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Ron,
For a number of years I have used something similar.
I compute the average of the Highest High and Lowest
Low ( (hh+ll)/2 ) and compare that against the close.
I also use the high and low for the day in question.
A simple system calls to execute trade at next open either
long or short (basically a SAR system).
I have added a dollar money management stop for days
AFTER the date of entry.
I am attaching a TS/SC .ela file for those who have
an interest.
OEX Option traders should pay close attention.
Clyde Lee
Ronald McEwan wrote:
> The HTLT indicator is constructed by plotting the Extreme high and low
> for
>
> I used the following formula in excel to calculate the HTLT:
>
> =MEDIAN(MAX(Hi Today : Hi 10days ago),MIN(Lo Today : Lo 10days ago)
>
> Plot this along with the close. I think this is what BG is saying in this
Attachment Converted: "c:\eudora\attach\Hhllaveg.ela"
Attachment Converted: "c:\eudora\attach\vcard65.vcf"
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