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If you've read WW's book you know that Parabolic is a stop/reversal system
which is always in the market so I'm not sure what you want to know.
Parabolic can also be used as a trailing stop which accelerates in a
trending market. As a trading system, it runs nicely in a strongly trending
market but gets killed in a sideways market so it needs something (such as
WW's ADX trend indicator) to toggle it on/off. TASC carried an article
sometime within last 18 months or so on an improved version which I believe
has been coded into EL. It may be on the Omega site. Parabolic's elegant
simplicity has always appealed to me yet I've never found the results to my
liking.
Earl
-----Original Message-----
From: Randy Murphree <murpran@xxxxxxxxxxxx>
To: Omega User Group <omega-list@xxxxxxxxxx>
Date: Thursday, February 05, 1998 9:13 AM
Subject: Parabolic
>Does anyone know the basic rules for trading the parabolic as used by
>Welles Wilder? I know about the book, but just need a quick overview.
>Thanks,
>Randy Murphree
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