An Idea, from Victor Niederhoffer

2010-12-23 · Victor Niederhoffer
Original source

I propose as one measure of trend, the number of runs of exactly x or more y day changes up or down in a market.

For example:

exactly                          # of times 10 day sp change up

1                                                  220

2                                                 153

3                                                 132

4                                                 109

5                                                 101

6                                                  91

7                                                  85

8                                                  80

9                                                  76

10                                                71

11                                                56!!!

12                                                48

13 or more                                  398

A 10 day change is up if today's close is higher than the close 10 days ago.