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Chande's Target Price

Chande's Target Price

A:=Mov(Abs(C-Ref(C,-1)),10,S);
TPH1:=C+A;
TPH2:=C+(2*A);
TPL1:=C-A;
TPL2:=C-(2*A);
TPH1;
TPH2;
TPL1;
TPL2;

 

e-w-Chande_Target_Price.gif
Owen Davies wrote:

Am I missing something, or does the following formula for Tushar Chande's target prices, pulled from www.guppytraders.com, forcast today's high and low only after today's close?

A:=Mov(Abs(C-Ref(C,-1)),10,S);
TPH1:=C+A;
TPH2:=C+(2*A);
TPL1:=C-A;
TPL2:=C-(2*A);
TPH1;
TPH2;
TPL1;

Somehow, I don't think that's what Chande had in mind.

Owen Davies


Re: Tushar Chande's target prices
--------------------------------------------------------------------------------
To: metastock@xxxxxxxxxxxxx
Subject: Re: Tushar Chande's target prices
From: HHP <hhp@xxxxxxxx>
Date: Thu, 16 Dec 1999 12:10:11 -0800
References: <002b01bf47db$0e285f40$0a637dc7@xxxxxx>
Reply-To: metastock@xxxxxxxxxxxxx
Sender: owner-metastock@xxxxxxxxxxxxx
--------------------------------------------------------------------------------

Owen,

A:=Mov(Abs(C-Ref(C,-1)),10,S);

This is a ten-day SMA of the day-to-day net change in closing prices, soI would take TPH1 and TPL1 as indicating the probable range of the next day's close; TPH2 and TPL2 might indicate the extreme range and could be used as an entry point in the desired direction or a stop in the undesired direction.

Could you give a reference for Chande? The web page is that of theISP; something additional is needed.

HHP
Source / From: TOP
http://www.guppytraders.com http://purebytes.com/archives/metastock/

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