Quote from Albert Cibiades:
In a bizarre dry dream last night I was magically transported to the planet of Bitchslappia, where everybody behaves in real life like earthlings do on ET. I walked into an insane asylum mysteriously named Noscut, where I met a kindly old inmate with bad eyes, buck teeth, grey beard, and a pony tail, incongruously dressed in a tux, and sporting earth 60's plastic coke bottle aviators. He said to me:
"Take your Tri-State Estimator, slap a first-order infinite impulse response filter on the bitch, tune it to an alpha of about 0.0005, and stoplight it. And don't say I never gave you nothing."
cant be answered because it doesnt move like that, how many times will you brake and accelerate on a weekend trip out of town,be realistic surf,if that's possibleQuote from marketsurfer:
You can't even objectively define trend for proper testing. I'm not talking to you but to TA folks at large. Or answer simple questions like how many moves/volume/ whatever in one direction increase the odds that the next move or series will be in the same or opposite direction. If these simple questions could be answered, the market movements could be quantified and consistently exploited. Fortunately, for the market, it's very design changes so it continues to function. You have been fooled by randomness of you think your TA is based on objective inputs-- when in fact-- is subjective and reliant on intuition.
Quote from MAESTRO:
Thank you for sharing. Does it essentially determine a slope of some sort of interpolator then classifies it into the "n" different states and then colors them into a set of corresponding colors? After that the sequence of colors gives you the insight of possible upcoming move?
Also, does this interpolator use volume, size etc. or is it just based on price alone?
Cheers,
MAESTRO
Quote from cornix:
Maestro,
Speaking of colors, would you agree with the thesis that using "emotionally neutral" colors in software is probably better solution for traders, than coloring things with colors, known to provoke certain emotions?
"Color neutrality" would focus a trader more on intellectual side of the process, which helps to act more effectively, without being influenced by emotions.
And generally, what is a weight of emotional vs. intellectual factors in the intuitive decision-making?
Quote from Albert Cibiades:
I am stuck on Planet Bitchslappia with no ride home, so I can but quote the first paragraph of your opening post:
"In his 1956 ground-breaking book âAn Introduction to Cyberneticsâ William Ross Ashby has presented to us the law of Requisite Variety. What this law simply states is that for any system to be stable the number of distinct states (variety) that its control mechanism is capable of producing must be greater or equal to the total number of states (variety) of the system itself. In other words, if a system operates in the environment that causes it to assume certain number of states the systemâs control mechanism must be âsmart enoughâ to recognize all of those states and react accordingly. If the system operates in the rapidly changing, complex environment the control mechanism must also have an ability to quickly increase its variety (i.e. to learn) in order to maintain the systemâs stability."
I got all excited and thought you were about to remind an old dog what he had long forgotten about Cybernutticks and market states. Alas.
I made a wild-assed guess here that you haven't a clue what market states are.
And I showed you. Turned out to be a good exercise for me, because when I tried this state representation years ago it didn't wurk sew gud. I think Jack can displain it to you in ten thousand words or less.
Quote from MAESTRO:
It is such a loaded question. It is a subject of the whole host of books and discussions that are generally known as the symbolism of colors. I have spent some time researching the subject; however, because colors associated with feelings very differently in different people the research in this area is highly subjective. For my own development I always used only two pallets of colors: Red and Blue with the brightness or intensity of the color representing the rate of change of whatever I am trying to represent. It seemed to produce good results.