Thank you panzerman I agree to your point regarding subjectivity. I will have to check out John Ehlers work on Trendline, but I am afraid that it might be too hard to code for a scanner etc. and might need the trader to observe the charts one by one in order to make sense of those indicators. Thanks and regards
ExperiencedJoe, that is true but I am looking for something that I can do BEFORE I buy or sell. Thanks and regards
That's not making any sense whatsoever. So you want to know what the cake tastes like before you eat it ? Well, common sense should tell you that the only way to know is to eat it. Trading is really as easy as eating cake. If you know how to eat cake, you can trade.
Indicates the value at which a buyer and a seller agree. Does NOT indicate its own trend. No quantity indicates its own trend. That's why data manipulation is required. The point of a trend indicator (mathematical formula or trendline) is to highlight (aka INDICATE) those features of price that are prominent during a trend. Price does not do this by itself.