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It is on page 91 in the new edition. Kaufman's book is, in my opinion,
outstanding. Probably not the best book for the beginner at technical
analysis but certainly a wealth of information for someone versed in tech
analysis and comfortable with math.
Karl
-----Original Message-----
From: Mark Johnson <janitor@xxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Friday, November 05, 1999 9:11 PM
Subject: PGtrend_osc for TS2000; PUZZLE SOLUTION
>The system is called "volatility bands" and it
>appears in Perry Kaufmann's book "Commodity
>Trading Systems and Methods" (page 76 of the
>1987 edition).
>
>In this case, volatility is measured as the
>exponential moving average of the "TrueRange".
>
>Of course, serious TA students will also notice
>that the act of "turning a volatility bands
>trading system into an oscillator" has been
>done before. John Bollinger turned his Bollinger
>Bands system into an oscillator called %B .... when %B
>is equal to +2.0, it means that price is
>2.0 standard deviations above the moving
>average.
>
>Here we are doing "XMATR Bands" and turning
>it into an oscillator. Tip o the hat to
>John Bollinger.
>
>But honestly, who gives a rat's ass what NAME
>you call it, or which author published it in
>what year, or how many keystrokes it takes to
>describe the system to TradeStation? The bottom
>line is, it looks Pretty Good. In backtesting
>it grew $80K to $88 million using 100% mechanical
>signals .... pretty good.
>--
> Mark Johnson Silicon Valley, California mark@xxxxxxxxxxxx
>
> "... The world will little note, nor long remember, what we
> say here..." -- Abraham Lincoln, "The Gettysburg Address"
>
>
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