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Good. We agree. So therefore I cannot do this task in metastock as it
stands.
So reverting to my original request, do you know of a 3rd party app that can
do the task? Is there an equis programmer who can give some insight into a
compression algorithm that could be implemented to carry out the task?
It seems strange that I can take hourly data and display them as daily or
weekly bars, whereas I cannot display them in an interval somewhere in
between (4h, 6hr, 12hr etc). In fact while on the subject can you please
check with the work-in-progress and confirm that consideration is in fact
being given for implementing this feature in a future release of metastock
pro.
Thanks again.
Essan Soobratty.
Equis Support wrote:
> 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.
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