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Strategies & Market Trends : TC2000 Users Technical Analysis Forum -- Ignore unavailable to you. Want to Upgrade?

To: Sean W. Smith who wrote (1087)	10/3/1998 12:53:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 3291

Tech Support emailed me back--said that there was different spacing between the bars in V4 vs V3 and therefore the shape of the indicators are different. While I still as yet do not understand that--a monthly in V3 should comprise the same number of bars as a monthly in V4 and I don't see what spacing has to do with moving average calculations--the bottom line is that the shape of the indicators in V4 is different than in V3, regardless of the reason. This means that anyone who uses indicators to give off negative and positive divergences in order to provide buy and sell signals---one of their main uses--may well get different messages depending on whether one is using V3 or V4. Taken to the worrisome extreme, V3 may say' Buy' and V4 may say 'Sell'. And, if one exports V4 back into the same dir as one has V3 data, the exported data overwrites the existing data in V3 with the result that perhaps the indicator shape also is overwritten so that in effect one loses forever the V3 shape that one saw originally. I'm still tracking that one down and in the meantime I may email Don Worden directly to see what he has to say. It's possible that he may not yet be aware of this. It's also possible that V4 is in error and if not it is also possible that that the discrepancy shows up mainly in long term charts rather than 'short' term charts. At the moment, however my decision to switch to V4 is on hold . Unfortunately, within say 15 months, we may all find ourselves in the position of no longer been able to use V3 because of a desire by WB to move to V4 alone after 1999, it being the only Y2K compliant format (just a guess).