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Arne Gronfeldt Indicator To: metastock list <metastock-list@xxxxxxxxxxxxx> Subject: Arne Gronfeldt Indicator From: Philip <pschmi02@xxxxxxxxxxx> Date: Mon, 09 Jun 1997 11:39:32 -0400 Resent-Date: Mon, 9 Jun 1997 10:10:19 -0600 Resent-From: metastock-list@xxxxxxxxxxxxx Resent-Message-Id: <"uNr32.0.AA2.gh2dp"@mail.equis.com> Resent-Sender: metastock-list-request@xxxxxxxxxxxxx Greetings, I ran across an indicator attributed to Arne Gronfeldt by a system seller named John Riley (System 2000). I'm not about to buy his system, but the the indicator he describes claims to project the next day's High/Low. Has anyone had any experience with it? For the next day's Low: 1. add today's H + L + C, then divide the sum by 3 2. multiply the total by 2 3. from that figure, you subtract today's High. For the next day's High, the formula is the same, except that in step 3 you subtract today's Low. I haven't tested this indicator extensively, but I dropped it on July sugar, and it looks like the fast track to the poorhouse. Have I just wasted 45 minutes of mine time - and 45 seconds of yours?? Philip |
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Next Day's High & Low Price Target {Next Day's High Price Target} (( h+2*l+c)/2-l); ((2* h+l+c)/2-l); (( h+l+2*c)/2-l); {Next Day's Low Price Target} (( h+2*l+c)/2-H); (( 2*h+l+c)/2-H); (( h+l+2*c)/2-H) |
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