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Larry,
It's neither. It's Brian Bell's
presentation.
Take care,
Steve
<BLOCKQUOTE
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----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Larry
To: <A
href="mailto:metastock@xxxxxxxxxxxxx";
title=metastock@xxxxxxxxxxxxx>metastock@xxxxxxxxxxxxx
Sent: Thursday, April 25, 2002 1:39
PM
Subject: Re: Brian Bell's BWL
Steve, Is this Amibroker code or Metastock code?
Steve Karnish wrote:
List, <FONT
face=Arial>For the many that have asked for notes on Brian
Bell's presentation...here's the high points (I
think).: 1. The "Bell
Warning Line" differs from Chande's VIDYA and Kaufman's Adaptive moving
average
a. VIDYA and the AMA: as the market speeds up, the indicator
gets faster; as the market slows, so does the indicator<FONT
face=Arial> b. BWL: as the
market speeds in a direction, the BWL slows down; as the market speed slow,
the BWL gets faster <FONT
size=-1>2. In a consolidation, there are a lot of swing highs and
swing lows...in a strong move, there are no swing highs or swing
lows 3. Finding a
swing high: Strength = 1: There must be at least one lower high
on each side of the swing high. Strength = 2: There must be at least
two lower highs on each side of the swing high bar. <FONT
face=Arial>4. Count how many bars since a swing high or swing
low has occurred. 5.
The smoothing constant is inversely proportional to the number of bars since
a swing high or swing low <FONT
size=-1>6. User specifies: "StartSC" - the "starting smoothing
constant" & "Sensitivity" - the "strength" of the swing high and swing
low bars 7. How to
calculate the BWL: bsHigh
= bars since swing (Strength)<FONT
size=-1>bsLow = bars since swing low (Strength)<FONT
face=Arial>p = min(bsHigh, bsLow)<FONT
face=Arial>sc = StartSC / p<FONT
face=Arial>BWL = (1 - sc) * BWL(previous) + sc *
Price Wow, another lagging
indicator that behaves similar to a 21 day simple moving average.
Since the implementation of this indicator is totally subjective and it's
not used as a timing device...personally, I can't find a use for it in my
work. I hope I didn't
violate the spirit of this presentation. Brian is a real pleasant
guy. I think I have the calculations correct. I took notes with
a crayon and I spilled my gin and tonic on the handout he supplied....so,
this is my best shot. Take
care, <FONT
size=-1>Steve<A
href="http://www.cedarcreektrading.com";>www.cedarcreektrading.com
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