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Polynomial Pattern Recognition and Forecasting Indicator (www.mooretechllc.com)

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RodS View Post
Exactly...but could this be a way of backtesting what we see?

It is not backtesting and it does not substitute for backtesting. The indicator

-> analyzes past price action to fit into a simple pattern structure
-> it then compares recent price action with the detected historical patterns
-> if the recent price action is matched by 50 simple historical patterns the indicator will calculate an average from the 50 possible outcomes
-> the average will be projected into the future and used as a forecast

Let us look at it like this:

If 100 boys sleep with their girlfriends 50 times without using contraceptives, the indicator detects that half of the girls are pregnant and half of them are not. Using this knowledge, it will then make a prediction what will happen to your daughter, if you leave her alone with her boyfriend.

The indicator will duly predict: HALF-PREGNANT.

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