for those of you continuing to pm me about this indicator. im just gonna say whats really on my minds, i apologize for not replying often. my last project was
Boxplay - TWS API in Excel VBA
I have moved onto other stuff. i no longer actively daytrade. i focus on investments, security analysis, venture cap. its interesting googling mba oscillator thesis and see some of the responses on other forums.
here are my final thoughts:
after about a good 12 months on various forex forums, i realize 2 very important truths. evident by my lack of activity on any of the forums out there.
1) retail forex is fraud.
2) technical analysis without rigorous statistical approach is useless. the latter is useless as well.
Has the 12 months been a complete waste ? i was able to discover new things with computer, and learned about a whole different side of financial market. so its been all good.
what made me turn away from technical analysis is the sheer ignorance this field associates itself with. it reminded me of religion and myths.
In particular, this MBA oscillator what can I say, a big fraud. some of you have seen the paper. there is absolutely no math to back anything up in that paper. you have read the important excerpts i have posted. THAT is IT. there is NOTHING else on that paper that will ever explain why the hell the original student author would try combine RSI and macd together.
now before you flame me, think really carefully about what charting is. charting is dangerous because it makes you believe you have control, while you really dont.
good luck. out of the sample size of traders ranging in the tens of millions, there will always be a millionaire. you will look at him and say if i had the same traits, i can succeed.
they say the perfect slave is a man who thinks he is free.