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What is the Ross Hook and has it been coded for metastock?
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Owen Davies" <owen@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, August 28, 2001 9:39 PM
Subject: Re: Coding MaxLoss and ProfitTarget Stops
> Roy Larsen explained:
>
> > The "Williams Buy Stop" indicator is a breakout entry signal based on
the
> work of Bill Williams I
> > believe his book is called "New Dimensions in Trading". I didn't create
> the indicator and don't have
> > permission to pass it on, but the concept is to enter long once a the
> price breaks above a previous
> > high that is straddled by two lower highs on each side.
>
> Sounds indistinguishable from a Ross Hook, unless there's more to it.
> Then again, how often is anything really new in this business, except the
> name the promoter sticks on it?
>
> Owen Davies
>
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