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I think the argument for abiotic oil is starting to get traction in the western world. The inability to account for sufficient organic feedstock by a variety of calculations, the presence of helium in oil, etc. are proving to be of concern for organic origin supporters. However, even if oil is...

You might look into a regression line channel.

No knocking indicators in my world. However, I don't think that they are the living end or that parameters for a specific indicator will be appropriate for all markets and time frames. They are just tools that are best used in conjunction with other tools (i.e., other(but significantly...

Trendlines work quite well and are not uncommon.

How do you explain trendlines that extend over decades? Surely, not news, etc. I suspect they reflect normal growth/decline behavior.

The first question is why do you assume that Trade Prospector is the absolute correct standard? I thought you were going to post MM software results. That is the only standard that we should be talking about. As for the data, there could be differences between suppliers. But until we have MM...

OK, got data squared away. QQQ posted a few minutes ago and here is es03h

I am attempting to obtain the data for QQQ. In the meantime, post the MM chart for the 1 min or whatever QQQ.

You say "The key point remains that scripts coded strictly based on the Kruzel notes/spreadsheet (which many appear to be) aren't necessarily coded correctly." Consequently, you are suggesting that if coding is OK then Kruzel is OK, which is all that has been claimed. Clearly, incorrect coding...

Yes, I agree that Pretzel has a coding error, which is why I suggested he check other stocks and volatilities before assuming everything was OK. However, that does not mean that a correctly coded program will not produce the same result. For example, the attached shows the correct MMLs in...

You are behind the times. I pointed out those errors yesterday, and couple of messages ago the prezel noted that the code was corrected. As I noted just above your message, the MMLs are now correct.

Looks OK. Suggest, however, checking it out with other time frames and a variety of stocks with different volatilities. That maze should find any problems, if there are any. I have not looked at your code, but if you are concerned about stability between frames then just watch it for a while...

Exactly. If that were not the case then one could easily demonstrate that MM was THE best trading system, which has not been done.

Have you actually seen a program that is coded for MM produce correct MMLs one day and not the next? I routinely see MMLs on two programs (Tradestation and AmiBroker) and have never seen a variation from MM's software. Others have made your claim, but so far nobody has demonstrated what their...

Odd: Yup, the trader's "system," use of other indicators, money mgt, etc. will be the major factors. The exact lines are not as important, and in fact I generally get more mileage from Square of 9 and Fibonacci than MM.

Archangel: A number of programs have been successfully coded with MM. When properly coded, I have not seen them produce correct MMLs one day and not the next, etc. Have you? Pretzel: Your code (Tradestation or WealthLab) is producing a -2/8 MML at 23.44, whereas MM produces a +2/8 MML...

I have the Tradestation program, and it duplicates MM's software. You must have introduced an error in the code when you put it into WealthLab script.

Your MM lines differ from MM's software with respect to the "1/8s". For example, for QQQ 64 frame, the 23.44 line is 2/8 in MM's software and -2/8 in your chart.

MM is in large part a money management system. You can apply it to any similar system such as Fibonacci retracement, Gann So9, Gann Division of 8, etc. The levels from these different techniques are often quite close, especially when you build in the slop of +/- MM level spacing. In addition...