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Regarding ongoing discussions involving <valiall@xxxxxxx>,
<carlvan@xxxxxxxxxxxxxxx> and others on exactly what was meant by
the HTLT indicator, from private communications I had with
<bgh@xxxxxxxxxxx>, he intended that it be the midpoint between
(a) the highest high of the last 10 days, and
(b) the lowest low of the last 10 days.
The last 10 days consists of today and the previous 9 days. That is,
HTLT = ( max(H0,H1,...,H9) + min(L0,L1,...,L9) ) / 2
where H0 is today's high, H1 is yesterday's high and so on. Similarly,
L0 is today's low, L1 is yesterday's low and so on.
HTLT, itself, is an acronym for High Ten Low Ten.
Louis Kates
lkates@xxxxxxxxxxxxxxxxxxxx
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