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The
PTPs do not qualify at the same time as the Entry Point
is reached, why ?
The
PTPs are usually set to qualify at the same time as the
Entry Point, however there are scenarios where they may
be different.
A.
The price movement may be after the number of bars required
to qualify.
If the PTP Qualifications settings are 50% within 3 bars
and the price moves through the 50% mark on the 4th bar
then the PTP will not show as qualified.
B.
The PTP Qualification settings may be different to the settings
used for the PTP Calculation tool.
If the PTP calculation tool is set to say 25% and the 'Qualified
PTPs' are set to 50% then the PTP will not show as qualified
until the price action passes the 50% mark, not the 25%
mark used in the PTP Calc Tool.
C.
If the PTP Calculation Tool Entry point is based on more
than 1 bar then the actual entry point may be higher (or
lower) than the value if it had been set based on one bar.
The Qualification of the PTPs are based on just 1 bar so
they may trigger earlier than the entry point from the PTP
Calculation Tool, based on the same percentages.
These
tools are not set to always be the same to allow the user
to place different/specific entry points without changing
the settings on all the PTPs.
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Reference:
Q080624a
Written : 24 June 2008
Revised : 02 October 2008
TESS Real Time - Version 1.1.14
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