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To: rkf who wrote (6438)1/14/1998 11:20:00 PM
From: Greg Higgins  Read Replies (1) | Respond to of 14162
 
rkf writes: is your 3% the movement of the stock, or 3% from the high or low end of the 5 day m.a.?

It's 3% from the hi or low MA. If x = 5MA(hi), then the channel is at 1.03x. If x = 5MA(lo) then lower marker = .97x.

If I were going to use hi-low somehow, I'd use something like hi + .15 (hi -low) and low - .15 (hi-lo) possibly as much as .25 or .33 depending on how often I wanted to trade.