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Pitchforks - every devil needs his/her fork

Chart Forum » Suggestion Box » Pitchforks - every devil needs his/her fork

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007
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Username: 007

Post Number: 430
Registered: 05-2005

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Tuesday, June 12, 2007 - 08:16 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Colin, what's the latest on our drawing tools, pitchforks and fibonacci in particular?

Thanks


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colin_twiggs
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Wednesday, June 13, 2007 - 10:55 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



007,

We are testing a new beta version with Fibonacci Retracements and Extensions for release in the next week or two.

Andrews Pitchfork is not a priority at present. Next on the list are extra caption & arrow markers and text tools. Then we will start on the upgrade of indicators and stock screens.

Regards, Colin







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colin_twiggs
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Wednesday, June 13, 2007 - 11:35 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



007,

Try the Standard Deviation Channel (the [S] icon) as a substitute for Andrews Pitchfork. Use 2 Standard Deviations to enclose most of the data; 3 STD to enclose almost all.

Regards, Colin


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007
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Colin, I've done as you suggested and found it too much of a hassle having to adjust the trendlines on each draw.

No problem, I'll use the other program for my pitchforks until your team comes up with a fix.

Thanks for your time.


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colin_twiggs
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007,

Do you mean: adjusting the trend channel for each new days data? We plan to implement this.

Regards,
Colin







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007
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Hi Colin, once the three main pivots required to draw the pitchfork (pivots a, b and c) are printed on the chart there's no need to adjust the fork so this isn't a problem. My main dilemma is having to guestimate the whereabouts of the median line in the first place and then alter the outside channel lines to compensate the adjustment.

I don't mind doing this for a couple of charts, but it gets quite tiring after the first dozen or so.



Thanks again.

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