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-- Big Mike, Site Administrator
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I can give you a ton of code. But first, I gotta know
what you're going after. What do you want to measure,
and WHY; and then when you get "something" which
should predict, either inhibiting trading, or enabling
it..... you need to evaluate how well it predicts.
When I go digging, I first force myself to have a theory,
and then I go about finding a way to measure the
essential thing I'm looking for... The Devil is really
in the details, and I really mean the details...
For example, I am a Micro Scalper, with a framework
which permits automatic Triggering of a trade. I started
thinking "I wonder whether it's possible for me to know
exactly when a micro trend is about to turn?"
Sounds impossible, but then if nobody tries it; you can't
really say it can't be done.
And I found out that 1) my "theory" was correct; and
that 2) I could predict the next micro trend change.
But that's going "where no man has gone before";
since Retail traders simply don't try things like that.
You have to have 2 things: 1) the ability to code just
about anything you dream up, but 2) specific ideas
about what you should measure, and what you'll
expect if you think you can measure it.
I don't think anything "generic", that every other
Trader is using; is going to make you money. So I
really never use any "canned" indicators, and that
makes for a pretty hard life, but it is fulfilling.
TO SHOW HOW INSANE THIS CAN BE, see the attachment,
which predicts through the Orange/Red "down spikes" telling
me that this is about to turn downwards...
