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Re: True Strength Index with MSPro

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<DIV><FONT color=#000000 size=2>Larry:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>There is an article in the TASC for Jan '93, by William Blau, 
&quot;Stochastic Momentum&quot; which gives the formula for the&nbsp; true 
stength index.&nbsp; This article refers to an older article by Blau in the Jan 
'91 TASC &quot;Double Smoothed Stochastics&quot;.&nbsp; Blau has also written a 
book.&nbsp; My guess is that the earlier article or the book may have what you 
want.&nbsp; The TRIX indicator in MS is also a triple smoothed 
function.</FONT></DIV>
<DIV><FONT size=2></FONT>&nbsp;</DIV>
<DIV><FONT size=2>My own preference is for simpler indicators, and for roc to be 
in % rather than $.&nbsp; I also use a roc of a short moving average as this 
gives a smoother&nbsp; curve.</FONT></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
    <DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From: 
    </B>Lpetersen &lt;<A 
    href="mailto:lpetersen1@xxxxxxxx";>lpetersen1@xxxxxxxx</A>&gt;<BR><B>To: 
    </B>Metastock Group &lt;<A 
    href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>&gt;<BR><B>Date: 
    </B>Monday, April 12, 1999 2:30 PM<BR><B>Subject: </B>True Strength Index 
    with MSPro<BR><BR></DIV></FONT>&nbsp; <BR>Friends, <BR>I have recently been 
    using the True Strength Index into my MSPro day trading screen. <BR>The 
    indicator appears to be promising, but I cannot find any 
    documentation.&nbsp; If you have any information as to how the True Stength 
    Index can be most effectively used, please share with the list. 
    <P>Here is the formula: 
    <P>100*(Mov(Mov(ROC(C,1,$),25,E),13,E)/Mov(Mov(Abs(ROC(C,1,$)),25,E),13,E)) 
    <P>Larry&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<IMG 
    alt="Brady Bunch" border=0 height=138 
    src="cid:001701be851e$59736380$1c1efea9@xxxxxx"; width=96> 
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