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BZZZZZTT ! Wrong, Howie. In fact you have proven my point.
Some indicators, such as exponential averages, require long
periods to stabilize. Using the minimum bars back guarantees
faulty results.
AND... TS4 does not accumulate variables based on variables
during the MaxBarsBack period. (I will bet that Omega did
not change this in TS2K.) More unpredicatble results.
Unless you spend a lot time testing each of your indicators.
(I explained this less than a week ago. How long have you
been on the list, Howie?)
Thanks for the info, though. I was thinking that RadarScreen
by itself might be useful. Now I see it would just be a lot
more wasted time to discover the "features" and figure out
work-arounds.
donc
Howard Jackson wrote:
>
> what is all this BS about RS?
> Wrong theory there, and unjustified bash to go along
> with it...
> what RadarScreen does is apply the indicator ONLY to
> the last bar of the "chart". So if you have a 10 bar
> moving average then RS will load 10 bars and run the
> indicator through them, getting the value of the
> average for those 10 bars but it will NOT step through
> old data. Haven't you noticed that there is no "First
> and last date" or "days back to load" option anywhere?
>
> This I discovered after working with the program and
> EZL support for a while. Apparently they are trying to
> save us from ourselves, not letting the program load
> tons of historical data for hundreds of symbols all at
> once...
>
> And by the way, bouncing ticks is a great feature...
>
> H
>
> --- DonC <countach@xxxxxxxxxxxxxxxx> wrote:
> > >Subject: Re: RadarScreen Help
> > > Date: Tue, 13 Jul 1999 19:13:07 -0400
> > > From: "Richard Park"
> > <rnpark@xxxxxxxxxxxxxxxx>
> > > To: "Sanders, Jeff"
> > <JSanders@xxxxxxxxx>, "Omega-List (E-mail)"
> > <omega-list@xxxxxxxxxx>
> > >
> > >Jeff,
> > >
> > >You need to check with Omega on this, but I believe
> > the reason is that
> > >RadarScreen does not save the values of variables
> > at the end of a bar.
> > >They get reset to zero at the end of each bar.
> > Thus your trend count
> > >could never be more than one.
> > >
> > >Best regards,
> > >
> > >Dick
> >
> > Another great design "feature" of TS, along with
> > bouncing ticks,
> > alert-on-every-tick,
> > don't-save-variables-during-MaxBarsBack,
> > and don't-save-the-day's-open-in-case-of-a-crash.
> >
> > donc
> >
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