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Malcolm,
Thank you. I will check the local library to review before purchase. I
use 23 because different system tests indicated that was a cycle for a
particular setup I wanted to use. (The 13 slope is appx 1/2 of the cycle
period and a Fib number). On my real time charts I am using an 8 and 18
regression slope on 5 minute bars.
Al Taglavore
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> From: Malcolm Walsh <malcolm.walsh@xxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: Trendiness or Congestion measurement - r-squared +
Linearregression Slope
> Date: Tuesday, February 06, 2001 12:55 PM
>
> Al;
> Book is -The New Technical Trader -Chande and Kroll.
> Looking at the 23 period r-sq , it seems long. I had been using
> a 10-15, figuring that the r-squared needed to be somewhere between
> one quarter and one half the stock price period. If it is longer than
> half the period it may miss the short term trend completely.
> Any thoughts?
>
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