gronfeldt formula

[michael.arnoldi@xxxxxxxx (MICHAEL J ARNkkkk)]

this is what i wrote for my "expert" analysis  and i use it fairly often:


NEXT DAY'S HIGH PRICE TARGET: 
 WriteIf( o>c, "WriteVal(( h+2*l+c)/2-l)", " ")
 WriteIf( o<c, "WriteVal((2* h+l+c)/2-l)", " ")
WriteIf( o=c, "WriteVal(( h+l+2*c)/2-l)", " ")
NEXT DAY'S LOW PRICE TARGET: 
 WriteIf( o>c, "WriteVal(( h+2*l+c)/2-H)", " ")
 WriteIf( o<c, "WriteVal(( 2*h+l+c)/2-H)", " ")
WriteIf( o=c, "WriteVal(( h+l+2*c)/2-H)", " ")


when next day's open is above the range, prices should continue higher,
the opposite if it opens below the low target.

mike