How to make money if creating a new technical indicator ?

Discussion in 'Technical Analysis' started by Streetwise, Jul 30, 2017.

  1. Come on man, even high school maths applied to TA would improve it by leaps !
     
    #31     Jul 31, 2017

  2. Not particularly relevant to to what I said but sounds like you are a real TA (as it stands) fan.
     
    #32     Jul 31, 2017
  3. Never mentioned an MA, was clearly referring to trend lines.

    MAs are math legit but very simple, almost too primitive to be any use. There are far better more objective ways of producing trendlines.
     
    #33     Jul 31, 2017
  4. speedo

    speedo

    I've got nothing against Larry and yes Michelle has done quite well in Hollywood.
     
    #34     Jul 31, 2017
    murray t turtle likes this.
  5. johnnyrock

    johnnyrock

    Yes.
     
    #35     Jul 31, 2017
  6. wrbtrader

    wrbtrader

    Another thread about some indicator is better than those other indicators :p
     
    #36     Jul 31, 2017
  7. birzos

    birzos

    Simple, it works on a exponential curve, if enough people see value and start using it you might be able to launch a consultancy via it, but normally someone else will reap the rewards. It is very rare an inventor makes money marketing their product, it is quoted Wilder spent 13years researching the markets, up to a decade would be a good measure for a material profit assuming you don't have endless marketing budgets.
     
    #37     Aug 1, 2017
    Simples likes this.
  8. Give me an example of which particular popular indicator I said is better than another. I am merely stating that one can use anything but that it should be OBJECTIVELY produced. What part don't you get ?
     
    #38     Aug 1, 2017
  9. JSOP

    JSOP

    They are useful. It's just unfortunate that they get way too much of their fair share of the blame for losing in the market.
     
    #39     Aug 1, 2017
  10. Useful is subjective and thus not very useful , lol . But seriously, if the calculation is objective then it might be of use, bearing in mind there's a whole world of maths / science concepts which have barely been touched for their usefulness in TA.
     
    #40     Aug 1, 2017