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thx Yarroll. Your results of 50% success were in fact larger than I recall earlier studies came up with which was 40%.
Perhaps what is now required is an extremely tedious task of recording the candlesticks at every turning point and building a new
table. Perhaps there is still some merit of wrapping birch bark around your head or eating mouldy bread, but like these ancient
treatments candlesticks is perhaps in drastic need of improvement in potency.
I don't think its a task for AB users in general though. Unless it can be shown that candlesticks are so bad they are useful
contrarian indicators.
P
----- Original Message -----
From: "Yarroll" <komin@xxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Monday, October 08, 2001 4:48 PM
Subject: Odp: [amibroker] Re: Candlestick-Analyzer
> Frankly I know of NO candlestick formations (recent or otherwise) which
> would consistently pick out any regularities in price movement whatsoever.
> I've spent a lot of time backtesting them over a large enough (I think)
> dataset of index futures.
>
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