in Search

NASDAQ Broad Market Indicator - MS 10.1

Last post 03-03-2009, 21:31 by KlinK. 0 replies.
Sort Posts: Previous Next
  •  03-03-2009, 21:31 29087

    NASDAQ Broad Market Indicator - MS 10.1

    Decided to check the Expert in the Nasdaq composite Tape Index (Nasdaq BM indicator) in MS 10.1 compared with the same one described in the training CD and workbook titled "Finding the Right Trades with MetaStock".  I don't think the bullish/bearish trends are calculated the same.  The book says that the bull/bear trend is determined when the tape index medium term rises or falls below the Bollinger Bands whereas in MS10.1 the bull/bear trend appears to be calculated using the tape index short term without the use of Bollinger bands.  Am I correct?  Has there been some analysis to prove that the Nasdaq BM indicator in MS 10.1 is better than described in the workbook?

View as RSS news feed in XML