gaus·si·an (gous-n) adj. 1) Relating to or described by German mathematician and astronomer Karl Friedrich Gauss (1777-1855) 2) Relating to or describing a process where one reads the beginning of futures journal where most questions have been answered in the previous 600+ pages.
I ad the same question when I first read this journal and a google search pulled up plenty of definitions for me
I guss that Jack borrwoed from statistics for normal data distribution -Gussian shape. Hope it helps.
Hey Aurum, Thanks for the feedback! I remember hearing or reading about the "extreme" zone but I don't remember the context. If the context was for PRV, then I agree that 20K+ is extreme PRV. However, if the context is PV, then I respectifully disagree or at least question it. If one compares the price range ("R" part of the R2B's) on the 10:55, 11:30, 12:30 gaussians, at least for this morning, you can see that the "more extreme" the peak was accompanied by more price range: 10:30 to 10:55 - widest range 11:10 to 11:30 - less than above range 12:05 to 12:35 - approx. equal or slightly greater than the 11:10 range but also less than the 10:55 peak. Note this peak was close in "height" to the 11:30 peak. So, just using today's AM peaks, a more extreme gaussian peak looks like it correlated to more price range. Granted, I haven't done any statistical analysis on this. IMO, price was "operating" in a down channel today and making new lows on decreasing R2B gaussian peaks until after 14:00 when more volume came in. Note that on my chart, I have a B2B around 12:50. So one could say that PV held up as the B2B BO'd a steeper RTL on the 12:55 bar (see my chart) posted above). Sure, if one "Zooms Out" to a higher fractal (60 min, day week, etc), one can say that today was simply an Up channel retrace. In general, I try to avoid blanket statements or "rules" like "any volume over extreme levels are equal". I'd rather try to relate as much as possible to PV and ideally, in a quantifiable way. Sure, right now, we consider 20K to be extreme but it seems to me that we need a statistical method to determine this otherwise it is "discretionary" and will be difficult to notice when the level changes, etc. Of course, just my opinion(s) and food for thought and discussion. Regardless, thanks again for the feedback. Sorry for the long post, spooz
lol, if you want to get technical and stuff ;-) but in reality, for the purpose of "making money," wouldn't you still treat a 50k red bar exactly like you'd treat a 20k red bar? i mean, you're short either way and making bank, so it's just a funny thing to argue about although i can certainly see the decreasing gaussian peaks that you see, i doubt the first thing on my mind when i see a 36k red bar like at 12:30 is "change is coming!"