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For a % of range indicator like stochastics, I'm not sure I
understand the logic. SqRt of price still has the same
proportionality relative to the range of the last X bars as does raw
price, doesn't it? Am I missing something?
Regards,
Chris
--- In realtraders@xxxx, Don Thompson <detomps@xxxx> wrote:
> It was fairly easy to make a square root stochastic in Ensign.
>
> The basic concept is to convert the Stochastic high and low range
to a
> square root value.
> Then as the last gets printed for that bar, the close is converted
to a
> square root and plotted as
> a percentage of the square root range.
>
> It appears to cross over about a bar quicker than standard
stochastics.
>
> For what its worth.
>
>
> Don Thompson
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