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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: TechTrader42 who wrote (1958)	7/9/1997 1:08:00 AM
From: Paul Beattie	of 3325

Brookelise & Bill, Re: formula for the Avg_Price (aka BradCCI) Sorry, this is just to add to the confusion surrounding use of (). You wrote: It should really be: (((H+L+C)/3)-Mov(C,28,S))/(.015Std(C,28)) Not: (((H+L+C)/3)-Mov(C,28,S))/(.015Std((H+L+C)/3,28)) After Bill's first posted chart (at your site) showing what the indicators looked like using ()'s, I tried them in Metastock and it was Bill who noticed a difference in the way MSWIN plotted BradCCI vs. his version on Tradestation. Based on an e-mail, I changed it to the "wrong" version, and it actually looked to be a better match. I know the two formulas are different. I have no stake in which is right, only what works. People should check what seems to match best for their package. The charts from Bill you've posted are valuable for this purpose too. Does this post qualify me / put me in the running for "heretic" of the week? <gg> I really appreciate your efforts to bring BNS in front of people. Regards, Paul

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