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Wonder if you could post the EL in ASCII format?
An alternate to the TL and oscillator is to use an anchored trendline and/or
a channel which is considered broken when broken the 3rd time by slowing
momentum:. 1) base low to low of #1, break + redraw base low to low of #2,
break + retest of the reverse side of trendline.
Earl
-----Original Message-----
From: Stewart Taylor <staylor@xxxxxxx>
To: Bob Fulks <bfulks@xxxxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Thursday, September 10, 1998 10:22 AM
Subject: Re: Three Drives Discussion
>
>It is a detrend study. I think I got it from the Omega site but here is
>the ELA.
>
>I don't know that the oscillator that you use is particularly important as
>long as it shows divergences and such. I have almost always used a slow
>stochastic to trade the setup and suspect that RSI or any number of
>momentum indicators would work.
>
>>Now that you asked, I have a question. I was trying to duplicate your
chart
>>but do not know what indicator you are using. You call it "Momentum". Is
>>this the common Momentum indicator:
>>
>> Price - Price[Length]
>>
>>If so, what length do you use?
>>
>>I am a system trader so typically use set-ups that I can program in
>>EasyLanguage. Unfortunately, divergences and trendlines are pretty hard to
>>program reliably but I thought I might try.
>>
>>Looks like an interesting setup.
>>
>>Thanks.
>>
>>
>>
>>
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