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Old 02-26-2007, 07:30 PM
IST IST is offline
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Facinated by conman indicator. It seems to capture these 45/90 cycles very well and enables people like me to recognize them much better than by only looking at the naked charts. As everything else of course it is fractal and will naturally point in different directions at different timeframes. As the market moves in waves this isnt necesarrilly an issue - in fact it could be used to further strengthen the method.

For example, when the 1hr and 4hr line up and point in the same direction, there seem to be a significant move coming. In principle I would assume that if a number of timeframes lined up the probability of predicting the direction would increase.

For presentational purposes it could be usefull to have the indicator at different timeframes in the same screen, perhaps even in the same indicator window with different coloured lines. Or maybe it would get to messy.

It could be interesting to test systematically whether the "allignment" of this indicator in different timeframes increases the probability of a particular directional move. I dont seem to be able to access the coding of it - but perhaps someone with better programming skills could have a look at this hypothesis?
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