Re:Study to Filter Bad Ticks/Gaps/etc.

[DStan34930@xxxxxxx]

Thanks Bob for saving Randy's code.

  With the recent reactions by the market to the 2nd-last Fed easing, it's
become more difficult to determine if a tick is real or bad. In either case, 
I prefer to get on the sidelines. 
  Below is a Paintbar I made for the S&P. The input settings are the
actual settings I prefer. I determined that a 4-tick chart(based on my
own fill experience) would be the
slowest possible setting to exit a short trade with the least amount of
damage had I experienced the misfortune of being short.
  The paintbars have also hi-lited actual bad ticks during this contract.  

dbs

{ZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

apply to 4-tick chart

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZ}



vars:Rng(0),out(0),avrng(0);

inputs:x(100),dev(3.8);

{ZZZZZZZZZZZZZZZZZZZZZZZZZZZZ}

rng=H-L;

avrng=average(rng,x);

if avrng>0 then begin
  if rng>=dev*avrng then out=1 else out=0;
end;

if out=1 and currentbar>=100 then

plot1(H,"A");
plot2(L,"B");