Hello, It's been along time since I've read Constance Brown's remarkable book Technical Analysis for the Trading Professional and i've been thinking about the indicator mentioned in that book named Composite Index now and then. But i didn't manage to put it into a formula. Anyone have any ideas around here ? z.
The theory of the Composites is probably one of the most interesting in T/A. You will need a powerful software to apply this theory. Amibroker and Wealth-Lab can support these functions AFAIK. See more in http://www.amibroker.com/guide/afl/afl_view.php?id=7 http://www.amibroker.com/guide/a_addtocomposite.html http://www.amibroker.com/library http://www.wealth-lab.com/cgi-bin/WealthLab.DLL/getpage?page=IndexLab.htm
The most recent application is presented the 2nd part of my article in http://www.traders.com/Documentation/FEEDbk_docs/Archive/032007/Abstracts_new/Tsokakis/tsokakis.html