backtest on 2401 volume chart

Questions about MultiCharts and user contributed studies.
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ac
Posts: 1
Joined: Aug 26 2006

Aug 26 2006

Hi,

I tried to do some system backtest on 2401 volume chart, i.e. I compressed 2401 contract data into 1 bar. I would like to verify the easylanguage concept here.

In the following statement:

MyMACD = MACD( Close, FastLength, SlowLength )

The close is the "close" value in the 2401 compressed bar rather than the value of each tick. Is my concept correct? When I apply an indicator on the volume bars, the indicator will also base on the close of the 2401 compressed bar, is it?

Thanks.
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Chris
Posts: 150
Joined: Nov 17 2005

Aug 26 2006

You are right.
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