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Yes Yes Yes -- you're so right and I have a red face. I was
concentrating on the wrong thing. Oh well.
My post also asked for clarification of the initial condition, i.e. it
seems Al is looking for the opening bar and the opening bar plus one or
something like that. What do you think? How can we help Al? I assume
he's off making millions shorting the market and isn't reading his
e-mail right now <g>.
John
UG wrote:
>
> John Manasco writes:
>
> > > You have set up two mutually exclusive conditions:
> > >
> > > a. the open plus ATR(10) * .250 be LESS than yesterday's close, and
> > >
> > > b. the open plus ATR(10) *.0125 be GREATER than yesterday's close.
> ^^^^^
> 0.125 was in the original post, but that
> doesn't matter for this discussion.
>
> > Why not? If for example the open is 10 and the atr(10) is 2 then
> > Open+ATR(10)*.250=10+2*.250=10.5 and 10*2*.125=10.250. So we are looking at
> > any number between 10.250 and 10.5.
>
> No, you're looking for a number between 10.5 and 10.25, in that order.
>
> If open is 10, yesterday's close is C, and atr(10) is 2, then according to the
> formulas,
>
> 10 + 2 * 0.250 = 10.5
> 10 + 2 * 0.125 = 10.25
>
> as you say, but the formula says that 10.5 must be LESS than C and 10.25 must
> be GREATER than C, which clearly can't BOTH be true.
>
> I.e., we want C such that:
>
> 10.50 < C < 10.25.
>
> Since 10.25 < 10.50, it can never be satisfied.
>
> ========================================================================
> "Weinberg's Second Law" If builders built buildings the way programmers
> wrote programs, then the first woodpecker that came along would have
> destroyed civilization.
> http://www.unixgeek.com/cgi-bin/motd.pl - PGP email preferred
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