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--- In equismetastock@xxxxxxxxxxxxxxx, "Dusant" <dusant@xxxx> wrote:
> Maurizio
> Maybe a few words on how to use it or what to look for in this
indicator will be appreciated.
> Thank you
> Dusant
> Chief Architect
> http://www.candlestrength.com/
Hi Dusant,
distribution indicator is capable to display a "empirical"
distribution of numerical entity; in the ROC example you can view
distribution of 1 day price excursion.
To see the final result you can view at
http://www.finanzaonline.com/forum/showthread.php?s=9b50e1643ba88c745821e7970edafcb7&threadid=450310
In the green histogram are displayed positive result of ROC excursion,
normalized for frequency (left scale is in % and red histogram show
negative excursion).
Each "bin" are displayed with different bar and value of "bin" are
showed with extreme dayli excursion.
In the STM chart you can see the "fat tail" on the short side of
distribution.
The first goal can be a calculation of risk/reward strategy and in the
week end i think possible to post an example of code.
I have e dream...
Try to immagine the best "Roy TradeEquity sistem" with attached
histogram of trade result distribution...
regards,
maurizio
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