Looking for patterns - page 197
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There is a cause and there is a consequence.
I just wanted to show that the cause of change of absolutely any indicator is the same. regardless of the types and methods of calculation and even if they are based on open or close prices.
All indicators are written on the same principle, which is price: open, high, low, close, anywhere and everywhere.
Principle / algorithm and input data are different)
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I hope you were talking about the indicators showing essentially the same signal, no matter how tricky it is?
Right.
The only question is what the signal (the initial one generated by the price itself) gives, and whether it can give anything at all.
The first question is worked out by algorithms of order operation, the second question is worked out by pure statistics.
In essence, statistics comes first, followed by algorithms. Otherwise nothing will work.
Right.
The only question is what the signal (the original one generated by the price itself) gives, and whether it can give anything at all.
Right.
The only question is what the signal (the original one generated by the price itself) gives, and whether it can give anything at all.
It's a bit confusing to call a signal a stable price behaviour. Repetition is stability. It is confusing. Signal
stable price behaviour,repetition is stability - in reality almost non-existent.
A signal- well, call it an event. Whatever is convenient.
stable price behaviour,repetition is stability - in reality almost non-existent.
A signal- well, call it an event. Whatever is convenient.
A trend can be identified by TREND INDICATORS...
Zig-Zag and Fractal have nothing to do with trend indicators.
Absolutely agree with you. Zig-Zag is a market analysis tool on history. But what do you mean by trend indicators is not quite clear to me. Apparently, they are indicators that tell you whether or not to put your foot under the descending knife.