Kreslik.com - traders community since 2006

If I am using a standard time frame, than I'll see the normal close in addition to some synthetic value...just so I can see what most other traders are seeing.

If I'm using some non-standard form of charting or non-standard time frame, it really doesn't matter what the close is...

"Change the time slice, change the high/low, change the median?"

Yes.

But which is more clever, stable and the most difficult to manipulate?

Which would you want to make decisions off of?

The MIDPOINT is calculated from the high / low. The MEDIAN or 50th Percentile is something completely different from the MIDPOINT. If there are 100 ticks in a 5 minute bar, than you sort those ticks in ascending / descending order, it doesn't matter what time slice they were and than you find the mi...

The C only has more value to the extent that traders minds give it more value using standard time frames...but it's all an illusion...

Let's take the phrase, "Wait until price closes beyond a line"... If a trader uses this method, they are essentially making a trading decision off an arbitrary tick that has no more meaning than any other tick... I am suggesting that it may be better to make trading decisions off a value t...

If we are to simplify all the ticks that occur within a data compressed period, such as a OHLC, 4 ticks, or 3 ticks if we say that the O is not necessary. The most clever of all the ticks that occurred is not the C, because it is but an arbitrary price value... The most clever is the median price va...

We have experimented with removing time altogether or just removing pieces of time. That aside, a time series chart moves forward with the "arrow of time". I would argue that the open is essentially not needed, it is redundant information. The open is very closely related to the previous c...

Another idea is to synthetically set the open at the 25th percentile and the close at the 75th percentile...

"But my question still stands... What does this tell YOU?" It tells me what the median price was during some data compressed period. I elaborated on how it could be used... If there are much more ticks near an extreme, than obviously it would not resemble the midpoint. The midpoint only us...

MO says body in the direction of profit... What's a body but an arbitrary point in time? A body is literally just ONE TICK, out of how many for that period? If the market is to go higher or lower, than there will have to be sufficient ticks / orders that drive it to new levels... All I'm saying is t...