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Re: [Metastockusers] "P" variable and time frame MS 7.21 EOD



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Steve

> The question is - Can I use the "P" variable on a daily chart of the
> index yet run the exploration with weekly data, and visa versa?
>
> If I can this could be useful in determining general market trend
> using a weekly chart of the index with something like MACD binary
> signals, but explore daily stock data.
>
> Steve

The "P" value returned from the daily chart will equate to the properly
aligned daily value in a weekly exploration. In essence, date will line up
with date.

The current RSI value in a daily chart will still have the same value if
called by a weekly exploration. If your exploration were to call the RSI by
referencing back 5 periods then the value would equate to the Friday value
on the daily chart five weeks ago.

If "P" is from a daily chart then a weekly exploration will not convert "P"
to weekly but will use the appropriate Friday, or current bar, value. Where
any lookback is involved then the Monday through Thursday values of "P" will
be ignored.

I'm not sure how the reverse would work but it should be easy to check.

Roy



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