|
Hi
thank you Tomasz for implementing range bars.Since they
are in the beta status please allow me some
remarks:
Range bars are "meant to be" constant range bars.
In order to make it robust one has to set the range, and that range
has to be predicted from the future and we know that this is impossible to
be 100 % accurate. You will never know exact range needed for bars to
be constant ( unsplitted or whatever one calls it ). That also applies for
ticks data.
I think the misunderstanding comes from the fact
that Tomasz has to convert/translate TIME bars into RANGE bars. Better
will be to think in therms in coverting pure PRICE range to CONSTANT
range. Sort of Renko philosophy or Tick bars.
In the end why not let the user choose to unsplitt or
split range bars // of course if not too much code
intensive//.
Sincerely
Drazen
----- Original Message -----
Sent: 23. srpanj 2007 10:11
Subject: Re: [amibroker] Range Bars -
was: Re: AmiBroker 4.97.0 BETA released
Hello,
> This
> helps spot patterns such as
for example 3 Range bars up then 1 down
> then again 3 Range bars up 1
down.
The point is that you can not say for sure that the pattern
really occurred
if range of 4 happened inside one 1-minute bar. You don't
know if it was
4 up bars and then 1 down. It could be 2 up bars, 1 down and
3 up.
Or 1 up, 1 down and 4 up. Or thousands of other combinations.
You
don't know. That's the point.
You can not rely trading on something that is
based on wild guesses and those
guesses are mostly wrong.
More info
in my previous response that you have removed from the reply:
http://finance.groups.yahoo.com/group/amibroker/message/113212
That's
why I say:
use *tick data* to create range bars or use ranges that are
larger than
any 1-minute movement. The same advice you will find in any
software
that support range bars.
Best regards,
Tomasz
Janeczko
amibroker.com
----- Original Message -----
From:
"c776162" <jvissari@xxxxxxxxxxxxxx>
To:
<amibroker@xxxxxxxxxxxxxxx>
Sent:
Monday, July 23, 2007 12:40 AM
Subject: [amibroker] Re: AmiBroker 4.97.0
BETA released
> --- In amibroker@xxxxxxxxxxxxxxx, "Tomasz
Janeczko" <groups@xxx>
>
> Hello Tomasz,
>
>
I did read the Readme before I posted and understand your
> logic,
however most people who want to use Range bars want then to
> filter
out movements betwean ranges, ie they are not interested in all
> the
zig-zags, only the zig-zags where the range has been reached. This
>
helps spot patterns such as for example 3 Range bars up then 1 down
>
then again 3 Range bars up 1 down.
>
>
>
>
> 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
>
>
>
>
>
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
<*> To visit your group on the web, go
to:
http://groups.yahoo.com/group/amibroker/
<*>
Your email settings:
Individual Email |
Traditional
<*> To change settings online go
to:
http://groups.yahoo.com/group/amibroker/join
(Yahoo! ID required)
<*> To change settings via
email:
mailto:amibroker-digest@xxxxxxxxxxxxxxx
mailto:amibroker-fullfeatured@xxxxxxxxxxxxxxx
<*>
To unsubscribe from this group, send an email to:
amibroker-unsubscribe@xxxxxxxxxxxxxxx
<*>
Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
__._,_.___
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
![]()
SPONSORED LINKS
__,_._,___
|