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Great Glen, Thanks!
Glen Wallace wrote:
> 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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