Does anyone know where I can find some statistics about trends? I had an article some years ago but I've lost it.. I need data like: if the price moved 100 pips up the chances that it will go another 30 pips are 85%.
Trend Statistics Indicator needed 0 replies
Trader Statistics and Broker Statistics 0 replies
DislikedThank for the links, both were very helpful. I've spent some time on my one as well, and here's what I've got:
[color=black]I chose gpb/jpy since it's one of the most volatile currency pairs. If the rate moves 150 pips (doesn’t matter up or down) during the day (open price +150/-150 pips) the chances that it will continue for example another 30 pips in the same direction by the end of the day are 100%. But I think some minor adjustments are to be maid to provide accurate data. This’d been calculated based on one month data....Ignored
DislikedNod. Might be best to phrase it in terms of ATR.
Have you ever considered doing the calculations yourself? It's not hard, and is a priceless skill to learn.Ignored