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>The indicator itself, no system, based upon the article is
>Mov(ATR(1),21,w) or you might want to just plot ATR(21) if you want to
>use Wilders smoothing which the article does not discuss.
>
>As far as an expert for this it wil take awhile because the tarding
>system discussed in the article is a dynamic system which requires
>changes as the indicator developes.
>
>Equis Support
Equis Support,
Thanks for your jumping in on the question on the correlation-exploration subject mail.
Thanks too for adding the above mentioned Wilders Volatility indicator and Wilders
Smoothed Volatility indicator and your explanations.
In your reply I find your input on the "TTT-TREND TRAILING Ind - Andrew Abraham"
indicator very pleasant, however do find it, in relation to Abrahams indicator to be an
incorrect and a TOO very simply put version, one wich I had setup as well, but only as
the trailing trend indicator's base.
Besides that I don't find it at all as a to be as effective and accurate indicator as the
original Andrew Abrahams indicator, the trend trailing originator, also do find it to
be WAY OFF as it doesn't meet up with the in the authors' article mentioned indicators
conditions and preferences.
The author refers to the volatility indicator developed by Welles Wilder to be the trailing
trend indicator's base. Thats where Wilders input to his indicator stops and where
Andrew starts to add his input :
The trailing trend indicator conditions and preferences(see below).
That's too why I did not name it as a Andrews( moving average weighted )Volatility indicator,
as that would have to be Wilders volatility indicator, but as the trends trailing indicator
mentioned and named in the article and by its author.
Conditions and preferences for the Abrahams trend trailing indicator mentioned in the article:
1.Let's say the market has been rising
2.Then the (Wilders) volatility indicator is calculated each day and subtracted from the
highest close during the rising market.
3. The highest close is always used, even if there has been a series of lower
closes since the highest close.
4. If the market closes below the volatility indicator, then for the next day, the current
reading of the volatility indicator is added to the lowest close.
5.This step is followed each day until the market closes above
the trailing volatility indicator.
6.We now have a definition of the trend. An upward trend exists as long as the
volatility indicator is below the market
7.A downtrend is in force if the volatility indicator is above the market.
Do find the CORRECT version meeting up with his set of conditions in my previous
mail to the List with as subject "Trading The Trends". Also to be the very effective
and powerfull one.
An exploration as to the close being above or below the indicator has been added.
This is a very simple exploration, but in its turn, also as very effective as some of the
indicator names expressed in another previous mail to the List with as subject
"Re: Trading The Trends" , indicator names I had thought of to give to the Andrews
trend trailing one and names that contain the load of Andrews 'message' to the full as well.
Anyhow, Equis Support, thanks for your input, and look forward to the mentioned future
developments, like the Experts etc..
Regards,
Ton Maas
Ms-IRB@xxxxxxxxx
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