Trend Direction And Probability: The Bull Bear Index by Mike B. Siroky, MD
Have you ever thought of defining trend in terms of probability rather than in terms of momentum? Here’s a different way to think of trend.
“Trend” is a deceptively intuitive concept, yet remains difficult to quantitate. Trend is most commonly defined in terms of momentum, which is simply the first derivative of price. Here, we will look at trend in an entirely different manner, defining trend in terms of probability ...