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Strategies & Market Trends : TA-Quotes Plus
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To: RICHARD LOCKIE who wrote (2764)12/29/1997 6:42:00 PM
From: Al Greenleaf  Read Replies (2) of 11149
 
Very interesting Rich! Your definition of "breakout" is to be ABOVE the bands? Do you consider it a buy at that point? Could you give me more detail on how you use it?

Also, I am confused by the statement Close(0)>=0.5*High(0). Does this mean in the top half of the range? Seems like if the range was 20 to 21, 1/2 of the high would 10.5. I would have guessed that you would use "Close(0)<=(High(0)-Low(0)/2)", or "Range(0)*.5".

Forgive all the questions, but I'm still a little green at this appreciate your help. TIA.

-Al
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