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Jan, what is a "W/M"?
Dan, you can create the custom indicator in MetaStock by copying and
pasting the following code:
Periods:= Input("Enter number of periods", 20, 60, 20);
UpperChannel:= Ref(HHV(HIGH, Periods), -1);
LowerChannel:= Ref(LLV(LOW, Periods), -1);
UpperChannel; LowerChannel
Hope this helps.
----- Original Message -----
From: Dan Cash
To: realtraders@xxxxxxxxxxx
Sent: Monday, October 09, 2000 11:12 PM
Subject: Re: [RT] Donchian Channels
Has anyone created Donchian channels for Metastock? It would be interesting
to look at.
Dan
JHP wrote:
RT, I see much interest, all of a sudden, in Donchian channels. As someone
mentioned,they've been with us for a long time as have Keltner channels and
Stoller and Bollingerbands, each based on different principle, but all
producing similar results.All can be used in conjunction with John Bollinger
W/M method, but even better,they can be applied to the indicator ( e.g. RSI)
rather than to the market and if youadd W/M to it, you get a pretty good
system. Jan Philipp
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