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to put it simple -
use a 5day (or 10?) simple MA of closing prices
- if the END is HIGHER than the START its UPTREND
- vice versa
(maybe use a minimum % to be different end else its NEUTRAL)
WHY NOT ?
rgds hans
> > -----Original Message-----
> > From: Rene' Muench [mailto:muenchr@xxxxxxxxxxxxxx]
> > Sent: Tuesday, February 22, 2000 8:17 PM
> > To: Omega List
> > Subject: RE: Trend Up ?? down?? simple Question, but the vaguest answers
> > I ever heard from Traders!
> >
> >
> > In it's simplest form this is what the replies are stating:
> >
> > I haven't seen anything as vague as this. Although I was believed
> > that most
> > on the list are traders and have to deal with the questing
> > weather a trend
> > is up or down sideward on a day to day bases.
> > If I use the answers give I am not surprised that 80% of people loss!!!!
> >
> > How may higher highs and or higher lows qualify for a trend to be
> > up down??
> >
> > Bye
> > Rene'
> > ______
> > up trend = higher highs and higher lows
> > dn trend = lower highs and lower lows
> >
> > Trend Up - higher highs...
> > Trend Down - lower lows...
> > __________________
> > It IS more complicated -
> > By this definition you could have higher highs AND lower lows, but that
> > wouldn't be an up trend. More of a nightmare!
> > ________________________________________ I think you must decide
> > upon a frequency of trading and series of data. Example if you make
> > 50 trades a year on a hourly chart. Then your idea of what a trend
> > would look like is 4 or 5 days of upward or downward price movement. If
> > you trade on a daily chart and make 3 or 4 trades a year then your idea
> > of a what a trend is maybe 1-3 months of upward or downward price
> > movement. So to sum up a trend is relative to the trading frequency
> > vs the primary dominate cyclical price action which is about 75 %
> > greater than the average mean range movement.
> >
> > _______________________
> > The important part is to always look at the same time frame. A
> > trend can be
> > up in 5 minute chart and most definitely down on a 45 minute chart.
> > ____________________________________________________________ Personally
> > I subscribe to the Vic Sperandeo method of drawing trend lines and
> > identifying changes in trend.
> > ________________________________________________________________ Higher
> > Highs and higher lows is trend up so down is lower highs and lower lows.
> > Time is not part of the equation so the term is rather vague.
> >
> >
>
>
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