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Harvey Pearce recently filed an update to the formula he wrote for Metastock
back in 1998 "Trading The Trend - by Andrew Abraham" which was very handy
thanks Harvey.
There was another formula posted to the list at the same time, I think by
Ton Maas and you can see how they both plot on the chart below.
Ian Burgoyne
Melbourne
Here is the formula:
TTT-TREND TRAILING Ind - Andrew Abraham
fml(“VOLAInd”) : Mov(ATR(21),1,W)*3;
If(C>Ref(C,-21) AND C>fml(“VOLAInd”),
HHV(H,21)-Ref(fml(“VOLAInd”),-1),
Ref(fml(“VOLAInd”),-1)+LLV(L,21))
adapted for MS6.52
VOLAInd:=Mov(ATR(21),1,W)*3;
If(C>Ref(C,-21) AND C>VOLAInd,
HHV(H,21)-Ref(VOLAInd,-1),
Ref(VOLAInd,-1)+LLV(L,21))
{Andrew Abraham - from TASC article SEP98 - TRADING THE TRENDS}
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