OmniTrader Forum : OmniTrader 2006 Technical Support : Misfire of Trendline Reversal

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OmniTrader Archives OmniTrader 2006 Technical Support Misfire of Trendline Reversal		Last Activity 2/14/2011 12:22 PM 0 replies, 1436 viewings

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DaleCraw

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Posts: 6

Joined: 1/6/2005
Location: Erie, Pa

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Subject : Misfire of Trendline Reversal
Posted : 4/30/2008 8:22 AM
Post #14515

Hey there!

I am noticing something in my OT 2006. The generated trendline signals are misfiring.

If you notice the chart I have included for MRO, there is a trendline reversal signal (5+) on April 25th, as noted with the red dot. The ACTUAL reversal was back on April 22nd, with the break thru $48.50. How can I get the signal to fire faster when the actual break occurs, rather than missing the move when it fires slower at a later date?

Also notice the misfired signal back on 4/4, when the actual break of the downward trendline came on 4/2 (green dot).

Attached file : MRO T_L.jpg (89KB - 479 downloads)

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