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Re: indicators identifying congestion



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   Chuck or anyone else,

  What would be the ELA code to plot something like this, on charts?

   Thanks,

At 01:18 PM 1/28/00 EST, you wrote:
>In a message dated 1/27/00 7:29:00 PM Pacific Standard Time, 
>marting@xxxxxxxxxxxxx writes:
>
><< It appears that the atr inrelationship to the ave close during this
> period may play a role.
> Martin Graffman >>
>
>
>Good idea.  How about something like this: Take the high and low of the last 
>10 bars and if they are less than 2 Average True Ranges apart you have a 
>congestion.  (Just guessing at the 10 and 2 values.)
>
>Chuck
>
>
>