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Rick,
I'm somewhat skeptical about lastvalue. Even so I recently discussed
an indicator which does use lastvalue. Here is the address:
http://forum.equis.com/forums/thread/24601.aspx
As you will note, Jose pointed out the somewhat risky use of
lastvalue since it is hindsight based. The obvious solution then is
to use a DLL which is also pointed out in the discussion.
The easiest indicator to use because of its inherent scaling is the
RSI. The scale is 0 to 100. Of course you could normalize any
indicator which would provide you with a usable scale, so the
possibilities become endless. Now the real question is what
indicator would provide the best indication of market momentum. I'd
still lean towards a RSI.
Hope this helps,
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "richardwbriggsjr"
<richardwbriggsjr@xxx> wrote:
>
> Preston or Roy,
> Since you guys are deep into variable variables, could you possibly
> suggest a good indicator to be used to pass the period value into a
> formula using LastValue? In this case an automatically adjusting
> trendline. Thanks. Rick.
>
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