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Bob has a new toy and that is all he wants to talk about.
I'm trying to convince him that the CR bars are not all that
important to TS users since by carefully selecting parameters
for P&F charts you can get about the same.
The attached shows something of this facility. The CR
chart was made using the file creation utility I mentioned and
you will note that each bar has a date attached.
A careful comparison of the Moving Averages should be
enough to convince you that P&F (which is available in TS)
CAN be used as a proxy for Constant Range bars and will
make almost all TS indicators available.
Clyde
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Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: clydelee@xxxxxxxxxxxx
7910 Westglen, Suite 105 Office: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
Details at: www.theswingmachine.com
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----- Original Message -----
From: "Jim Johnson" <jejohn@xxxxxxxxxxx>
To: "BobR" <bobrabcd@xxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, February 24, 2003 8:29 AM
Subject: Re[2]: [RT] EWOsc on 5 point Range bars
> Hello BobR,
>
> thanks for the info. I did read the SFO article when you (?)
> mentioned it a few weeks ago.
>
> anybody know how to get the TRadestation code for the method?
>
>
> Best regards,
> Jim Johnson mailto:jejohn@xxxxxxxxxxx
>
> --
> Monday, February 24, 2003, 9:17:20 AM, you wrote:
>
> B> Clyde's Norm Gap version of the EWOsc takes gaps into account so they
don't distort the oscillator plot.
>
> B> Constant Range Bars all have the same user selected point range. There
are several places to read about the Range Bars. One is in the February
issue of Single Stock Futures http://www.sfomag.com
> B> although the article's claim for fame is off the wall. The Range Bars
or Momentum Bars as the article calls them have been around for at least7
years. A Brazilian trader had requested Carlos
> B> put them in Fibonacci Trader some years ago. Cynthia Kase wrote about
Universal Bars in her "Trading With the Odds" in 1996. A brief description
as well as examples can also be seen at
> B> http://www.fibonaccitrader.com. Click on Range Bars. Another useful
feature in that software is the user option for Tick Bars created with
changed ticks only, i.e. unchanged ticks are ignored.
> B> The result is as in the Range Bars a reduction in plot congestion,
fewer whipsaws and cleaner moving average crossovers.
>
> B> ----- Original Message -----
> B> From: Trey Johnson
> B> To: realtraders@xxxxxxxxxxxxxxx
> B> Sent: Monday, February 24, 2003 5:53 AM
> B> Subject: RE: [RT] EWOsc on 5 point Range bars
>
>
> B> Hello BobR,
> B> What is Clyde's Norm Gap version, didn't see anything on his
website, and what are constant range bars?
> B> Thanks,
> B> Trey
> B> -----Original Message-----
> B> From: BobR [mailto:bobrabcd@xxxxxxxxxxxxx]
> B> Sent: Sunday, February 23, 2003 10:39 PM
> B> To: MedianLine@xxxxxxxxxxxxxxx
> B> Cc: realtraders@xxxxxxxxxxxxxxx
> B> Subject: [RT] EWOsc on 5 point Range bars
>
>
> B> Thought this might be of interest to some folks. Ran into a
programmer that
> B> can translate EasyLanguage into Fibonacci Trader code. Had him
convert my
> B> EWOsc version for TradeStation to an FT indicator and also had him
do
> B> Clyde's Norm Gap version. Since the Constant Range Bars show trend
quite
> B> well with less congestion than time bars, it was reasoned that the
EWOsc
> B> might also be useful on the CRB's. Anyway for what its worth,
attached is a
> B> chart showing this.
>
> B> bobr
>
>
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