Symmetry Scout
Exploring Market Possibilities
Inspired by the innovative concepts in J. Welles Wilder’s “The Adam Theory of Markets,” Symmetry Scout is a pioneering indicator for the Thinkorswim platform, designed to offer traders a speculative glimpse into one possible future of market movements. It draws on the principle of market symmetry, suggesting that by examining mirrored patterns in recent price action, traders can speculate on potential future trends.
To maximize the benefits of Symmetry Scout, traders are strongly recommended to read Wilder’s “The Adam Theory of Markets.” Understanding the book’s core concepts will deepen traders’ insights into the indicator’s methodology and enhance their ability to apply it effectively. The book lays the theoretical groundwork that Symmetry Scout builds upon, offering a comprehensive strategy for interpreting and navigating financial markets.
Symmetry Scout stands as a testament to the idea that, while markets can be analyzed, their future cannot be predicted with certainty. This tool encourages traders to view patterns with an open mind, considering one possible outcome based on the continuation of very recent market behavior. It’s crucial to understand that Symmetry Scout, like any analytical tool, does not predict the future. Instead, it provides a strategic framework for speculation, grounded in the philosophy of observing current market conditions without the bias of past performances.
This indicator is a nod to Wilder’s legacy, offering a modern approach to trading that emphasizes the potentialities rather than certainties. Symmetry Scout is for traders who value informed speculation, providing insights based on symmetry while acknowledging the inherent unpredictability of the markets.
In essence, Symmetry Scout is not just about forecasting; it’s about equipping traders with a perspective that considers one of many possible futures, reminding us of the importance of flexibility and open-mindedness in the ever-evolving world of trading.
Why Symmetry Scout? It’s simple: with each candle close, Symmetry Scout updates its projections, ensuring you’re always working with the most current data. This dynamic adjustment means the tool evolves with the market, reflecting the latest price action to suggest one of many potential future scenarios.
2024 Feb 02: Update
Symmetry Scout has been updated to include the most popular indicators—RSI and MACD.
