a trading strategy based on Elliott Wave Theory - page 140
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I think this is a very valuable point!!! Maybe it makes sense to normalize the price spread, for example by the average price for the last month or two and then calculate the normalized value of the spread for a series of bars. I will try to improve the indicator in the nearest future according to this principle.
I have finalized the indicator according to this proposal. I will post it now. If you used an indicator of a previous version, you should perform the forced recalculation of values when you run the new version (force_recalculation=true) not to wait for the next day.
Below are screenshots for the new version of the indicator for comparison with the first version.
http://citeseer.ist.psu.edu/ and search for:
Graph pattern recognition algorithm
Elliott Wave Theory is about patterns in price. The price is representing as chart (price in time)-graph.
Elliott Wave Theory identifies patterns-Impulse, ZigZag, Flats... that are within price. How-
Fibonacci retracement. Then found waves are plotted in probability order, but this is very difficult to make (to make a decision witch movement is next or 100% "SURE". So what I suggest is better to solve that problem if consider chart as graph and found patterns according to graph theory. Maybe (?) it will be more accurate and decision will be strictly mathematical?!
By the way, a friend of mine from Ireland (she's lived there for five years now) says that native speakers don't say may be, but probably. Is it sure?
"Hi Dave,
I'm sure that combinatorial graphs can be used to find patterns
within market charts. I would also guess that work on this topic has
been done.
Janet Six "
What do you call the term combinatorial graphs ? If what Candid wrote
you can hardly use this for pattern recognition. A network of vertices can be connected by all sorts of lines, which will form closed loops among other things. Whereas a price chart is a simple single line because there is only one price value for each moment of time. In terms of graph theory (combinatorial graphs), such a line is the most primitive object. I don't think anything can be done about it.
Besides, a graph (combinatorial graphs) has a constant spatial structure. A price chart constantly changes in time.
But this is all IMHO. If this question is relevant to you, you'd better ask specialists in the field of combinatorics and graphs. Janet Six, for example. If she is sure that "that combinatorial graphs can be used to find patterns within market charts" and that "that work on this topic has been done", let her give the link.
I must say that my ideas about graph theory are rather superficial, and they consist in that this science is interested mainly in the topology of sought objects. The topology of the pattern itself is too simple, i.e. most likely not interesting for graph theory. In principle, we can imagine that we have formalized (encoded) standard patterns and try to look for them on a graph. Specific parts of the graph can be identified with more than one pattern. Further, the patterns themselves, if they are some kind of primitives, can be related to each other. In this way we get an object, perhaps similar to what graph theory does. It's a lot of work, and it's not clear whether such an approach will yield anything
What do you call combinatorial graphs ? If what Candid wrote
I didn't write that, there's a link :))
Basically yes, it is easy to establish that there is a Janet M. Six and she does deal with graphs. Nevertheless, simple statements are not enough. It would be good to get at least brief considerations that became the basis for the conclusions. Or indeed, a specific reference, if not to a solution, then to a potential "key" to enter the problem.
It is about FRACTALS.
Fractals are part of combinatorial graphs. So you better be more prepared when you speak.
If you want to "scalp" read something before.
http://www.math.utah.edu/vigre/reu/reports/harris_fall2005.pdf#search=%22%20Ralph%20Nelson%20Elliott%20elliott%20wave%20theory%20%22
No way! Too late to deny it now! :))