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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: nicewatch who wrote (16045)	2/19/1999 9:29:00 AM
From: SE	Read Replies (1) \| Respond to of 44573

Neither ... it is simply an average of the change from high to low for a time frame times a percent and added to the close. In other words, pick a time frame, hourly for example. Take the high and subtract the low for that time frame. Add together the last so many periods and average them to get an average change over the last so many periods. Add a percent of that average to the close for the latest time period and you have your point to go long. Subtract the percent of that aveage from the close and that is the place to go short. For percentages you can use most anything....50%, 40%, 60% and so depending upon how sensitive you would like the method. Hope that helps....