Pitstock support questions &
Jan: Hi Kiwi,
I love your chart program! I noticed something, and am
wondering if there's an adjustment I don't know about.
The sliding MA is not "reading" the same as any
of my other charts. Say I am viewing ^IXIC, and I click
down to 5 DMA - the reading is different than any of my
other charts. StockCharts & ProphetCharts say 5 SMA
2009.16 (or 5 EMA 2008.88) - Pitstock Chart says about
2035 (according to the Cursor Tracking). So far, I've
tested to see if the discrepancy has anything to do with
log vs. linear, or SMA vs EMA, but I don't think so. Can
you enlighten me?
The Ma is a simple Ma using OPEN prices for the
calculation. I use open prices for trading systems...this
way the Ma wont change value during the course of the
day. E.G. you get a buy signal at the open (this cannot
Using a closing price that Buy signal could disapear as
the day unfolds.
Note: Ma changes color when stock OPENS above or below
I will add option to use the close prices later for you.
Also, how do you run the Candle Scan? I bring up the
Candle Scanner, choose a Sector, and hit "Scan
List", but the only thing that comes up is ITWO with
a 'marubozo down', but that isn't the candle that ITWO
ended with today. What am I doing wrong, or not doing?
Thanks for letting me check this out!
To do a candle scan update the whole list of stocks
before scanning. There are some data bugs that may give
you the odd wrong candle. But overall scan should be
ITWO didnt come up when I scanned 20 mins after the bell
I obviously I have a lot more programming to do.
If you were to take your trend line program, extend the
lines in the direction of the trend, then back test for
average top edge to lower edge for at least one year,
then project it forward in the trend line channel should
you not get a most probable buy/sell signal and time
frame for two cycles, regardless of where the index is
headed for swing trading any stock ? you stated the other
that you had a trading program but could not factor in
the commision and make it work, why is that ? I would
think that would that would only be a function of number
of shares traded per trade.....Keep up the good work.
The commission math is very simple...the point I made is
the best systems I tested (*thoroughly) could only make
enough to pay the commissions.When I get my auto
trendline code done I will start plans for next stages. I
figure I have messed round on the website enough for now.
So its back to working on my auto trendline code, which I
have to redo from scratch now because I am changing the
format for easier faster calculation.
When the auto trendline code is completed we can look at
how to back test it (like the cycles you described or
other scenarios).Thanks you for your interest and input.
P.S. The auto trendline code is tricky as hell.
(*thoroughly: I could write a whole chapter just on this.)
If you have any
questions email us Dals68Kiwi@Aol.Com