Candlestick price error on PXI Daily

• 09/25/2019 at 8:26 AM #108408
  Vonasi

  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.

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1810 times
  09/25/2019 at 2:13 PM #108432
  Vonasi

  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.

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1810 times
  09/25/2019 at 2:25 PM #108434
  Vonasi

  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

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

  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

   

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1810 times
  09/25/2019 at 2:36 PM #108437
  Vonasi

  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!

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1810 times
  09/25/2019 at 2:45 PM #108443
  Vonasi

  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"

  1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23

  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"

   

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1810 times
  09/25/2019 at 10:05 PM #108486
  GraHal

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

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

  

  GraHal

  Participant

  Topics: 203

  Replies: 8388

  Been thanked: 2034 times
• Author
  Posts