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Now the D-ratio is ready with details.
You may replace (H+L) with 2*C.
I have never used it.
Avoid to use H-L alone. It is almost meaningless for stocks which
lost more than 50% the last two years.
DT
--- In amibroker@xxxx, "b519b" <b519b@xxxx> wrote:
> DT,
>
> I understand why a ratio is better than usind a fixed dollar
amount.
> I do not understand why you suggest (H-L)/(H+L) rather than (H-
> L)/Close or (H-L)/(Close*2)? I am not saying H+L is bad since it is
> likely just as good as Close or Close*2. I am just wondering if H+L
> is better in someway?
>
> b
>
> --- In amibroker@xxxx, "dtsokakis" <TSOKAKIS@xxxx> wrote:
> > It is obvious that many readers did not pay attention to our
> > dicsussion, re the $1 of MSFT.
> > My QQQ posting had the same idea, not in absolute $ terms but in
> the
> > arranged relative form.
> > $1 is good for MSFT when prices are around 50, but prices were
> $100
> > and it is better to use the relative [normalized somehow] H-L/H+L.
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