2009.03.12 THE TREND

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TheRumpledOne
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2009.03.12 THE TREND

Postby TheRumpledOne » Sun Apr 12, 2009 5:48 am

2009.03.12 THE TREND

Image

The "trend is your friend". How many times have you heard that?

How do you determine what the trend is? A magic moving average? What time frame? How about a bunch of squigglys all over your chart? How about an equation that you need a masters in mathematics to understand? The more complex the formula, the more accurate... right?

It's so simple!!

Pick a point some time ago and note the price. Compare the current price to the noted price. Is price UP or DOWN? THAT'S THE TREND. Remember, trend is RELATIVE to the OBSERVER just like Einstein proved.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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lukx
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Postby lukx » Sun Apr 12, 2009 2:46 pm

TRO...

Chg % i assume is the difference form start price till today.
And what is Rng% ?

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TheRumpledOne
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Postby TheRumpledOne » Sun Apr 12, 2009 3:54 pm

Chg% is (current price - open price of the user entered DATE/TIME) / open price of the user entered DATE/TIME.

Rng% is where the current price is, in percent, in relation to the highest high(100%) and the lowest low(0%) since the DATE/TIME.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

Rakiura
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Postby Rakiura » Wed Mar 30, 2011 8:16 pm

TRO

Would you be so kind as to tell me what the MP_;... Indicator is that you are using in the above screen shot?

Thanks

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