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Re: Will Schmidt's Software /done as indicator in ela code



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In a message dated 1/11/99 1:15:59 PM Eastern Standard Time,
sbook@xxxxxxxxxxxxx writes:

<< Schmidt's core indicator is based on a refinement of On Balance Volume.
 Daily volume is adjusted by a factor determined by the position of the close
 in relation to the range. This concept is not original to Bill.
 
 Strong accumulation is indicated when a moving average of this series is
 positive for about six months; the stock is expected to significantly out
 perform the market over the next six months to a year. Moves of 50% to 100%
 or more are typical. The converse would be true for distribution. I think
 Bill originated this concept. >>

good morning
does anyone care to share this  ela file privately or to the list

happy trading
Ben