Defining a Strong vs Weak Trend

tommcginnis said:
Scat and Speedo are both smarter than to equate 'steepness' with strength. :cool:


(Fergawdsakes.)
More...
I suppose I confuse tradable with physics. For me, a stronger slope translates into a better trading environment but I trade momentum impulses and that best works with steep slopes.
 
Buy1Sell2 said:
Trend on the left is much much stronger and is expected to continue.
More...
VAGUE
Would you buy whatever this is based on this chart alone? Of course not. It could be topping in advance of a bear reversal.
upload_2019-7-11_14-9-23.png
 
speedo said:
I suppose I confuse tradable with physics. For me, a stronger slope translates into a better trading environment but I trade momentum impulses and that best works with steep slopes.
More...
That's why I like the DSP model of market behavior, because it is rooted in solid mathematic and engineering principles. Strength can be defined precisely as particular frequencies present in the price data. The detractors will claim that anything from the world of physics that is applied to financial systems is a misapplication of the science. I guess that is a philosophical debate to be had.
 
metatrader54 said:
View attachment 205559

Above is a chart of 2 different uptrends, ASSUME THAT BOTH ARE SAME TIMEFRAMES, which one is stronger to you? And why? What is your definition of a strong trend?

I do have my own definitions that I use to trade, but would be interesting to hear what others have to say.

I'd say the left one is way stronger or "stable", it may have weaker impulses but the number of highs give indication that you could buy now and there would be a high chance it would form another high.

These are just 2 examples, I'm sure there's many many more different types of trends that can be seen from the chart, besides comparing the two, what other types of trends are strong to you?
More...
Hi Metatrader54,

Just curious if you define the intraday trend strength based on the number of new highs vs. the number of new lows? If so, do you base it on some kind of a statstical study?

Thanks,
varaamo
 
varaamo said:
Hi Metatrader54,

Just curious if you define the intraday trend strength based on the number of new highs vs. the number of new lows? If so, do you base it on some kind of a statstical study?

Thanks,
varaamo
More...
No statistical study or programming used. Manual backtesting, tons of instrumentd and years.

Another thing I find useful to determine strength is the angle of impulse waves.
 
You must log in or register to reply here.
Back
Top