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

To: Iceberg who wrote (1600)	1/24/1999 6:37:00 PM
From: Smooth Drive	Respond to of 3291

Hello Iceberg, Thank you for taking the time to consider my question. I'm not familiar at all with what you are seeing and why. But FWIW, it seems to me from what you described that you can't really conclude that either TC2000 or MSFT Investor's data is wrong since you are apparently not reading directly from either source. In other words, I get the impression you've moved data into a third variable - your PnF scanning program, what ever that might be. Possibly it's a problem with that program as it interprets different sources of data, as opposed to the source of the incoming raw data itself? I don't know. Just speculating on possibilities. Yes, I am reading directly from each source. On Day X, the MSFT Investor site reports daily high and low for numerous indexes and so does TC2000. The closes are the same but the high and low data is different. I won't bore you with how a P&F chart is constructed -- but there is no 3rd party scanning involved. Simple historical end of day high and low data is all that is needed to create a P&F chart. For instance -- to create a P&F chart I'd simply go to the referenced MSFT Investor site and pull up the historical data (it's in excel format) and start creating a chart, using daily high and low information. My P&F hand charts are somewhat unique in that I also record the column reversal dates as well as the buy or sell signal dates. This is not normally done on a P&F chart. As mentioned previously, I started doing this so I could take a data provider (such as TC2000) that includes a few basic indictors (MACD,STOCH,etc) and then simply call up the individual stock or index in TC2000, and visually see what signals those indicators were giving when my P&F hand chart reversed or gave a buy or sell signal. You see Iceberg, I know what happened in the past on the P&F chart because my charts go back as much as 10 years (but only the that last 3 years have the actual reversal and buy/sell dates). I'm just looking for an additional indicator or two that -- if it had helped to call a upcoming trend or trading range, etc. etc. back then, might give me an edge now. These other indicators would be secondary to the basic P&F chart. I've found that the high and low information for TC2000 individual stocks is (at least on all the charts I've reviewed) the same as the MSFT Investor site. But, the index end of day high and low info is different, but the closes are the same. So that seems odd. And, since P&F charts are based on high and low data -- well, you see the problem this creates. Thanks again for responding. Take care, Eric