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Without trying to pin down the definition of "indicator" or "oscillator",
how about
making a distinction between things we can draw on a chart without the aid
of a computer, and those that we cannot?
In other words, how many people (using their current system or method) would
still be able to trade if they had no computer, but only had a chart and
(say) a ruler or a square?
Gram.
>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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