Tech-Note: Explaining Aspect Of The Predictive/Forecating Model
05 MAR 2015 - Tech-Note:
Friends,
A quick explanation of what TG-Hi, Lo and TG-Hix and TG-Lox are - Cut/pasted from a private message:
WHAT ARE TG-Hi/Lo; HOW DO THEY COMPARE TO TG-Hix/Lox?
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TG-Hi and TG-Lo are are named target, as opposed to numbered target, hence called nominal target.
Nominal targets represent a low-probability level of being attained, but a high-probability level of reversal if and once price gets there.
Hi refers to the bullish placement relative to price, whereas Lo is its antipod, bearish placement.
Because the markets will be subjected to a varying degree of momentum, the model also ascribes a much lower, and in fact, rarer occurrence, whereby price would reach an extreme reversible level, which explains the "x" in the targets, or TG-Hix and TG-Lox.
All TG-Lo/Hi targets will be in RED, whereas their extremes will be in PURPLE.
Most recently, I have added numbers in BLUE which represent trigger level that, if reached, should prompt the trader to turn to a higher timeframe, in the order of 4 times the current frame (e.g.: M15 x 4 = H1, H1 x 4 = H4, ... etc) as attainment of this level is simple the rarest of events, and suggests a higher-frame interference by typically better funded players, stronger institutions - This augmentation in timeframe should be done even once the purple target is in effect and the technical analysis should be redrawn or at least re-considered at the newer, higher frame, simply to preempt any cooptation by stronger actors - I will post this explanation on few other charts as well - Thank you for asking and remaining curious. - David Alcindor
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... cont'd in thread ...
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David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
See our All-Time TradingView Top Authors:
- www.tradingview.com/people/all/
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.
Friends,
A quick explanation of what TG-Hi, Lo and TG-Hix and TG-Lox are - Cut/pasted from a private message:
WHAT ARE TG-Hi/Lo; HOW DO THEY COMPARE TO TG-Hix/Lox?
----------------------------------
TG-Hi and TG-Lo are are named target, as opposed to numbered target, hence called nominal target.
Nominal targets represent a low-probability level of being attained, but a high-probability level of reversal if and once price gets there.
Hi refers to the bullish placement relative to price, whereas Lo is its antipod, bearish placement.
Because the markets will be subjected to a varying degree of momentum, the model also ascribes a much lower, and in fact, rarer occurrence, whereby price would reach an extreme reversible level, which explains the "x" in the targets, or TG-Hix and TG-Lox.
All TG-Lo/Hi targets will be in RED, whereas their extremes will be in PURPLE.
Most recently, I have added numbers in BLUE which represent trigger level that, if reached, should prompt the trader to turn to a higher timeframe, in the order of 4 times the current frame (e.g.: M15 x 4 = H1, H1 x 4 = H4, ... etc) as attainment of this level is simple the rarest of events, and suggests a higher-frame interference by typically better funded players, stronger institutions - This augmentation in timeframe should be done even once the purple target is in effect and the technical analysis should be redrawn or at least re-considered at the newer, higher frame, simply to preempt any cooptation by stronger actors - I will post this explanation on few other charts as well - Thank you for asking and remaining curious. - David Alcindor
----------------------------------
... cont'd in thread ...
----------------------------------
David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA
-----
Twitter:
@4xForecaster
LinkedIn:
David Alcindor
See our All-Time TradingView Top Authors:
- www.tradingview.com/people/all/
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.
