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Strategies & Market Trends : Windows on Wall Street -- Ignore unavailable to you. Want to Upgrade?

To: NW_Trader who wrote (1373)	6/23/1998 12:43:00 PM
From: TATRADER	Respond to of 2233

Excellent work as always...Thanks Patrick... Patrick, the smoothed rate of change avoids a major flaw of the ROC..It responds to each piece of data only once rather than twice..It compares the values of an exponential moving average instead of prices at two points in time...It gives fewer trading signals, and the quality of these signals is better.. To create the indicator, we calculate a 13 day exponential moving average of closing prices and apply a 21 day rate of change to it... I opened a position on ITSY today...Check it out...Now I also look at pattern(nice pattern on ITSY) and whether we have an upward kick in ADX...Note how the ADX on ITSY gave a point upward kick yesterday.... Regards, Mark