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Barrak
Wormhole Engineers Greater Realms
106
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Posted - 2015.05.13 22:58:30 -
[1] - Quote
Hello.
I'm returning to the game this week and my wife has agreed to give it a bash (the game that is!)
She's not really interested in pew pew but wants to try trading. Thus she/we have some questions around the price history section of items.
We understand the principal of the moving averages and the median day price, however we are having some issues understanding two things:
- The Donchian Channel - The wiki says that it touches the high's and lows, but it doesn't which leads me to beleive that it is also a trailing indicator. If so, how many days is it? It looks relatively short to me and at a guess I would say 5 days.
- Does all of the information on this page reflect what was SOLD or what is listed for buy/sell?
- Same question as above but for the tables. Do the low/high reflect SOLD prices or listed prices?
- The table shows X orders and Y Quantity. Where, for example, this reads 4 & 4 am I right in assuming that 4 transactions were made each purchasing 1 unit? Where as if it were 4 & 5, it would suggest that someone bought 2?
Any help is appreciated.
Regards
Barrak |
GankYou
Redshield Holding Company
379
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Posted - 2015.05.14 00:00:21 -
[2] - Quote
Welcome back.
1) Various technical indicators have differing success and may not be suited for all cases - they are also subject to configuration parameters that need to be tailored on a specific timeframe basis, so I wouldn't put faith into Donchian channels in this case, seeing as they have an unknown period attached to them.
2) The chart is derived from transactions that took place.
3) See point two.
4) Yes.
For charting use,
https://element-43.com/market/34/ https://www.fuzzwork.co.uk/market/marketdisplay.php?typeid=34®ionid=10000002 http://eve-markets.net/detail?typeid=34#history
Element-43 uses a 1-day moving average to draw the weekly chart from all market orders in Heimatar, the Forge, Domain and Sinq Laison regions, which are the four prime trade hubs in Empire space, and though not displayed, Hek in Metropolis region being the fifth.
Eve-Markets has price history going all the way to 2008-YC110, and it also provides historical volume data.
The data in the case of Fuzzwork & Element-43 is sourced from CCP's CREST.
You can observe the application of the above tools in the Lowend Mineral Price tracking thread in my signature.
...And They All Crave One Thing - ISK. Gÿ+
Nullsec Ore Changes - Lowend Mineral Price Tracking [2015]
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HeXxploiT
Big Diggers Get Off My Lawn
141
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Posted - 2015.05.14 01:23:51 -
[3] - Quote
Barrak wrote:Hello. I'm returning to the game this week and my wife has agreed to give it a bash (the game that is!) She's not really interested in pew pew but wants to try trading. Thus she/we have some questions around the price history section of items. We understand the principal of the moving averages and the median day price, however we are having some issues understanding two things:
- The Donchian Channel - The wiki says that it touches the high's and lows, but it doesn't which leads me to beleive that it is also a trailing indicator. If so, how many days is it? It looks relatively short to me and at a guess I would say 5 days.
- Does all of the information on this page reflect what was SOLD or what is listed for buy/sell?
- Same question as above but for the tables. Do the low/high reflect SOLD prices or listed prices?
- The table shows X orders and Y Quantity. Where, for example, this reads 4 & 4 am I right in assuming that 4 transactions were made each purchasing 1 unit? Where as if it were 4 & 5, it would suggest that someone bought 2?
Any help is appreciated. Regards Barrak
1:The Donchian Channel is literally the high and low of that 24hr period(day) with a line drawn through the X axis. It is literally nothing more than the single highest high and single lowest lowest low of the last 24hr period. 2:Only what is sold shows in any chart never buy orders or sell orders. 3:Yes correct. 4:Yes correct. |
Cista2
Phoibe Enterprises
89
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Posted - 2015.05.14 05:40:21 -
[4] - Quote
Hey if you could use a few people to talk with about your trading adventures, you are welcome to join my ingame channel "Signatures". Only a handful of people there, but very helpful and knowledgeable.
For a much bigger place, with quite a lot of noise, there is the "SCC-Lounge".
My channel: "Signatures"
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Recommended: "The Biomass Bar" (for corpse selling)
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Barrak
Wormhole Engineers Greater Realms
107
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Posted - 2015.05.14 07:50:20 -
[5] - Quote
Hey,
Thank you very much for the replies.
I'll have a peep into those channels too.
Regards
Barrak |
Thoraemond
Far Ranger
196
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Posted - 2015.05.15 04:45:17 -
[6] - Quote
Barrak wrote:Thus she/we have some questions around the price history section of items... Perhaps this'll help, too:
Quote:What the heck is a 'Donchian Channel'?
Today's upper and lower bounds on the Donchian Channel are the highest and lowest recorded prices (outliers are excluded) from the past five days. This can be 'seen' as the thin yellow vertical lines give shape to the Donchian Channel.
The daily low and high bands don't always extend to the edge of the Donchian channel because it's a five-day trailing channel; i.e., its boundaries are defined as the lowest low of the past five days and the highest high of the past five days. So if today's low is not as low as the low from a couple of days ago, then today's yellow line will not reach the bottom edge of the channel.
A wider Donchian channel tends to indicate a larger spread or greater price volatility. This and other answers are available at the Market Discussions FAQ on the wiki. It's possible some answers are a bit out of date, but most of the information is sure to be sound.
GÇó Graph re Market Order Broker Fees GÇó Diagram re Skills for Remote Trading GÇó
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Eric Raeder
No Fee Too High
111
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Posted - 2015.05.19 12:15:48 -
[7] - Quote
Personally when looking at price history in game I spend much more time looking at "show table" than "show graph" (there's a button at the bottom left of the window to switch views). The graph is a quick glance indicator of trends, but the scales are too small to give very accurate information. Using the table form it is fairly easy to see how many items are selling each day, average price each day, and fairly crucially, whether the bulk of the sales are via buy orders or sell orders (if average price is near daily low most sales are via buy orders, if its near the daily high most sales are via sell orders). |
Barrak
Wormhole Engineers Greater Realms
110
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Posted - 2015.05.19 12:41:18 -
[8] - Quote
Eric Raeder wrote:Personally when looking at price history in game I spend much more time looking at "show table" than "show graph" (there's a button at the bottom left of the window to switch views). The graph is a quick glance indicator of trends, but the scales are too small to give very accurate information. Using the table form it is fairly easy to see how many items are selling each day, average price each day, and fairly crucially, whether the bulk of the sales are via buy orders or sell orders (if average price is near daily low most sales are via buy orders, if its near the daily high most sales are via sell orders).
Great advice. I started doing this a few days ago.
It's a fantastic indicator as to whether or not those, unbelievably, low buy orders are ever going to work
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