Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #261
- Jan 14, 2020 9:14am Jan 14, 2020 9:14am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
- #262
- Jan 14, 2020 3:03pm Jan 14, 2020 3:03pm
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
Hunting High and Low
- #263
- Edited 8:23pm Jan 14, 2020 7:43pm | Edited 8:23pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #264
- Jan 15, 2020 6:22pm Jan 15, 2020 6:22pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #265
- Jan 15, 2020 6:29pm Jan 15, 2020 6:29pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
GBP/JPY @ D1: Buy
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #266
- Jan 16, 2020 6:36pm Jan 16, 2020 6:36pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
The chart image summarizes the relative position of an exchange rate relative to its performance over the last year. The yellow background indicates the square dimension of the chart. The orange dot indicates today's position relative to the high (top of the chart) and low (bottom of the chart) of the FX index during the last 365 days. So if the orange dot is close to the top, the currency is close to its highest valuation. If the orange dot is close to the bottom, the currency is near its lowest valuation. The blue bars indicate the distribution of valuations over the course of one year. The span between high and low valuation is divided into ten ranges (ie, deciles). Then the number of days during which the currency's valuation has been in each of these deciles is counted. The number of days is proportional to the width of each of the ten blue bars. Thus the position of the orange dot relative to the width of the blue bars indicates if the current valuation is a relatively common event or a relatively rare event. For example, if the bulk of valuations has been in the lower deciles, and the orange dot is near the top where the bars are narrow, the currency has recently moved up sharply. The chart ("FX conifers") is a simple method of visually summarizing the performance of a currency over the time period of one year. One useful feature of this chart is that it automatically adjusts for the different volatility of currencies, as the span between a one-year high and one-year low is a reflection of a currency's volatility.
☝ This is not a fundamental determinant. Users are advised to read them with considerable caution. Use this at your own risk. I disclaim all liability for direct or consequential damages resulting from your use of this information.
☝ This is not a fundamental determinant. Users are advised to read them with considerable caution. Use this at your own risk. I disclaim all liability for direct or consequential damages resulting from your use of this information.
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #267
- Edited Jan 18, 2020 2:28pm Jan 17, 2020 10:55pm | Edited Jan 18, 2020 2:28pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #268
- Jan 18, 2020 8:49am Jan 18, 2020 8:49am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
T3 based VWAP
✔ T3 by Tim Tillson
Tim Tillson is a software project manager at Hewlett-Packard, with degrees in Mathematics and Computer Science. He has privately traded options and equities for 15 years.
"Digital filtering includes the process of smoothing, predicting, differentiating, integrating, separation of signals, and removal of noise from a signal. Thus many people who do such things are using digital filters without realizing that they are; being unacquainted with the theory, they neither understand what they have done nor the possibilities of what they might have done."
This quote from R. W. Hamming applies to the vast majority of indicators in technical analysis. Moving averages, be they simple, weighted, or exponential, are lowpass filters; low-frequency components in the signal pass through with little attenuation, while high frequencies are severely reduced. "Oscillator" type indicators (such as MACD, Momentum, Relative Strength Index) are another type of digital filter called a differentiator. Tushar Chande has observed that many popular oscillators are highly correlated, which is sensible because they are trying to measure the rate of change of the underlying time series, i.e., are trying to be the first and second derivatives we all learned about in Calculus.
We use moving averages (lowpass filters) in technical analysis to remove the random noise from a time series, to discern the underlying trend or to determine prices at which we will take action. A perfect moving average would have two attributes:
It would be smooth, not sensitive to random noise in the underlying time series. Another way of saying this is that its derivative would not spuriously alternate between positive and negative values.
It would not lag behind the time series it is computed from. Lag, of course, produces late buy or sell signals that kill profits.
The only way one can compute a perfect moving average is to know the future, and if we had that, we would buy one lottery ticket a week rather than trade!
✔ T3 by Tim Tillson
Tim Tillson is a software project manager at Hewlett-Packard, with degrees in Mathematics and Computer Science. He has privately traded options and equities for 15 years.
"Digital filtering includes the process of smoothing, predicting, differentiating, integrating, separation of signals, and removal of noise from a signal. Thus many people who do such things are using digital filters without realizing that they are; being unacquainted with the theory, they neither understand what they have done nor the possibilities of what they might have done."
This quote from R. W. Hamming applies to the vast majority of indicators in technical analysis. Moving averages, be they simple, weighted, or exponential, are lowpass filters; low-frequency components in the signal pass through with little attenuation, while high frequencies are severely reduced. "Oscillator" type indicators (such as MACD, Momentum, Relative Strength Index) are another type of digital filter called a differentiator. Tushar Chande has observed that many popular oscillators are highly correlated, which is sensible because they are trying to measure the rate of change of the underlying time series, i.e., are trying to be the first and second derivatives we all learned about in Calculus.
We use moving averages (lowpass filters) in technical analysis to remove the random noise from a time series, to discern the underlying trend or to determine prices at which we will take action. A perfect moving average would have two attributes:
It would be smooth, not sensitive to random noise in the underlying time series. Another way of saying this is that its derivative would not spuriously alternate between positive and negative values.
It would not lag behind the time series it is computed from. Lag, of course, produces late buy or sell signals that kill profits.
The only way one can compute a perfect moving average is to know the future, and if we had that, we would buy one lottery ticket a week rather than trade!
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #269
- Jan 18, 2020 10:31am Jan 18, 2020 10:31am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
Hunting High and Low
- #270
- Edited 2:28pm Jan 18, 2020 10:46am | Edited 2:28pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #271
- Jan 18, 2020 10:52am Jan 18, 2020 10:52am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
Hunting High and Low
- #272
- Jan 18, 2020 11:03am Jan 18, 2020 11:03am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #273
- Jan 18, 2020 11:50am Jan 18, 2020 11:50am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
Hunting High and Low
- #274
- Edited 2:28pm Jan 18, 2020 12:11pm | Edited 2:28pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #275
- Jan 18, 2020 1:25pm Jan 18, 2020 1:25pm
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
Hunting High and Low
- #276
- Edited 3:06pm Jan 18, 2020 2:30pm | Edited 3:06pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #277
- Edited Jan 19, 2020 3:35pm Jan 18, 2020 5:47pm | Edited Jan 19, 2020 3:35pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #278
- Jan 18, 2020 7:45pm Jan 18, 2020 7:45pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #279
- Edited 8:07am Jan 19, 2020 6:51am | Edited 8:07am
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
Hunting High and Low
- #280
- Edited 3:39pm Jan 19, 2020 8:32am | Edited 3:39pm
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way