Detecting Peaks and Troughs

[davewolfs 10]

I'm sure there are many ways to do this, but are there any well known algorithms out there to identify what points are peaks and troughs on tick data regardless of time period.

 

Thanks,

 

Dave

[Eric Johnson 10]

Hi, I suppose that since indicators are built on math, they are related. I put together a package of paintbarred indicators that assist me in seeing fairly precise turning points for long term and short term trends.

What I found was that tick charts were generally smoothing of the indicators, but still useful.

The chart shown is only one of the many combos in the program. The thread is called Technical Indicator tools. I focused on the power of 50% as seen in so many places in trading. Such as half wave, double the channel width for breakout top, fib #, and the ambush trade. I was able to paint bar the 50% of a trend by indicators, for extrapolation of price turns.

Edited December 28, 2008 by Eric Johnson

[Tams 20]

I'm sure there are many ways to do this, but are there any well known algorithms out there to identify what points are peaks and troughs on tick data regardless of time period.

 

Thanks,

 

Dave

 

 

 

there is an EasyLanguage program called ZigZag.

it was originally written for minute charts, but can be modified to use in a tick chart.