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JamesR

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

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Subject : RE: Tradescope Bins & Segments
Posted : 2/24/2012 2:29 AM
Post #25956 - In reply to #25788

Angela

Many thanks for your response, it is good to know someone is looking into this because at the moment I feel I cannot use Tradescope as I simply do not understand what the output is telling me.

You are correct, I did use a 7 Day ATR and a 5 Day Outlook and discovered, after much trial and error, that the number of hits reported satsifies the relationship NumHits = NumBars - Outlook - 4. So I had already taken account of Outlook when I raised the query. Also, Jeff's initial answer does not add up either. There were 26 bars of data so with a 7 day ATR and a 5 day Outlook you would expect 26 - 6 - 5 = 15 whereas Tradscope actually reports 17 (By my relationship 26 - 5 - 4 = 17). Suspicious that the 4 was somehow related to the Outlook (of 5) I started changing the Outlook and leaving everything else the same. e.g. Change the Outlook to 10 - by Jeff's suggestion I should get 26 - 6 - 10 = 10. Tradescope actually reports 12 (again by my relationship 26 - 10 - 4 = 12). It may suggest a different relationship definition of NumBars - ATR - Outlook + 3, but I don't think the suggested answer works and there are also some other things going on in the examples that are definately not resolved by this answer.

I am more than happy to accept and believe that I am doing something wrong or misunderstanding, but others on this forum that know an awful lot more than me seem to be equally confused, so another, more detailed, response would be very much appreciated as I would really like to be able to switch Tradescope back on!



[Edited by JamesR on 2/24/2012 2:43 AM]

Deleting message 25956 : RE: Tradescope Bins & Segments


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