Point Change Chart Style

Questions about MultiCharts and user contributed studies.
Sigma Trader
Posts: 37
Joined: 05 Nov 2005

Point Change Chart Style

Postby Sigma Trader » 06 Jul 2007

1. Would you please compare your point change chart style with that of esignal's in their advanced charting? Specifically, compare an 89PC in esignal with that in Multicharts running on TS data and esignal data.

2. How does MultiCharts define a point change chart?

Thanks

User avatar
Andrew Kirillov
Posts: 1589
Joined: 28 Jul 2005
Has thanked: 2 times
Been thanked: 31 times
Contact:

Postby Andrew Kirillov » 11 Jul 2007

Sigma Trader,
MultiCharts' range bars are supposed to work identically to Ensign's ones since we used them as a standard when we were developing them.
You can see further information here:
http://www.ensignsoftware.com/tips/tradingtips49.htm
See Momentum Bars section please.

oakshadows
Posts: 33
Joined: 01 May 2007

Postby oakshadows » 13 Jul 2007

Andrew,

Per your cited reference above for a description of Ensign Range [Momentum] Bars:

"All gaps are filled with inserted 'phantom' bars'. The 'phantom' bars that are inserted to fill a gap create an interesting effect on standard studies. It is true that orders cannot be filled on these 'phantom' bars. But they may generate trade signals more rapidly."

Is that statement also true for MC Range Bars, which were designed to "work identically to Ensign's".

Thanks.

User avatar
Andrew Kirillov
Posts: 1589
Joined: 28 Jul 2005
Has thanked: 2 times
Been thanked: 31 times
Contact:

Postby Andrew Kirillov » 16 Jul 2007

yes, it is.


Return to “MultiCharts”