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I’ll respond to the above later on.
Looking forward to that!
As to CS “session” reset or anchor – the BEST point is major swings. How to find one and make it automatic? Simple… use plain ZZ indie… we don’t care, in this case, that it’s lagging…
Nice idea, but my coder’s brain initially asks: ‘which’ ZZ in particular? We’re analyzing 8 currencies, based on either 7 USD pairs or all 28 crosses – depends on personal taste.
I’ve looked at one notable point in time, where AUD and USD are forming large opposite peaks to each other, and ZZ is (to no-ones surprise) showing a bottom there. Then I looked at all other USD pairs and marked the closest ZZ bottom of that pair by a vertical line – see pic.
5 bars to choose from for a potential reset. Which one is the correct pair to choose for a reset? Maybe reset the whole correlator based on NZDUSD pair? I’m not sure – just thinking!
This may lead to a high frequency of resets, and I’m not sure that we really need that.
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A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)