automatic chart pattern drawers for MT4? - Page 3
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Thread: automatic chart pattern drawers for MT4?

  1. #21
    I re-read your post and I think a little bit of beer and poor reading comprehension on my part is what you are studying


    yes I agree with you 100%, you can't have a random chart with out subjectively imposed chart patterns....so that DOES say something concerning the validity of this chart patterns on random information.


    HAVING SAID that is not too much the chart patterns but the momentum loss from the impulse waves that might be the important thing because returns are not arbitrary, and there's something logical about price motion that contrasts with systemic shocks and macro economic events....RANDOMLIKE but the daily log returns demone that it is not entirely a random normal distribution.

    Maybe we could get to some thing with this particular thread for an alteration....youyourself managed to notice the real chart. . .the question is HOW did you distinguish randomlike from arbitrary?

  2. #22
    Quote Originally Posted by ;
    I re-read your post and I feel a bit of beer and bad reading comprehension on my part is what you're studying


    yes I agree with you 100%, you can't have a random chart with outside subjectively enforced chart patterns....so which DOES say something about the validity of the chart patterns on random information.


    HAVING SAID which is not so much the chart patterns however the momentum loss in the urge waves that may be the important thing because yields are not random, and there's something logical about price movement which aligns with systemic shocks...
    I am not'worried' about your tone, so it was that I was'confused' about everything you're trying to say since it read like you consented but seemed like you didn't. However, you have cleared that up.

    I didn't, and do not, anticipate this to be a large dialogue or anything. I was just planning to toss out this first post and be done with it, and I am merely procrastinating at the moment with those further articles.

    What I was getting-at is that people attribute chart patterns as evidence that charts are not random. Look, a support line retains being admired, chart patterns are self-reinforcing or another version of the which is history repeats itself, etc.. After this someone like me will chime-in and retort with randomly created charts will even reveal indiions of the chart patterns you attribute to a expected'order' in the charts, which means that your legitimate chart shows precisely the very same patterns as a random chart.

    But, is either really the point? Does this really matter whether a fictitious chart has patterns in it, or a random chart also has the very same patterns in it, if in the meantime nobody can actually create a made-up chart which also DOESN'T demone these exact same patterns? I am saying that it's a weak argument for people to claim chart patterns are man-made, or chart patterns are self-reinforcing, or history repeats itself, etc etc, if you can not even loe or make a chart that doesn't have these exact same patterns! There is not really any point arguing with people with the stance that random charts have those patterns, when really, ALL charts have those patterns. You can not even earn a chart that doesn't have those patterns. Chart patterns are the weakest evidence of order in a chart when every chart MUST have those patterns!

    That which IS perhaps interesting to folks like you and me is the randomness / non-randomness of volatility, but not the'chart patterns'.

    As for how I deduced D as the genuine chart.... Well, I had 1 5 (unless I counted wrong), so there's that. Plus, I've looked at a lot... no, let me try this. I've looked at A! @#ING LOT of charts and spent more hours than I care to admit taking a look at charts, so maybe that had some element to it.

    At the conclusion D only looked like a true chart to me personally. It was marginally more random, in its own unique way, compared to the others. It seemed like every other chart I've ever seen, whereas the others not so much.

    Now you'll probably say it was not really D.

  3. #23
    Quote Originally Posted by ;
    I am not'worried' about your tone, it was more that I was'confused' about everything you're trying to say since it read like you consented but sounded like you did not. But you have cleared that up.

    I did not, and don't, anticipate this to be a large dialogue or anything. I was only planning to throw out that first article and be done with this, and I am merely procrastinating at the moment with those additional articles.

    What I was getting-at is that people attribute chart patterns as evidence that charts aren't arbitrary. Look, a support line keeps being admired,...
    come on nubs do not give me up...I'm finally getting to speak to some one that speaks my language


    what would you make of this volatility of yields not being arbitrary at all....

    And from volatility I mean that the closing price and the squared variance from the drift...I've come to the conclusion that the most essential thing to ascertain is the drift, but I can just be grabbing air here. A few people may call this the trend, direction, influx of funds.... The way I've tried to ch the ramble (statistically I could just be blessed ) is by doing linear regression, and to give me a perspective on the possible variance or probability I use a GARCH 1,1 together with my own twist on the extrapolation on greater holding time.

    But again I could just be using mathematics like folks use chart patterns....lucky guess that's well worth a shit.

  4. #24
    Quote Originally Posted by ;
    come on nubs don't give up on me...I am finally getting to speak to some one that talks my language


    what do you make of these volatility of yields not being arbitrary at all....

    And from volatility I mean that the closing price and the squared variance in the ramble...I've personally come to the conclusion that the most important thing to ascertain is the ramble, but I can just be grabbing at air here. Some people might call this the trend, management, influx of capital.... How I've attempted to capture the...
    I may be speaking your language, however you aren't speaking mine (even though I really do have a tentative grasp on what you're saying if I don't go and spend 30 mins at wikipedia). The area of stats and whatnot was that the component of maths I recognized at the least in college... and this is somebody who did the'big boy' maths classes booked for those who are smarter than the average bear.

    And the drift is absolutely important, otherwise you're just swimming against the tide. Without volatility and trend you have nothing. You can't make pips from a level line. So how do you get to grips with either? Well, that is probably where some noise fundie knowledge gives a head start... but now we are venturing ever so slightly into grail land.

    I don't have all of the answers, but I think some people maybe have the wrong questions. That's what my initial article was about.

  5. #25
    Well I do not really know what to say....because for each intermediate economic analysis you can throw at me...I can probably justify a position exactly the other way....that is not quite as clear cut as FA traders might prefer to admit.

  6. #26
    Quote Originally Posted by ;
    that forex guy was drudging up all manner of old threads and starting new, poor, threads. This thread is oooooooooooooo

    ooooo

    ooooooooooold. old.

    However, as it is up here's something I would like to see. I would like to see someone offer a rough chart-like drawing that doesn't reveal any typical technical analysis'shapes'. It is said that charts are random, and you'll find a manner of geometry within even a really randomly generated chart, so let us take it from another angle. Let's create a chart that's 100% created, or you could possibly...
    So I guess what you are saying is that at some chart patterns that appear to have significance are random and don't have any meaning, even when they appear to do so? That's possible and even probable.

    A really random chart wouldn't have a time element and wouldn't have a logical arrangement, just random dots over a two dimensional loion. To me, this underlines the value of chart patterns and that which they signify in the market.

  7. #27
    Quote Originally Posted by ;
    Therefore I guess what you are saying is that at some chart patterns which appear to have significance are arbitrary and don't have any significance, even if they appear to do so? That is possible and even likely.

    A really random chart would not have a time element and would not have a logical sequence, just random dots over a two dimensional area. For me, that underlines the value of chart patterns and what they signify in the market.
    You missed the whole point


    go back to when I SIMULATED RANDOM charts

  8. #28
    Quote Originally Posted by ;
    you missed the whole point


    Return to If I SIMULATED RANDOM charts
    You're right.

  9. #29
    Quote Originally Posted by ;
    Therefore I guess what you are saying is that at some chart patterns that appear to have significance are random and don't have any significance, even if they appear to do so? That is possible and even likely.
    almost. I am not saying it is possible, or likely. I am saying it's unable to be any other manner. I am saying that you can't even deliberately make a chart that doesn't have these very same patterns. Unless you rig the chart by just plotting a couple of points, for instance, then you can't escape patterns forming of one type or another, or some mysterious'tech analysis' manifesting itself.

    Some people anticipate the occurrence of different patterns and whatnot to become evidence of their significance. Really, I am simply taking a dig at the men and women who believe chart patterns'job' since.... Just because they do.

    Legitimate charts have an abune of patterns. Random charts have an abune of patterns. Deliberately generated charts made with the intention of having no patterns.... Still have the patterns. If it's not a fad line, or s/r, then it's going be a few fib bounce or astrologically derived turn-point. Bogus.

    Quote Originally Posted by ;
    A truly random chart would not have a time component and would not have a logical arrangement, just random dots more than a two dimensional loion. To me, that underlines the value of chart patterns and that which they reflect in the market.
    Tbh I am not really comprehending what it is that you're trying to convey here. If you have some reason to'think' in chart patterns which is better than simply because then all of the power for you. However, for anyone who just wants to see pretty pictures within a chart and takes that as evidence of those patterns holding a few inherent power within them then perhaps have some time and think a bit harder about it... or attempt deliberately making a chart that doesn't have any patterns in it. I would be interested in seeing that unicorn.

    This was not supposed to be anything'profound'. I only intended for the one article and nothing more, but it's gone on a bit further today. This is in the'rookie section' no less.

  10. #30
    Quote Originally Posted by ;
    almost. I'm not saying it is possible, or likely. I'm saying it is unable to be some other manner. I'm saying that you can't even deliberately make a chart that doesn't have these very same patterns. Unless you rig the chart by just plotting a couple of points, by way of example, then you can't escape patterns forming of one type or another, or some mysterious'tech analysis' manifesting itself.

    Some people today anticipate the existence of different patterns and whatnot to be evidence of their significance. Really, I'm just taking a dig at the people who believe...
    Well, I'm not trying to be smart here, but to get a chart to be truly random it would not have any time element and would have unlimited range. Completely useless to get a trading egy. I suppose after a ranging year like we've had this type of disagreement is beneficial. I really don't have a problem with it being in the newcomer section since these sort of research are important in my view.

    I concur that some kinds of chart pattern are far more useful than others and it will depend on how it is defined. I don't believe that they work only because they do. The better the pattern, the better it functions, in general.

    Take one of the simplest and most common chart patterns, which can be consolidation after a sustained move. It is very easy to envisage exactly what the market is doing here. It is a very simple pattern which happens because there's a market. It might appear in a randomly generated chart with time since the x and a random value as the y but unlikely, even though time is this a consistent parameter. The more a pair consolidates, the further sustained the transfer is after that consolidation. That is a high probability. I did the work. So, that leads me to believe that flags, pennants and triangles all work, more frequently than not. I find it quite tough to understand why some other chart patterns (and I'm like candlesticks in this respect ) work, but the easier ones like engulfing, snare bars and so on are fairly obvious, even though the context is as important as the pattern.

    Market plogy generates these patterns, bubbles, fatigue spikes, what have you, and you can even see it on these threads when people say something like It is like watching paint dry, I'm closing my longs and moving to... Guess what? Bull flag. I will be seeing that, even if you aren't, and I will wait till it breaks, rather with an engulfing bullish candle.

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