EES is developing a system of Classification and Identification for trading systems, indicators, and related files. The system will be based on existing international standards, modified for appropriate trading applications.
During recent market analysis, some words and descriptive terms are lacking to describe certain market events. EES will use existing scientific standards as a template to name our own systems and develop a trading nomenclature.
For example, we are developing an indicator that will determine market "velocity" which is the 'speed' of the pair divided by the time.
Another example, how does a trader measure the amount a pair may fluctuate in a range? It would calculate the amount of times the price crosses a line, or multiple lines, inside a trading range.
http://en.wikipedia.org/wiki/Centimetre_gram_second_system_of_units
http://en.wikipedia.org/wiki/Communications_protocol
To participate in this development, see the thread in eesfx.com:
http://eesfx.com/eesfx/index.php/forum/14-fx-systems/11-classification-and-identification.html
