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Random Line Theory
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Created: by Big Mike Attachments:100

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Random Line Theory

  #221 (permalink)
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... It's not to prove anything, I just find it interesting is all
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  #222 (permalink)
Fortitudo et Honor
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The one thing I've learned in trading is that there are very few hard/fast rules and irrefutables.

I personally don't use a preponderance of lines and zags and plots, but if that helps you, then so be it.

Like I've said in other threads, I'm an avid firearm guy and whenever I get asked about advice for purchasing a firearm, I always advise people to purchase/carry whatever they shoot the best.

It doesn't do much good to have the most expensive, most popular, highest capacity, highest caliber....etc. gun if you can't hit you're intended target.

Trading, I've found, varies as much as personalities and brain types.

If it works for you, then stay with it.

Having said all that, you can draw virtually any line on an instrument chart that intersects at least 2 points and get a bunch of people that are convinced the line (and intersections) etc, have meaning and relevance to successful trading.

Again, if that works....make a bunch for both of us.

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  #223 (permalink)
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The ES on this memorable today. I created some lines at around 11:00EST. This is as good as bug$bunny's levels

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  #224 (permalink)
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would it be possible for one of the interested coders to make an indie that would, at session open plot a specified number of 'truely random' lines from within a specified range?

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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  #225 (permalink)
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madLyfe View Post
would it be possible for one of the interested coders to make an indie that would, at session open plot a specified number of 'truely random' lines from within a specified range?

Yes good idea. @shodson should be able to do it very easily since he has worked a lot recently with random number generators in NinjaScript. You could define the range using an average daily range say +/- a bit and then divvy it up between high and low plots say a total of 4 to 6 plots to simulate what most other indicators are spitting out (murrey math, daily pivots, others).

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  #226 (permalink)
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Big Mike View Post
Yes good idea. @shodson should be able to do it very easily since he has worked a lot recently with random number generators in NinjaScript. You could define the range using an average daily range say +/- a bit and then divvy it up between high and low plots say a total of 4 to 6 plots to simulate what most other indicators are spitting out (murrey math, daily pivots, others).

Mike

i know nothing has been initiated yet, but i would like to be able to set how many lines are generated because u make a good point about 4-6 lines to compare to those indies u have listed but the indie i want to test against sometimes has few lines and sometimes has many lines..

dont believe anything you hear and only half of what you see

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  #227 (permalink)
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No random number generators will generate 'truely random' lines. That's the first problem. I suppose that may only be a minor technicality, depending on your aim; just being thorough though.


madLyfe View Post
would it be possible for one of the interested coders to make an indie that would, at session open plot a specified number of 'truely random' lines from within a specified range?


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  #228 (permalink)
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zer0 View Post
No random number generators will generate 'truely random' lines. That's the first problem. I suppose that may only be a minor technicality, depending on your aim; just being thorough though.

i know this, thats why i put it in quotes.. i also didnt want to get off topic.. nerds and numbers can go anywhere and on for days!

dont believe anything you hear and only half of what you see

¯\_(ツ)_/¯

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  #229 (permalink)
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@Big Mike, i have made a video of this indicators settings so you can get a better idea of what im talking about. it has diff projecting modes and ways of calculating the lines. the calculations are made from the start of the first 5 elliot waves back in early 2000's, so the lines are calculated from 2 points(the start and end of the first 5 waves of the instrument).. so what i can do for the random lines is have you give me two random numbers for CL and YM tomorrow and we will compare the lines your numbers made for each instrument against the lines for the researched points that are currently use, and then see if the indie holds water..
for CL any number between 1 and its current price, and for YM 1 and its current price. i guess no 'tricky' numbers like its actual current high, or numbers that are 1 point apart as im not sure how the indicator would function..

2011-10-06_2133 - madLyfe's library

dont believe anything you hear and only half of what you see

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  #230 (permalink)
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Random thinking


I love this experiment. If you were't so ethical you could sell a random line generation service and retire!

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