TheRumpledOne
6,407 posts
msg #116328
- Ignore TheRumpledOne |
10/29/2013 5:02:07 PM
WHY DO YOU USE INDICATORS THAT CHANGE VALUES WHEN PERIOD CHANGES?
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karennma
8,057 posts
msg #116330
- Ignore karennma |
10/29/2013 8:01:04 PM
Hi TRO,
Thanks for the video.
I ONLY use one minutes charts ... for that reason.
But, I'm prolly the dumbest one here, so what do I know!
:>)~
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karennma
8,057 posts
msg #116331
- Ignore karennma |
10/29/2013 8:05:38 PM
Holy Crap!
1,022 videos?
I didn't know you had a you-tube channel!
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Eman93
4,750 posts
msg #116334
- Ignore Eman93 |
10/29/2013 10:47:41 PM
Our job is to identify future price points where a change in direction or momentum will occur.
What causes price to change direction? (bullish example)
Buyers overwhelming sellers............but what causes buyers to take action? Price is only part of it..
A moving average. chart time frame, or any indicator are only variables in a very complex equation that pulls buyers into the market or makes sellers turn into buyers. I do not think indicators can be discounted all together.
An oversold RSI(2) of 0 on weekly, daily, hourly works..
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alf44
2,025 posts
msg #116336
- Ignore alf44
modified |
10/29/2013 11:56:27 PM
... just an FYI ...
NOTHING IS PERFECT !!!
In trading ... or, ANYTHING ELSE ... uhhh ... and that includes ... ah hem ... "horizontal lines" vs. "squigglies" !!!
We ALL know (or, should know) that ANY ... ANY indicator ... is a mere interpretation of past price action !!!
That said ... the implementation of MULTIPLE moving averages (of shorter / longer time frames) ... do a very good job of representing ... CHANGES in ...SHORT / INTERMEDIATE / LONG term trend !!!
YES !!!
They're "lagging indicators" ... understood ... nevertheless, they DO provide a "context" that has value. IMO
---
Avery ... I may be wrong ... but, I think everyone here understands what a freakin' Moving Average is/does ... and understands the benefits of them ...as well as, their shortcomings !!!
To preach otherwise ... as though we ALL just fell off the "proverbial turnip truck" ... is downright laughable !!!
With all due respect ... "ponder that" !!!
Regards,
alf44
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four
5,087 posts
msg #116337
- Ignore four
modified |
10/30/2013 12:12:37 AM
Some "moving" thoughts:
Gaussian Moving Averages and Semimartingales
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CCkQFjAA&url=http%3A%2F%2Fpi.314159.ru%2Fbasse1.pdf&ei=bIZwUpG6EKXKyQH07IHYDQ&usg=AFQjCNG-YHPfBHzecgTfJgyDFa6ZLobP7w&bvm=bv.55617003,d.aWc&cad=rja
Relatives of the moving average filter include the Gaussian, Blackman, and multiplepass
moving average. These have slightly better performance in the frequency domain, at the
expense of increased computation time.
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&ved=0CDIQFjAB&url=http%3A%2F%2Fwww.analog.com%2Fstatic%2Fimported-files%2Ftech_docs%2Fdsp_book_Ch15.pdf&ei=bIZwUpG6EKXKyQH07IHYDQ&usg=AFQjCNGMcWG1LyiEq5goJZnXy56sOq_Etg&bvm=bv.55617003,d.aWc&cad=rja
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Kevin_in_GA
4,599 posts
msg #116338
- Ignore Kevin_in_GA |
10/30/2013 7:15:17 AM
Simple solution - don't change time periods.
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Kevin_in_GA
4,599 posts
msg #116341
- Ignore Kevin_in_GA |
10/30/2013 8:53:23 AM
Look at P&F, Kagi and Renko charts as well. The application of indicators to these charts is essentially time-independent, but in general I have not seen much value when I play with standard indicators on these charts over at stockcharts.com.
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TheRumpledOne
6,407 posts
msg #116391
- Ignore TheRumpledOne |
10/31/2013 5:47:50 PM
WHY DO YOU USE INDICATORS THAT CHANGE VALUES WHEN PERIOD CHANGES? PART 2
http://lessons.tradingacademy.com/article/system-trading/
Look at these charts:
http://charts.mql5.com/2/919/audusd-w1-fxdirectdealer.png
http://charts.mql5.com/2/919/audusd-d1-fxdirectdealer.png
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alf44
2,025 posts
msg #116398
- Ignore alf44 |
11/1/2013 12:11:55 AM
... is that a bullet hole in the door behind you ... above your right shoulder ?
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