Matt- Dep- Yes -thanks - did change the INDies to
be based on the "close". As per the chart - in this case, it
makes absolutely no timing or price difference but agree that it
could under other conditions.
NINJA does not offer OHLC/4 option for indicators - as Raven
uses on the 7/21 EMA crosses for indices and so we have seen that
"Typical" is the closest to his OHLC/4 IND values for the 7/21 EMA
Xs. Many charting softs do offer the OHLC/4. But
absolutely, consistency is important.
Setting the market hours does of course make a difference - but
these mechanical systems are supposedly working only on market hour
trades - not including pre and post data. So we would do not
change that for Matt's mechanical systems - unless Matt suggests
that we should.
An ASIDE RE Market hours
for INDEX Trading: We have several times in the past pointed out, with charts,
that there are 15 hours of active US market [SPX, INDU and NDX]
index trading - starting at 0300 EST when the trading floors in
London and Frankfurt open with the main European FTSE, DAX
and CAC indices. All six indices have quite active trading
until 4 pm EST - whereas open market hours for the EU exchanges all
close about 1130 EST.
Here we have found trading SPX, INDU, NDX and as well the FTSE,
DAX,CAC for the full 13 hours of active trading yields better
results on the 7/21 EMA crossovers, using the INDEX CFDs - vs
simply trading market hour ETF surrogates or globex futures.
This is because [we beleive] that there are fewer dramatic
overnight reversals and whiplashes occurring at the open.
But, we also realize that US residents do not normally have access
to INDEX CFDs so it really does not matter to most. FWIW and
just FYI. Appreciate your comments as always. pki
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Typical vs close - yes - need consistency !!
SRS 15 min system 9,39 EMA.pngSRS 15 min 9/39 EMA's ...
Posted by pki on 6th of Jan 2009 at 05:22 am
Matt- Dep- Yes -thanks - did change the INDies to be based on the "close". As per the chart - in this case, it makes absolutely no timing or price difference but agree that it could under other conditions.
NINJA does not offer OHLC/4 option for indicators - as Raven uses on the 7/21 EMA crosses for indices and so we have seen that "Typical" is the closest to his OHLC/4 IND values for the 7/21 EMA Xs. Many charting softs do offer the OHLC/4. But absolutely, consistency is important.
Setting the market hours does of course make a difference - but these mechanical systems are supposedly working only on market hour trades - not including pre and post data. So we would do not change that for Matt's mechanical systems - unless Matt suggests that we should.
An ASIDE RE Market hours for INDEX Trading:
We have several times in the past pointed out, with charts, that there are 15 hours of active US market [SPX, INDU and NDX] index trading - starting at 0300 EST when the trading floors in London and Frankfurt open with the main European FTSE, DAX and CAC indices. All six indices have quite active trading until 4 pm EST - whereas open market hours for the EU exchanges all close about 1130 EST.
Here we have found trading SPX, INDU, NDX and as well the FTSE, DAX,CAC for the full 13 hours of active trading yields better results on the 7/21 EMA crossovers, using the INDEX CFDs - vs simply trading market hour ETF surrogates or globex futures. This is because [we beleive] that there are fewer dramatic overnight reversals and whiplashes occurring at the open. But, we also realize that US residents do not normally have access to INDEX CFDs so it really does not matter to most. FWIW and just FYI. Appreciate your comments as always. pki