automatic chart pattern drawers for MT4? - Page 2
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Thread: automatic chart pattern drawers for MT4?

  1. #11
    Can any one actually draw these patterns without having any indior... ... mathematician is likely to make a fortune I figure

  2. #12
    Quote Originally Posted by ;
    thank youpersonally, why I'm asking is because sometimes I have a hard time determining where to draw the traces!!! However, I guess with exprience I ought to get better...


    thanks
    Only draw loads of lines and observe the price action . You may realize that horizontal lines out of monthly and weekly highs/lows the most intriguing (Look at the lower time frames). Flags and triangles and consolidation are all worth learning how to draw yourself. Trading off them profitably is more difficult than drawing on themin my opinion.

  3. #13
    Quote Originally Posted by ;
    Just draw lots of lines and observe the price action around them. You could find that horizontal lines from weekly and monthly highs/lows the most interesting (Look in the lower time frames). Flags and triangles and consolidation are all worth learning to draw yourself. Trading them off profitably is more difficult than drawing on themin my opinion.
    That Foreign Exchange guy has been drudging up all manner of old threads and starting new, bad, threads. This thread is oooooooooooooo

    ooooo

    ooooooooooold. old.

    But, as it's up here's something I would love to see. I want to see someone give a demanding chart-like drawing that does NOT show any normal technical analysis'shapes'. They say that charts are arbitrary, and you will find a manner of geometry within even a genuinely randomly generated chart, so let's take it from a different angle. Let's make a chart that's 100% created, or you could maybe say'manipulated', that doesn't show ANY technical geometry. No trendlines, or s/r, or fib bounces, or elliott waves, or gann traces, etc .

    If a person can produce a kind of line chart with, let's say, something like 50 data points which doesn't show any kind of'chart pattern' inside I would be super impressed. If nobody may come-up with you then I think that raises some interesting questions regarding charts and chart patterns. We all know sound can make chart patterns, but can you deliberately make a chart that doesn't show any patterns?

    I suspect it's a lot like trying to loe water that isn't wet.

  4. #14
    Quote Originally Posted by ;
    that FX guy has been drudging up all manner of old threads and beginning new, poor, threads. This thread is oooooooooooooo

    ooooo

    ooooooooooold. old.

    However, since it is up here's something I would like to see. I want to see someone give a rough chart-like drawing that does NOT reveal any typical technical analysis'shapes'. It is said that charts are arbitrary, and you will find all manner of geometry within a genuinely randomly generated chart, so let's take it from another angle. Let's make a chart that's 100% manually created, or you could...
    I only generated some charts and one of them is the true market, you decide











  5. #15
    Quote Originally Posted by ;
    I simply generated some charts and a few of them will be the actual market, you decide










    can not tell a difference. That said, if you gave me about 2 days worth of m1 data in candle form blended in with arbitrary charts I expect to be in a position to, more often than not, decide on the authentic m1. But that is because it will get apparent volatility patterns and mark which simply are not arbitrary.

    I do see a lot of fashion lines and a few s/r in every pic, and that is only from 1 minute of eyeballing and nothing more. So, perhaps somebody else can make a chart which has no'chart patterns'?

    Edit: actually, if I had to guess I'd guess.... D is the actual. But that is purely pulling it out of someplace requiring a gloved hand.

  6. #16
    Quote Originally Posted by ;
    can't tell a huge difference. With that said, in the event that you gave me about two days worth of m1 information in candle form mixed in with random charts I expect to be able to, more frequently than not, decide on the authentic m1. But that is because it tends to have apparent volatility patterns and markers which simply are not arbitrary.

    I do see a lot of trend lines and a few s/r in every pic, and that is just from 1 minute of eyeballing and nothing more. So, maybe someone else can make a chart that has no'chart patterns'?

    Edit: actually, if I had to guess I would guess.... D is the real....
    Yeah d is real

    but the other ones are completely arbitrary....the only thing I am using is the exact same volatility parameters, and drift as the real market.

    They're daily near, plot charts


    you are pulling it out of taking a look at a current chart so you remember the pattern subconsciously, if I had to do this as a more controlled research I'd use old information not recent data for the past year of trading.

  7. #17
    Quote Originally Posted by ;
    yeah d is real

    however, the other ones are completely random....the only thing I am using is the exact same volatility parameters, and also drift as the real market.

    They're daily near, plot charts


    you're pulling it from looking at a current chart so that you remember the pattern subconsciously, if I had to do this as a controlled study I'd use old information not recent data for the past year of trading.
    I have not looked in a'recent' chart in ages. I could not tell you what any prices are, or are near. So no, why I picked D doesn't have anything to do with having noticed it lately because I simply haven't! I've been busy with other things and only in the last few days have I opened mt4 to poke around in certain gbp information from years back. I can not even remember the last time I would have ever seen a daily chart , so that's a double'no'. Sorry to disappoint

    so we've seen 2 things. 1, I can pick a real chart from a somewhat random one (or I am just bullshit blessed ). 2, a random chart shows typical chart patterns as has been mentioned a whole lot of times.

    I still want to find a handmade chart that doesn't show chart patterns. Is this kind of thing possible? Am I that unimaginative that I can't imagine a chart having no perceivable chart patterns? Someone show me this unicorn.

    People often debate the entire random versus non-random movement of charts, and the patterns they allegedly create. If we can't even produce a totally fabried chart that doesn't have patterns then that suggests to me the random vs non-random arguments are kind of not really the purpose. Chart patterns appear, to me, to be the weakest evidence of it being .

  8. #18
    In the event you are curious this is how I did them

    R app

    Price*e^(drift standard deviation of euro*arbitrary norm distribution)

    then price_n-1*e^(ramble standard deviation of euro*arbitrary norm distribution ) etc


    plot(random chart, type=o,col=black)

    time frame daily....periods 252

    you can do it in glow too

    perform

    normsdist in 1 column A

    ramble stdev*A1 in column B

    price*exp(column B) in C1

    then C1*exp(ColumnB)



    then plot them with line plot

  9. #19
    Quote Originally Posted by ;
    I haven't looked at a'current' chart in ages. I couldn't tell you what some prices are, or are close. So no, why I picked D has nothing to do with having noticed it lately because I only haven't! I have been busy with other things and just in the last few days have I opened mt4 to poke around in certain gbp information from years ago. I can not even remember the last time I would have seen a daily chart , so that is a double'no'. Sorry to disappoint

    so we've seen 2 things. 1, I could select a real chart from a somewhat random one (or...
    the reply to your question is

    yes you are unimaginative (no offense)

    a hand created chart will have patterns because your brain will make them for you....after all we are pattern seeking primates.

    Edit* and the fact that the market resembles a Normal distribution making arbitrary charts somewhat like the market

    here is the kicker....if you are looking at returns....it's a different story

  10. #20
    Quote Originally Posted by ;
    you seem to be attempting to make my point for me, but using a disagreeing tone. It's somewhat conflicting.
    Accountable for the tone.... I'm only presenting objective data.

    I actually do not know what your point is....my point is that there's something non random about the market and it's visible in the long term. . .it tends to honor standard deviations occasions you, and volatility will contract and expand together with systemic shocks while random generated RETURNS will follow a random normal distribution.

    In the short term that the yields are RANDOMLIKE






    From the Long run macro economic events produce heavy tail events and enlarging volatility at a completely NON RANDOM WAY.





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