Marking swing highs and lows non discretionary?

[Fudgester]

Hey guys,

I was just wondering if there was a way to remove the discretionary aspect of identifying swing highs and swing lows? I tried fractals 3&5 point) they end up giving multiple swing highs and lows at one go. Which makes no sense.
If any of you guys know of any such way that I could get rid of the discritionary aspect, as during range bound markets its easy to say in hindsight where the high/low of the range is. But during the workings of the market, its not.

Looking forward to exchange views,
Fudge

 

[stochastix]

Answer this: are prices a martingale or not?

 

[snowman80]

Answer this: are prices a martingale or not?

not an expert on this but price development through time oscillates between resembling martingale and markov. never really becoming one or the other completely.

 

[stochastix]

Martingale and Markov mean the same thing . The first term gets its name from blinders put on horses. The second term is the name of the probability theorist who formalized the concept

 

[snowman80]

Martingale and Markov mean the same thing . The first term gets its name from blinders put on horses. The second term is the name of the probability theorist who formalized the concept

nice

i thought markov was ‘memoryless’(whatever that means) while martingale was conditional on previous values

 

[Fudgester]

Answer this: are prices a martingale or not?

By martingale you mean, price being random but in a sequence which the future sequence being predictable based on the past sequences. Then yes.

 

[stochastix]

nice

i thought markov was ‘memoryless’(whatever that means) while martingale was conditional on previous values

By martingale you mean, price being random but in a sequence which the future sequence being predictable based on the past sequences. Then yes.

no, prices are not predictable , if they were someone would act in it and make them unpredictable. The terms mean the same thing , there is also a semi-markov process

 

[stochastix]

no, prices are not predictable , if they were someone would act in it and make them unpredictable. The terms mean the same thing , there is also a semi-markov process

There is evidence of non markovian price sequences in the field of latency arbitrage but the window of opportunity is only about 2 milliseconds or less. Your competing with "people" who pay 50k a month to host fpga hardware at the exchange

 

[ph1l]

I was just wondering if there was a way to remove the discretionary aspect of identifying swing highs and swing lows?

This post has a mechanical method for identifying swing points with a single parameter for the number of price bars needed to detect direction changes.

 

[Fudgester]

This post has a mechanical method for identifying swing points with a single parameter for the number of price bars needed to detect direction changes.

Thank you. I just had a look t it. And dam, I was just looking for a way to mark swing higs and lows. Like fractals without machine learning to predict the direction. This would be hard for me to mark on the chats.