Technical Analysis is total rubbish! Here's the proof!
- Thread starter SillyWilly
- Start date
I generated random numbers with a simple gaussian distribution with a positive drift and this is what I got!! I do belive price action is semi uselful however I wouldn't ever base a strategy soley on price action
You're either being sarcastic or just an idiot.
Did you not see the random chart I just posted?!
Based upon you "lines", the chart was poorly, innacurately drawn and therefore false.
What a worthless thread
Congratulations -- but look up Monte Carlo analysis.
Poke the {ReCalc} button on your keyboard a thousand times, and "call yourself an Institute."
If you put in just a little effort and thought, you'll be posting a different story in no time at all.
[cue Christopher Walken voiceover]
"Hey! This T/A stuff is the shit! Look what I just made!"
T/A is nothing but moving-average pairs of price+volume in snapshots of time.
How you choose to use it, or project it forward -- that is all on you.
For some, the biggest part of TREND+Noise is the trend part.
For others, it's the noise.
Today, you found the noise. Don't miss the trend.
Congratulations -- but look up Monte Carlo analysis.
Poke the {ReCalc} button on your keyboard a thousand times, and "call yourself an Institute."
If you put in just a little effort and thought, you'll be posting a different story in no time at all.
"Hey! This T/A stuff is the shit! Look what I just made!"
T/A is nothing but moving-average pairs of price+volume in snapshots of time.
How you choose to use it, or project it forward -- that is all on you.
For some, the biggest part of TREND+Noise is the trend part.
For others, it's the noise.
Today, you found the noise. Don't miss the trend.
I won't comment on the TA aspect, but here's a shot at making your code snippet R-like, with vectorization... no need for a for-loop.
Code:
s<-100;n<-256;sd<-.2;t<-1:n;z<-s*rnorm(n,0,1)
price<-s+cumsum(z*sd/sqrt(s))
plot(t,price,type="l")