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Gary, chances are the DT formulae are using the Peak() & Trough()
MetaStock functions, which are based on the ZigZag and use hindsight.
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "Gary Sarela" <gsarela@xxx>
wrote:
>
> Hi all,
>
> In Metastock, there is a function called DT Support (Short & Long
> term) and DT Resistance (Short & Long term).
>
> I think this function is quite impressive as a change in level
> almost always indicates a change in price direction.
>
> So my questions are:
> 1) Is this indicator too good to be true? (Does it look forward)
> 2) Can anyone give me some code or idea as to how it is done? (The
> formula is password protected)
>
> Thanks,
>
> Gary
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