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Jim Dean

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Subject : RE: Pivot Points (7) Indicator
Posted : 1/19/2014 5:17 AM
Post #30666 - In reply to #30665

Chaikin and CCI don't use hindsight.

This pivots thing is the nature of the beast - it's true in any trading analysis tool, not just OT.

And your reactions to it, both hopeful and back to earth, are quite typical, so don't feel badly.

The only things in OT that use hindsight are pivots drawn on the screen, Market Reversal exits (and strategies that use them), and the "Current+N Forming Bar" higher-timeframe models (and in some cases the "-N" Forming Bar options) in the System Block, Filter block, and Confirm block of strategies. The latter two of those three blocks do offer non-hindsight Current+N models which are "safe" (Previous and Dynamic).

That, in a nutshell, completely covers the ground re hindsight cautions. It's only a tiny part of the wealth of stuff that OT offers. So, don't fret about it, just be aware and use those things with proper caution and understanding.

[Edited by Jim Dean on 1/19/2014 5:20 AM]

Deleting message 30666 : RE: Pivot Points (7) Indicator


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