This thread includes the results of a research I've been doing with TZs (Transient Zones). What exactly are TZs? They're zones of prices within a pub which aren't touched to right and the left of the TZ pub within a particular number of bars. They could be called pivots spikes, supply/demand areas, resistance/support areas, breakouts, etc. However, for the purposes of this thread let us call them TZs.
I will assume that you already have an understanding of TZs and their nomenclature (h, k, transience, recurrence, etc.). I suggest reading the start of this thread, which has been created by if you do.
The purpose of this thread is to demonstrate the effectiveness, or ineffectiveness, of TZ systems from the most unequivocal manner possible, using the statistical analysis of previous data. Thus all probabilities are not theoretical. I encourage other folks to post their results in a manner that is similar. And that I discourage people from posting remarks about TZs with no figures to back up them. Personally Im not biased towards TZ systems way. Im only interested in the advantage they might provide. And when a system provides no edge, I will be using it.
At the moment, I am still undecided about whether to post any of my progr that create these figures. There are many reasons for and against this. Currently I am more in the against camp. It could be argued that posting results without the code is meaningless and untrustworthy, but I guess that if anyone feels about the results and the systems then they ought to write their own progr or analyse their own charts to establish or disprove them. That is exactly what I'd do instead of relying on someone .
Edit 04-May-2015: I've posted the key indior TZJ3 (with viewable source code) to the ribbon within this post.
Unfortunately, like many of us here, my online time is quite limited so please bear in mind. If something comes up there may be lengthy gaps between articles. If you have any queries or comments kindly be grateful if you could ask them than in PMs. Thanks.