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I find that the amount of tick data available has a bearing on the tick
chart patterns displayed. Over time, with a large number of ticks
available, the tick charts normalize. Alas, Amibroker limits of tick
data stored make this normalization difficult. Tradestation, on the
other hand, allows the user to specify the amount of tick data a user
can store, so the user can control the process better.
Regards,
Ed
Tomasz Janeczko wrote:
>Herman,
>
>----- Original Message -----
>From: "Herman van den Bergen" <psytek@xxxxxxxx>
>
>
>>[snip]
>>I have long given up on the assumption that stock data, from any source, or
>>candle patterns, are true. Designing exclusively around Limit orders and
>>letting the trade pass if I don't get in is the name of the game for me but,
>>as always, more experienced traders may have a different opinion ;-) we all
>>have to find our own way of coping with an imperfect world.
>>
>>
>
>Well it depends what you call "true". If "true" means the same between different
>data vendors then EOD data are "true" because they are officially reported by exchanges
>after the trading session.
>
>Intraday data however are based on real-time market activity and thus
>prone to errors due to bad ticks that may or may not be corrected later by
>the data vendor.
>
>Best regards,
>Tomasz Janeczko
>amibroker.com
>
>
>
>
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>http://www.amibroker.com/
>
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