Jump to content
  • 0
Sign in to follow this  

PRT charts not being corrected

Question

For the past two months or thereabouts I have been reporting flawed charts using the email facility in the ProRealtime software. Only one of the many charts that I have reported has been corrected. Listed below is just a fraction of the charts I have reported. You will see that some have been reported twice but to no avail!

 

UK Stocks 

 

3rd April: CHG

25th May: WTAN, FEV, BTEM, MRO, TEM

27th May: RSW 

13th June: RSW

14th June: JLT, FEV

22nd June: CRDA

 

US Stocks

 

8th May: CBOE

9th May: MRCY

15th May: ZION

20th May: CTSH

30th May: CBOE

 

12th June: AXP

13th June: CAT

14th June: VVC, CME, CMA, LECO, NJR, NWE, MMM

20th June: PG

23rd June: CBPO

 

This is the bunch of US stocks I reported yesterday i.e. 24th June: ARMK, ARW, BLL, FNF, FBHS, PAC, HAS, IPGP, MCD, MHK, NEE, PKG, SSNC, STE, TRU, WCG, YUM

 

My focus is on the US and UK markets, I estimate the percentage of stocks with charts with flawed data is at least in double digits. Far beyond the "one or two that escape the net" as has been previously postulated or as you have articulated " Due to the large number of instruments we offer we sometimes do miss some errors on charts." I understand that the same flawed data powers the new IG charts too! On that basis, I find it incredulous, almost bizarre, even surreal that so much work is going into developing the new charts when IG does not have a reliable data feed!! It seems very much like the cart is being put before the horse. In the context of any developments to the charts where indicators are a derivative of price (are there any that are not?) the old IT adage is very appropriate, "garbage in, garbage out" 

 

Before I finished this post I thought I would go through the Dow Jones Industrial Index or Wall Street in IG speak to see how many defected charts would be revealed. The following is the result of that exercise:

 

MMM, CAT, TNH, GE, GS, HD, JPM, JNJ, MRK, NKE, TRV, UTX, UNH, VZ, MCD & PG.

 

More than half, i.e. 16 charts out of 30

 

 

Share this post


Link to post

6 answers to this question

Recommended Posts

  • 0

The DFB chart of Mitie(MTO.LSE) is showing a long wick to the downside today on the one minute candle. The candle low is showing a misleading 272.5, whereas on the LSE's chart the candle is much different in form and is showing a low of 287.1

 

http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary-chart.html?fourWayKey=GB0004657408GBGBXSTMM

 

The spread on the current DFB is just under two points. 

Share this post


Link to post
  • 0

Above, I was referring to the one minute candle at the open although that should be obvious to those looking at the chart.   

Share this post


Link to post
  • 0

I have looked at three LSE stocks so far including the one above and the have all been affected by the bad tick on the open. The other two are ANTO and SPX. 

Share this post


Link to post
  • 0

Add BRSN.LSE to the bad tick on the open list.

Share this post


Link to post
  • 0

     please feel free to assist , it would be unfair for him to get all the accolades for solving all the issues in a timely manner.

 

Thank you. 

Share this post


Link to post
  • 0

Add RSW.LSE plus HWDN.LSE with it's multiple flaws to the bad tick on open list.

Renishaw PLC (DFB).pngs

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      7,638
    • Total Posts
      39,338
    • Total Members
      49,563
    Newest Member
    WOUG
    Joined 23/10/19 19:42
  • Posts

    • Potential resistance break in play, bit more to go to be confirmed but the technicals are supportive.  A strong breakout here will align to my road map that targets a retrace rally to about the $80 mark.
    • Bitcoin Has Proven Itself as the Best Store of Value Over the Last Decade https://www.ccn.com/bitcoin-best-store-of-value-over-last-decade/
    • Price is declining. Trend is changing.  You cannot sell this market to open is still IG's mantra. There is little doubt that Beyond Meat attracted speculative capital. There is no doubt that Beyond Meat's valuation was absurd on any metric. I would like someone to convince me otherwise. I mean it is a loss making company which is not any closer to profitability yet the valuation was insane.  Just imagine if Beyond Meat could be shorted! What do you think would happen to the price? Hmmmm!    
×
×