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Richard:
Thanks for the suggestion.
The bands look a bit like Bollinger Bands.
I'll try varying "factor" and smoothing the bands a bit.
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: "Richard Dale" <rad@xxxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Sunday, March 25, 2001 1:20 AM
Subject: RE: ATR
> I would imagine ATR bands are similar to Bollinger Bands but rather than
> based on standard deviations they might be based on ATR instead.
>
> eg. Try creating a new indicator with something like:
>
> factor:=1.25;
> atrdays:=15;
> REF(C+(factor*ATR(atrdays)),-1);
> REF(C-(factor*ATR(atrdays)),-1);
>
> Fiddle with the value for "factor"
>
> Cheers,
> RICHARD DALE
> IT PROJECTS MANAGER
> daytraderHQ Ltd
> Level 4, 66 Kings Park Rd
> West Perth
> Western Australia 6005
> Phone: (08) 9226 0767 Fax (08) 9322 9998
> Email: rad@xxxxxxxxxxxxxxx
> Web site: www.daytraderHQ.com
> YOU'LL NEVER TRADE ALONE
>
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