This is my first post here I think so I won't get into name calling too much but TN7 always comes across as such a T*T. Likewise with his endless tirades against FXCM and 'protecting newbies'. How come someone trading such large size is thinking about trading with them? And while not perfect there are FAR worse brokers out there he could bust his spleen berating.
Now the thing he's always banging on about but will never reveal as it's 'top secret' his price deltas etc. Well it very much sounds like, to me, that what he's inferring is a bit of calculus (maybe not even calculus, perhaps a bit of trigonometry could do it as we're talking about gradients):
Change of price against change in time i.e. gradients INSIDE a bar. Now say with an hour or 4 hour bar you can see this by looking at a smaller timeframe chart and marking lines for open, high, low and close (but with the problem of perception bias due to zoom level) but with 5 minute etc we're going to be down to ticks.
I think what he's talking about is that for a fixed time period n we will have a number of internal time periods which tell us direction and magnitude of momentum. With this we can know better (if after the calculus part stats are also run to gauge probabilites, which will take an age because as far as I can see it would have to be done live with tick data if, for example, that a pin bar really is a pin bar and not just a bar that looks like a pin bar. Say for a long, if it's a real pin bar time taken from open to low will be slow-ish as price meanders down , time from low to high or close is going to be very quick and price movement large as all those orders fire off at the trigger level.
So that's just for one bar but say for a green rat entry we'd probably also need to consider the previous bar - there could ba a large down red bar with a long tail followed by a small green bar. Long of the green bar could be a good entry, there again price may have already stalled and it's going back down. So, looking at price against time for last bar low to this bar open, last bar open to this bar low etc etd would also be relevent.
But even then, after you've got your indicator showing gradients you need to know the optimal gradient patterns and greadients to enter on, which ones are most likely statistically to succeed? And to know that you're going to have to run real-time stats. Once you have those stats they could be incorporated into your indicator - maybe if gradient from candle low to close is 60 degrees we have a 80% chance of a good trade entry that will take off but if the gradient is higher than 60 degrees price is likely to have moved too far too fast and be more likely to stall or fall etc etc etc.
I can kind of undertstand what he's getting at in his obtuse way, wouldn't it be nice to SEE something and stattistically know it's good from a quick peek at an indi rather than sitting there watching the movement of a bar unfold and then still not being really sure of what's going on? Whether it's actually of any use, well you'd have to do a LOT of hard work to find out wouldn't you? And someone just going on the interent and basically saying 'look how clever I am' isn't really very impressive.
Either spill the beans or shut your mouth, ya know? :