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This is an indicator I have made based upon the "triple" described
in the book Wetsel Market Bureau based on a tuition journal written
in the
early 1930's. The indicator is described as having the force of
atraction. If the price fails to reverse to the extent of the triple
then probability of further extended move in same direction as
previous move. The triple is the average of two consecutive moves in
the same general direction.
((Trough(2 ,C ,1 ) + Peak(2 ,C ,1 )+Peak(2 ,C ,1 ) + Trough
(1 ,C ,1 ) +(Trough(1 ,C ,1 ) + Peak(1 ,C ,1 )))/6)
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