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Re: FUTR bgh clarifying the HTLT indicator -Reply



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Steve,

    I have attached the code I wrote for TradeStation.  I hope it is useful to
you and others.  In the calculations, the way I interpreted them was to take
the Highest high and the Lowest low for the last 10 day period and compute the
midpoint for this.  It looks as if it keeps you with the trend most of the
time.   Hope I am correct in my intrepretation.


John


Steven C. Walker wrote:

> If you dont't compute a 10 day moving avg of the midpoint, then what is
> the significance of a 10 day lookback vs today and yesterday?
>
> >>> "bgh" <bgh@xxxxxxxxxxx> 09/16/97 11:07pm >>>
> The HTLT indicator is constructed by plotting the Extreme high and low



Attachment Converted: "c:\eudora\attach\H-lrange.ela"