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I think you're misunderstanding my post. I don't think automation will get far with Midas curves, and I think many of the extensions Coles and Hawkins present are very questionable - literally curve-fitting.
But I think the fundamental idea is theoretically sound and practically very useful.
Hi Zondor/futuretrader - the chart you guys posted look very nice. I have one question - do you have an indicator that plots the S/R curves from different anchor points automatically? or you plotted each one manually ? I coded a tradestation indicator that I can anchor at any one point. So I have to apply it multiple times to anchor at different points. If you have tradestation code, appreciate if you can share the same. Thanks!
Have not used it in a while so you are on your own.
"If we don't loosen up some money, this sucker is going down." -GW Bush, 2008
“Lack of proof that something is true does not prove that it is not true - when you want to believe.” -Humpty Dumpty, 2014
“The greatest shortcoming of the human race is our inability to understand the exponential function.” Prof. Albert Bartlett