Squat Bar Indicator

Discussion in 'Trading Software' started by KiasuTrader, Jan 28, 2004.

  1. KiasuTrader

    KiasuTrader

    I was just wondering does anybody have the Trade Station formula to Bernie Mitchell's Squat Bar Indicator?

    If so could you post it?

    Does anybody use this indicator and if so have you found it pretty reliable?

    Thanks,

    Kiasu Trader
     
    #1     Jan 28, 2004
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  2. opmtrader

    opmtrader

    Could you explain the indicator? It has a curious name.
     
    #2     Jan 28, 2004
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  3. pspr

    pspr

    I've seen this for Metastock:

    {This formula is an example of the Bill Williams' Squat Bar using Variables}

    MarketFacilition:=(H-L)/V;
    IncreasingVolume:=V > Ref(V,-1);

    MarketFacilition < Ref(MarketFacilition,-1) AND
    IncreasingVolume
     
    #3     Jan 28, 2004
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  4. nkhoi

    nkhoi

    #4     Jan 28, 2004
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