dead on
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Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
It's in X and ready to reakout. Do you have a different RS chart than this one?
http://stockcharts.com/def/servlet/SC.pnf?chart=mos:$SPX,PRPADANRBR[PA][D][F1!3!2.0!!2!20]&pref=G
http://stockcharts.com/def/servlet/SC.pnf?chart=mos:$SPX,PRPADANRBR[PA][D][F1!3!2.0!!2!20]&pref=G
I've noticed the differents before, and that's why I asked up about how your RS charts are constructed. We don't have control over the software we are using, this makes it hard to compare our views.
Anyway, I agree that MOS is not as strong pattern as we like it to be in this breakout. I'll watch it closely. I do like the potential running to new high and the R/R ratio here.
Anyway, I agree that MOS is not as strong pattern as we like it to be in this breakout. I'll watch it closely. I do like the potential running to new high and the R/R ratio here.
First newbe post.
Per your pm suggestion, I've purchased bull's eye. I get my data from TC2000, which I have a great deal of confidence with.
If you open the chart toolbox and change the Ratio Multiplier to 1000 (you probably have it on 10) you will get the same percentage changes as the stockcharts RS chart. The pattern however will not be the same as stockcharts, but yours is correct.
Prior to purchasing bull's eye, I was using stockcharts for the P&F and RS charts. I have now found many many times that the stockcharts charts (both the P&F and RS) are different than mine created with TC2000 data. I really don't put any trust in the FREE stuff at stockcharts.
Per your pm suggestion, I've purchased bull's eye. I get my data from TC2000, which I have a great deal of confidence with.
If you open the chart toolbox and change the Ratio Multiplier to 1000 (you probably have it on 10) you will get the same percentage changes as the stockcharts RS chart. The pattern however will not be the same as stockcharts, but yours is correct.
Prior to purchasing bull's eye, I was using stockcharts for the P&F and RS charts. I have now found many many times that the stockcharts charts (both the P&F and RS) are different than mine created with TC2000 data. I really don't put any trust in the FREE stuff at stockcharts.
relative strength calculation depends on the start date of the data.there is an option in updata to start it from the first date of the visible chart or the first date in the data set.i think that is where the difference might be
Many things can cause the difference, such as:
1. data reliability - just as Robert pointed out;
2. data point(s) used - some use H and L, some use C only;
3. reversal method - looking for continuation of current column first, or look at reversal first;
4. starting point - this only affects the first few columns in the chart.
Solutions? some thoughts here:
1. multiple data sources - I have used Qcharts, eSignal and some other package, they all have "bad tick" from time to time;
2. signal confirmation - other charting style, other box size, timeframe etc.
3. do your own chart - old timers did it, some still doing it today, by hand;
4. risk control - including position sizing.
1. data reliability - just as Robert pointed out;
2. data point(s) used - some use H and L, some use C only;
3. reversal method - looking for continuation of current column first, or look at reversal first;
4. starting point - this only affects the first few columns in the chart.
Solutions? some thoughts here:
1. multiple data sources - I have used Qcharts, eSignal and some other package, they all have "bad tick" from time to time;
2. signal confirmation - other charting style, other box size, timeframe etc.
3. do your own chart - old timers did it, some still doing it today, by hand;
4. risk control - including position sizing.