The only limitation I forsee with this, is the fact that you can't really tell the direction of a candle from the open line alone. You don't really know what a candle would be until closes either bullish or bearish. I don't want to spoil your heureka-moment but Xard (and millions of others before h...

How would I adjust my daily open line to get a better accuracy? a) there is no "better accuracy" - whatever that may mean b) it very much depends on which instruments you trade because this again refers to where and when they are traded most (Apple vs EURUSD in London vs New York vs Chica...

jullian29 wrote: Tue Apr 04, 2023 9:19 pm It is never wrong to be a skeptic.

It is the only relevant approach to reality we know of.
Sadly: most people are in search of a master (read Lacan)

A trading indicator created by Artificial Intelligence (ChatGPT)

Simple indicator created by ChatGPT posted by Crow on FF:
(played around with it a bit: I think it is more tradable now)

;) thanks, a really nice one: depending on your inputs this can also be used for bias (but be careful the signal is often anticipatory, i. e. crossover comes before directional price change - which, of course, can actually be a good thing) On the other hand, and in a different mode, it is excellent...

well I tested every possible outcome of a strategy, using 10 trades each time: This experiment is erroneous on so many levels that I decided you wanted to crack a joke: the idler's fallacy (one could call it) Should you ever really want to test something in a statistically relevant way: the Gaussia...

and then you ask yourself: under which circumstances can bias here be down?

All I can do is give some hints There are, of course, also bad teachers... And people who revel in obscurantism (because it boosts their ego etc) “Everything that can be thought at all can be thought clearly. Everything that can be said can be said clearly.” Ludwig Wittgenstein, Tractatus Logico-Ph...

mrtools wrote: Wed Apr 12, 2023 3:49 am Seem okay now.

I am not the overbought/oversold-guy but the signals are excellent. Thanks, MrTools:

There are many resistance and support indicators. Fibonacci, pivots, channels, moving averages, trend lines, etc., can be counted in the category of resistance and support. The question is: has anyone used mathematical methods to prove whether the statement of "resistance, support" is rel...