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To Adam:
Very good post. Maybe I will look into DG then.
Robert H.
----- Original Message -----
From: "Adam Hefner" <vonhef@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, June 19, 2001 8:10 PM
Subject: Re: PLdot
> Robert,
> You wrote: "The PLdot is nothing more than a very tight moving
average."
> This is true!
>
> You wrote: "You do not need to pay 3K+ to have someone tell you very
> simple rules for this indicator"
>
> This statement could be somewhat misleading....if all you seek are simple
> rules to use this one indicator, I wouldn't pay 3k either. If you are
saying
> that all this course has to offer is this one indicator and some simple
> rules,
> then you are mistaken.
> I have attached a chart that shows just a few of the many tools that
are
> available with Drummond Geometry....but as everyone who seeks to trade
> for a living must learn....it is not the indicators/system/tools that will
> bring
> success. One must learn how to trade. There are several ways to learn,
> from past failures and success (this can be very expensive), from a tutor
> (anyone know where to find one?), or from a school/course.
> If you know how to trade, or have a tutor who does, or have lots of
> cash to loose....then perhaps a school or course is not for you. But to
> say DG is not worth 3k because of a simple indicator....is to not
> understand DG.
> There are other succesful methods to trade with, so I am not promoting
> it as the only way. I will say that it is the path I have chosen to take
and
> I have
> no regrets.
> Adam Hefner
>
>
> ----- 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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