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Herman vandenBergen wrote:
> *What definition of "Trend" does he use?*
> **
> *herman*
According to definitions in his book:
*Trends* -- three kinds; short-term (days->weeks), medium-term
(weeks->months), long-term (months->years). all trends are active at the
same time and can be at opposite directions.
*UP Trend* -- longterm; higher mediumterm tops, higher mediumterm lows.
*DOWN Trend* -- longterm; lower medium-term tops, lower medium-term lows.
*Primary swing* -- medium-term; at the same direction as *UP trend*
*Correction* -- medium-term; significant medium-term move opposite to
*UP trend*; usually 33-67%.
moreover:
1) both DJIA and DITA must go through their last lows/highs in order to
say "trend has changed" (dow jones theory)
2) *confirmation day* -- the day when the second index confirms change
of trend; mediumterm move; new trend begins.
using these definitions he made statistical distributions of trend's
duration and range.
to do this I thought that zigzag with would be appropriate with
different settings for medium moves and long term moves.
cheers,
BM
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