This is something that's been discussed here a few times, and I feel strongly about it, so I'd like to respond.
A while back on the thread someone posted a recording of one of Fisher's traders from MBF, (wanna say it was MF Breakout and the trader was Lou) and something I took from it was that if you look at 100 trader's number lines you're gonna get 100 different numbers.
While you might say, well, this means that 100 ppl just judge the price action 100 ways, and so long as there's consistency it doesn't matter, I'd say it's something else.
As a human being, you can look at a +2 day that confirms and closes above the OR significantly and be sure that it's a +2 day. However, what would a computer code assign to a day where the A up is confirmed and the instrument closes .01 above the OR? It'd probably assign a +2 right?
Do you really want to have a computer assign a +2 to a day where the instrument closes .01 above the OR? I know I wouldn't. I'd like to use my discretion and call that a 0 day.
Just something to think about. A computer will always follow the code you input, (unless you've developed AI in which case, why are you trading?).
