Re: Drummond geometry

["The Omega Man" <editorial@xxxxxxxxxxxxx>]

Good catch, BobR!  Yes, the calculation was incorrect.  I've revised it in
the attached .ela.

In case the .ela gets garbled, you can cut and paste the following into a
user function (I called my function AR_PLDot):



Var:  PLD(0);
PLD = (H + L + C)/3;
AR_PLDot = Average(PLD,3)[1];



Create an indicator file and insert the following code:

Plot1(AR_PLDot, "PLDot");



Someone requested more information about the "Hearne article" and on PLDot
in general.  That information is provided in the messages quoted back below.


Good trading,

The Omega Man



----- Original Message -----
From: Robert A. Roeske <bobrabcd@xxxxxxxxxxxxxxx>
To: The Omega Man <editorial@xxxxxxxxxxxxx>
Cc: Jose Ramon Diaz Serrano <jrdiaz@xxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
Sent: Wednesday, June 09, 1999 9:10 AM
Subject: Re: Drummond geometry


> Isn't there an error in the function for the posted ela code for the
PLdot?
>  According to the definition the in Futures rag "The formula for the PLdot
> is the average of the high, low and close of the last three bars and is
> plotted as a dot or line on the fourth subsequent bar".  The previously
> attached PLDOT.ela calculates starting with the current bar and the two
> previous bars and plots on the current bar rather than as defined.
>
> BobR
>
> At 07:24 AM 6/9/1999 -0400, The Omega Man wrote:
> >
> >As I understand the way Hearne and Drummond have this course set up, you
> >need not purchase all the lessons at once.  So why not purchase the first
5
> >lessons and give it a try!  If you don't like it, what are you out?  A
> >whopping $600?  Big deal.
> >
> >I assume that you have seen their web site (www.tedtick.com) and that you
> >saw the article by Hearne in the June issue of Futures magazine.  Hearne
> >will have more articles on Drummond Geometry in upcoming issues of
Futures
> >so you might want to read those to help you decide about buying more
course
> >lessons.  But I'd still buy the first one right away if you're
interested!
> >
> >Attached is the PLDot indicator described in Hearne's article...  A
little
> >double-smoothed average "with a twist".  His most interesting concept
with
> >this little indicator is that it linearizes price movements.  Straight
up,
> >then straight down.  Does it do that?  If not, what would?
> >
> >
> >All the best,
> >
> >The Omega Man
> >
> >
> >
> >----- Original Message -----
> >From: Jose Ramon Diaz Serrano <jrdiaz@xxxxxxxxxxxx>
> >To: <omega-list@xxxxxxxxxx>
> >Sent: Wednesday, June 09, 1999 7:03 AM
> >Subject: Drummond geometry
> >
> >
> >> Hi traders,
> >> I have received the demo Cd of Drummond Geometry Theory and it seems to
> >> be interesting (as well as different). I would like to know if someone
> >> has experienced with further lessons of the course (demo version just
> >> include the first one) and can give to the list any comments of the
> >> course and share opinions. Thanks and happy trading
> >>
> >>
> >
> >Attachment Converted: "c:\valet\eudora\attach\PLDOT.ELA"
> >
>

Attachment Converted: "c:\eudora\attach\PLDOT2.ELA"