Modeling the markets with Bezier curves by Mark Angel
ARTICLE SYNOPSIS ...Modeling the markets with Bezier curves by Mark Angel
The Bezier curve, also known as a B-curve, is a mathematical construct for tracing a smooth path between a series of key support and resistance points. B-curves, which were created as an industrial engineering method, are also a powerful new tool for understanding and predicting commodity markets.
A quick glance at a price chart reveals a tortuous winding path of bars pulled first in one direction and then another by unseen forces. The march of prices is rarely linear. Frequently, the market appears to steer a meandering course between fl...