Hi everyone.
I've joined this community in 2009, though I hardly post on here. Just been a lurker for the past couple of years while agonizingly pursuing a PhD in cognitive sciences in the flat land of the Netherlands
I wanted to start a thread concerning non-traditional indicators. By that, I kind of have an idea for two types of indicators.
Cognitive: indicators that do not have assumed interpretation of outcome, but rather offer an certain view of the world for the trader to interpret. I realize that traders often rely on several indicators to determine buy/sell decisions, but what about indicators that offer a certain composite view that provides the trader with a new perspective? Of course you could argue that many existing indicator already fit in that category, but what I'm interested in knowing is whether indicators exist for that sole purpose and not meant to be a part of an EA.
Neural: indicators that rely on a neural network output to provide, just like above, that kind of composite perspective. Neural networks provide forecasts with a varying degree of error, but taking forecasts and errors together, certain market views can be formed.
My aim in this thread is to create a discussion amongst beginner and experienced traders alike, regarding the manner in which they prefer to trade, to see if an indicator of this kind is worth developing. My goal is to develop tools that assist traders in understanding the market on a cognitive level and within a perspective they feel comfortable with. I believe that such indicators can be of very high value when combined with traditional EA's.
I hope this thread will generate the anticipated discussion!
I've joined this community in 2009, though I hardly post on here. Just been a lurker for the past couple of years while agonizingly pursuing a PhD in cognitive sciences in the flat land of the Netherlands
I wanted to start a thread concerning non-traditional indicators. By that, I kind of have an idea for two types of indicators.
Cognitive: indicators that do not have assumed interpretation of outcome, but rather offer an certain view of the world for the trader to interpret. I realize that traders often rely on several indicators to determine buy/sell decisions, but what about indicators that offer a certain composite view that provides the trader with a new perspective? Of course you could argue that many existing indicator already fit in that category, but what I'm interested in knowing is whether indicators exist for that sole purpose and not meant to be a part of an EA.
Neural: indicators that rely on a neural network output to provide, just like above, that kind of composite perspective. Neural networks provide forecasts with a varying degree of error, but taking forecasts and errors together, certain market views can be formed.
My aim in this thread is to create a discussion amongst beginner and experienced traders alike, regarding the manner in which they prefer to trade, to see if an indicator of this kind is worth developing. My goal is to develop tools that assist traders in understanding the market on a cognitive level and within a perspective they feel comfortable with. I believe that such indicators can be of very high value when combined with traditional EA's.
I hope this thread will generate the anticipated discussion!