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FWIW: If you added the long, medium and short values for slope weighting
each value by the number of days and then dividing by the sum of the days
for each slope, you would have what I consider a superior version of Martin
Pring's KST indicator.
And don't forget, KST stands for "Know Sure Thing".
Ross Kovacs
rossrk@xxxxxxxxxxxxxx
(snip)
>
> lrslope-stddev plots the slope and std dev. of the slope. Inputs are
> days and the multiplier for the # of std deviations to plot the boundary
> lines. This gives you a "3-state" indicator for the trend - the trend
> can be up, down or neutral. (Weightedclose is used as price.)
>
> I've been plotting the last one on my charts using three different
> settings for days, to show the long, med., and short trend.
>
> Conrad Bowers
>
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