Ben Cowen's risk metric costs around $95 per month to gain access. Using machine learning and econometric toolboxes in Matlab, I have created a model which accomplishes nearly the same goal as the Ben Cowen Risk Metric. I decided to make this, because if you are younger or in college, new investor or whoever you may be.... you may not have $1200 sitting around to buy into the Ben Cowen premium list, which is how you gain access to this model... I feel as though however, you still deserve to have access to a model which can accurately help you determine where market cycle tops and bottoms may occur. In fact if you are a young investor, the opportunity cost and eventual lost profit from spending $1200/yr is massive when compounded over time. It is kind of backwards that only the wealthy investor should have access to information which makes them more wealthy. Here is a picture demonstrating the similarity between these models. I wanted to add... this is not plagiarized, Ben does not give out any indication as to what goes into the model, he doesn't specify what type of analysis he performs, nor what data he uses. The extreme similarity in the models comes likely from the fact that we are performing a similar type of statistical analysis and possibly using a very similar data set. Regardless of method of statistical analysis used, both models come to similar (in my opinion) accurate conclusions. I also went a step further and coded this model into TradingView. I will distribute the tradingview indicator soon once I am done making some changes to the code. I also explain in detail how to use this model on my youtube channel. I am new to youtube, I am mostly making data analysis videos. Information on the model will be posted everyday at the start of my videos until I decide how to best distribute the model to anyone interested, rest assured the model will be free. Here is a link to the video describing how to use this model, also check back in within the next few days... I will announce the method by which I will distribute the model on my channel : https://youtu.be/OYeBdFx2sEc Below is the model as it is currently coded in tradingview. I intend on making some upgrades to this indicator before I send it out. DCA Index Model in tradingview For those wondering, we are currently at a 58/100 on the DCA Index. [link] [comments] |
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