Discussion of article "How Long Is the Trend?" - page 2
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Thank you for your great article and tools.
I start reading the article. Quote. "Determining market conditions at different time periods is the basis of trading." Who told you that? I am not interested in market conditions at all, I am interested in the algorithm of my behaviour on ANY market. Simply put, what should I do now, sell, buy or do nothing at all.
To quote. "A trader's success depends on how accurate the forecast of price movement is". This is also a strange statement. Where have you seen 100% accurate forecasts? Everything depends on my behaviour pattern. Example. Tomorrow the forecast is hot, I do the opposite, put on a hat, and tomorrow comes an unexpected cyclone, the forecast does not come true, it snows. So who is right, me or the forecast? Conclusion: we work according to the worst forecast.
Quote. "It is generally accepted that the trend correlates with flat in the proportion of 30% : 70%". Accepted by whom? Who is so clever? Give me a link. This ratio is constantly changing, then it is 99% to 1%, then 1% to 99% !!!! And in general, who told you that there are only trend and flat? And the transitions between them? They don't fall under either the definition of trend or flat.
No offence. That's the problem with most traders. Brainwashed well. Have an opinion.!!!! Know, but do not repeat someone else's opinion. Question everything! Have critical thinking. That's the scientific approach. And without a scientific approach, you'll spend your life looking for a black cat ..... You know the rest.
Ask what you yourself and whether there is a solution in nature at all? I answer, myself flew into the money and myself read all sorts of nonsense. And there is a solution, quite simple, but you will not believe it if you do not make your own bumps on useless information nonsense. Use the method of elimination: tried it, it works, leave it, it doesn't work, throw it away. And so 1,000 times. Search, test, think.
Very interesting article. The author gives direction for further research.
Hats off to you. Great job.
What I couldn't find was the code for the modified ADX indicator!
If you could publish it, I'd really appreciate it!