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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: marcos who wrote (13997)6/21/2006 4:14:29 AM
From: E. Charters  Read Replies (1) of 78416
 
secret formula. can't tell.

u can google "pivot point". The real camarilla is hard to find. it is based on stats. sd etc.. a better way to do it than camarill is to do the H/L/C for 90-200 days or more. Add them in each day and divide by 3, then take the StDev of the H-L ranges. Stdev is the SQRT of the variance. The variance is defined as the mean sqrd minus the mean of the sqrs of all x. Do the same for all the H and all the L's and C's. Compare to yesterday's L-H-C-R. 1st stddev +close is r1 etc... imprint tha over the stddev percentile of yesterday's moves. Since there is no data history for just yesterday, the percentiles of the 1st stddev x the range is arbitrary. typical percents can be found in a psyche/soshe text. or u can use excel.



That will give you a bunch of meaningless gibberish, so ignore it :)

You can get a R level by taking the ratio of the h to l * the close. All the other levels are related in some ratio to the normal stddev ratios percentiles of the normal curve times the range sub the close. If you used the long term average instead of the yesterday's range you might see the prob of a break out when the price moved over the 3rd std dev level. But rate of change should tell you that anyway.
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