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Steve Poser wrote:
> Indicators are things like moving averages, oscillators and the
> like. Everything else is chart patterns. Trendlines, S/R, key
> reversals, are not indicators.
Perhaps. To me an indicator is anything calculated by the computer (by
hand in the old days) and plotted as an overlay on a chart. It could be
a moving average or sup/res lines. I fail to see the difference. The gif
shows a sup/res indicator I wrote. It's stored as an indicator in
Tradestation and the computer did all the work of drawing the lines and
labeling them with the numbers. I don't know what to call it if not an
"indicator." I also have indicators that automatically draw trendlines,
fibs, and identify various patterns. Like I have said before, I use
indicators as a step in the research process aimed at writing a fully
automated trading system.
--
Dennis
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