|
PureBytes Links
Trading Reference Links
|
In a message dated 5/27/00 1:25:40 PM Eastern Daylight Time,
dennis@xxxxxxxxxx writes:
<< Interesting chart, Ben. Could you tell us how those numbers are
calculated? Just eyeballing it, it looks like volatility bands, i.e.....
center line = price - average
upper line = x STD dev
lower line = -x STD dev
Thanks,
Dennis
>>
Hello
The center line is the closing price of the nya,
The upper line is the MAX momentum the market can achieve in 15 buss
days
The lower line is the LOWEST the market can go in the next 15 days
ONLY the center is price. the upper and lower are from MOMENTUM numbers,
the numbers going from one to 45 is calendar days
This is a tool. when my indicators are oversold AND this is close
to the bottom we get a rally
hope this helps
Ben
|