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Tim,
You have asked of example on how I use Live Angle
vs. the formula I used in the past.
The example I will use is Nasdaq comp. up to
date:
Live angle calculated form the major high on
3/10/2000 5132 to the major low on 4/4/2001 is 9.007
The old way calculation : major high 5132
3/10/2000
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2nd major high 4289 7/17/2000
5132-4289=843
The difference between 3/10/2000 and 7/17/2000 is 88 trading
day so 843/88=9.58 which is close to the compute result of 9.007
Attached is gif for the nasdaq up to date, look how
nasdaq is following angles strictly, I would not ask more accurate indicator
than this.
A lot of traders on this list worry about
the market whether DJIA, NASDAQ or others the trend will go up down or
sideway, who cares, we will trade it whether up, down, sideway. The only way we
can not trade it is when it is flat dead.
Guys relax, don't become the market and if you do
you will lose because other trader will take the other side you
take.
Regards,
Haytham
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