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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Richard Estes who wrote (2651)8/23/1997 1:19:00 AM
From: TechTrader42   of 3325
 
Well, it was late coming this time, I'll admit, but I'm finally ready to concede on the matter of Vidya. You have my surrender. It's not entirely unconditional, but you'll probably take care of that in short order.

Vidya can't be formulated for WOW, as you said. The best that can be done is to formulate the Excel version and then view it in WOW with the method I gave here. As you've pointed out, even the Excel version given in TASC isn't the true, complete Chande version. I think, though, that the best thing that came out of all my efforts was a way to view the Excel version in WOW (and presumably in Metastock, if anyone wants to try).

I can create a proxy Vidya formula that doesn't refer to itself, and that WOW will accept. If I put an exponential moving average around my first WOW formula for Vidya, it seems to give a plot very close to the Vidya plot in your ASND chart. But the Metastock version isn't the ideal version, and the proxy is farther off the mark. In WOW, it's best to use the Excel version I think.

So Vidya wasn't as easy as TDREI, it seems. I've gained a new appreciation for Vidya, at least, along with a template to calculate it in Excel, and a Rube-Goldberg method of viewing it in WOW.

So I reluctantly surrender, and hereby agree to your TA Marshall plan, requiring that before I rebuild any formulas, I read everything I can find by Chande. I look with regret over the territory I've failed to conquer, over the wide, unexplored ranges of the variable moving average.
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