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Mark,
What possible relevance does the OR user group have to do with Natural Hour
bars? My only comment was that it would be nice if there was some more
flexibility with the way that the bars are configured. As I look at the
postings I see that Bill Wynne made a suggestion for a solution to my
comment. Do you have any possible solutions for changing the time that bars
start on?
As for your other comments;
see below
eric langley
----- Original Message -----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: Eric Langley <elangley@xxxxxxxxxxx>
Cc: Jimmy Snowden <jsnowden@xxxxxxxx>; .Omega List <omega-list@xxxxxxxxxx>;
Eric Langley <usergroup@xxxxxxxxxxx>
Sent: Friday, March 10, 2000 12:19 PM
Subject: Re[2]: Natural hour bars
> Hello Eric,
>
> EL> Jimmy,
>
> EL> Natural hour bars are just not very flexible since it just makes the
first
> EL> bar start on the half hour or hour.
>
> A natural hour bar is what it says "a natural hour" NOT a natural half
> hour as you state. This alone discounts to even a greater extent
> your comments below. That along with your obvious proudness to be
> associated with a Omega Research Group which is typically comprised of
> newbies who actually know very little about actually trading.
Yes User Groups have some or many newbies. Is that bad?
>
> EL> Your bar size also has to be divisable into 60 or it doesn't work.
This is from the OR help file. Forgive me for quoting the help file. %
Previously I tried to use 45 minute bars with natural hour bars and it would
not create signals properly. That is, the only signals that were created
occured when the 45 minute bars lined up on the hour, not on every bar.
-
Natural Hour Bars
Natural Hour bars enable you to force your bars to open and close on hour
breaks regardless of the market's opening session time. For example, if the
trading session for a symbol begins at 9:15 a.m. and you are plotting
30-minute bars, the first bar would use data from 9:15 - 9:45 a.m., the next
bar data from 9:45 - 9:15 a.m. and so on.
However, when using Natural Hour bars, your charting application will plot
the first bar using data from 8:20 - 8:30 a.m., so that the remaining bars
use intervals that fall at hour breaks. You must use a time interval that
divides evenly into 60, or the open and close prices of your bars will not
fall on the hour break.
Note Natural Hour bars can only be used when collecting real-time intra-day
time-based data.
{** © 1987 - 1999 Omega Research, Inc. **}-
In reading this help file again it seems the OR has made a context textual
error. They first mention starting at 9:15 and then in their example use
8:20 as the start time. el
>
> And so tell me of the great scientific expedition you have made -
> armed with your TS no doubt as your sole utility. That led you to
> belive that bar size has to be divisible into 60 or it doesn't work.
Rina Systems. What other products do you use?
see above %
>
> Mark Brown
> deeper south anti users group.
>
>
> EL> eric langley
> EL> Deep South Omega Research User Group
> EL> www.4trader.net/DSORUG
>
>
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