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
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 !!