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Re: [RT] No Predictive Power, But....



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Hello Ernie,

Sunday, February 16, 2003, 8:44:03 PM, you wrote:

EB> List,

EB> Here's a couple of items that might interest this board:

EB> In  terms  of  ~2  days swings, the channel indicator, shows
EB> that  we  have  entered into an overbought situation or that
EB> we're  at  the  start of a steady uptrend. Secondly, the bbc
EB> indicator  also  shows Overbought. The bbc attempts to track
EB> those 1.5 to 2.5 day swings. The bbc range goes from ~6.0 to
EB> ~-6.0 and it is currently sitting at an oversold level and I
EB> am  waiting  for  it  to  turn  sometime on tuesday or early
EB> wednesday. The down turn may be weak, I cannot predict this.

EB> A  bit  more  on  the  channel indicator, it is based on the
EB> Probability  Channel  indicator  recently  posted by BobR. I
EB> modified it to generate channels on intra day charts. I used
EB> the  Hilbert Transform to make it a bit more adaptive. Email
EB> me    should   you   want   easylanguage   code   for   this
EB> "Probability/Hilbert channel" indicator.

EB> The buy/sell signals are based on the bbc turns. Because bbc
EB> is  a  complex  piece  of  code,  I am not able to make this
EB> indicator/strategy available, but I can post its status from
EB> time  to time as necessary. If the markets are swinging this
EB> is  an  OK  to  good indicator that help me get in the right
EB> frame of mind.




EB> Regards,
EB> Ernie
EB> ebonugli@xxxxxxxx

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Please send me the code for the indicator

-- 
Best regards,
 Roger                            mailto:mailrs@xxxxxxxxxx



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