I found a bit on the net before I got frustrated with people pitching systems without saying what it was. Anyone got a good link or up for standing on the podium to teach the noobs?
fractal indicators 1 reply
I wish that I could impart but a fraction of the wisdom rustling in by bosom pertaning to fractals.......
I can't belive that I said bosom. OK In it's basic form a fractal is something that is self similar on many levels. Look at a maple tree. Then look at a leaf. The patern of the leaf is similar to the structure of the branches of the tree. If you break of a piece of the leaf, the patern repeats and so on.
Little fleas have littler fleas
Upon their backs to bite 'em.
And so on and so on
And so on ad infinitum.
Once you start looking for repeating paterns you see them everwhere. Sea shells, sunflowers, pine trees, mountian ranges, inscet eyes, clouds, the list goes on and on.
Another aspect of fractal math is that of dimension. In regular (euclidian) geometry we use whole numbers to count dimensions. Fractal math folks use rational numbers. So we can say that that object has a dimension of 2.7
Ok a simple question: How long is the coast of California? The answer: it depends. Whadda ya mean it depends. Well it depends on how long your meter stick is. If we just drag out a map and run a piece of string down the Pacific Ocean, we are going to get one answer, but if we actually walk the coast with a meter stick, we will get another. Now if we want to get anal about it and get a microscope and measure around every grain of sand then the number gets even bigger. And if we go atomic, or to the quark level... I think you get the point. In the fractal world things are not always what they seem.
In Forex, if you look at a chart, and nobody tells you what time scale it is, it is quit hard to figure out. The paterns that you see in a yearly chart are about what you would see in a five minute chart. There is also the fractal nature of traders themselves. We trade on various time horizons. Some scalp while some are in for the long haul. This in fact is what gives retail Forex it's stability. A position trader may find it profitible to go long while at the same moment, for his own reasons, a scalper may decide to short the same pair.
On a practal note, people have written many systems and indicators based on Fractal math. Often the easiest one to get your hands on is Polarized Fractal Efficiency. It measures the choppiness of the market. You can even pay a lot of cash for "black box" systems to spit out "holy grail" http://www.forexfactory.com/forexfor...ead.php?t=3694
But alas dear grasshoppers I must flee. My starving children are crying and I must find a crust of bread to soothe them.
Trade and be happy GrasshopperIgnored
DislikedOk, so this has nothing to do with trading...but creating "Fractals" in art is lots of fun. And there are many free programs to do so available. A fun link is at my domain at my Fractal Art Page. (there are also a couple of links to the free software i used to create these thumbnails). . a few small fractal examples:
http://accrete.com/fractals/thumbnail/t-3dpath.jpg http://accrete.com/fractals/thumbnai...sculptvase.jpg http://accrete.com/fractals/thumbnai...-butterfly.jpg http://accrete.com/fractals/thumbnail/t-landing.jpg
Silly stuff, but whoever said math had to be boring never played with fractals!
; - )Ignored
DislikedSO COOL!!! I GOTTA TRY THE CHAOSCOPE!! WOW!!
DislikedThanx dude now that I have downloaded that drated chascope program, I can't get anything done. . . Thanx, You have ruined my life ;0Ignored