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>From: "Jody Ellis" <ellis_jody@xxxxxxxxxxx>
>To: omega-list@xxxxxxxxxx
>Subject: Re: Angles
>Date: Mon, 29 Oct 2001 10:59:20 +0000
>
>
>Thanks to all of those who responded, I really appreciate it.
>
>However, I still didn't find a solution. What I think will work almost as
>effectively is dividing the price change by the average true range of the
>market. Something like:
>
>Value1 = (Close - Close[1]) / AvgTrueRange(50);
Bill's Psychic Hotline: Maybe you want a variation of ROC?
>
>This gives me kind of what I want, which is a way to measure the speed of
>the market, but it won't be quite as standard as just measuring the angle
>between the two closes, because different markets have different levels of
>volatility.
Angles will be uncomparable even if you just rescale the SAME chart
of the SAME market.
BW
>
>I'll keep trying though, and let you know if I do it.
>
>Thanks.
>
>
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