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It is all in the OHLCV.
Most of the "learned" people in this forum and and all other Trading
or TA related discussions try to make it sound like a pure and
complicted science.
Yes, a little math is involved. But that is just it. People
incorporate all those scientific formulas and equation just to make a
simple matter more and more difficult.
"TA is nothing more than recognition of reversals" positive or
negetive. And that recognition can be made by using simple tools.
Here is an example that incorporates Appel's Triple Momentum and
Price Action, as viewed via the usage of SMA:
-----------------------------
x = ROC (C, 5);
y = ROC (C, 15);
z = ROC (C, 25);
k = x + y + z;
A = MA (C, 9);
B = Ref( MA (C,9),-1);
Buy = Cross (A,B) AND A > LLV(C,1) AND K >4.0;
Sell = Cross (B,A);
Filter = Buy OR Sell;
Plot (MA (C, 9), "MA-9", colorBlue);
AddColumn( Buy, "Buy", 1);
AddColumn(Sell, "Sell", 1);
AddColumn(Close,"Close",1.2);
AddColumn(Volume,"Volume",1.0);
---------------------------------------------------
Keeping the basic facors constant, I bet no complicated indicator or
system can improved on the results of the above.
Please, feel free to experiment with it. But keep it simple.
MAV
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