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In a message dated 98-05-03 23:59:54 EDT, lwright@xxxxxxxxxx writes:
<< On Sun, 3 May 1998, BobRABCDEF wrote:
> There are several ways to use the Odds cones. One is backward looking
using
> historical data. The other is forward looking using implied volatility.
> These numbers use implied volatility. Specific instructions are available
in
> the MetaStock manual.
Perhaps you could explain how it is done, for us non-Metastock folks...
Thanks,
Larry
>>
There is no easy language code that I am aware of that can duplicate this
function as MetaStock does it. I did see something similar on the
omegalistserver at one time, and did not find it of use as omega software
does not plot into the future as MetaStock does. Maybe TS V5 will do it.
There really isn't much to explain about the use of the ODDS indicator. You
either select a period of time over which historical volatility is calculated
or you input a volatility guesstimate and the software plots the probability
cones. I don't know what the formulas are. I suspect an options manual might
have something. Maybe it could be done in Excel. Sorry, I can't be of more
help on this.
BobR
BobR
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