From theory to practice - page 516
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What does noise have to do with it?
Yes, hasty, noise has to do with filtering, if the price chart is equated to a synchrophase, then probably filtering would be needed to get a clean signal, but we have price and change per pip everywhere saying that a trade has been made, i.e. the concept of noise and filtering is probably not quite appropriate. You all know better than that.
OK, fine, no noise. So, you honestly believe that every trade in the market makes sense and has an impact on price movement?
So what is your problem with redrawing?
As for the overshoot, I think it says it well.
This is a special case and absolutely nothing follows from it.
As to redrawing indicators, they are only visually redrawn. In fact, there is no redrawing at all.
At each step we have a matrix that fully describes the system state at the current time. Visualise this matrix and you will not see any redrawing). No matter how you wander through history, the state at any current moment will remain the same.
OK, fine, no noise. I.e., do you honestly believe that every trade in the market makes sense and has an impact on price movement?
You will never know the answer to this question, as an example iceberg orders, they will swing the price, but the volumes of transactions will be insignificant, and for other traders the illusion will be that this large volume has entered the market - but in fact it is really noise
OK, fine, no noise. So, you honestly believe that every trade in the market makes sense and has an impact on price movement?
This is a special case and absolutely nothing follows from it.
As for the redrawing indicators, it is only visually that they are redrawn. In fact, there is no redrawing.
At each step we have a matrix that fully describes the system state at the current time. Visualise this matrix and you will not see any redrawing). No matter how you wander through history, the state at any current moment will remain the same.
There is no significance at all. Only group characteristics over a period of time long enough to measure them matter.
What you are advocating is like trying to measure the movement parameters of a car by the vibration of its bodywork. You can, of course, but what is the point?