MinMove returnd wrong value

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Nick
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MinMove returnd wrong value

Postby Nick » 18 Jul 2008

Hi there,

Minmove returns 25 for ES is this correct? How do I find the tick size of an instrument in a study?

Oh and Minmove * 0.001 resolves to .3 ? Wierd

Thanks
Nick.

Nick
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Postby Nick » 18 Jul 2008

OK I think MinMove just returns what is in the quote manager page for the symbol. What should I set in there as it does not except fractional values?

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TJ
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Postby TJ » 18 Jul 2008

these are some of the keywords you should know.

BigPointValue
Returns a numerical value, indicating the currency value of a single whole unit price change for the data series that the study is applied to. Usage

BigPointValue Note
BigPointValue = PointValue × PriceScale
Examples

BigPointValue will return 1 for Google
BigPointValue will return 50 for E-mini S&P 500


PointValue
Returns a numerical value, indicating the currency value of a single fractional unit price change for the data series that the study is applied to. Usage
PointValue
Note
PointValue = BigPointValue/PriceScale
Examples
PointValue will return 0.01 for Google

PointValue will return 0.50 for E-mini S&P 500



PriceScale
Returns a numerical value, indicating the fractional unit equivalent of a single whole unit price change for the data series that the study is applied to. Usage
PriceScale
Note
PriceScale = BigPointValue/PointValue
Examples
PriceScale will return 100 for Google

PriceScale will return 32 for T-Bond Futures


MinMove
Returns a numerical value, indicating the minimum fractional unit price change for the data series that the study is applied to. Usage
MinMove
Examples

MinMove will return 1 for Google
MinMove will return 25 for E-mini S&P 500

MinMove*PointValue will return the currency value, corresponding to the minimum price move of a share or contract


Point
Returns a decimal numerical value, equivalent to a single fractional price unit for the data series that the study is applied to. Usage
Point
Note
Point = 1/PriceScale
Examples

1 Point will return 0.01 for Google
8 Point will return 0.08 for E-mini S&P 500

8 Point will return 0.25 for T-Bond Futures

p.s. I am not sure if Point is supported.
Last edited by TJ on 18 Jul 2008, edited 1 time in total.

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TJ
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Postby TJ » 18 Jul 2008

useful downloads:

http://www.tssupport.com/multicharts/tutorials/

Documentation:
MultiCharts user guide is available in two different formats: a conventional Windows help system (.CHM format) and a printer-friendly manual (.PDF format). The guide provides detailed descriptions of the program's features and the instructions on how to use them.

MultiCharts Reference Guide (.CHM format)
PowerLanguage Reference Guide (.CHM format)
MultiCharts Printer-friendly Manual (.PDF format)

Nick
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Postby Nick » 18 Jul 2008

Thanks for the detailed reply TJ

I don't undertand why the minmove returns 25 for es? It should be .25 how is the program to know whether it has been multiplied by 10 100 or 1000?

Even with all those reserved words I don't see anything that returns the size of a tick.....et me go through them again.

Thanks again
Nick

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Postby Nick » 18 Jul 2008

Ok I guess I need minmove/pricescale.

Cheers,
Nick

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Marina Pashkova
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Postby Marina Pashkova » 21 Jul 2008

Hi Nick,

For ES-mini:

Price Scale: 1/100
Min. Movement 25
Big Point Value 50

The reserved words will take these values from QuoteManager.

Regards.


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