Hi matt i am curios why not use % for symmetry break instead of
whole numbers? For example Is not the same % a $30 break from 2,400
than a $35 break (symmetry break) from 2,550. The $30 break is
higher in % terms.
I personally round symmetry that indicator is a beta version
didn't bother doing any of that. However symmetry for
symmetry break there's a little art to it like anything in TA.
If a move was 3.66 points and another move was 3.7 points,
would I call that a break in symmetry, NO. I'd generally like
to see a move of say 4 or 5 points. However your example of
SPX 2450, rounding to nearest 50 points is nuts. Again it's
all relative to the time frame you are following as well. On
a daily chart if the SPX had 20 point pullbacks - then I might
count 25 poitns as enough for a sym break. On a fast 3 min
intra day chart, if the largest bounces intra day were 3 points,
then I'd count a 4 point bounce as a symmetry break, it's all
relative and that's why I said it's more common sense and
feel.
Hi matt i am curios
SPX 60 min
Posted by cuqui69 on 12th of May 2017 at 07:06 am
Hi matt i am curios why not use % for symmetry break instead of whole numbers? For example Is not the same % a $30 break from 2,400 than a $35 break (symmetry break) from 2,550. The $30 break is higher in % terms.
just some comment will be apreciated it.
regards
I personally round symmetry that
Posted by matt on 12th of May 2017 at 10:43 am
I personally round symmetry that indicator is a beta version didn't bother doing any of that. However symmetry for symmetry break there's a little art to it like anything in TA. If a move was 3.66 points and another move was 3.7 points, would I call that a break in symmetry, NO. I'd generally like to see a move of say 4 or 5 points. However your example of SPX 2450, rounding to nearest 50 points is nuts. Again it's all relative to the time frame you are following as well. On a daily chart if the SPX had 20 point pullbacks - then I might count 25 poitns as enough for a sym break. On a fast 3 min intra day chart, if the largest bounces intra day were 3 points, then I'd count a 4 point bounce as a symmetry break, it's all relative and that's why I said it's more common sense and feel.
Ok, thanks for your comments
Posted by cuqui69 on 12th of May 2017 at 01:54 pm
Ok, thanks for your comments