Candlestick price error on PXI Daily

Viewing 6 posts - 1 through 6 (of 6 total)

Author

Posts
09/25/2019 at 8:26 AM #108408 quote

Vonasi
Moderator

Master

I coded a price action indicator but when I applied it to the France 40 PXI daily chart on my demo platform I got a strange spike in the indicator output. Closer inspection shows that on 28 October 1997 there is a candle with a high shown as having a lower value than the open!

I will send a report via the platform.

Screenshot_1-6.png

09/25/2019 at 2:13 PM #108432 quote

Vonasi
Moderator

Master

I found another candle where the high is lower than the open – this time on the SP500 SPTRD daily on September 22 2003.

I sent a second report.

Screenshot_2-3.png

09/25/2019 at 2:25 PM #108434 quote
Vonasi
Moderator

Master
It would appear that candles where the impossible is shown to happen are not uncommon!

I tested the SP500 daily with this simple indicator and it found 46 candles with an issue:
```
flag = 0

if high < open then
flag = 1
tot = tot + 1
endif

if high < close then
flag = 2
tot = tot + 1
endif

if low > close then
flag = 3
tot = tot + 1
endif

if low > open then
flag = 4
tot = tot + 1
endif

return flag, tot
```
Screenshot_4-3.png
09/25/2019 at 2:36 PM #108437 quote

Vonasi
Moderator

Master

DJI daily also has 46 candles with issues.

FTSE100 daily has 49 candles with issues.

France40 daily has 179 candles with issues.

DAX daily has 58 candles with issues.

Forex is not immune – a quick check on the EURUSD daily shows 71 candles with issues.

…and even the DAX 4 hour chart has 1 candle with an issue.

I think that some of the data we test on might need a bit of a clean up!

Screenshot_5-4.png Screenshot_6-3.png Screenshot_7-3.png Screenshot_8-4.png Screenshot_9-3.png

09/25/2019 at 2:45 PM #108443 quote
Vonasi
Moderator

Master
This indicator version lets us see how many of each type of error there are:
```
flag = 0

if high < open then
flag = 1
tot1 = tot1 + 1
endif

if high < close then
flag = 2
tot2 = tot2 + 1
endif

if low > close then
flag = 3
tot3 = tot3 + 1
endif

if low > open then
flag = 4
tot4 = tot4 + 1
endif

return flag as "error", tot1 as "high < open", tot2 as "high < close", tot3 as "low > close", tot4 as "low > open"
```
09/25/2019 at 10:05 PM #108486 quote

GraHal
Participant

Master

Sterling work Vonasi! … PRT need to get you on their Team!!

More reasons why our strategies don’t work as we expect??
Author

Posts