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Mike Medved

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Posts posted by Mike Medved

  1. The only difference I see is in the second-to-last sequence, where MT terminates it earlier than Stockcharts. It may be due to some minute difference in timing of quotes. The rule for PSAR is that if the new point that is calculated on the upward sequence is higher than the low of the candle on which it falls, the PSAR switches directions. From what you're showing, that white dot is *right* on the low, so either that minute difference in quotes between the two systems has caused the condition to trigger or Stockcharts implemented it comparing it to close instead of low. Hard to tell.

     

    I also see the same boundary condition on one of the prior sequences. Could be same problem...

     

  2. ok well that makes for a lot of complications. For example, are the invisible "tick candles" evenly spaced just like they would be if it was a tick candle chart? If so, displaying the tick lines would be difficult and a bit inconsistent visually, since they would have to stretch/squeeze into the candle widths.

    Alternatively, if tick lines were displayed time-based, but only the indicators were calculated on the "tick candle" points that were not evenly spaced, that would be even more difficult, because internally the whole machinery is set up to be on evenly spaced points.

  3. bigdec, the question I posed was: where would MT take the value of the 50 daily SMA from? It cannot calculate it from the intraday data. It can only calculate it from the historical data for the symbol, and there is no guarantee that the historical data is there or that it is up to date. If you never opened a historical chart for the symbol, and never backfilled on the historical chart, or if you did that, but a few days ago and not since, MT would have no way to calculate the value.

     

    What *you* could do, if you wanted to, would be to open a historical chart for the symbol, put a 50 day SMA on it, note the value, then put a horizontal line indicator on the intraday chart with that value. Yes, it is a bit of work, but you would only have to do that once per day.

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  4. bigdec: what does "daily SMA" mean in this case? MT can show you a lot of days of data on intraday charts. A session for a stock is 6.5h = 390 minutes. If you do SMA(1170) on a 1-min chart, that would be a "3 day SMA". If you have 20 or so days on your chart, that SMA would be pretty accurate.

  5. Send me (support@medvedtrader.com) a pic of the indicator from that other system on some stock - let's say MSFT 1 day historical chart. Make sure to use the "high/low" setting on the indicator. Tell me what the parameters are. I will check on it.

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