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> If not, then doesn't this make building and testing
>indicators in TS and running them in RS a bit risky???
>
> - Mark Jurik
Yes. And more than a bit. Anyone who is even considering looking at
RadarScreen needs to understand this.
Since the indicator values used as triggers in RadarScreen are not the same
as those generated using TS (they are not even close) what good is
RadarScreen at all? You test with one set of values using TS then RS (your
screening tool!) calculates things differently. I'm amazed that the Omega
bashers haven't jumped all over this one.
RadarScreen is useless except as a glorified quote monitor or for use with
triggers that involve no calculation.
The Omega Man
----- Original Message -----
From: Mark Jurik <mark@xxxxxxxxxxxx>
To: 'Omega List' <Omega-list@xxxxxxxxxx>
Cc: <ojohnm@xxxxxx>
Sent: Saturday, July 17, 1999 2:48 AM
Subject: RE: RadarScreen Help
>
> Howard Jackson[SMTP:hrjf4@xxxxxxxxx]:
> >>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. <<
>
> One way to test this is to plot Xaverage(close,20) in both RS and TS on
the same data stream. Are the results equal?
>
> How about when they have benn colecting data for a while? Are the results
equal then?
>
> If not, then doesn't this make building and testing indicators in TS and
running them in RS a bit risky???
>
> - Mark Jurik
>
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