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Thanks,Preston. Actually I have been keeping up with the discussion and have
tried the DLL without success. Metastock doesn't recognize the subroutine in
the DLL. Can't get around it. And am I correct that LastValue will give
accurate results if it doesn't have to look back? This trendline that I'm
using that redraws automatically at each new data point only uses the
current LastValue value? Thanks for your help. Rick.
p.s. You guys are a great resource. And very altruistic. Even though, I'm
sure, that you learn a lot yourselves from these coding workouts.
On 8/9/07, pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote:
>
> 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 <equismetastock%40yahoogroups.com>,
> "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.
> >
>
>
>
[Non-text portions of this message have been removed]
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