Py M) (Pt M, Py M). So MMI obviously does not improve all trades. For this were making an assumption: Trend itself is trending. This experiment will be the topic of the next article, in about a week. Discuss and respond to private messages instantly. So Im now going to test what the Market Meanness Index does to the collection of the 900 trend following systems that Ive accumulated. Try our new iOS app! Prices have always some serial correlation: If EUR / USD today is.20, it will also trade off strategy definition be tomorrow around.20. Streaming real-time"s on the. Thus each pair represents a price change from.
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Together they pinpoint market turning points and changes in trend direction. Thus, the MMI function should return a smaller percentage, such as 55, when fed with prices. True, the MMI will rise in such a situation, but it will also rise when the market becomes more random and more effective. If the MMI function is fed with perfectly random price changes from a perfectly efficient market, it will return a value of about. The Data series may contain prices or price changes. What people are saying about the Better Trading Indicators. Nl; else if(Datai m Datai Datai-1) nh; return 100. Better Sine Wave, better Sine Wave analyses Price cycles and trends. So the MMI wont tell us the next price, and it wont tell us if the market is mean reverting or just plain mean, but it can reveal information about the success chance of trend following. However when MMI is falling, chances are good that the next beginning trend will last longer than normal. The Better Momentum indicator pinpoints these turning points and plots bullish/bearish signals. Remember, if youre trading with just price-based indicators, youre missing out on 2/3rds of the available information.