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kiy

01/28/12 10:58 AM

#16947 RE: ziko #16774

Ziko...Noise...random...chaos...structure

TimeFrames 10/15/30/60...each time one of the timeframes gives a "signal at signal line" is an attempt to create/show structure forming out of random/chaos...a change in direction "should" come with more/better observable structure...30 minute is the most consistent; but 60 minute minute shows the most structure.

Moving averages is an artificial way to imagine structure...

Standard deviation is a statistcial way of searching for structure=statistics, deviation is a measure of difference for interval and ratio variables between the observed value and the mean.
Standard deviation is the frequently used measure of dispersion: it uses squared deviations, and has desirable properties, but is not robust.

Average absolute deviation, sometimes called the "average deviation" is calculated using the absolute value of deviation – it is the sum of absolute values of the deviations divided by the number of observations.

Median absolute deviation is a robust statistic which uses the median, not the mean, of absolute deviations.

Maximum absolute deviation is a highly non-robust measure, which uses the maximum absolute deviation.

STRUCTURE...relative to...What???...(you do the math...before computers I drew my own charts and Bollinger Bands)

Weekly shows the most structure...or the least amount of randomness.
10 week chart=50day average...

Stochastics will alway be the main indicator...

Daily chart is next in showing the most structure...

Then an overlay of daily randomly walking around for weeks=