Re: Zen in the markets, Exit signals,

[Bob Hunt <RHunt.066@xxxxxxxxxxxxxxxx>]

chadncolga wrote: 
> Bob what type of average is the pink line on your chart, it looks
> interesting. Please let me know.
---------------------------------------------------------------

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"