hot tuesday, page-105

Treggs

I am aware like most that they remove "noise" but although have looked at P&F I have never traded on that basis.

My experience has been that by changing configurations on longer term charts you can generate trends all over the place.

That is probably just my ignorance.

It seems to me that they don't allow for log action in the longer term.

In the short term there seems to be too much latitude for reversals like Donchian lines etc.

These sort of things seem to work well in good trending markets and in minor consolidations but can be financially destructive in prolonged large range trading.

If I could describe the greatest potential indicator, it would be the one that can inform you whether a trend was in effect or that the market had changed to range trading.

It has eluded me, but with that, trading would be a snack.