THIS IS A PIMA FRACTAL.
PIMA is a giant moving average ribbon divided into 6 layers, each of those subdivided into 6 to 8 moving averages. Each color layer has matching bollinger bands.
1. left is gold futures 4H bar
2. right is gold futures 12H bar
3. the indicator you see on these charts is the same one, PIMA 4.1, here are technicals:
a. orange wave = 36 to 104 months (roughly)
b. navy/purple wave (I can't tell) = 12 to 36 months (roughly
c. gray wave = 4 to 12 months
d. red wave = 4 months to about 5 weeks
e. blue wave = smaller
f. black wave = yet even smaller
So? What you have here is an "infinite moving average fractal", not just composed of 2 random MA's like 50/200 or what have you. This is to say when I make a forecast, this is how I start forecasting, not with 2, 4 or 15 MA'S but a minimum of 45 and repeated 6 times for different bar sizes or more. And I seriously I don't even use this indicator any more bc compared with INFINITE REGRESSION indicator, this one is is horrible for forecasting. PIMA Is GREAT FOR TRADING, so so for forecasting that is why you NEVER SEE ME POST THIS ONE ANYMORE. PIMA has one very useful application that I will post next week.
I had 2 more examples to post but out of time now.
PIMA is a giant moving average ribbon divided into 6 layers, each of those subdivided into 6 to 8 moving averages. Each color layer has matching bollinger bands.
1. left is gold futures 4H bar
2. right is gold futures 12H bar
3. the indicator you see on these charts is the same one, PIMA 4.1, here are technicals:
a. orange wave = 36 to 104 months (roughly)
b. navy/purple wave (I can't tell) = 12 to 36 months (roughly
c. gray wave = 4 to 12 months
d. red wave = 4 months to about 5 weeks
e. blue wave = smaller
f. black wave = yet even smaller
So? What you have here is an "infinite moving average fractal", not just composed of 2 random MA's like 50/200 or what have you. This is to say when I make a forecast, this is how I start forecasting, not with 2, 4 or 15 MA'S but a minimum of 45 and repeated 6 times for different bar sizes or more. And I seriously I don't even use this indicator any more bc compared with INFINITE REGRESSION indicator, this one is is horrible for forecasting. PIMA Is GREAT FOR TRADING, so so for forecasting that is why you NEVER SEE ME POST THIS ONE ANYMORE. PIMA has one very useful application that I will post next week.
I had 2 more examples to post but out of time now.
Note
**** What I mean to say here is 2 or even 3 or 4 lines crossing MEANS NOTHING unless you have the rest of the picture? Why? This is because you don't know WHEN IT WILL TURN. Sometimes it crosses and then crosses back the other way AND THEN it turn back to to finally cross. Some time it turns up JUST AT THE point of crossing. But how would you know unless you had all the layers? But my research has proven that it LRC curves are MUCH MUCH MORE accurate than MA curves.Note
**** The periods I posted are wrong. For 12H bar chart periods are EXACTLY HALF OF NUMBERS ABOVE. For 4H bar chart, they are exactly 1/6.Note
The bar count is the same.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.