Hi all, first time poster here.
I am a big fan of Bill Williams Gator system, however much of the discussion around it applies to how the OHLC bar is constructed. However in my data sets I am working with, I only have the close; nothing intra-day.
Three questions:
1. Is this so big of a limitation as to invalidate most technical systems?
2. Bill Williams writes that he constructed his balance line parameters using "nonlinear feedback calculus" (whatever that is...), however I am finding that there are more optimal configurations. Should I be concerned in deviating from the 13,8; 8,5; 5,3?
3. How can one identify the bearish/bullish divergent "bars" (points in my case) without an OHLC? Certainly the angulation can be calculated, but is this is losing idea that one could find the divergent points without OHLC?
Any suggestions would be greatly appreciated!
I am a big fan of Bill Williams Gator system, however much of the discussion around it applies to how the OHLC bar is constructed. However in my data sets I am working with, I only have the close; nothing intra-day.
Three questions:
1. Is this so big of a limitation as to invalidate most technical systems?
2. Bill Williams writes that he constructed his balance line parameters using "nonlinear feedback calculus" (whatever that is...), however I am finding that there are more optimal configurations. Should I be concerned in deviating from the 13,8; 8,5; 5,3?
3. How can one identify the bearish/bullish divergent "bars" (points in my case) without an OHLC? Certainly the angulation can be calculated, but is this is losing idea that one could find the divergent points without OHLC?
Any suggestions would be greatly appreciated!