Archive for March, 2010

Market Profile Indicators

Monday, March 1st, 2010

QUIVINCO has developed NeuroShell Trader indicators implementing Market Profile technology. Testing of the prototypes has proven very promising on some markets. The vast majority of market timing indicators incorporate a period constant, while markets periodicity actually varies. This discrepancy usually results in a tendency for conventional indicators to produce long runs of losing or winning trades, and therefore poor equity curve linearity. The new indicator uses statistical measures instead of periodicity, thereby helping to reduce the effect of discordant constant selection. Currently the project is migrating to OpenCL for enhanced performance.