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Sorry, Dimitris, but I don't see definitions.
This is only an example of exoteric charting that says just what it
says.
And anyway in a log chart the angle could be quite relevant.
Franco
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx>
wrote:
> OK, I have the ref now
> TASC, V12:5 [pp 218-221]
> The c-Test by William Eckhardt
>
> It is more than clear, when you read the text:
> "To determine why a coherency test is necessary, first we look at
> some charting procedures that we suspect may be
> incoherent — for example,
>
> the fallacy of attaching significance to the sizes of angles on a
bar
> chart or similar price graph.
>
> It is not that trading systems making use of angles are inferior
—
> there is such a glut of bad systems in general that it would
> hardly be worthwhile to identify only a few — but rather,
these
> angle-dependent trading systems are pseudo-systems,
> incoherent procedures disguised as algorithms."
> See also http://groups.yahoo.com/group/amibroker/message/3825 and,
> IMO, the subject is over.
> DT
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS"
<TSOKAKIS@xxxx>
> wrote:
> > Franko,
> > we will make a lot of rounds without definitions. Do you have,
> > perhaps, Eckhardt reference on the subject ?
> > It would help to see the exact text and use it as a common base
of
> > understanding.
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