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NoEmotions

Registered: Apr 2006
Posts: 211

04-27-12 10:52 AM

thx all fpr replay...

For daytrading...
The reason I like DJIA candlestick chart is because of less noise....
I thought if I can reproduce price candlesticks of DJIA with some instruments then I can take advantage of less noise to apply even tighter stop losses.
With DIA, e-mini dow etc.. noise is a very vital component which forces me to put little larger stops.

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stoic

Registered: Aug 2007
Posts: 399

04-30-12 08:33 AM

Quote from jeb9999:

DJIA is a price weighted index.

The DJIA is calculated by adding up the last price of each component then divide by 0.1321749

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jeb9999

Registered: Feb 2008
Posts: 1864

04-30-12 04:50 PM

Quote from stoic:

The DJIA is calculated by adding up the last price of each component then divide by 0.1321749

Don't know where you got that divisor, but the correct one is 0.132129493.

http://online.barrons.com/public/pa...-djhfhravg.html

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stoic

Registered: Aug 2007
Posts: 399

04-30-12 04:57 PM

Quote from jeb9999:

Don't know where you got that divisor, but the correct one is 0.132129493.

http://online.barrons.com/public/pa...-djhfhravg.html

just used a spreadsheet

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Scataphagos

Registered: Apr 2009
Posts: 9156

04-30-12 05:08 PM

Quote from NoEmotions:

"... DIA daily candle chart is very different then DJIA daily candle chart.
Even futures chart is different.

Dow Jones ETF and futures reflect the real market... non-RTH prices included and therefore gaps.

The DJIA reports the opening to be the same as prior day's close... which distorts the candle pattern.

Suggestion... forget the DJIA. Look to DIA or DJ futures.

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