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| Discuss Price movements in the same direction? at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Originally Posted by kkseal Nope. That one will catch the reversal days as well. Try ... |
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#11
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#12
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In this case, what do I use as the base? |
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#13
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Had the given probability far different (below or above) the 50% figure, I guess we can come to some conclusion of the "cause-effect" relationship (If I am right) which exists between price movements of 2 successive days. Alas, from the given result (without hypothesis testing), I am inclinded to say that one day's price movement has no connection with the next day's price movement since the probability of both (for and against) tends to 50%, generated from an unbiased coin toss. |
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#15
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(Yesterday's close > Day Before yesterday's close) AND (Yesterday's close >=0.35*(H-L) and <= 0.65*(H-L)) Yeah you did say you did not have the OHLC data for the test period, but why not test it for 1970 onwards? Likewise modifying the other one to day before yesterday's close < close of previous day and yesterday's close > day before yesterday's close Its unidirectional (UP) however. Regards, Kalyan. Last edited by kkseal; 16th May 2007 at 11:01 PM. |
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#16
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#17
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Nothing Much CV they are just expressing their view of the pobability of the price direction..... proabably they are confusing you...and ... Me
Is there a easy solution ? an AFL in your collection? Regards Ken Last edited by kenneth; 16th May 2007 at 11:08 PM. |
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#18
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![]() An AFL will be easy enough to code Let's see if there's anything in this first. Also it's unidirectional as of now. Regards, Kalyan. |
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#19
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Will this help?
Regards Ken Last edited by kenneth; 1st July 2008 at 03:17 PM. |
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#20
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![]() Other concepts like gaps might be more meaningful. |
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