Re: [amibroker] A Composite problem with High and Lows

["Tomasz Janeczko" <amibroker@xxxxxx>]

Herman,
 
This is very simple: ^NDX Highs/Lows are calculated from 
actual index value calculated every few seconds by the exchange
so this is 'real' High and Low that was actually reached 
during the day.
If you calculate composite by adding individual High/Lows from 
component you get "theoretical" High/Low that WOULD be reached
IF all symbols hit the High / Low at the same time. 
Theoretical 'high' is higher than real one and theoretical 'low' is lower than 
real one.
 
Best regards,Tomasz Janeczkoamibroker.com
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Herman vandenBergen 
  
  To: <A title=amibroker@xxxxxxxxxxxxxxx 
  href="">AmiBroker 
  Sent: Friday, December 26, 2003 11:06 
  AM
  Subject: [amibroker] A Composite problem 
  with High and Lows
  
  <SPAN 
  class=270211809-26122003>Why do the Highs and Lows (Candle Shadows) in my 
  composites become useless?
  <SPAN 
  class=270211809-26122003> 
  The NDX and QQQ 
  Candle plots have normal looking shadows... nice to work 
  with.
  <SPAN 
  class=270211809-26122003> 
  However the Highs 
  and Lows in my Composites have lost all meaningful properties...Most shadows 
  in the composite extend up and down to about the same extend while this 
  is not the case with the NDX and QQQ. 
  <SPAN 
  class=270211809-26122003><SPAN 
  class=270211809-26122003><SPAN 
  class=270211809-26122003> 
  I want to perform 
  Candle Analysis on my Composites, how can I create composites with more 
  meaningfull Shadows, like they occur in the QQQ and NDX? 
  <SPAN 
  class=270211809-26122003> 
  <SPAN 
  class=270211809-26122003>herman
  [Code used to 
  create the composite is at the bottom of this email]
  <SPAN 
  class=270211809-26122003> 
  <SPAN 
  class=270211809-26122003> 
  <IMG alt="" 
  hspace=0 src="jpg00400.jpg" align=baseline 
  border=0>
  <SPAN 
  class=270211809-26122003> 
  <FONT 
  face=Arial>Buy<FONT 
  color=#000000>=Sell<FONT 
  color=#000000>=Short<FONT 
  color=#000000>=Cover<FONT 
  color=#000000>=0<FONT 
  size=2>; <FONT 
  color=#0000ff>AddToComposite(<FONT 
  color=#ff00ff>1,<FONT 
  color=#ff00ff>"~N100comp",<FONT 
  color=#ff00ff>"V"<FONT 
  color=#000000>); AddToComposite<FONT 
  color=#000000>(O<FONT 
  color=#000000>,"~N100comp"<FONT 
  color=#000000>,"O"<FONT 
  size=2>); <FONT 
  color=#0000ff>AddToComposite(<FONT 
  color=#ff0000>H,<FONT 
  color=#ff00ff>"~N100comp",<FONT 
  color=#ff00ff>"H"<FONT 
  color=#000000>); AddToComposite<FONT 
  color=#000000>(L<FONT 
  color=#000000>,"~N100comp"<FONT 
  color=#000000>,"L"<FONT 
  size=2>); <FONT 
  color=#0000ff>AddToComposite(<FONT 
  color=#ff0000>C,<FONT 
  color=#ff00ff>"~N100comp",<FONT 
  color=#ff00ff>"C"); 
  
  <SPAN 
  class=270211809-26122003> 
  <FONT 
  face=Arial>SetForeign<FONT 
  color=#000000>(<FONT 
  color=#ff00ff>"~N100comp"<FONT 
  face=Arial>); <FONT 
  color=#0000ff>PlotOHLC(<FONT 
  color=#ff0000>O/<FONT 
  color=#ff0000>V,<FONT 
  color=#ff0000>H/<FONT 
  color=#ff0000>V,<FONT 
  color=#ff0000>L/<FONT 
  color=#ff0000>V,<FONT 
  color=#ff0000>C/<FONT 
  color=#ff0000>V,<FONT 
  color=#ff00ff>"N100comp",<FONT 
  color=#ff00ff>1,<FONT 
  color=#ff00ff>64); 
  
  <SPAN 
  class=270211809-26122003> 
  <SPAN 
  class=270211809-26122003> Send BUG 
  REPORTS to bugs@xxxxxxxxxxxxxSend SUGGESTIONS to 
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