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[amibroker] The [unknown] next bar Support



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Here is my first attempt to predict the next 
bar Low.
The statistical results are not bad at all.
In the attached gif, next bar candles are plotted together 
with todays Support prediction for tomorrow
[the last candle is missing, since it is not known 
yet.]
The support line is green when we predict tomorrows Low with 
less than 2% error
For ^NDX it was possible 148 from the last 200 bars [74%] , 
from the end of last Aug.
For AMGN it was the 84%
71 stocks of the N100 database obtained less than 2% Low 
approximation for more than the half of the 200-bar test period.
How about a less than 1% error between the predicted and the 
actual Low?
For ^NDX it was possible the 48% of the last 200 
bars.
9 stocks were between 50% and 60% of this period.
The decay rate was not dramatic, 34 stocks were "less than 1% 
correct" more than the 40% of their trading bars.
Instead of various artificial [and many times unrealistic] 
Support levels [previous supports, Fibonacci supports, even trendlines 
supports]
is it better to *know* next bar Low with less than 2% error 
for the majority [71%] of the stocks ?
Think about...
Dimitris Tsokakis
 






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