A short spoken segment from a YouTube video by Kosta Ouzas introducing a very simple power-law market indicator. The speaker describes a straight-line power law that has held for a long time, cites a 60% deviation as a reference point, and says the trend aims to balance large peaks and bottoms.
Today I want to show you this particular indicator. This one is very simple, is the simplest possible form of a power law. Basically, you see that straight line that is the power law. You know, it has held for a long time. Basically from the beginning, I usually show this deviation that is one of a point of reference for the power law is basically these 60% deviation. So if you look at the general trend that goes kind of a compromise between these very large peaks that we observe and the bottoms, right? So it's trying to keep a balance between these two.
