Combining Multiple Predictions in a Committee

There may be times when you want to combine the results of multiple fields into a single field. For example, You may have multiple prediction fields and want to combine those values into a single predicted value. You may also have several entry/exit system signals and want to form a consensus signal. Either of these tasks can be achieved using a committee field.

Creating a Committee Field

To create a committee field, open the Create a Field Wizard and select to create a new field to Combine multiple signals or values using a committee. This will begin the Create a Committee Wizard.

The Create a Committee Wizard begins with the Select Fields page, which allows you to select which fields will be used to form the committee. Any number of fields can be used in the committee. In addition, specific fields can be given multiple numbers of "votes" in order to shift the value in favor of a particular field.

Ä    Note: Committees basically take the average of the values of selected input fields. Fields with multiple votes are simply included in the average multiple times. Therefore, giving every field in the committee three votes will have the same effect as giving all of the fields one vote.

The wizard concludes with the Select Name page. TradingSolutions provides several suggestions for names for the new field based on the entry/exit system and inputs selected. Any of these names can be used directly from the combo box, or you can enter your own. The name of a field should be something meaningful so that you know what the values in the field are without having to see how they are calculated.

&  For help creating a committee of signal fields, see Combining Multiple Signals in a Committee.

&  For help with predictions, see Predicting and Modeling Financial Data.