Greetings,
i am a beginning trader who has a specific question about Mr Bill Williams application of the Chaos Theory on the markets.If anyone read his book i would really appreciate an explanation to apply the 5th Dimension.I will quote:
page 151(the balance line)
"In our research,we constructed a histogram to measure this distance but found that it was almost the same as our 5/34 Awesome Oscillator and proved to be redundant when using the AO"
Then he proceeds to pull some moving average out of his sleeve and doesnt explain how he does the transition from this momentum indicator "Awesome Oscillator" to his "Balancing line".Pardon my ignorance but english is not my native language.I would really appreciate if anyone who understood this part of his trading system could break it into dumber english for me.
I found his approach rather interesting and it will most likely turn out to be rather useful after i refined it to fit my personal needs and beliefs
Thanks in advance,some desperate random trader
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