Would it be too much to ask for you or someone else to put up a spreadsheet so some traders can fill it in for you?
Thunderdog, Buy1sell2 and others have really contributed a great deal to the volume discussion. The indicator orientation was also a contribution.
One of the first and basic discoveries anyone should consider is the defined relationship of the periodicity of each of volume and price. This small whole number establishes a foundation for further debunking the myths.
If debunking is unimportant and, on the other hand, you wish to take this foundation and put building blocks upon it, then you have a real chance of building replacement knowledge for the myths you presently follow.
Volume periodicity is half that of price periodicity. Put another way: volume cycle frequency is twice that of the price cycle frequency.
As all cycle frequencies are measured by three variables, it is a good idea to grasp the meaning of each variable before you begin to put the building blocks together. I'm sure all math oriented readers can see how the characterisitcs of cycle frequencies have influenced Thunderdog and the reasoning modus he is stuck with.
If traderzones makes the minimal contribution, required for analysis on a spread sheet, then, perhaps we can begin to see the connection of cycles and making money.
For example, look at a stock that has significant P, V cycles. During a recent period it cycled four times and price moved 30% after the two price and volume cycles began. The period of the price was 6 days so the trade was three days all based upon volume. So in trader zones Excel which he will post, we would enter the trading info and see at the bottom a performance in finacial terms of a 289 % increase for 12 elapsed days within the total period under review (a few seasons).
In this example volume dictated the trade timing for price.
In terms of the three measurable variables of the cycle, the example shows some very important information. The math people here have simply determined that the phase angle of P compared to V is very significant. We know that the frequency ratio of V to P is 2 as dictated by the Hypothesis Set of the markets.
Our attention is immediately drawn to the phase angle difference and its relative magnitude to the total cycle time. In terms of time for the example and in terms of 400,000 sample size, this value is less than a quarter sigma from the mean, mode and median.
This phase angle data is THE enabler for those who wish to use the forthcoming traderzone Excel spreadsheet. By inserting the stocks into the sheet, you readily find out if the stock qualifies for trading using the P, V phase angle comparison as a qualifier.
Here is the sequence of ET that could unfold.
1. persons post their manner of mind function for a concern.
2. Another person contributes a suggestion to follow, as analysis logging, to come to understand performance of money making instruments
3. one after another, people post the types of instruments that could be tested.
4. others contribute the testing tooling for the TA aspect that is not known to person 2. above.
So far we have some of each of the above:
1. Tdog told us his mind's myths learned from stated authors and others.
2. TZ said he thinks spreadsheets work. He may back his talk with some walk.
3. A stock that cycles was described. (Its P, V phase angle makes trading it a done deal.) The P cycle magnitude was nice too (30%)
4. A phase angle set of stats appeared as a filter for measuring. This becomes a test column on the Excel for filtering "good" and "bad" stocks to trade.
