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The PLdot is nothing more than a very tight moving average. The value is in
the rules to interpret the moving average. The basic theory is that the
moving average and the price will oscillate around each other and from that
fact you can develop trading strategies. Watch the MA oscillate around the
price for a while and develop your own strategy strategy. You do not need to
pay 3K+ to have someone tell you very simple rules for this indicator.
Regards
Robert H.
----- Original Message -----
From: "Adam Hefner" <vonhef@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, June 19, 2001 8:01 AM
Subject: Re: PLdot
> The PLdot is one of the many tools that Charles Drummond (Drummond
> Geometry) teaches. It is beyond the scope of my time on this forum to
> properly
> explain its usage. I have attached a MetaStock chart showing how the PLdot
> can
> be used to determine if a market is trending or in congestion....but it
has
> other uses
> also.
> Adam Hefner
>
>
>
> ----- Original Message -----
> From: "Dan" <dcash@xxxxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Monday, June 18, 2001 11:38 PM
> Subject: Re: PLdot
>
>
> > What do you look for with it?
> >
> > Dan
> >
> > Adam Hefner wrote:
> >
> > > The PLdot is a 3 bar average of what MetaStock calls the "Typical
> Price".
> > > The Typical price is simply the days (High+Low+Close) /3,
> > > So it could be written As Follows
> > >
> > > Sum(Ref(Typical(),-1),3),3)
> > > Do I use it? Yes.
> > >
> > > Adam Hefner
> > >
> > > ----- Original Message -----
> > > From: "Hengy" <hengy@xxxxxxxxxxxxxxxx>
> > > To: <metastock@xxxxxxxxxxxxx>
> > > Sent: Monday, June 18, 2001 8:49 PM
> > > Subject: PLdot
> > >
> > > > Has anyone heard of the PLdot? It is the average of the high, low
and
> > > close
> > > > for the past three bars. This is what I've come up with.
> > > >
> > > > ((H+L+C)/3)+((HHVBars(H,2)+
> LLVBars(L,2)+(CLOSE -2))/3)+((HHVBars(H,3)+
> > > > LLVBars(L,3) +(CLOSE,-3))/3)/3. Has anyone tried setting it up or
> using
> > > it?
> > > >
> > > >
> >
> >
>
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