|
PureBytes Links
Trading Reference Links
|
Each 4 hr bar would need to use the correct data from all bars during
that 4 hr period, yes.
So, the 2nd 4 hr bar uses the open from the 5th 1 hour bar of the data,
and the highest high and lowest low from hour 5 through 8 and close from
bar 8 and total volume from bar 5 through 8.
The 3rd 4 hour bar uses data from bars 9 through 12, etc.
Equis Support
http://www.equis.com/
http://www.equis.com/customer/support/
Please include previous email answers and questions in your response.
Equis and MetaStock and MetaStock Professional are registered trademarks
of Equis International. Achelis Binary Wave, The DownLoader, Expert
Advisor, OptionScope, Quotecenter, and Smart Charts are trademarks of
Equis International.
-----Original Message-----
From: Essan Soobratty [mailto:trader@xxxxxxxxxxxxxx]
Sent: Friday, June 11, 1999 11:21 AM
To: metastock@xxxxxxxxxxxxx; support@xxxxxxxxx
Subject: Re: Metastock Pro: Data Compression
Thanks for the swift response.
Okay I follow you so far. Your routine described below would work for
the
first 4hr bar. But what about the next. If you just move 1 bar (60min)
forward in time and run the same procedure you'll have a correct opening
value for 2nd 4hr bar, but the H, L & C would be wrong as they would be
driven off of 60min bars 2,3,4 &5; would they not? Or am I missing
something?
Thank you in advance for your patience.
Essan Soobratty.
Equis Support wrote:
> You don't need the actual compression algorithm to do this. Take the
> open from the first hour of the four hour period, the highest high
> during the four hour period, the lowest low during the same four hour
> period, the last close during the same four hour period, and the total
> volume during the same four hour period. That would be the data
> necessary to make a four hour bar.
>
> Equis Support
> http://www.equis.com/
> http://www.equis.com/customer/support/
> Please include previous email answers and questions in your response.
>
> Equis and MetaStock and MetaStock Professional are registered
trademarks
> of Equis International. Achelis Binary Wave, The DownLoader, Expert
> Advisor, OptionScope, Quotecenter, and Smart Charts are trademarks of
> Equis International.
>
> -----Original Message-----
> From: Essan Soobratty [mailto:trader@xxxxxxxxxxxxxx]
> Sent: Friday, June 11, 1999 8:57 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Metastock Pro: Data Compression
>
> I trade mainly FX (spot and futures). Metastock pro works fine for
> displaying the shorter timeframes (hourly & lower) as well as dailies
> etc. But I am still perplexed as to why the programmers did not
include
> the ability to display data in, say, 4hr bars (240mins).
>
> Does anyone know of any 3rd party data compression program that would
do
> the job? Lets say I have data collected in 60 min bars. What I want
to
> do is take the data file (ms, excel or text) and compress the data
into
> 4hr bars. The resulting data I could then chart in excel.
>
> At the end of '98 I sent a suggestion to Equis to have this feature
> included but have not heard anything back.
>
> Any ideas anyone?
>
> Equis: Any chance one of your programmers could help out by providing
> the details of the compression algorithm currently use? I could then
> make the necessary adjustemt and implement it in excel/vb.
>
> Essan Soobratty.
|