EOD Data...

This is a discussion on EOD Data... within the General Trading Chat forums, part of the To Be Sorted category; I'm just wondering the difference between indicators calculated on EOD data and live data on a daily TF would be? ...

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Old Aug 10, 2009, 11:17am   #1
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I'm just wondering the difference between indicators calculated on EOD data and live data on a daily TF would be? Would the indicators look different in any way? I am sure the answer is no, but I want to be sure as its annoying me.

This is most likely to be a very short thread, but hey.

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Old Aug 10, 2009, 11:53am   #2
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Quote:
Originally Posted by Rossini View Post
I'm just wondering the difference between indicators calculated on EOD data and live data on a daily TF would be? Would the indicators look different in any way? I am sure the answer is no, but I want to be sure as its annoying me.

This is most likely to be a very short thread, but hey.

Cheers
Wouldn't this depend on the particular indicator and the relative importance in its formula of any eod-dependent inputs eg. hi/lo/close which can only be truly ascertained after close?

It's an interesting question - what indicator(s) do you have in mind?
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Old Aug 10, 2009, 5:32pm   #3
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tp the best of my knowledge, changing time frame shouldn't effect any indicator.
if an indicator is using last bar OHLC, than it doesn't matter whether it's daily, 5,10,35 or 1123 minutes...
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Old Aug 11, 2009, 4:39am   #4
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Originally Posted by 0007 View Post
Wouldn't this depend on the particular indicator and the relative importance in its formula of any eod-dependent inputs eg. hi/lo/close which can only be truly ascertained after close?

It's an interesting question - what indicator(s) do you have in mind?
I was thinking stochastics, MA's, OsMA's, that kind of thing....
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Old Aug 11, 2009, 4:46am   #5
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tp the best of my knowledge, changing time frame shouldn't effect any indicator.
if an indicator is using last bar OHLC, than it doesn't matter whether it's daily, 5,10,35 or 1123 minutes...
I wasn't suggesting changing the TF. Looking at two charts, one using EOD data and the other using live data. Would there be any difference to the values of the indicators?
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Old Aug 11, 2009, 11:11am   #6
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I wasn't suggesting changing the TF. Looking at two charts, one using EOD data and the other using live data. Would there be any difference to the values of the indicators?
what's a chart with live data? the only change is the last bar/candle...
so that doesn't change the indicators, cause the last bar never affects the indicator on the same day. especially MAs and such...
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