![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiG8L4nE5lYpnS2BrBKATgf2bHlj7a3iEnNvV5QT0oDuP0rxrn7IPQjl2LB2JR9bayNfjJ27quk1zZ0s0IxPlV-T80ZBFrjggJoueChlXUdE9UM4pBhjvZqbaiC5FgoSLFkRIz4iCjd1yeq/s320/Screenshot-1.png)
To reiterate so far, the indicator:
- is designed to show when prices are moving sideways or moving in a sideways channel by containing prices between a support and a resistance zone
- prices have been modelled as a sine wave to represent this sideways price action
- the upper and lower boundaries of each zone are based upon the application of a control chart directly to prices
- Monte Carlo techniques and statistical tests have been employed to optimise the boundaries of each zone such that approximately 95% of the time the peaks and troughs of the sine wave should occur within their respective zone boundaries
No comments:
Post a Comment