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Re: The Chimp`s "Forex Trades"
Sundowner
Enjoyed the change of pace and subject.
They have some good lively minds at tsd but I have avoided the temptation of working thru the threads, too many distracting thoughts.
See they are looking at fisher transform, don't know if they also play with fft (fast fourier transform) but those transform things are powerful if only indicators had a more scientific basis. In electronics there are books written on the use of a single transform (there are many) and they are fundamentally useful for turning a complicated problem into a simple problem with a simple answer. What Walter is doing, using volume as one axis on a chart in place of the time axis, that is a dimensional transform, it gives a different view of the same setup, a cleaner view is a better view. The fisher transform can do a similar thing, but it needs to be approached in a systematic way and you need first to do transforms of each of the common tools like emas, design the indicator using those transformed versions, then do the reverse transform of the components to get back to the real world indicator design. I no longer have the brains or the time to into it but it tempts me, it nags at me like midas does with the volume transform thing. The more I look at it the less likely it seems that forex volume will properly support the midas thing, but I still feel forex volume has something positive to offer, even if it isn't the thing we most want.
Sorry for rambling on.
Cheers PY
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