Advanced Concepts Used In Technical Analysis

V

vvvv

Guest
#1
i would like to start a new thread on sum advanced concepts like smoothing,zero - lag , noise reduction , cyles,etc,etc.
wud appreciate very much if knowledgable persons take part in this discussion & share their knowledge as to how these things are achieved , the advantages & disadvantages of these things. i am unable to find much info abt these things on the net, but ive seen these being used very frequently in building trading systems.
 
C

CreditViolet

Guest
#4
tell me from where to start buildig up a trading system???? im lost.
Being lost is a good thing because there are no set paths to learning anything worthwile. It takes a lot of failing to find the right way to do things.

Basically there are two ways to design systems.

The first approach is taken by the quantitatively trained - one starts with the data in hand and work on it a 'wild goose chase' way. Data mining, statistics ( especially non-parametric ) and programming come in handy. This approach though not ideal is perhaps the quickest way to a working system which may or may not be robust.

The second approach is to start with an abstract market understanding.This is the harder way since quantitative skills are needed here too."Market Understanding" may also take a few years, depends on time spent. What makes this path harder is lack of any guidance and worse - misguidance with all the Elliott,Wolfs,Indicators and a variety of other uninhibited nonsense that plagues the commoner here and elsewhere. :D
 
V

vvvv

Guest
#5
HOW TO START THEN
1)messing around with the indicators already present like tweaking or sumthing like tht.
2)doing permutation & combunation with indicators till u find the right one.like making a macd out of the rsi or sum crazy stuff like tht.
3)go into elliot wave,wolfe wave & fractal analysis(its huge & time consuming).
5)delve deeper into smoothening , zero lag , cycles concept
6)start off by studying statistics & maths like u used do in school.
7) none of the things mentioned above.
 
C

CreditViolet

Guest
#7
1)messing around with the indicators already present like tweaking or sumthing like tht.
Yes

2)doing permutation & combunation with indicators till u find the right one.like making a macd out of the rsi or sum crazy stuff like tht.
Yes

3)go into elliot wave,wolfe wave & fractal analysis(its huge & time consuming).
Avoid anything esoteric.

5)delve deeper into smoothening , zero lag , cycles concept
Sure.As you delve you will find tha they are not really advanced/complicated and perhaps unnecessary.

6)start off by studying statistics & maths like u used do in school.
Definitely.

7) none of the things mentioned above.
Yes.Just Kidding :D
 

sunbim31

Active Member
#8
Vikram

Too much analysis leads to paralysis.I told you na , be simple , actually do some real trading & feel the hot & cold of market.

Sunando
 
U

uasish

Guest
#9
" The first approach is taken by the quantitatively trained - one starts with the data in hand and work on it a 'wild goose chase' way. Data mining, statistics ( especially non-parametric ) and programming come in handy. This approach though not ideal is perhaps the quickest way to a working system which may or may not be robust."

Jesse has answered your Query.

"Data mining, statistics ( especially non-parametric ) and programming come in handy"

Sunondo has suggested you to be simple.

You have to come through a process ,which most of us are going through.
 
Last edited by a moderator:

RSI

Well-Known Member
#10
"Market Understanding" may also take a few years, depends on time spent. What makes this path harder is lack of any guidance and worse - misguidance with all the Elliott,Wolfs,Indicators and a variety of other uninhibited nonsense that plagues the commoner here and elsewhere. :D
CV
As usual, you have hit bullseye here. I agree 100%
 

Similar threads