Newbie question on Point vs Point (original)
Posted: May 04 2008
by Tresor
Hello,
Could anyone please explain in easy-to-understand English what is:
(i) ''Point'' in symbol resolution;
(ii) ''Point (original)'' in symbol resolution; and
(iii) difference between the two
Regards
Posted: May 07 2008
by Marina Pashkova
Hi Tresor,
The point-based chart (or the range-based chart) will plot a data series where each bar covers a price change that corresponds to the indicated number of points.
For example, if you set the resolution to 2 points, the program will wait till the price difference between the ticks reaches 2 points and will then plot 1 bar. Or in a different scenario, if you set the resolution to 3 points and the price change b/w the two adjacent ticks is 6, then 2 bars will be plotted.
Point original is a relic of the old implementation. Basically, it shouldn't be there at all. We wanted to get rid of this resolution but there were users who got used to point original, so we had to keep this resolution option. I wouldn't recommend using it for your charts though.
Hope the above makes sense. If you need any further clarifications, please let me know.
Best regards.