Hi all, I'm a bit concerned about the range making process as of late. We need to discuss to what extent, if any, we should use unconfirmed trades and other such information in making ranges. Sometimes when making ranges admins have been adamant that ranges should be made using confirmed trades only, no other information. But I've heard that green range today, and probably other ranges, were made taking into account unconfirmed trades and/or the current W2 atmosphere. There are pros and cons for both approaches, but for the sake of transparency and consistency we need to make it clear what we're doing.
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Another point of concern is that the number of trades we use to make a range seems to be largely up to the discretion of the player who initiates the range making process. Sometimes as many as 12 trades are used, and sometimes as few as 4 trades are used. Obviously this decision can affect the resulting range a lot (e.g. if more than 4 trades had been used for today's blue range, top end would be higher than 9000). Probably what's going on is we're trying to use only trades from the last few days, which could be 4 trades or could be 12 trades. But to an outsider, it looks like we're picking and choosing which trades to use to get the range we want.
I would suggest that the person who compiles trades list all recorded trades from the previous 3 (maybe 2?) days, or the 5 most recent recorded trades, whichever is more. So, e.g., if there have been 8 trades in the last 3 days, there would be 8 trades listed. If there have been 3 trades in the last 3 days, there would be 5 trades listed (2 of which are more than 3 days old). Thoughts?
15-Aug-2016 04:19:28