Wayne: I've posted an IBM chart showing a plot of the TD Range Expansion Index, a plot that is identical to Figure 4 on Page 44 in the August issue of TASC, Below the chart, I've given my revised translation of TD REI, the one I just posted here.
You can see the chart at:
members.aol.com
I can't believe I got it right. I started thinking about it during a sleepless night last night. I think I'm going nuts. I even dream of stock tips now, something I've never done in the past. The wretched market is taking over my life. I'm thinking of buying a skete, a hermitage, on the Greek island of Patmos, to escape the relentless call of the market.
Before I leave, here's the whole formula again:
TD1:
h-ref(h,-2)
TD2:
l-ref(l,-2)
TD3:
If((h>=ref(l,-5) or h>=ref(l,-6)) and (l<=ref(h,-5) or l<=ref(h,-6)),1,0)
TD4:
If((Ref(h,-2)>=ref(c,-7) or ref(h,-2)>=ref(c,-8)) and (ref(l,-2)<=ref(c,-7) or ref(l,-2)<=ref(c,-8)),1,0)
TD5:
If(Fml("TD3") + fml("TD4")>=1, fml("TD6"), 0)
TD6:
Fml("TD1") + fml("TD2")
TD7:
Abs(fml("TD1")) + abs(fml("TD2"))
TDREI Expansion Index:
((Fml("TD5") + ref(fml("TD5"),-1) + ref(fml("TD5"),-2) + ref(fml("TD5"),-3) + ref(fml("TD5"),-4))/ (Fml("TD7") + ref(fml("TD7"),-1) + ref(fml("TD7"),-2) + ref(fml("TD7"),-3) + ref(fml("TD7"),-4)))*100 |
