Oh, so that's what he meant... Granted, you pretty much need an algo to run a quant. Not sure if that's what was on OP's mind when he wrote up this thread.
Are you talking about day trading, swing trading, or investing...I suspect you're talking about investing considering you mention Warren Buffet and Jessie Livermore. wrbtrader
Right, hence the name is in quotes. That's just what I call it. I didn't mean it literally, just as the zero lag moving average isn't REALLY a zero lag moving average. It simply denotes in my mind the concept of tracking price as closely as possible (say...for scalping purposes) before getting jerked around by the constant pivoting and zigzagging that characterizes price action. For example, here are my (green) two best measures (I now have four) as compared with the bold black "moving average in sync with the close of the candles."