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Hello DH,
thank you. very helpful, although discouraging.
any idea how qCharts handles this matter?
--
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxxxxxxx
Saturday, April 06, 2002, 2:36:40 PM, you wrote:
>> All that doesn't really get to my problem in that the indicator only
>> uses up and down ticks, not total tick volume or unchanged ticks.
D> Okay, now you've gone and opened the can of worms..... :-)
D> EL doesn't know anything about unchanged ticks. They are all either
D> upticks or downticks in Omega's infinite wisdom.
D> In TS4, if the last tick was an uptick and this tick is unchanged, it
D> will be counted as an uptick as well. Likewise, if the last tick was a
D> downtick and this tick is unchanged, it will be counted as a downtick.
D> When TS2K was released, it didn't work the same way. As I recall (I
D> could be wrong) it counted all unchanged ticks as upticks. Anyway, lots
D> of people complained about it. I don't know if it ever got
D> fixed/changed.
D> TS6? Who knows?
D> Bottom line, if you are counting upticks and downticks, use the print
D> log and do lots of testing to see exactly what is going on. Different
D> data feeds and different TS versions may give very different results for
D> the same code.
D> My own experience with Blau's tick stuff on TS4 was I got VERY different
D> results on the big SP future and the mini ES, using the same data feed,
D> because of the difference in the number of ticks and the way they are
D> reported. Of the two, I thought the mini was probably more reliable but
D> I decided it was too tempermental to be useful for trading.
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