"streak" indicator - anyone ever back-test this one ?

[syswizard]

http://www.marketwatch.com/story/th...be-looking-at-a-severe-bear-market-2015-12-07
Has anyone coded this type of indicator which counts the number of bars/days where the market does not streak at lease x bars/days in a row ?
It would seem to me that it would be similar to the Donchian indicator.
I wonder if it has any applicability to shorter time-frames like 1 hour or 15 minutes ?

 

[Bry]

I think that would be called a pattern, not an indicator.
Good question about its application on smaller time frames.

 

[Autodidact]

http://www.marketwatch.com/story/th...be-looking-at-a-severe-bear-market-2015-12-07
Has anyone coded this type of indicator which counts the number of bars/days where the market does not streak at lease x bars/days in a row ?
It would seem to me that it would be similar to the Donchian indicator.
I wonder if it has any applicability to shorter time-frames like 1 hour or 15 minutes ?

It's probably a POS, look at their conclusion? It's only a ranged year in an uptrend, statistically speaking, proven and backtested, the trend resumes when that occurs more often than not.

At the moment, too many newbies thinking, doom and gloom because of the rate hikes, well, not before they get squeezed, and hard.

 

[Handle123]

Shorter durations of indicator most likely be much worse.

Cause economy really stinks, the run for the President next year, will see new highs and much higher eventually I believe. Had a nice ES A-B-C completed on weeklies in October, recently market doesn't like Crude Oil going down, I see Energies going lower.

 

[syswizard]

Shorter durations of indicator most likely be much worse.

Always back up your statements with test results and/or statistics.

 

[Handle123]

Always back up your statements with test results and/or statistics.

Most understand when you go to lower timeframe that stats will show by itself that more will given you more false trades if you are simply applying an indicator to say one minute bars. The difference is always money management. And if you want stats, I have never seen you do the coding for anything, or am I wrong?

 

[SunTrader]

OBV started diverging with the S&P in late Oct and is still pointing the way lower. Maybe it changes next week. Maybe we head into bear market territory. I care about tomorrow - the next trading day. And that it moves to the right - up or down.

 

[Handle123]

Shorter durations of indicator most likely be much worse.

Cause economy really stinks, the run for the President next year, will see new highs and much higher eventually I believe. Had a nice ES A-B-C completed on weeklies in October, recently market doesn't like Crude Oil going down, I see Energies going lower.

Always back up your statements with test results and/or statistics.

So is today a good enough way to back up my statements?

 

[SunTrader]

Being profitable, not right, is what is matters.

 

[syswizard]

I have never seen you do the coding for anything, or am I wrong?

You are definitely wrong. Challenging me, eh ?
I'll get back to you on this as soon as I finish my deadline for my client's Portfolio Management system.