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I have been reading your posts on bands around oscillators with great
interest. I also use Wavewi$e as well as Metastock and WW lends itself
easily to this kind of application. If anyone has the WW software and would
like a copy of my work, please let me know. Unfortunately since WW is a
spreadsheet based program it does not translate into Metastock.
----- Original Message -----
From: Walter Lake <wlake@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Monday, June 14, 1999 8:12 PM
Subject: Re: volatility bands on oscillators
> Thanks Adam
>
> We'll have to wait until Lenny posts the code.
>
> Best regards
>
> Walter
>
> ----- Original Message -----
> From: VonHef <VonHef@xxxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Monday, June 14, 1999 6:05 PM
> Subject: Re: volatility bands on oscillators
>
>
> > I'm not sure how to create "Bands" on a oscillator, based on the
> > "Average True Range" since the ATR function is derived from the
> > days High and Low. I did manage to modify the "Denvelope"
> > code to work on the "RSI". This code may be worthless....but here
> > it is:
> >
> > name:Denvelope (RSI)
> >
> > pds:=Input("Periods",2,200,14);
> > sd:=Input("Standard Deviations",.01,10,2);
> > D1:= RSI(pds);
> > alpha:=2/(pds+1);
> > mt:=alpha*D1+(1-alpha)*(If(Cum(1)<pds,D1,PREV));
> > ut:=alpha*mt+(1-alpha)*(If(Cum(1)<pds,D1,PREV));
> > dt:=((2-alpha)*mt-ut)/(1-alpha);
> > mt2:=alpha*Abs(D1-dt)+(1-alpha)*PREV;
> > ut2:=alpha*mt2+(1-alpha)*PREV;
> > dt2:=((2-alpha)*mt2-ut2)/(1-alpha);
> > but:=dt+sd*dt2;
> > blt:=dt-sd*dt2;
> > blt;
> > dt;
> > but;
> >
> >
> > Best wishes,
> > Adam Hefner.
> > VonHef@xxxxxxxxxxxxx
> >
> > ---------------------------------------
> > ----- Original Message -----
> > From: Walter Lake <wlake@xxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Monday, June 14, 1999 1:05 PM
> > Subject: Re: volatility bands on oscillators
> >
> >
> > > The lady's name is Constance Brown. Her web site is www.aeroinvest.com
> > >
> > > She doesn't recommend the Bollinger Bands but instead uses ATR bands.
> BB's
> > > give a totally different look.
> > >
> >
>
>
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