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Its because you obviously jumped to conclusions about what Crodzilla was implying because you never bothered to understand Cycles, Cycle Extraction, and Cycle Indicators.
The fact is, if someone can master Cycles and finds a natural rhythm and plots it on their chart, not only are patterns going to be highly more probable to fall through, it gives you a clear visual presentation of what might happen.
Please read Encyclopedia of Chart Patterns and you'll notice, trendlines + chart patterns has a failing rate, especially if you don't use confirmation.
Just checking in. I don't see much work getting done here.
I have completed my Goertzel browser. As someone mentioned Goertzel may be better. And, I have found that it is, so far. Its much faster to compute, and we don't need any external DLL's to mess with, as with FFT.
I also had to write a windows based program to align the phases. In the attached picture, the first cycle (highest magnitude) is 180 degrees out of phase.
As someone else mentioned, you can have different tones with different frame lengths. That is both true and false. One reason why some tones may disappear is that they dissipate, the way waves do in a pond. And I have found that "persistent" waves can exist for finite lengths of time, which is what I want to take advantage of. I wrote a program to extract all the waves in all frames, in all possible lengths, then choose only those waves that "persist" in a current frame and past frames. Then, I align the individual waves by simulating "trading" each cycle and each combination of cycles to phase shift each cycle. The program shows me which cycles have had the highest hit rate. So far, I have not seen a combination of cycles (adding) that were profitable. It has always been a single persistent cycle that gets the highest hit rate.
There is still a lot to do, but I'm slowly making progress to see how cycles are prevalent in the market. My goal is to find and take advantage of "persistent" and current cycles if only to trade for one trade. Then re-evaluate, to see if the cycle is dissipating. And that may be done by evaluating a single cycle over time to see if its phase is shifting and its amplitude is falling. We may also be able to evaluate whether a single cycle is getting stronger by using the same method.
The attached pic is from my browser. The yellow cycle is the highest magnitude, and the purple is the second highest magnitude cycle.
Carl
PS. And don't forget, cycles can be projected forward in time to see when they peak/valley!!
Linear Mode
