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Karl wrote:
>
> Does anyone have the ela for the REVISED rsqd.ela as mentioned on page 83
> TASC. I went to the Omega site and although the text file indicated that the
> ela was revised and included the paint bars, the file I downloaded has only
> the old non-revised code and only the indicator and user function.
> Thanks much,
> Karl kschr@xxxxxxxxxxx
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Karl,
It looks like the only thing changed in the new rsqd.ela file is the
CoeffR function. When plotting with the old vs. the new function, the
shapes of the plots are generally the same, but the values are
slightly different. I noticed with the old function that I used to
periodically get values much greater than 1.0 It seems that they have
fixed that in the new code.
BTW, I've been using this concept as part of my daily arsenal of
indicators ever since that article came out. I really like the way it
quantifies the strength of trend. Good stuff!
Bob Hunt
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