the elements you see on the charts are:
1. a linear regression, such as y = a + bx, with +/- 2 standard deviations (pink line and green/yellow dotted lines) and
2. a non-linear regression, in this case parabolic, such as y = a + bx + cx(2); that will be the blue line and its +/- 2 standard deviations as continuous green/yellow lines. i also tried a cubic regression, but it is too sensitive to price change.
3. sometimes you will see vegas tunnel indicator, i'm using it to better identify entries/exits.
my general rules: i set my entries when price hits a green/yellow line and i don't usually go against the trend. that's pretty much it for now.
i will post some other charts as soon as i have time to do it.
1. a linear regression, such as y = a + bx, with +/- 2 standard deviations (pink line and green/yellow dotted lines) and
2. a non-linear regression, in this case parabolic, such as y = a + bx + cx(2); that will be the blue line and its +/- 2 standard deviations as continuous green/yellow lines. i also tried a cubic regression, but it is too sensitive to price change.
3. sometimes you will see vegas tunnel indicator, i'm using it to better identify entries/exits.
my general rules: i set my entries when price hits a green/yellow line and i don't usually go against the trend. that's pretty much it for now.
i will post some other charts as soon as i have time to do it.
Dislikedyes.. I was going to tell you the same.... you put 3 charts... but don't tell us about the 1 week data chart.
I'll be watching your charts . It's going to be interesting to see how they change over the time. I'm very interested in non linear regressions too....
so... you only set the trades when both linear (pink) and parabolic(cyan) agree and tell you the same? Or you put the pink only as a reference to show us the difference between linear and parabolic?
I'm curious about the red dot...
congratulations for your past trades and this journal.Ignored
Nihil Sine Deo.