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Robert:
When I plotted this indicator, I saw what you mean. it does follow the
prices very closely. This should be good for short term traders
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Robert" <robert_h@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, June 19, 2001 11:35 AM
Subject: Re: PLdot
> 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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