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The Camarillo Equations will come this week-end. But here is a system
variation of it devised by an infamous poster on this list. I am not
a programmer so I will leave any changes to you. This method uses the
Resistance alone and takes into consideration only the sell side.
When you get the equations you will be able to do both sides.
value1=(((H/L)+.83)/1.83)*c ; {level 4 resistance} {SELL STOP
LOSS}
value2=(((H/L)+2.66)/3.66)*c ; {level 3 resistance} {SELL ENTRY
SIGNAL}
value3 =CLOSE -value2;
value4=CLOSE -value3;
value5=CLOSE - value1;
value6=CLOSE - value5;
If there is a break out of = 10 points above level 4 Buy.
I can not vouch for the profitability of this particular model. When
you have the whole equation you will be in a better position to test.
You will also be in a better position to select the most volatile
markets like the Nas and S&P or oothers [except on inside days] at
which time you will see the narrowness of the numbers between the S
and R at the entry levels.
This may be a bit confusing but when you have the whole equation with
rules it should be clear.
John
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