Hines ratio by Ray Hines
ARTICLE SYNOPSIS ...Hines ratio
by Ray Hines
In 1982, I found the best way to design an indicator that stays with a trend until it has run its course is to
isolate the factors that correlate highest with the price trend and monitor their intensity.
The relative intensity of correlating factors is the primary influence on price behavior and overcomes the
weakness of ""fixed"" trend indicators that contain the analyst's preconception of what length a trend
should be.
This result forced me to become an even bigger fan of investor emotion and the monetary areas because
of their powerful influence on price behavior...
AUTHOR: Ray HinesDATE: APR 1989