The collinearity table was especially helpful. I've been heavily studying (and applying) Renko chart trading and your videos have been super helpful in that regard! Cheers!
Hi @samhall2050 - very good question. I think it comes down to the pre-computer days. Leading technical analysts set up brand new indicators back in the day with 14 periods as the default eg Welles-Wilder with his RSI, ATR and DMI for example. I think more specifically 14 because back then that number after being tested worked and is also a good balance between responsiveness and stability, flexibility and adaptability - you start to filter out more of the noise at these numbers. Also once these stuck I remember even in the early 1990s that you had to do charts by hand so it was very difficult to change inputs / variables / test - so you believed what the experts were telling you!! Hope that helps? regards Stephen
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The collinearity table was especially helpful. I've been heavily studying (and applying) Renko chart trading and your videos have been super helpful in that regard! Cheers!
Great to hear @twmn56 - glad I could be of assistance. Regards Stephen
Why do u think that many indictor are based off 14 periods? Or set to default of 14. Is it bc its almost three weeks of trading thx
Hi @samhall2050 - very good question. I think it comes down to the pre-computer days. Leading technical analysts set up brand new indicators back in the day with 14 periods as the default eg Welles-Wilder with his RSI, ATR and DMI for example. I think more specifically 14 because back then that number after being tested worked and is also a good balance between responsiveness and stability, flexibility and adaptability - you start to filter out more of the noise at these numbers. Also once these stuck I remember even in the early 1990s that you had to do charts by hand so it was very difficult to change inputs / variables / test - so you believed what the experts were telling you!! Hope that helps? regards Stephen
@@TheStopHunter Yes ! thank you for the thourough rresponse. excellent vidoes !!