Discussion of article "Merrill patterns"

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MetaQuotes Software Corp.
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210641
MetaQuotes Software Corp.  

New article Merrill patterns has been published:

In this article, we will have a look at Merrill patterns' model and try to evaluate their current relevance. To do this, we will develop a tool to test the patterns and apply the model to various data types such as Close, High and Low prices, as well as oscillators.

In order to clarify how and for what data we are going to apply Merrill patterns, we need to understand what they actually are. The main two categories are the patterns resembling the letters M and W. They are called M and W patterns. Each of the categories contains 16 patterns.

Fig. 1 represents 16 M patterns. As we can see, the difference is in the mutual arrangement of the five points that make up the pattern.  


Author: Alexander Fedosov

Carl Schreiber
Moderator
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Carl Schreiber  
Interesting article(!) but haven't you run at least a basic test of the performance of the patterns and share it here like: timeframe, timespan, found, threshold, how often threshold touched?
Alexander Fedosov
18789
Alexander Fedosov  
Carl Schreiber:
Interesting article(!) but haven't you run at least a basic test of the performance of the patterns and share it here like: timeframe, timespan, found, threshold, how often threshold touched?

What's the point of this? There are a lot of configuration options. Everyone can choose something of their own.

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