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Templar Vox
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Posted - 2008.01.20 14:25:00 -
[1]
Edited by: Templar Vox on 20/01/2008 14:25:40 Hi! I've been doing some good business doing direct trades between hubs (aka hauling), however Im expanding into buy and sell orders atm. However, I'm having some difficulty reading the market graphs, and I'd really like some help to understand what I'm looking at.
Please take a look at this snapshot here and support your current noob with your wisdom :) Thanks!
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Taikun
Gallente Serenity Prime Frontal Impact
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Posted - 2008.01.20 14:37:00 -
[2]
Edited by: Taikun on 20/01/2008 14:37:52
1. Range of completed orders, Follow the top and bottom along to the price scale.
2. Median prices. Basically the average price for that item sold that day.
3. Trend lines.
4. They are prices. You read them with your eyes.
5. Total volume in sales. Follow the tops of the lines accross to the right and use that scale to estimate total daily volume.
6. Total daily volume numbers. Used with lines in "5".
7. Forecasted values. Weighted averages etc. Using historical numbers to read the future.
You are welcome.
Taikun
P.S. It is late... I don't have the game up and this is all from memory. I hope somebody double checks it.
A criminal is a person with predatory instincts who has not sufficient capital to form a corporation. |
Mtber
Caldari Mtber Corp
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Posted - 2008.01.20 14:59:00 -
[3]
Forget about the graph and change to show table.
Look at the daily sales volumes to decide if you want 'invest' in a specific item.
As i've stated in a previous post, in a different thread, trading is usually a trade off between volume and profit. Good luck in your player trading career
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Templar Vox
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Posted - 2008.01.20 15:11:00 -
[4]
Edited by: Templar Vox on 20/01/2008 15:11:07 Thanks for the explaination :) So the red box area show the pricerange of sell and buy orders that have been fulfilled/completed during the shown timeframe? So in my picture, the item in question has been sold/bought as low as a little over 2250 and as high as just under 2600 per unit? If all buy and sell orders were completed, would the area be perfectly box shaped? Or has that nothing to do with it, and it only reflect changes in price for the orders that have been completed? Like on jan 16th the avg highest buy/sell was 2400, and the next day, on the 17th it climbed to 2600? The avg lowest sell/buy price has remained constant at just over 2250, althought it climbed a little bit on the 20th of january. Am I reading this correctly?
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Taikun
Gallente Serenity Prime Frontal Impact
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Posted - 2008.01.20 15:33:00 -
[5]
Edited by: Taikun on 20/01/2008 15:35:09
Originally by: Templar Vox Edited by: Templar Vox on 20/01/2008 15:11:07 Thanks for the explaination :) So the red box area show the pricerange of sell and buy orders that have been fulfilled/completed during the shown timeframe? So in my picture, the item in question has been sold/bought as low as a little over 2250 and as high as just under 2600 per unit? If all buy and sell orders were completed, would the area be perfectly box shaped? Or has that nothing to do with it, and it only reflect changes in price for the orders that have been completed? Like on jan 16th the avg highest buy/sell was 2400, and the next day, on the 17th it climbed to 2600? The avg lowest sell/buy price has remained constant at just over 2250, althought it climbed a little bit on the 20th of january. Am I reading this correctly?
Sounds about right.
On each day the highest part of the red area is the highest completed sale of that item at that price. The lowest is the reverse. It reflects completed sales and really the "box" is just to point out upper and lower values for that day.There is no real need to connect the days and shade it... but it does look pretty.
If you compare the red box to the table numbers you should see that the higest and lowest prices seem to match up with the upper and lower boundries of the red shaded area in the graph as well.
Taikun
A criminal is a person with predatory instincts who has not sufficient capital to form a corporation. |
Templar Vox
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Posted - 2008.01.20 17:23:00 -
[6]
Thanks again :)
I finally think I understand how to read the graph, and wow - it's pretty nifty! For instance, if there is no volume in the Donchian channel (the red box isnt there), there hasnt been any orders (neither sell nor buy) that have been completed for the timeperiod specified. For me that suggest slow moving items, unless of course the volumes of the orders are too big for the market to complete. In any case, since ISK is finite, it would probably tend to be slow moving rather than large quanities. In any case just a quick glance on the volume bars at the bottom will quickly tell me what's up.
Also I find the so-called "trend indicators" (those yellow dots on yellow lines) very clever as well (if I understand them correctly that is). The way I read them is that they indicate if it is a buyer's or seller's market that day. If they are towards the high end of the Donchian channel, it means it's a seller's market (more sell orders completed than buy orders). If it's on the lower end, it means buyer's market (more buy orders completed). If it is about in the middle of the Donchian it means an even distribution of buy and sell orders completed.
However, I'm still not completely clear on those yellow lines connected to the trend indicators. I'm thinking that they represent the area with the most movement? I'd like some more clarification though :)
Thanks a bunch for humoring a trading newb!
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