PTI > 35 connundrum

[Philby]

Recently when I was searching for some W5 's, I noticed that when I clicked the PTI tool to check the W4 channels and PTI, I got quite a low number (8) so I though I should skip this trade.

However I thought I would roll the chart back to just before the time GET labelled the W4 to double check the PTI and guess what - the PTI was 54 and no channels were broken.

After a bit of analysis I found that after GET labelled the W4 the system did a recount. So when the chart was half way through a W5 and I decided to check the PTI with the PTI tool I got 8.

Does anybody know which number I should use - the original 54 as GET labelled it or the 8 from the PTI tool based on a recount ?

Clearly one selection says no deal while the other says take the deal.

[MR]

The built-in PTI is internal to the algorithm and comes up when AGET thinks Wave 4 is beginning. It calculates its numbers based on the wave count in progress at the time. To the best of my knowledge, it has always taken precident to any user defined PTI value.

The manual PTI tool is a tool created to allow a user to experiment with his/her own PTI ideas. It is a supportive tool, not a primary decision-making tool. It calculates its values from where the user defines it-- based on where a user clicks the mouse button to start the calculation and where the user clicks the mouse a second time to end the calculation.

My guess is if you started your manual PTI calculation further back in the data you are looking at, you would generate a more similar PTI value and would, therefore, most probably have less confusion on the two different PTI's.

[MR]

After re-reading your question several times, I think I am getting a better understanding of your question. You seem to be talking about looking at a wave count/PTI changing in the EOD Training Mode? If so, all yo can do is take the very best Type 1 Buy/Sell setup you have at the time, and if that PTI at that setup trigger time is greater than 35, it is one more supporting tool at that time. It is no more, no less.

[MR]

PTI review

Not sure if this adds anything new, but here is also an Overview of Profit-Taking Index (PTI) link... maybe it might over some PTI insight(s)?

Click here for PTI review

[Philby]

PTI confusion

Marc,

Your comments did help a little but I do not think we are on the same page - let me explain what I did to see if it makes things a little clearer.

First I searched my stocks for a wave 5 - found a few and began to review the charts. In order to see if the W5 which was in progress was going to exceed the top of W3 or be a double top etc I thought I would use the manual PTI to test what the PTI was, because the automatic PTI from GET EOD was no longer on the chart because we had begun a W5.

So to test out the manual PTI I clicked from W2 up to W3 top then down to bottom of Wave 4 and got a PTI. In some instances the PTI's were < 35 and I thought skip this stock as PTI is too low. But then I thought how can I check this PTI calc is right ?

The simple answer was put GET in training mode, shift the time back to a point before the end of W4 and see what PTI is automatically generated by GET.

Theory seemed fine and in most instance GET in Training mode generated the same or similar number to the manually derrived PTI as at todays date.

However in some instances the automatically generated PTI from GET in training mode would be > 35 and yet when I switched traing mode off and used the PTI tool I was getting PTI's of < 35.

This testing is simply saying "... if I had of found this stock say 2 weeks ago what would it's auto PTI have been ? ...." By moving the date back in training mode I am simply allowing GET to recalc the PTI and then I roll the date forward back to today and use the PTI tool to check - the answers should be the same - but in some cases they are not.

Thus my original question - if the earlier auto PTI is great but now you are in a W5 and the PTI tool says the PTI is too low which one is correct.

My testing usually found that where the PTI's differed it was because of a new wave count had taken place.

Hope this help you to understand the problem.

[MR]

PTI

The automatic PTI should be the priority. Maybe someone else who has more current experience can add to or carry on this discussion on PTI? Open to others input here.