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ES swing statistics
Started:November 1st, 2015 (10:25 AM) by marketvoyager Views / Replies:318 / 2
Last Reply:November 1st, 2015 (10:43 AM) Attachments:0

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ES swing statistics

Old November 1st, 2015, 10:25 AM   #1 (permalink)
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ES swing statistics

I am interested in learning about swing statistics for the ES. I would like to find out what are the range values for each swing on a five minute chart for every day for a year or more, then the averages weekly. I think a good filter would be to smooth the swing values to a 10-12%, so for example if one finds there are x amounts of swings in a year between 4.8 and 5.30, then make an average in that 10-12% range of variation, then get an average for that and how many times is happened, then from there one could analyze the averages for weekly or monthly periods.

I found some numbers in a book when the ES was around 1,500 for the average swings. I have 5.4, 6.85, 8.7, 10.8, 16.2, and 21.6 points. I want to know if this is still relevant and if the averages have changed. I think that finding these statistics could give some perspective in terms of the average risk/reward to take for a given swing based on certain patterns. Maybe then from there one could work on a indicator to sort these swing values on a real time basis. I am not suggesting that there is an edge in this thou.

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Old November 1st, 2015, 10:26 AM   #2 (permalink)
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Old November 1st, 2015, 10:43 AM   #3 (permalink)
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