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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: Paul Beattie who wrote (1967)7/9/1997 1:07:00 PM
From: TechTrader42   of 3325
 
I suppose we all have to chat more about the reason for moving the parentheses, just so we make sure that we know what effect it's having and why. I've been looking for a more detailed explanation of CCI, but in all my TA books I haven't found a rationale behind the .015*mean deviation. if you divide the whole dividend by .015 and then multiply everything by the mean deviation, it doesn't just move the scale up and down, it changes the result, minimizing some price movements and greatly exaggerating others. Maybe Bill's New System would still show promising results with the .015 back within its parentheses. Maybe, however, that distortion of CCI is precisely what makes BNS successful. We'll have to examine it in detail. After all, penicillin was discovered by accident, along with a lot of other things. Even if the author of BradCCI didn't intend to have part of the divisor moved, maybe Bill has found reason to cry "Eureka!"
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