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Alexander Elder's Channel

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  • First Post: Feb 22, 2010 12:10pm Feb 22, 2010 12:10pm
  •  Caesar95
  • | Joined Oct 2009 | Status: Member | 167 Posts
Hey guys,

Alexander Elder mentioned in his book "Come into my trading room" about an EMA channel that is use to measure performance grade of a trader. I created 2 EMA for open and close set at period 4. Although it covered most of the candles but I wonder if it's the right way to do it. He also mentioned that the channel must cover "95%" of the prices but how do one measure the coverage in percentage?

Anyway actually created this channel to measure your performance grades? I don't trade indicators but PA btw.
"Nature's law" is called "Reason". When perfectly understood by human it is
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  • Feb 23, 2010 5:46am Feb 23, 2010 5:46am
  •  Caesar95
  • | Joined Oct 2009 | Status: Member | 167 Posts
bump
"Nature's law" is called "Reason". When perfectly understood by human it is
 
 
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  • Last Post: Jun 21, 2010 7:03pm Jun 21, 2010 7:03pm
  •  trader07
  • | Joined Jan 2007 | Status: Member | 338 Posts
I was wondering the same thing... Did you get the answer to this?
 
 
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