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At 9:42 AM -0400 9/20/98, Sentinel Trading wrote:
>I use intraday P & F to identify breakouts but change the box size and
>reversal to suit the market action. I use a box size that is 10% of the 9
>day avg range, and 30% of the avg. range for reversal size. This works
>well for me as I can adjust to suit narrow range days and not get
>whipsawed as much. What I don't get is writing systems based on P &F
>charts. I've looked at Pierre's P&F .DLL but don't get it. Can anyone
>provide any insight.
When using P&F charts with intraday data, be very careful of bad ticks.
They cause lots of extra reversals and generally make the chart patterns
suspect.
Really useful P&F charts on intraday data would require very good filtering
for bad ticks, which there is no way to do with TradeStation.
Bob Fulks
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