V. 20:1 (44-47): Price Persistency by Gordon Gustafson

V. 20:1 (44-47): Price Persistency by Gordon Gustafson
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Price Persistency by Gordon Gustafson

Interested in measuring a short-term trend? Hereís an indicator you can use.

For years, academics have made the case that price movement is random: future price changes are unrelated to past price changes. Although they are random, runs occur in any series of data. Knowing something about these runs can add valuable information to any trading program.


Price persistency is the number of days that a market continues to close either up or down. Itís another term for a market run. As an indicator, price persistency is a measure of a very short-term trend based only on the history of the marketís movement, unfiltered by any complex calculation; all it involves is counting.

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