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Ian:
>A conundrum, then...
Sort of. I can't shake the feeling that I've seen this sort
of thing before, and knew how to calculate the trigger lines.
Unfortunately I can't. I downloaded the 5-year history into Excel
and did some experiments. I first thought they were pivot-point
levels, but they're not. They use the direction of the bar somehow:
if it's a "down bar" (i.e. close<open) then the trigger point
projections are down, if it's an "up bar" the projections are up.
>I think the animation is a bit misleading. I think it was done for
I didn't see any animation. Proxomitron filters those out for me and
converts them to links. Ah... yes, not particularly useful.
>effect, not necessarily to show 'proper' trades. I assumed it was using
>price projection (rather than bands) but I could be wrong. Was hoping
>the collective might of the assembled could shed some light.
It *is* using price projection. Just the fact that an up bar gives
an upward projection and a down bar gives a downward projection
should tell you that.
-Alex
>> Ian:
>>
>> >Anyone any ideas...?
>>
>> I was hoping somebody would answer.
>>
>> I have no idea. When I first looked at it, it looked a lot like a
>> system I once created that made a measurement of market noise and from
>> that created bands above and below the bars.
>>
>> Looking at the charts, I can't see how it's profitable following the
>> rules. The rules say, sell the next open if current bar touches
>> the inner high band, and exit when it touches the upper high band.
>> Looks like most of those would be losers, to me, unless I'm missing
>> something.
>>
>> -Alex
>>
>> >> Has anyone looked at the system in this link:
>> >>
>> >> http://www.newmarketsoftware.com/spotlight.htm
>> >>
>> >> It has a very impressive track record - but then, what system
>> >> promoted on the web doesn't? - but I've been trying to work out
>> > what >it does. The link takes you to a little animated
>> > demonstration.
>> >>
>> >> At first, I thought it looked a bit like Drummond's PLDot and then
>> > I >thought it's using projections so I experimented a bit with MAs
>> > and >Least Squares MAs but couldn't quite put together anything
>> > that seems >to work.
>> >>
>> >> Can anyone tie it down a bit more accurately?
>> >>
>> >> Ian
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