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Has anyone coded Marty Zweig's value line indicator he wrote about
in "Winning on Wall Street?". Its farily simple....buy the ValueLine
when the weekly close is up +4% from it's absolute low since the
time of the prior sale (or starting period), stay on a buy until it
closes down -4% from its weekly high since the last buy.
The approach is simple, but looks like it produced strong results
from 1975 to 1995. The results need to be updated to see if this
approach works beyond 1995. (We all know how the markets have
changed since 95!)
Has anyone coded this?
-Eric.
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