MetaTrends by R.G. Boomers
ARTICLE SYNOPSIS ...MetaTrends by R.G. Boomers
Many of the tools of technical analysis are based on an interval of time. The question that always gets asked concerning such tools is, "What is the best interval?" So
Just when you thought you'd seen everything in charting, along comes a new idea. what is it? All intervals! That's right, use 'em all! At the same time! The technique is known as MetaTrends, and I'll show you how they are formed.
First, plot an ordinary graph of stock prices. For my purposes here, I use the Dow Jones Industrial Average (DJIA) from 1924, but you could use any time perio...