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Based on reading the book, PPS Trading System, I constructed two
paintbar studies to depict the trend. Blue bars constutute and uptrend,
and Red bars constitute a downtrend, and bars without color bars are neutral.
The study uses short and longer term moving average slopes in determination
of trend. The studies are very reliable, and outperform a similar study
provided by the ASCTrend software package.
Happy trading,
James
TechTrading.com
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At 06:25 PM 1/2/00 -0500, Tom Alexander wrote:
>Try this; put a 50 bar daily moving average on the
>index/commodity/future/stock of your choice. If price is above it, the
>trend is up. If price is below it, the trend is down. Of course, one could
>always use a 51, or 52, or 53 bar moving average. However, the COLOR of the
>moving average is very important, but that is proprietary information that
>unfortunately I can not share.
>
>Regards,
>
>Tom Alexander
>
>
>>
>> ----- Original Message -----
>> From: John Hayden <sente@xxxxxxxxxxxxxx>
>> To: <realtraders@xxxxxxxxxxxxxxx>
>> Sent: Sunday, January 02, 2000 12:14 PM
>> Subject: [RT] determining the trend
>>
>>
>> > Hi RT's
>> >
>> > I have recently written a short article titled: Trend Determination - a
>> > Quick, Accurate, & Effective Methodology. My goal is to demonstrate how
>to
>> > quickly determine the current trend, and how to determine when the
>> existing
>> > trend could be about to change. If you are interested please send me a
>> > private e-mail with <trend article> in the subject line, and I will
>> forward
>> > it to you. It is a .pdf file, 561kb long - a bit too long to attach to
>> this
>> > e-mail.
>> >
>> > Happy New Year,
>> >
>> > John Hayden
>> >
>> >
>> >
>>
>
>
>
>
Attachment Converted: "f:\eudora\attach\Ppstrend.ela"
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