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Are markets fractal?
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Are markets fractal?

  #1 (permalink)
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Are markets fractal?

I think this deserves its own discussion thread.

Are markets fractal?

Why?

Mike

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  #3 (permalink)
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@TheDude, @perryg

Mike

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  #4 (permalink)
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In my opinion, yes they are.

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The below charts are all of the British Pound. The charts are 5min, 240min, daily, weekly. They are not posted in that order and I have removed the price and time scales.

Does anyone see any tell tale signs to indicate which is which? Can you look at a chart and say 'Yes that is certainly an intraday chart because of X'?

They all seem to follow a simlar ebb and flow and in my opinion, that makes them fractal.

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  #5 (permalink)
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Big Mike View Post
I think this deserves its own discussion thread.

Are markets fractal?

Why?

Mike

I guess you first need to define what "are markets fractal" means.

My understanding of this is term is that it's based on the fact that trading data is turned into charts and those charts have similarities whatever timeframe you look at them.

With that in mind, I guess the first thing to consider is how well market trading information is represented in the 2 dimensional chart format.

Then you have to figure out if the patterns you see are related to market activity or things you would see on random data series.

Then you need to figure out if these patterns really (as in scientifically) repeat as you peel the onion and zoom into lower timeframes.

All this needs to be done without the influence of confirmation bias.

So - tough call. My personal opinion is that the whole 'fractal markets' thing is a pitch or a promise more than a scientifically investigate phenomenon.

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  #6 (permalink)
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So a tick chart looks like a quarterly chart does it?

There is perhaps more chance of an FX chart appearing fractal due to the inherent symmetry of what is being traded - a spread between currencies.

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TheDude View Post
So a tick chart looks like a quarterly chart does it?

Yip.

Perhaps post some charts if you feel otherwise so we can discuss.

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  #8 (permalink)
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TheDude View Post
So a tick chart looks like a quarterly chart does it?

The only difference would probably be the gap in trading volume (depending on the market).

About fractals and market bias (see other thread): a both consistent and dynamic bias is in no way against the fractal nature of price action. You can always detect (and inspect) symmetry on a smaller scale. Again, the two things don't contrast each other.

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TheDude View Post
So a tick chart looks like a quarterly chart does it?

Quarterly charts pretty much look like other time based charts. Different volume profile charts closely resemble each other. Tick charts pretty much look like other tick charts. The fat tailed distributions show up across time frames, as do the swing highs and swing lows. Short term fear and greed isn't too different from long term fear and greed.


Last edited by deltason; November 22nd, 2013 at 02:27 PM.
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