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Re: amazing indicator in TS...could the holy grail be that simple???



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>I`m wondering: what`s the catch...?

Why not test it and see?

Input: Length(10),x(50);
IF PercentR(Length) > x then buy;
IF PercentR(Length) < x then sell;


>knowing how a simple code(probably somewhat different from what`s in TS)

I hear it used to be a MACD system.

BW


>From: Feivy <shraga@xxxxxxxxxxxx>
>To: "omega-list@xxxxxxxxxx" <omega-list@xxxxxxxxxx>
>Subject: amazing indicator in TS...could the holy grail be that simple???
>Date: Tue, 22 May 2001 07:58:13 +0200
>
>(Second try. If this is a double message please ignore...)
>
>Hi all,
>
>A while back someone posted an asctrend "clone" ela, which he claimed
>was almost the same as the real one. After playing around, I found that
>the same code was actually allready in TS, as >r and <r in the showme`s.
>Now, looking at my S&P intraday chart, the result looks extremely
>impressive,especially after changing the default a little(50 for the
>x-value in both showme`s).So I`m wondering; could it be that everyone is
>just looking for too complicated ways of trading, while the answer to
>good money is something as simple as that showme? Could it be that the
>makers of Asctrend are actually laughing their way to the bank, knowing
>how a simple code(probably somewhat different from what`s in TS) is
>making them sell expensive systems? I`m looking at my charts, in
>different time intervals, and I`m wondering: what`s the catch...?
>
>Philip
>
>