The Science of Technical Analysis

T

TraderSystem

Everyone says that Technical analysis not valid, silly tool. In this thread let us discuss a scientific view of the subject.

Please, no off-point posts. Please just stick to facts of different Technical Methods. Please, just simply discuss about Technical methods.
 
it tough to have a scientific view on anything that isn't even defined. migt as well speak of the science of modern art you may have better results.
 
By Scientific look, I mean study the logic behind each indicator and the math. Plus, we will test both "common rules" and advance concepts 100% mechanically.

We will also evaluate the rules in the light of the logic behind each indicator and look at how pattern based trading relates to Technical analysis and indicators.
 
Quote from TraderSystem:

By Scientific look, I mean study the logic behind each indicator and the math. Plus, we will test both "common rules" and advance concepts 100% mechanically.

We will also evaluate the rules in the light of the logic behind each indicator and look at how pattern based trading relates to Technical analysis and indicators.
More...

This has already been done. Numerous exhaustive, multiyear studies find little advantage to using TA indicators or patterns. The response from those who still believe in classic TA is "that is wrong" without providing any significant proof to the contrary.

In other words, shoot the kid who says "but the emporer is naked!"
 
Quote from rcanfiel:

This has already been done. Numerous exhaustive, multiyear studies find little advantage to using TA indicators or patterns. The response from those who still believe in classic TA is "that is wrong" without providing any significant proof to the contrary.

In other words, shoot the kid who says "but the emporer is naked!"
More...
indeed, we may name the TA as statistika. And this will no be a mistake. and this and there is science.
 
Technical Analysis is a self-fulfilling prophecy. If you get enough people trading off of the same indicator, there lies the truth.

With out it, the market would all be a little closer to anarchy.
 
I went through the ET and the site (http://www.portfolio123.com/mvnforum/printthread?thread=1776&printall=yes) to see the most common talked about sites. Wow!! What a list! I have written it in alphabetical order.

Can anyone say if I have missed out any software or have made a mistake?

  1. AIQ Trading Expert
  2. Amibroker
  3. BackTrader module
  4. interactivebrokers
  5. Investor RT
  6. investors
  7. mbtrading
  8. MetaStock
  9. morningstar
  10. Multicharts
  11. NinjaTrader
  12. OpenQuant
  13. OV5's BackTrader
  14. portfolio123
  15. Prophet
  16. RightEdge
  17. Seer Trading
  18. shortsqueeze
  19. StockCharts
  20. Stockfetcher
  21. stockworm
  22. TradersStudio
  23. TradeStation
  24. Trading Blox
  25. Trading Receipes
  26. ValueForum
  27. Vector Vest
  28. Wealth-Lab
 
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