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<FONT face=Arial color=#0000ff
size=2>Although he tested 62 patterns, only 57 of them actually occurred in his
very large data base. The results for 141 data series [the s&P 100plus
41 future contracts] were tabulated for prediction intervals of 3,5
and 7 days.
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He
concluded that there were at best 20 useful patterns.
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His
main contribution was to introduce Candlestick filtering and establish that
large performance improvements could be realized by appropriate filters. He
evaluated the filtering efficacy of most of the common TA
indicators.
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FWIW I
consider his book far meatier than either of Nilson's books.
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<FONT face=Arial color=#0000ff
size=2>Bob
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<FONT face="Times New Roman"
size=2>-----Original Message-----From: wavemechanic
[mailto:wd78@xxxx]Sent: Wednesday, October 10, 2001 7:32
AMTo: AmiBroker, yahoogroupsSubject: [amibroker]
Candlestick Statistics
There was a discussion a week or so ago regarding
candlestick statistics. I was advised yesterday that candlestick
statistics are available in Morris' book Candlestick Charting Explained.
If anyone has the book, could you please advise if this is the case (would be
worthwhile). Bulkowski's Chart Patterns has a couple of patterns, but
Morris supposedly covers about 62.
BillYour
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