TRO DOPC & TRO BUY ZONE

[TheRumpledOne]

FORM-T TRADES REAR THEIR UGLY HEAD

TRO DOPC & TRO BUY ZONE



Since I can't trade on TradeStation, I forgot about the FORM T consolidated data stream chart problem.

My indicators were using OpenD(0) for the daily open and CloseD(1) for the previous close. Most days this is not a problem. But today in my chatroom, my indicators were showing AAPL opened at $84.25 when in fact, the real NASDAQ open for AAPL was $84.44.

Premarket trades are labeled FORM-T. That indicates a premarket/postmarket trade. But because TradeStation uses a consolidated data stream, FORM-T trades are mixed in with the regular trades. Sometimes, at the open, a FORM-T trade may "sliip in" before the first regular trade and the OpenD(0) value is INCORRECT. This cost me a lot of money years ago, when I was running AutoAvery.

Since 8.1, indicators can reference the quote fields DAILYOPEN and PREVIOUS CLOSE and those values are "correct".

The TRO_DOPC indicator replaces _DailyOpenPrevClose.

The TRO_BuyZone indicator replaces _BuyZone.

Both use DAILYOPEN and PREVIOUS CLOSE.

ELD attached.

[Robert2617]

Thanks for the update! You said "My indicators were using OpenD(0)..." Question: Does the effect _GRIDIRON_II_SR15? I love that indicator!

[TheRumpledOne]

This only applies to stocks.

So if you are not trading stocks, then no effect.

[geff]

Avery, what do you think about having the Buy Zone lines end as each of the markets close?

Geff

[TheRumpledOne]

Not sure what you mean?!??!

Mine end at Session End.

[geff]

On _TRO_BuyZone_Time, my lines keep going.

Right now, the NY market is closed but my lines continue to the right edge of the chart.

I'd think it would need an iEndTime input to set the end time (or a duration variable).

Geff

[TheRumpledOne]

ELD UPDATES ATTACHED

[TheRumpledOne]

Here's a couple of links that may just prove why the BUY ZONE works.

TheRumpledOne: www.bbc.co.uk/dna/h2g2/A543043

air ball: www.mste.uiuc.edu/reese/buffon/buffon.html

[TheRumpledOne]

Using TRO_PLOT to show the High - Open and Open - Low.

[TheRumpledOne]

See how profitable the BUY ZONE IS?