Minimizing noise in Trend identification?

[ironchef]

Just using a diversity of models or inputs to come up with a prediction/forecast/hypothesis. You have a trend metric which you feel gauges price momentum reasonably well most of the time; from there, it's generally better to add factors to your model describing other states or features of the marketplace besides price momentum, versus torturing the metric further with advanced math. At least, that's my opinion and experience.

@Specterx, are you related to SpaceX, X, Tesla X?

 

[Specterx]

@Specterx, are you related to SpaceX, X, Tesla X?

Lol. The closest I got to TSLA was a good college friend who worked there from 2011 until retiring in 2021. He enjoyed 10 years of salary and bennies and retired from his accumulated stock awards worth double digit millions at 2021 prices, while I decided to get rich quick and easy (hah) by being a speculator. You can screw yourself just as easily thinking too much, as thinking too little.

 

[ironchef]

Lol. The closest I got to TSLA was a good college friend who worked there from 2011 until retiring in 2021. He enjoyed 10 years of salary and bennies and retired from his accumulated stock awards worth double digit millions at 2021 prices, while I decided to get rich quick and easy (hah) by being a speculator. You can screw yourself just as easily thinking too much, as thinking too little.

But you have more fun, did not have to sleep on Tesla's factory floor while Musk was pushing him hard to deliver.

 

[Bad_Badness]

versus torturing the metric further with advanced math.

This is where those who actually understand how math system are created, not just how it works, know when they are beating a "dead horse".

This is more advanced just trying to use math system in a simpleton search for some grail. New folks would be wise to take N.B. Either your math is novel, or your application is, or one uses a combination of methods to finesse a solution.

This is my experience and formal educational opinion, fwiw.

 

[Tora]

While indicators can come in handy in identifying the trend, I think there is no need to use an indicator, oscillator or other tools for everything.
Identifying trends is actually not a hard task at all.
I remember when I was starting out I thought I needed some special indicator to tell what the trend was. And I completely understand the starting point of many beginners who struggle to identify the trend.
My advice would be: keep it simple, you don’t need an indicator to find whether the price is up-trending, down-trending or it is ranging.
To avoid the noise, just change to larger timeframes Sometimes even the 4H timeframe might give some noise, but don’t go anywhere below this time frame.
Next thins, look for the ABCD pattern. That’s all.