Trend Line Plots

[Gringotts Bank]

I think GP meant this code only as an 'eyeball' guide for the current trend. It's pretty good for that purpose alone, keeping in mind that new data will move the last shown line. Then again, new data will sometimes change your manually drawn trendlines, won't it?

If Kaveman's caveats are applied, in order to make it valid for backtesting, (possible) it would lose a large chunk of its effectiveness. So, it can't be used 'as is' for backtesting, but for discretionary traders, could be useful.

 

[LimitBid100]

Have you done any backtesting of any trading strategies based on your trendlines? If so, are the results any good?

Cheers,

LimitBid

 

[tarmie]

Hi tech/a:

Thanks for your suggestion, i understand that the formula is future looking and it may produce wrong signals in real trading...

But i was wondering if it was possible to avoid peak/trough/...zig zag and use something/ some way to avoid that auto adjustments....

Ramp seems good and they must be using some good logic...what could be something like that......