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chadncolga wrote:
> Bob what type of average is the pink line on your chart, it looks
> interesting. Please let me know.
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Yes, I thought the same. It's still in its evaluation stage for me,
though.
It was a contribution to the Code-list as detailed below. I have also
attached the ELA.
I suggest you read the Sept '98 TASC article for further details on
how best to use it.
Enjoy!
Bob Hunt
E-Mail: RHunt.066@xxxxxxxxxxxxxxxx
Web Site: http://home.att.net/~rhunt.066
********************************************************************************************************************************
Indicator : Abraham Trend Indicator
Last Edit : 12/31/98
Provided By : Massimo Ciarafoni
Description : This is my implementation of Abraham's
Trend
indicator as in S&C Sept 98 issue.
**********************************************************************************************************************************}
Inputs:AtrMult(3),AtrLen(21);
Vars:HClose(-99999),LClose(99999);
Value1=AtrMult*WAverage(TrueRange, AtrLen);
HClose=IFF(C>HClose,C,HClose);
LClose=IFF(C<LClose,C,LClose);
If CurrentBar=1 then Value2=HClose-Value1;
If C < Value2 then begin
Value2=LClose+Value1;
HClose=C;
End;
If C > Value2 then begin
Value2=HClose-Value1;
LClose=C;
End;
If CurrentBar>1 then Plot1(Value2[1],"Volind");
Attachment Converted: "c:\eudora\attach\TRENDRDR.ELA"
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