Discussion of article "What is a trend and is the market structure based on trend or flat?" - page 6
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Hello very interested in this indicator, is it available for MT4 ?
Hello, it is not available for mt4, only for mt5.
it's still a ZigZag, with some discretion.
OK, it's not crucial yet.
the question is this:
it has been known for a long time that the stock market is more trendy, but to compare just by the number of bars the currency market and the stock market, in my opinion, is not correct even from the statistical point of view - the total duration of the markets' operation time is excellent - it introduces distortions into the statistics. And I think the night flatness on currencies is a separate process that should be excluded from the comparison with stocks.
That's the way it is.
It is incorrect to compare (statistically) the markets of currencies and stocks. Currencies are very much tied to real time. They are subject to daily/weekly/quarterly cycles.
Night is night and day is day.
Currencies have clear calendar moments when something needs to be done. By building a "block" schedule and ignoring time, we lose the patient.
Just an example (I hope I didn't catch someone's small-grail):
to enter strictly at the close of the Asian session against "Mr Peje's last exhalation".
that's the way it is.
It is not correct at all to compare (statistically) the markets of currencies and stocks. Currencies are very much tied to real time. They are subject to daily/weekly/quarterly cycles.
Night is night and day is day.
Currencies have clear calendar moments when something needs to be done. By block scheduling and ignoring time, we lose the patient.
Just an example (I hope I didn't spill someone's petty-grail):
to enter strictly at the close of the Asian session against "Mr Peje's last exhalation".
In the end, the whole analysis comes down to determining the moments when the probability of trend continuation or reversal is more or less than 50%.
The article is more for people who are not very familiar with maths (most of them), there may be some inaccuracies in terms. If written for mathematicians, 10 people will understand and the rest will pass by. But as I realised, the opposite effect has occurred. People familiar with maths don't fully understand the meaning of what's going on.
Yes, you need to write for people, not for mathematicians) But at the same time write competently.
No offence, but the article can form misconceptions in beginners if they take their word for it.
For example, SB is characterised only by the absence of dependence of increments. The shape of the distribution does not influence SB/non-SB at all.
https://www.mql5.com/en/articles/8136 here I wrote about the night flat on currencies. There are no principal differences between day and night movements, only the trading activity per unit of time is lower. You can do research yourself by cutting out night and day pieces separately, in the first article I showed you how. In the articles I left time altogether to show the processes more clearly. Therefore, it is correct to compare the behaviour of currencies and stocks within this approach. I specifically developed an approach that is universal for any market, because it is part of my big project, universal for any market. The global goal is to throw the robot into any market and it should start bringing profit without any settings. And we are not comparing by the number of bars, but by the number of steps with the size of n pips.
OK, thanks for the detailed answer.
I would also like to be able to use one robot for any instrument, but then you need to use custom charts, not an indicator, it is not difficult in MT5.
Anyway I will wait for more article, in general very good material for reflection
Thanks!
that's the way it is.
It is not correct at all to compare (statistically) the markets of currencies and stocks. Currencies are very much tied to real time. They are subject to daily/weekly/quarterly cycles.
Night is night and day is day.
Currencies have clear calendar moments when something needs to be done. By block scheduling and ignoring time, we lose the patient.
Just an example (I hope I didn't spill someone's petty-grail):
to enter strictly at the close of the Asian session against "Mr Peje's last exhalation".
Maxim, did another Maxim offer you an indicator for trading? The article is good for understanding the market, but it is not intended for trading. If there is already a trend, it will recognise it, but if it is ready to reverse, it will not understand it.
Maxim, did another Maxim offer you an indicator for trading? The article is good for understanding the market, but it is not intended for trading. If there is already a trend, it will recognise it, but if it is ready to reverse, it will not understand it.
Everyone wrote such indicators in their time. And all kinds of statistics and derived indicators. When they worked out for themselves what was going on here. It's a useful activity, especially if you pay attention to errors and mistakes. And it's a good article, I'm not arguing about that.
I want it to be like this:
The impulse equilibrium theory has an unambiguous answer to the question - what is a trend and flat.
Both are just parts of a single elementary structure (called M-form), and in any scale of price movement, namely:
1. Trend is an active part of the M-shape.
2. Flat is the core of the same M-form, as a zone of uncertainty of the process dynamics.
That is why the traditional concepts (flat, consolidation zone, sideways) in the impulse equilibrium theory are united by a more general concept - uncertainty zone.
Impulse equilibrium theory has an unambiguous answer to the question - what is trend and flat.
Both are just parts of a single elementary structure (called M-shape), and in any scale of price movement, namely:
1. trend is an active part of the M-shape.
2. Flat is the core of the same M-form, as a zone of uncertainty of the process dynamics.
That is why the traditional concepts (flat, consolidation zone, sideways) in the impulse equilibrium theory are united by a more general concept - uncertainty zone.
A trend is like Schrodinger's gopher - you can't see it, but it is there and you can't (pre)tell up/down until it is realised :-))
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jokes, jokes...
personal opinion: trend (in economy, in currency in trading) - 1) systematic and cyclic predominance of one movement/direction over another 2) for a long time 3) the change is caused by objective factors (and is accompanied by info-causes).
there cannot be a "trend" much shorter than a quarter, any movement without volatility is a sign of crisis, it is impossible to "catch" a change of trend simply by chart.