EdgeTalk

I am questioning whether intraday signals can be relied upon. Based upon EOD signals I entered a limit order to buy. I was filled on my limit and the stock quickly rose in price. When an intraday scan was run on Edgerater there were no signals at all. There should have been a "hold long", or "exit long" signal. I suspect this problem will also occur on interday, EOD, data if the system is only looking at closing prices and not looking at the daily range.

Am I correct in my thinking?

The intraday scan works by taking the bar being formed today (OHLCV) and assuming that it is a full EOD bar. So, if you saw that the limit price was hit it should have been listed as a 'Hold Long' after the intraday scan.

In order to track down the issue with your scan I would need more information such as

• The name of the template
  The symbol list,
  The date and time of the EOD and intraday data
  Supporting Screen Captures which show what you are looking at

If you see this behavior again, please provide the above information and I will track down the problem. I may ask you to forward me the actual data snapshot and symbol list so that I can reproduce the issue also.