|
PureBytes Links
Trading Reference Links
|
Roy:
No argument. All I want is to have a current 5-days price, volume indicator
chart. Just using the metastock weekly chart means that the chart is 1 to 5
trading days old.
Lionel Issen
lissen@xxxxxxxxxxxxxx
----- Original Message -----
From: "Roy Larsen" <rlarsen@xxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Sunday, December 16, 2001 7:12 PM
Subject: Re: floating weekly data
> Lionel
>
> Be very careful about backtesting trading system formulas that make
> decisions based on floating x number of days. Because the floating value
can
> change as each new bar is added this is rather akin to using
> Peak()/Trough()/ZigZag(). Historical results can look amazing but cannot
be
> achieved.
>
> I've been down this track and am convinced that data must be anchored
> (referenced) to some point in the past. This is not to say that looking at
> the last 5 days is of no use when examining a chart.
>
> Roy
>
> > Tech support said that this couldn't be done.
> >
> > I got this from Guppy's site, Q & A. After a little fussing it worked
> >
> > I know you can set the Periodicity to 'Weekly', with each bar
representing
> a
> > week - Monday to Friday, but I would like a floating week, i.e. each bar
> to
> > represent the last 5 days, can MetaStock do this?
> >
> > This can certainly be done! Click on the Periodicity button on the Chart
> > Toolbar and select the 'Other.' option (if you can't see it, select
Daily
> > and try again). Now set the number of Periods to 5 - or whatever number
> you
> > like. The other way to do this is to right click on the X-Axis, select
> > 'X-Axis Properties' and then the Periodicity tab.
> >
> > Lionel Issen
> > lissen@xxxxxxxxxxxxxx
> >
> >
> >
>
>
|