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Craig,
One way to correct for having to use Weekly data on Data2 for the Elder
System is to use a 65 period Exp. Moving Average on the Daily data and get
rid of the Weekly data altogether. It gives basically the same signals as
the 13 period EXPMA on the Weekly Chart, but will signal sooner when the
trend reverses before Friday of any week-- as well as eliminate the problem
of the Weekly chart not updating properly when Friday is a Holiday.
I have also worked extensively with the Elder Triple Screen system -- please
contact me if you would like to compare notes.
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At 09:41 am 1/12/98 -0500, you wrote:
>
>I think if you specify Data1 and Data2 for your weekly and daily indicators
>within your code, respectively, this should work. The only problem I found
>was when the weekly bar hadn't finished forming, I got a false signal from
>the weekly (which changed subsequently when the bar finishes on Friday)
>indicator. Meaning the indicator met my criteria sometime during the week,
>but then didn't meet it on when the bar finished on Friday's close.
>
>This is what I ran into when I tried to code the Elder Triple Screen system
>and I dropped trading it because I receieve to many false trading signals.
>
>Regards,
>Craig
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