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Brent and Walt,
What I have been wanting to develop but do not know how to program an ela
for is a System that would back test to find the average number of bars in
the Swing Highs to Swing Highs and Swing Lows to Swing Lows with in a
defined range (for example 16 to 24 bars, if outside of 16 to 24 it would
not count it) the 16 and 24 would be input parameters. Then I would like to
have an Indicator that would plot the swing highs and swing lows by placing
the number value in bars above the swing highs and swing lows. A trader
could use this to look ahead to anticipate a short term trading bottom or
top.
Dennis
-----Original Message-----
From: Walt Downs <knight@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Monday, November 02, 1998 10:40 PM
Subject: Re: Gen: S&P research and possible Senerio.
>Brent,
>
>Don't have an ELA file, but studies say 6 days in the
>SP500 from high to low swing...
>
>Walt
>
>BrentinUtahsDixie wrote:
>>
>> RT's,
>>
>> First has anybody ever done any research on the average number of days
>> between swings on the S&P/Dow or even better does anyone have an .ela
>> that shows this?
>>
>> I was just eyeballing the S&P chart and getting a chuckle out of my
>> thoughts. OK here is the set up. Tomorrow the Spoo quickly jumps up to
>> the .7860 retracement(at 1150.00) and then falls back to about 1138(a
>> .7442 %R) late in the session. That puts most of my OBOS indicators at
>> over bought. Wednesday we have an inside bar and the fist day after
>> the Tuesday pivot. Well it could happen:-)
>>
>> Brent
>
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