Cohort Share Discussion Threads

[mgmoore] 30/3/2004 11:38

As you said in an earlier post the 60min includes the auction, so why is that formula so different from the 30,15,10 mins. I accept that the 5&1 would need some other type of adjustment.

[hooya] 30/3/2004 11:29

Ive asked once more for him to address the thread after his "chat" session but not holding my breath. Im though if he really knew the extent of thr issue he would be fuming with the idea the way they do it "is correct" as DAvid says

[mgmoore] 30/3/2004 11:26

Sounds familiar.

[hooya] 30/3/2004 11:20

well my question got ingored on intercast LOL

[mgmoore] 30/3/2004 09:26

Hooya

Is it just you and me that find this annoying. I think we are saying what the silent majority are thinking. But Advfn seem to be working on the principle that it is just a few of us, so no need to rush.?????? Are you ADVFN

[hooya] 30/3/2004 08:07

candles showing a move down at the open but if you put on the "yesterdays close "line you will then realise it was a gap up. Have we even tried to set the open to yesterdays close yet?

[hooya] 29/3/2004 09:10

How are hourly candles created.

8-9
9-10
10-11
11-12
12-1
1-2
3-4
4-8:30??? or go you stop at 4:30 and draw a new candle on the UKX at 8am

[hooya] 26/3/2004 08:07

was also going to ask? why does the 60 min chart finish at the auction?

[hooya] 26/3/2004 07:58

David, just out of interest how har would it be to set open= official close. The code cant be that difficult?

[leeshindig] 25/3/2004 19:32

lol....

sounds like a new thread title to me...:)

[hooya] 25/3/2004 19:25

thanks Lee. It does worry me but I tell you getting the point across to ADVFN has been an effort. I just cant see how they can call it an acurate representation of the data. RSi and things do vary across charting packages etc so thats a tough one to call. But as a trader you have to confident in the data is acurate. I am completely nackered now......hasnt helped my trading either today. been trading with my head instead of my chart!

btw was speaking to someone the other day who reckons the data we get from ADVFN and other charting companies might be upto a 5 second delay!!!! So that will be my next mission...is Live streaming data live? :-)

[leeshindig] 25/3/2004 19:10

come across this on moonies thread...apparently this guy used to be some t.v analyst.....


hatman - 25 Mar'04 - 18:09 - 1722 of 1723


To answer all your questions: I use 14 days for the RSI. Do NOT rely on the ADVFN charts because their underlying calculations are incorrect for both RSI and MACD. I use Sharescope at home.

In the case of both ANL and CW. (both had nice moves today), look for higher lows on the RSI in divergence with lower lows on the share price. Such a conflict is particularly powerful if the RSI reading is below 30. The standard procedure is to buy when the RSI pops upwards through 30 although if there is a sequence of several higher lows a brave investor could nibble in anticipation of an upwards break.

The opposite applies at readings above 70 - look for higher highs in the share price in conflict with declining peaks in the RSI. The standard procedure is to sell or go short when the RSI declines back down through the 70 level.

I'm sure you all know this stuff anyway.

[hooya] 25/3/2004 16:43

yup so if tomorrow gaps down I will be happy because I will make money on my short but be unhappy because a higher high will not have been registered.

[mgmoore] 25/3/2004 16:41

Obviously we care. We have thew same problem today.

close on charts at 61.2 but on ukx streaming 73.6.!!!!!!!!!!!!!!!!!

[hooya] 25/3/2004 15:44

good point


edit:LoL the FBB version of this got no posts and had already dropped down 4 pages!!..

[mgmoore] 25/3/2004 15:42

I don't mind it not showing the gaps, but I do feel that the auction is part of the previous days trading, therefore should be represented within that day.
The opening on the following day is not necessarily a continuation of the sentiment of the previous day. You will not always get gaps, alot of the time the first trade will be overlapping, but where sentiment has changed or hardened, why not a gap. They sometimes happen during the trading day, why not overnight.

[hooya] 25/3/2004 15:18

The standard is to do it from the opening but it would be good the way you have suggested as it would show the gaps.....but remember this would make the daily candles wrong? they would start from the gap???. Thats why think if you know the close is pre auction and open in post auction you can woek out the close on any chart and any gap on the daily chart would be due to the auction which you could ignore?

[leeshindig] 25/3/2004 15:17

after reading the thread header properly I do actually have an opinion after all...

it was the line chart that done it for me...the lower low that should be shown...That could cost people good money...maybe it didnt, but it could.
Its a disgrace, and data/chart providers should have bugs like this ironed out before they sell it to people....but I suppose its like microsoft with there never ending updates to programs


I have checked AIQ real time alerts charting package hooya..(after big molly pointed it out) and you can create space on the right hand side of your charts to draw trend lines into etc..you cant on the normal live charts setting but within the real time alerts section there is more chart functions, inluding a point and figure setting which I never knew existed!!

Lee.

[mgmoore] 25/3/2004 15:10

Personally I think it should be included at the close. Maybe they can do a link from ukx to the charts after 4.30 so that when the auction finishes the price is then moved onto the final candle/bar/whatever for the day.

[hooya] 25/3/2004 14:55

Thats it Mgm..it has to be included somwhere....

[mgmoore] 25/3/2004 14:53

Thats ok, I assume then that the auction was included in the closing price. At least it would be included within the data at some point. This is to me the main grievance. The auction has to be included somehow, as it reflects what the market thinks.

[hooya] 25/3/2004 14:40

I have just added a bit at the bottom of the header. This is reply someone got as to why their chart package doesnt show a gap. i.e this is the LSE guidelines for the open at 8am

[mgmoore] 25/3/2004 14:39

Its the UK auction that messses them up. No auction in US, so trading ceases at 21.00.