What is a trend?
Can you give a comprehensive definition?
1. It's in any TA book. Can you read?
2. No, we can't. No, we don't need to.) You can get along quite well.
1. It's in any TA book. Can you read?
2. No, we can't. No, we don't need to.) You can do without it.
It's all blurry and there are no boundaries when the trend ends and the flat starts
It's blurry and there are no boundaries as to when a trend ends and a flat starts
Can you give a comprehensive definition?
How do you personally determine when it has started and when it has moved into a flat phase (unless it is a trade secret D)
Uptrend - If each new local High is higher than the previous High and the new local Low is higher than the previous High.
Downtrend- If each new local High is lower than the previous High and the new local Low is lower than the previous High.
The rest is flat.
Uptrend - If each new local High is higher than the previous High and the new local Low is higher than the previous High.
Downtrend- If each new local High is lower than the previous High and the new local Low is lower than the previous High.
The rest is flat
How do you define a local High/Low? What is local and what is not. In formal language. The default binding to the TF is clear.
Usually there is a volatility on the chart
How do you define local High/Low? What is local and what is not. In formal language
Usually on the chart the thrashing is volatile
How do you define local High/Low? What is local and what is not. In formal language. The default binding to the TF is clear.
Usually the trend is volatile on the chart.
I personally believe that the trend should not be tied to High/Low. The trend should be dynamic and each TF clearly indicates this by the quotes.
Uptrend - If each new local High is higher than the previous High and the new local Low is higher than the previous High.
Downtrend- If each new local High is lower than the previous High and the new local Low is lower than the previous High.
The rest is flat
It follows that a trend can be somehow defined only a posteriori, and quite subjectively.
Suppose we have passed the local maximum, which is higher, and go down. Are we still in a trend or not anymore?
It's an associative and intuitive understanding. It's like looking at it and it all makes sense. But imagine (I'm not a programmer, I don't know how to phrase it properly) that you are writing to an owl, what would you say to it? In formal language. I think the first thing would be to link it to a TF. I.e., in the definition you can already indicate that the trend is (tra-ta-ta) on a particular TF.
I personally believe that the trend should not be tied to High/Low. The trend should be dynamic and each timeframe shows it clearly in the quotes.
Wo, TF. I too see the trend definition as being linked to the TF. Only how to formally express this "dynamism"?
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How do you personally determine when it has started and when it has entered a flat phase (unless it is a trade secret D)