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Raff channels are not dynamic if used correctly. I use the first point
at which the channels appear
to be predictive and then extend the lines to the right. Admittedly
this is somewhat subjective
but it works well for me. If the data then breaks the channel in a way
which does not trigger a
trade and then retreats, the end point may be changed to modify the
channel. If you extend the
regression line each day to include the most recent data, of course
the channels become dynamic
and lose all predictive value.
The article in the current TASC on the use of the Raff channel with %R
is very good.
Best
Barry
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