Trend-spotting
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Thread: Trend-spotting

  1. #1
    In this thread I will outline a way of quantifying a currency pair's current trend. Knowing the current trend is one of the most fundamental facets of trading, and yet I have found that this seemingly simple task can be devilishly deceptive.

    People really like to spew aphorisms like The trend is your friend but they appear to assume that the trend is obvious. But when you ask around you receive many responses. Which trend are we talking about? The long-term trend? Mid-term? Short-term? And what defines long/mid/short term anyhow? If I'm taking a look at a daily chart, which most would say encompasses much of the long-term trend, the number of bars comprise the current trend? The previous 10 pubs? The previous 30? The previous 365? My point here is that simply defining the current trend encompasses a lot of room for debate, even amongst seasoned traders.

    I've recently develop a procedure to measure trends that suits my style. I think of the method on my own, but I'm not claiming it is new. Perhaps it's been out there for several years - I don't understand. I just know I haven't personally seen it spelled out in the way that I'm about to spell it out.

  2. #2
    Quote Originally Posted by ;
    quote Sounds Great....except for the arrows.... Are the arrows out of precisely the indior or another one?
    It's from the other one.... Without channel...

  3. #3
    Quote Originally Posted by ;
    quote It's from another one.... Without channel...
    interesting. . .nice touch there with all the fractals. Head sharing the arrow and fractal indies. Seems different from MT4 Fractal Indy.

  4. #4
    Quote Originally Posted by ;
    quote Hi Litechild, All these are EU M30 from some days ago. Have I done it correctly? Any correction / improvement is welcome. Thanks picture picture
    I love to find out if Arrow and Numbers are exist together at precisely the exact same time.

  5. #5
    Quote Originally Posted by ;
    quote I love to see if Arrow and Numbers are exist together in precisely the same time.
    Can the arrows repaint?

  6. #6
    Quote Originally Posted by ;
    quote Do the arrows repaint?
    Unfortunately yes, but I can take it like a sign after the arrow look some bars from current pub, I believe. I need to prove that this...
    I shall try ZZ also and examine it.

  7. #7
    Quote Originally Posted by ;
    quote Hello Litechild, These are EU M30 from a few days ago. Have done it right? Any correction / enhancement is welcome. Due image image
    This is utilizing ZZ, at EU M30. Still trying to remove the history zigzag end stage (repainted, number 1 red dot).


  8. #8
    Quote Originally Posted by ;
    quote That is using ZZ, at EU M30. Still trying to remove the history zigzag end point (repainted, number 1 red dot). picture picture
    you're going in the ideal direction.

  9. #9
    Quote Originally Posted by ;
    quote you are going in the right direction.
    Thank you very much Litechild. All Fantastic result that I get is because of your help

  10. #10
    Does anybody known what happened to Bytebodger? I notice he's been off since 2010.
    Are some of you guys still using this counting method? I have the Trend Count 670 V2 upward
    running on my charts it adds some confirmation to my method of trading. I like the ease
    of this county method. Thanks to some that will reply share their idea, perspectives experience
    using this method. Good trades whatsoever.

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