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Hi Tomasz,
You might want to conceder changing how things work at some stage.
Take a look at Ensign (always good to keep an eye on the competition:-))
- I think its pretty innovative when it comes to drawing and visualisation
tools in general - probably the state of the art. I raised the exact
point you mention below to the developer and they introduced a 'square chart'
scaling method (e.g.constant y points per x
time).
Once you have your scale 'fixed' as it would be on paper then
these tools can be used to trade consistently . There are other benefits
e.g. you can see shifts in momentum and volatility much more easily (the bars
get bigger/smaller) when the charts aren't re-scaling themselves
dynamically. This is critical for a variety of studies (including things like
fans and speed lines) anything where price and time interact. Wave59 is another
package that offers 'real world' scaling.
You are quite right though, if you do not have a constant aspect
ratio Euclidian geometry is pretty meaningless!!
Cheers,
Nick.
Hello,
Yes this is "normal" i.e. it works the same for all "old
style" charting tools that assume fixed X:Y ratio,
and it works the same in other t/a packages.
These tools were invented long time before computers were
used, when all charting was done
MANUALLY on PAPER and there was no possiblity to zoom.
The biggest misconception that
"inventors" of these tools made was assumption of fixed scale
and constant geometrical shape (i.e. "circle").
The misconception is that they forgot that scale may change
and one can not have fixed "circle" shape and independent X-Y zooming
(scaling) at the same time.
Personally I think that those "old style" tools are not useful but there were so many requests to add them - so I added
them.
Best
regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
Sent: Wednesday, April 26, 2006 10:15
AM
Subject: [amibroker] fibonacci arc
issue..
please see the attached image.
the fibonacci arc shifts
relative to price with zoom in...
is this normal ? if not how to
rectify this?
did i miss something? or didnot use it properly.?
--
Rajeev
For Live Data System
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