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The band percentage is set by the "K" input which is defaulted to 1.0. 80%
bands just means K=0.80.
bobr
----- Original Message -----
From: "John Clemens" <jbclem@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>; <MedianLine@xxxxxxxxxxxxxxx>
Sent: Monday, August 27, 2001 3:10 PM
Subject: Re: [RT] Gen - EWosc suggestions
> Bob:
>
> I couldn't find the ELA for the EWOsc you mentioned being posted. I have
> the 5/35 osc programmed, but I'm not sure what the 80% bands are that you
> mention. Would you might posting the ELA again, or sending it to me(I'm
> assuming that you were the one who posted it).
>
> Thanks, John
>
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>; <MedianLine@xxxxxxxxxxxxxxx>
> Sent: Saturday, August 25, 2001 3:31 PM
> Subject: [RT] Gen - EWosc suggestions
>
>
> > Here are some suggestions to consider on use of the EWosc posted
> yesterday.
> > Other input is welcome.
> >
> > 1.
> > Use the (H+L)/2 input when price levels in the data set are in the same
> > ballpark as in intraday data, and use Log((H+L)/2) when they are in
> > different ballparks such as on daily or weekly or monthly charts when
the
> > data set goes back years and decades.
> > 2.
> > Set the K input to 0.8 for "80%" bands. The default is 1.0 or "100%"
and
> > you may want to leave it there too for different instruments. The bands
> are
> > considered strength or breakout bands. Lower levels trigger earlier
> > breakouts.
> > 3.
> > Insert the EWosc 3 times and use 3 different length inputs. These
lengths
> > were for 60 minute bars and day bars, but may also apply to shorter
> > intervals.
> > 5/17 for scalpers and little guys with tight stops
> > 5/35 for position traders of 1 to 2 days
> > 10/70 for commercials
> > 4.
> > Lay horizontal lines at the -1.4 level when the trend is up. Place it
at
> > +1.4 when the trend is down. This line is the "shakeout" line for the
> > little guys when the commercials are jerking price around for
positioning
> > like occurred on Friday. When the Little Guy is shaken out but the
> > Commercial Osc is still above the -1.4 and turns up and crosses zero and
> > then crosses the upper breakout band like on Friday, well, you get the
> > picture.
> > 5.
> > When the Commercial Osc is above the upper band, price is in wave 3.
You
> > want to be long in wave 3 and ride with the commercials as they are in
> > control. Watch for divergences between price and the Oscillators
> indicating
> > the end of wave 3.
> >
> >
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> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
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http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
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>
>
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>
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