Thanks for that Dale, it helps but I'm still having issues. On gold, If I leave the limit at 3, and don't use a pipfactor at all, my SI values range between roughly -1000 and 1000, so dividing by the pipfactor of 0.1 will only make the values bigger. However, if I leave the limit at 3 and MULTIPLY the end result of the SI by 0.1, then I get values that fluctuate between about -115 and 115, which seems to be right.
On a "standard" forex pair like usd/cad where the price is quoted 1.xxxx if I keep the limit at 3 and divide the SI by a pipfactor of .001 (not .0001) I get SI values which fluctuate between -500 and 500 or so, and if I change the pipfactor to .01 the values fluctuate between -50 and 50 or so, which actually seems more correct to me because the price data I'm using for this pair (the last 6 weeks or so) the market is mostly ranging, so the values not getting much higher or lower than 50 or -50 seems to make sense.
I'm not sure why I'm getting these results, but as long as I tweak the pipfactor to divide (or multiply) by a tick value that makes the SI values range between roughly -100 and 100 do you think it will be okay? Are you still getting SI values sometimes that are a little bit higher or lower than -100 and 100? I just don't get how I am having these problems because if I plug in the figures from the book into my spreadsheet everything is spot on perfect...
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