|
|
|
|
|
|
|
|
His main achievement is his attempt to formalize the methods of the technical analysis which are difficult to describe mathematically, that is to give a clear and simple algorithm.
For example, it is not so simple to formalize a correct choice of the points when a trend line is built. If traders are asked to build a trend line on the same chart we will get three quite different perceptions of the market.
Thomas DeMark made quite a successful attempt to formalize the process of the technical analysis to delete this ambiguity and carelessness.
|
|
The general direction of the market.