OmniTrader Archives
OmniTrader 2014 Technical Support
Fulcrum Block Strange Behaviour
10 replies, 2050 viewings
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OmniTrader Archives
OmniTrader 2014 Technical Support
Fulcrum Block Strange Behaviour
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Last Activity 5/29/2020 5:49 PM 10 replies, 2050 viewings |
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Vinay Elite    Posts: 640 Joined: 12/9/2011 Location: Planet Earth  User Profile |
Since I had selected "Respect Signal Direction", I was expecting the Fulcrum to fire a Long Signal ONLY when it crossed 0.5 ATR above the Close. However as you can see in the following image it fired long when the price breached the lower Fulcrum level. Is this behavior as intended or it is a bug? [Edited by Vinay on 1/15/2014 11:30 AM]  Attached file : FulcrumBlock.jpg (72KB - 813 downloads) Attached file : FulcrumChart1.jpg (88KB - 846 downloads) | ||||
| Ryan Olson Veteran Posts: 213 Joined: 10/9/2006 Location: Austin User Profile |
Based on your setting the price would have to move into the fulcrum zone to arm the fulcrum. The price then must move outside of the cushion to activate the trade. Fulcrums are very very difficult to diagnose from images that don't illustrate the fulcrum levels plotted. I will be happy to dig into this and report any problems to our development team but I would need you to send me a copy of the strategy along with the symbol that you are viewing. You can email me the file to rolson@nirvsys.com Thanks! | ||||
| Vinay Elite Posts: 640 Joined: 12/9/2011 Location: Planet Earth User Profile |
As desired by you, I have mailed you the Strategy along with MetaStock Data file. However from your reply I get the sense that the Fulcrum behavior as shown above is not as expected. One thing more, when I enable "Plot Stops on Chart" in the Chart Options, the Fulcrum levels are not displayed on the Charts as described in the Fulcrum Module videos by Ed Downs. [Edited by Vinay on 1/15/2014 11:30 AM] | ||||
| Vinay Elite Posts: 640 Joined: 12/9/2011 Location: Planet Earth User Profile |
Have you taken a look at the Strategy I mailed to you? Can you confirm whether the Fulcrum behavior is as expected or it is a bug? | ||||
| Vinay Elite Posts: 640 Joined: 12/9/2011 Location: Planet Earth User Profile |
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| Ryan Olson Veteran Posts: 213 Joined: 10/9/2006 Location: Austin User Profile |
So I spent the afternoon testing the issue you had with your files. Everything seems to be working correctly. The problem is the perception of how the fulcrum should be working. On 9/19/2013 when the VTY-B-D fired the signal it would have initiated the the fulcrum. However, it will not base the levels calculation on the signal bar, but rather the close of the following bar. Which would generate the signal as the vote line specified. Now if you were to use the same settings and allow it to use the close of the current bar as entry (which it can't) then your assumption is correct and should have entered the next bar like you have suggested in your post. | ||||
| Vinay Elite Posts: 640 Joined: 12/9/2011 Location: Planet Earth User Profile |
Ryan, why should Fulcrums base the levels calculations on close of the following bar and not on the signal bar?
Even if the levels are based on close of the following bar, why the Fulcrum Block generates the trade when prices have fallen instead of going up by 0.5 ATR as configured in my Fulcrum Block? As you can see that my strategy fired a long signal and the Fulcrum should have taken long position only if the prices went 0.5 ATR above the close. In the present case since price have fallen, logically it should not have taken any trade at all. [Edited by Vinay on 1/15/2014 11:31 AM] | ||||
| Vinay Elite Posts: 640 Joined: 12/9/2011 Location: Planet Earth User Profile |
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| mgerber Member Posts: 40 Joined: 12/18/2003 Location: Issaquah, WA User Profile |
Do I understand correctly that you first reported this in 2013. And that the last posting on this problem was in 2014. Yet it took 6 years to 2020 to fix the problem in a PR?! --Mark G. | ||||
| Barry Cohen Sage   Posts: 6334 Joined: 1/19/2004 User Profile |
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