OmniTrader Forum OmniTrader Forum
forums calendars search
today this week
 
register logon control panel Forum Rules
You are currently browsing as a guest.
You should logon to access more features
A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.


Only Forum Moderators, Administrators, and the owner of this message may delete it.

 
JamesR

Veteran
100100
Posts: 216

Joined: 10/4/2008
Location: Gloucestershire, England, UK

User Profile
 
Subject : RE: Tradescope Bins & Segments
Posted : 2/7/2012 11:31 AM
Post #25802 - In reply to #25788

Jim

First and formost thank you very much for an excellent, clear explanation which I have tucked away for future reference - your efforts are very much appreciated.

I do not want to draw you into a long time consuming discussion on this one topic but I do still have one 'gap' in my understanding and this relates to the bins versus segmentation issue. So I am going to try to explain what I think is happening and see if you laugh!!! :-)

Taking your binning explanation, I notice that I can set up different binning scenarios for each variable in the TradeScope. So I effectively end up with rows of buckets, one row for each variable and each row having different lables (ranges) on the buckets.

I can then seperately set up segments for the Thermometer on my chart. These may or may not match any of the bin setups I have chosen.

A quick aside - in the Tradescope presentation it states that '...the more variables you add, the more hits you will get..' from that I am assuming that each variable added creates an OR condition rather than an AND condition. Effectively the Tradescope is looking for a situation where condition 1 is true OR condition 2 is true etc. (if it is an AND condition you would expect to get less hits with each variable added).

So going back to my rows of buckets, I am assuming to build the Thermometer, I do similarly to the process of binning, except that I now look for any buckets from any row that fits into the segment in question and build up the segment from these buckets.

If I am a million miles off the mark, feel free to publicly shred me !!!!

Again - very many thanks for the assistance thus far.


Deleting message 25802 : RE: Tradescope Bins & Segments


Nirvana Systems
For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.