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A "simple 4:1" split as you so dismissively refer to it, enhances the a company's equity by a multiple of 4 and also the quantum of float that is moving around in the market, though not necessarily by the same quantum. That my friend, changes the demand-supply dynamics of the company's stock as also the perceptions of the market participants about it. Which I hope you will be kind enough to concede will start impacting the price movements too. So in summation yes a split warrants new trend lines. However if you want to stick to an analysis that was relevant to a situation that existed in the past, and not re-do the analysis in the light of the changed situation, all you have to do is let the old trend lines remain.
R
On 4/28/07, Prashanth <prash454.ta@xxxxxxxxx> wrote:
Hello,
If you use AFL coding to draw the
trend lines, it gets changed because after you split, new Highs and Lows are
used to write new trendlines.
But if you have inserted a trendline
manually btw the low point and the high point, how do you think the software
will know about it. You are actually drawing a line btw two points in terms of
value. No matter what happens to the chart, the line remains static without any
change. If you have a scrip which has been split, you will have to re-draw all
trendlines afresh.
Cheers
Prashanth
----- Original Message -----
Sent: Saturday, April 28, 2007 5:35
AM
Subject: Re: [amibroker] Re: Trendlines
displaced after split
A bit heavy handed of a reply IMHO --DId you really read the question?
I
am generally impressed by the helpfulness of the posters on this
board
--you must have had a bad day today.
The help does not tell how to get
study trend lines automatically
included in a split operation, or even if
it is possible.
I tried this out on a sample, and the trend line was not
adjusted, so
the previously trend line was hanging in the air.
The
AB split operation is still a bit of a mystery to me. Doing a
backfill
operation after a split gets me confused real quick.
Deleting a symbol
that was split and then adding it again is just as
confusing. I end up
doing a lot of undoing of splits by reverse
split. I have not looked into
what I or AB might be doing wrong yet,
but it is not intuitively obvious
to me. I have not done an
exhaustive search for answers about split at
this point.
Dennis
On Apr 27, 2007, at 4:26 PM, dingo
wrote:
> Let's see now... You opened the help file; clicked on the
Search
> tab; typed
> in "split" without the "'s; clicked the
List Topics button and you
> didn't
> like the first answer it
gave you?
>
> And the answer to your question is
NO.
>
> d
>
>> -----Original
Message-----
>> From: amibroker@xxxxxxxxxxxxxxx
>>
[mailto:amibroker@xxxxxxxxxxxxxxx]
On Behalf Of ruthieflodberg
>> Sent: Friday, April 27, 2007 3:54
PM
>> To: amibroker@xxxxxxxxxxxxxxx
>>
Subject: [amibroker] Re: Trendlines displaced after
split
>>
>> Are you supposed to redraw every singel
trendline just because of a
>> simpel 4:1 split, to get them back in
place? Can somebody
>> tell me
that?
>>
>>
>> --- In amibroker@xxxxxxxxxxxxxxx,
"ruthieflodberg"
>> <ruthieflodberg@xxx>
wrote:
>>>
>>> After a 4:1 split my trendlines are
completely displaced. Does
>> anyone
>>> know how to
solve this?
>>>
>>> Best
Regards
>>>
>>
>>
>>
>>
>>
Please note that this group is for discussion between users
only.
>>
>> To get support from AmiBroker please send an
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>> SUPPORT {at}
amibroker.com
>>
>> For NEW RELEASE ANNOUNCEMENTS and other
news always check DEVLOG:
>> http://www.amibroker.com/devlog/
>>
>>
For other support material please check also:
>> http://www.amibroker.com/support.html
>>
>>
Yahoo! Groups
Links
>>
>>
>>
>>
>
>
>
>
Please note that this group is for discussion between users
only.
>
> To get support from AmiBroker please send an e-mail
directly to
> SUPPORT {at} amibroker.com
>
> For NEW RELEASE
ANNOUNCEMENTS and other news always check DEVLOG:
> http://www.amibroker.com/devlog/
>
>
For other support material please check also:
> http://www.amibroker.com/support.html
>
>
Yahoo! Groups Links
>
>
>
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