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Sorry for the blank message. I've attached a chart. He doesn't plot H-L.
>From: "Lionel Issen" <lissen@xxxxxxxxxxxxx>
>Reply-To: equismetastock@xxxxxxxxxxxxxxx
>To: <equismetastock@xxxxxxxxxxxxxxx>
>Subject: RE: [EquisMetaStock Group] Force Index & Bull/Bear Power
>Date: Thu, 2 Feb 2006 23:21:02 -0600
>
>Ron:
>
>Unless you are dealing with non-commutative calculations, where the order
>of
>the calculations can be important as in vector analysis, the algebraic
>manipulations are correct and will give the same answer as BullPower -
>BearPower. The BullPower curve is not the BearPower curve, but the
>difference is High - Low.
>
>
>
>Lionel
>
>
>
> _____
>
>From: equismetastock@xxxxxxxxxxxxxxx
>[mailto:equismetastock@xxxxxxxxxxxxxxx]
>On Behalf Of Ron Berlin
>Sent: Thursday, February 02, 2006 4:49 PM
>To: equismetastock@xxxxxxxxxxxxxxx
>Subject: RE: [EquisMetaStock Group] Force Index & Bull/Bear Power
>
>
>
>I understood that Elder's Bull Bear Power measured the distance from some
>base line (the EMA) to the high or the low. That is not the same as
>measuring the distance form the high to the low. He has the two indicators
>plotted in separate windows.
>
>
> >From: "Lionel Issen" <lissen@xxxxxxxxxxxxx>
> >Reply-To: equismetastock@xxxxxxxxxxxxxxx
> >To: <equismetastock@xxxxxxxxxxxxxxx>
> >Subject: RE: [EquisMetaStock Group] Force Index & Bull/Bear Power
> >Date: Thu, 2 Feb 2006 12:46:19 -0600
> >
> >Your algebra is correct. I should have notice it. It also explains why I
> >never used it as an indicator of bull or bear power. Your other comments
> >are
> >also correct.
> >
> >
> >
> >This reminds me of a meeting decades ago. Two new Ph.D.s were proudly
> >presenting the results of their research in rheology. There were several
> >pages of calculations, pictures of their equipment, and charts of their
> >data. When they were finished an old professor got up and put down two
> >lines
> >of equations that produced the same results as the speakers results, and
>he
> >snorted that the research didn't' have to be done as these equations had
> >been around for several decades. I had met the professor and indeed he
>was
> >a
> >crusty sob. He was tough but fair. He treated everyone the same, very
>mean.
> >
> >
> >
> >Regards
> >
> >
> >
> >Lionel
> >
> > _____
> >
> >From: equismetastock@xxxxxxxxxxxxxxx
> >[mailto:equismetastock@xxxxxxxxxxxxxxx]
> >On Behalf Of bellamy_29m
> >Sent: Thursday, February 02, 2006 7:38 AM
> >To: equismetastock@xxxxxxxxxxxxxxx
> >Subject: Re: [EquisMetaStock Group] Force Index & Bull/Bear Power
> >
> >
> >
> >--- In equismetastock@xxxxxxxxxxxxxxx, "Lionel Issen" <lissen@xxx> wrote:
> > >
> > > Just set these up as indicators and plot them. Look in the manual or
> >online help.
> > > If you plot (bull power - bear power) your chart will show which is
> >dominant.
> >
> >Where:
> > > Bull power = High - EMA
> > > Bear power = Low - EMA
> >
> >THEN:
> >(bull power - bear power)
> >=(High - EMA) - (Low - EMA)
> >= High - EMA - Low + EMA
> >= High - Low
> >
> >Much simpler...
> >
> >So how does it show who is dominant?
> >
> >The High will ALWAYS be greater then the Low (unless you have corrupt
> >data!) so this indicator will simply show the data-period range. You
> >might consider dividing this Range by the Low to get a percentage
> >value which might be of more benefit for trading. To find the Bull or
> >Bear Power I would probably use the Open and Close prices in lieu of
> >the High and Low??
> >
> >Anyhow, this shows why one should NEVER take any formula on face value
> >without firstly proving the formula from first principals, or at least
> >simplifying the formula to expose weaknesses such as this.
> >
> >... and the benefits of the MS Users Manual and the Equis Formula Primer.
> >
> >
> >wabbit :D
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > _____
> >
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> > _____
> >
> >
> >
> >[Non-text portions of this message have been removed]
> >
>
>
>
>
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