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Owen & HHP,
You may wish to try Starc Bands:
{Starc Band}{This is what I use but any 5 day mov. avg. will work}
(Mov(Typical(),5,S))
{Starc Upper:}
Fml( "STARC BAND" )+ (ATR(15)*1.33)
{Starc Lower:}
Fml( "STARC BAND" )-(ATR(15)*1.33)
J.
>From: HHP <hhp@xxxxxxxx>
>Reply-To: metastock@xxxxxxxxxxxxx
>To: metastock@xxxxxxxxxxxxx
>Subject: Re: Tushar Chande's target prices (again)
>Date: Thu, 16 Dec 1999 15:58:17 -0800
>
>Owen,
>
>Found the reference in Tushar Chande's "The New Technical Trader",
>p.172, ch.7, section titled "Anticipating Prices for a Risk Control
>Plan". It is pretty much as I wrote, but note that these are target
>prices for the next day, they are not profit targets. Chande also
>mentions that you could use
>ATR-10 instead of A if you wish, and speaks of "some multiple of A".
>IOW, experiment and see what works for you.
>
>HHP
>================================
>
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