I have found the horizontal price targets to be unreliable. The code doesn’t work at all on 1 box reversal charts and the math is off on 3 box reversal charts assuming the math intended to be used is: Top/Bottom of the pattern + (width of pattern * box size * reversal count). Some patterns dont calculate any rational values at all…
Hi Ed,
We’re using that same formula but I just has a look at the code for the tool and I can see that it will have issues with log scaling.
We’ll get that fixed.
All the best
Mathew
Hi Ed,
Just wanted to let you know that I have finally gotten to review this and they are fixed in Optuma 1.6. There were numerous calcualtion issues.
Vertical Targets were being calculated from the top of the previous column for both up and down targets. Fixed so that Up targets use the lowest O from the previous column. Down targets use the highest X from the previous columns.
Horizontal Targets had the start point of the calculation reversed (up targets were calculated from the high of the pattern instead of the bottom - and vice versa). Swapped that around and double checked.
Also took the opportunity to fix the positioning of the tools so that they correctly calculate from the column that the mouse is over.
All the best
Mathew