RE: bull/bear fear-retested

["mikelu" <mikelu@xxxxxxxxxxxxxxx>]

They are the same. I was wondering why we were using the more complicated
looking formulation.

I see now that the article used

BullFear := (HHV(HIGH,n) + LLV(HIGH,n))/2;

while Traders' Tips used:

BullFear := (HHV(HIGH,n) - LLV(HIGH,n))/2 + LLV(HIGH,n);

Mike
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Randy Harmelink
Sent: Wednesday, December 15, 1999 7:52 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: bull/bear fear-retested


Don't the two expressions mean exactly the same thing?   That is:

 (HHV - LLV) / 2 + LLV = (HHV / 2)  - (LLV / 2) + LLV = (HHV / 2) + (LLV /
2) = (HHV + LLV) / 2

----- Original Message -----
From: mikelu <mikelu@xxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: December 14, 1999 7:42 AM
Subject: RE: bull/bear fear-retested

> I'll repost for you with a question.
>
> Why is BullFear defined as
>
> BullFear := (HHV(HIGH,n) - LLV(HIGH,n))/2 + LLV(HIGH,n);
>
> instead of just
>
> BullFear := (HHV(HIGH,n) + LLV(HIGH,n))/2;
>
> as it is in the magazine?
>
> Mike