Registered User
Joined: 12/13/2004
Posts: 4
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Hi ------
Please help with what appears to be happening to Money Stream (MS) at
different Zoom Levels. I've contacted TS and they referred me to this forum.
Create a Daily chart with Price and MS in the Top Window. Using the
ticker PGH, use Zoom 7. Here, it appears that MS is tracking just
slightly below price.
Now go to Zoom 5. Here MS falls far below price.
Now try Zoom 2. MS is now further below price.
It would appear there is a problem with the presentation of MS at the
various Zoom Levels. If not a presentation problem, then what Zoom level
must always be used to get the proper view of MS?
Also note that the view is similarly different on a Weekly chart.
Thanks.
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Worden Trainer
Joined: 10/1/2004
Posts: 4,308
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Where MS is relative to price is meaningless. They are plotted on two independent scales. Both will change based on zoom levels, because different amounts of data are plotted at each level. At zoom 7 (daily chart), about two months of MoneyStream plots are visible. The scale covers values from the lowest to the highest MS values during that 2 month period. At zoom 5 (daily chart), you are viewing nearly 5 months of MoneyStream plots. Again, the scale is based on the highest and lowest MS values that occured during that longer time period.
When MS and price are plotted in the same window, you must always be careful to ignore where one is in relation to the other. Instead, you should choose two points on the chart and compare what price did between the two points vs. what MS did between the same two points. For instance, if price hit a low, and then two months later hit a lower low, check out MS between the same two points. Perhaps you would find that MS hit a low at the same time price hit its original low, but by the time price got down to its lower low, MS had instead risen to higher levels. This would be considered a positive divergence. These divergences are what you should be looking for...while at the same time completely ignoring which line is above the other, or when they happen to cross each other. That information has no meaning whatsoever.
- Doug
Teaching Online!
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Worden Trainer
Joined: 10/1/2004
Posts: 18,819
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You may also find this helpful:
MoneyStream
- Craig
Here to Help!
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