I'll list the sequential Prime Resistance and Prime Support levels so you can match them up. Then yo can see from this point on at what levels they occur. I will go backwards from current. Prime Resistance - 799.5, 736.8, 788.2, 690.1 & 648.4 (March 05) Prime Support - 671.2, 673.4, 616.2, 568.7 & 604.0 (January 05) The current Prime Trend on this chart is Prime Bull. What is happening at the current Prime Resistance top is that Divergence has been created and price is currently consolidating up toward 791.4. Now that I have described what IS happening, look at the chart.
Now look at the 2401. This chart shows the transition of price from the 799.5 Prime Trend Resistance top. On the 2401 we see that this chart has Primes as well but these do not determine Trend (In this particular environment). These Primes are just pinpointing trading opportunities.
In regards to Ticks, GLOBEX no longer provides constant ticks so any consistent benefit they used to provide has been rendered useless.
yes. very descriptive of logical trading seminars. ergodic reguires non-trivial effort to traverse: http://en.wikipedia.org/wiki/Ergodic_literature
Here is a definition of Ergodic: http://en.wikipedia.org/wiki/Ergodic About the creator of the Ergodic: "Mov( ( RSI(8) - LLV( RSI(8) ,8 ) ) / ( ( HHV( RSI(8) ,8) ) - LLV(RSI(8),8) ),3,E) *100 Roger Altman, William Blau, Stanley Kroll, and Tushar Chande have all improved on J. Welles Wilder's Relative Strength Index. I believe the best of these derivative indicators is the Stochastic RSI. MetaStock offers one version of this indicator on their formula page. This version is just one of many I use. I like substituting the numbers 3, 5, & 8 in this formula." There is a book from Wiley regarding the Ergodic as well. Here is a link to the Google search for the phrase "Ergodic Indicator". http://www.google.com/search?hl=en&lr=&rls=com.microsoft:en-US&q="Ergodic+Indicator"&btnG=Search To clarify, the phrase, "Ergodic Literature" has nothing to do with your question regarding the indicator.
yes, as you are wrought to do--using archaic language to describe the commonly understood in an attempt to create expertise: LOL ! you are simply using the "old" language to re-describe what has already been discussed to death in trading circles. ergodic is simply the old word for chaos theory when used in this context.
Thaks Prof, ask you know Ergodic is also referred to as a 'True Strength Index'. An excellent thread with source can be found at: https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=4640 and http://www.linnsoft.com/tour/techind/tsi.htm and discussed at length in Blau's book: http://www.amazon.com/exec/obidos/A...704167?_encoding=UTF8&camp=1789&link_code=xm2 Thanks again for the charts....
sorry, but you are not skilled math person (at least in probability theory and dynamic systems theory)...