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Strategies & Market Trends : Technical Analysis- Indicators & Systems

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To: Stephen Zodkoy who wrote (2667)	8/23/1997 2:42:00 PM
From: Richard Estes	of 3325

Just in case, someone misunderstands. The VIDYA formula from the OCT 95 issue and therefore the excel and T+ version is just one example of a 9 day MA. In his book, he used a 19 day VIDYA. As I have said I prefer a 89 day VIDYA. Point: unless you change the formulas for different periods, you are stuck with a formula that might work well with futures, when he showed it on stocks in TASC, he used weekly chart or a 45 day. I have heard people say that they didn't like VIDYA, It really meant they didn't like the 9 day version he used on futures. I consider Chande, the best living TA guy out there.

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