|
PureBytes Links
Trading Reference Links
|
That's what I like about Equis. They acknowledge
the problem and agree to fix it. The people at Tradestation won't even
answer the phone.
<BLOCKQUOTE dir=ltr
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Tom
Strickland
To: <A title=metastock@xxxxxxxxxxxxx
href="mailto:metastock@xxxxxxxxxxxxx";>Metastock List
Sent: Tuesday, July 03, 2001 1:42
PM
Subject: More Errors
I have discovered one and probably two errors in
MetaStock formulas. When the Polarized Fractal Efficiency (14-day period,
1-day smoothing) is applied to a security with a large numerical value for
price, such as cocoa, the value of the PFE can exceed +or-100. This can't be,
according to the definition of the PFE. I have brought this to the attention
of TechSupport and they agree that the values are in error. They say this will
be corrected in the next update.
Also, the following trading system
PS Consolidation
Breakout
<P
class=MsoNormal>var1:=If(((BBandTop(C,20,S,2)-BBandBot(C,20,S,2))<(1.75*ATR(1)))
AND Cross(H,BBandTop(C,20,S,2)),1,If(ATR(1)
AND Cross(BBandBot(C,20,S,2),L),-1,0));
var1=1
<P
class=MsoNormal>----------------------------------------------------------------------------------------------
seems to have an error that I have
highlighted in red. The second ATR(1) in var1 is always positive and thus
seems to be unnecessary. I can guess as to what was supposed to be there, but
I'd rather not. Since I don't plan to use this system, I haven't bothered to
contact TechSupport about it.
Just thought others would like to
know about these. If I'm wrong about this I'm sure someone(s) will let me
know.
Tom Strickland
|