{image} Centered Moving Average 16 is decelerating we suspect CMA 16(red) is building its Low {image}
Trading Focal Points -- "A Leap Of Faith"...
- #261
- Mar 30, 2022 1:59pm Mar 30, 2022 1:59pm
- Joined Dec 2017 | Status: Trader | 4,378 Posts
- #263
- Mar 30, 2022 2:07pm Mar 30, 2022 2:07pm
- Joined Dec 2017 | Status: Trader | 4,378 Posts
Would everyone agree that a Double Top is always preceded by a 16x32x64 crossing?
Would everyone agree that a Double Top is always preceded by a 16x32x64 crossing? {image}
you have theory and practice.
In theory yes, always.
In pratice not every time.
Too, from my statistics based on periods and crossing between cycles CMA, in average yes. So we can conclude that the averages statistic rejoins the theory in general.
Here a statistic approach on a data of ES 1min timeframe, 500days
You can see the average of period from 64 to 32 is 29 bars (cross to cross) and 4 crossing between CMA 64 and 16
Picture for CMA 32 and 16 between both
- #265
- Mar 30, 2022 2:55pm Mar 30, 2022 2:55pm
- Joined Dec 2017 | Status: Trader | 4,378 Posts
{quote} Always ? it depends you have theory and practice. In theory yes, always. In pratice not every time. Too, from my statistics based on periods and crossing between cycles CMA, in average yes. So we can conclude that the averages statistic rejoins the theory in general. Here a statistic approach on a data of ES 1min timeframe, 500days You can see the average of period from 64 to 32 is 29 bars (cross to cross) and 4 crossing between CMA 64 and 16
So, though it may not be true 100% of the time, if it allows for a codable rule it may be "good enough".So, let me re-phrase the question: Is it "good enough" to assume that Double Tops / Bottoms are preceded by a 16x32x64 crossing? This does NOT mean that a 16x32x64 crossing is followed by a Double Top / Bottom. However, it DOES mean that one property of Double Tops / Bottoms is they are preceded by a 16x32x64 crossing. My goal is to algorithmically detect Double Tops / Bottoms.
- #266
- Edited 3:44pm Mar 30, 2022 3:04pm | Edited 3:44pm
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} Correction: We have theory, practice and **codable**...
- #269
- Mar 30, 2022 3:25pm Mar 30, 2022 3:25pm
- Joined Dec 2017 | Status: Trader | 4,378 Posts
HARMONY GOLD 1 H Double Top {image} {image} {image} {image} {image} {image}
- #275
- Mar 30, 2022 3:51pm Mar 30, 2022 3:51pm
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} This one I'm not so sure of. The double tops are further apart than what I'm used to seeing. But we'll see... {image}
- #276
- Mar 30, 2022 3:59pm Mar 30, 2022 3:59pm
- Joined Dec 2017 | Status: Trader | 4,378 Posts
A new indicator -- R4M-Double-TopBottom. This is a work in progress, so don't book your Hawaiian vacation quite yet. This initial version simply detects 16x32x64 crossings that typically precede Double Tops / Bottoms. The crossings are marked with a yellow 'X'. Double Tops / Bottoms are often easy enough to spot in a glance, but the yellow 'X' provides some validation that what you're considering as a Double Top / Bottom really is preceded by a 16x32x64 crossing.
