Originally Posted by
mwah
Okay, this seems like the same thing I guess? If it is the same thing how is this easier than what I've done already or more accurate? Would you intend to use a different graph for each item?
yes indeed
Originally Posted by
mwah
I think that would be a little confusing to figure out for the majority of users.
if majority of users can't be arsed to learn to read japan candles graphs, then it's their own fault.
if you spent 5 minutes to get grip of concept, you may get some use out of it, afterall this is the type of graph used pretty much everywhere.
Originally Posted by
mwah
Plus, I'm not sure if that method can factor in rarity of an item that I am basing off the amount of qi that the general public has. Wouldn't this show that price of a Void Force is constantly going down because it's not really being bought often, if it is based on trends?
nope. it shows the trend of how does the X items sells.
let's say we will have a timeframe of 1 hour
in this case you will be able to see for how much X item was sold for in previous 12 hours and see the pricing trends, for example during last 6 hours orc was sold for 10 - 15 tc, looking at the graph you can tell the trend if price for orc will rise or fall in next 6 hours. time frame may be adjusted to fit tb pace, but the general idea is, you can tell how much this or that item may cost aprosimately in the future.
rarity is redundant. if the item is rare - the price will go up drived purely by supply / demand model. this is really basic stuff. no need to overcomplicate anything.
making graphs that have some degree of uncertainity will improve market since it will have some trading element, instead of having an average value which will be used as baseline to haggle the item.
Originally Posted by
mwah
I'm open to new methods mathematically that may be easier than the way I've used in the example but I don't know about showing everyone a chart for each item, or even the result of the chart since it cannot judge things by it's rarity. Plus, this chart seems more useful if you are wanting to look over long periods of time which isn't the case. The way I'm proposing would update a price range all the time simply based on the math of for how much people are buying and selling and how often they are on certain prices.
i can't be arsed to explain really basic things, but seriously, this type of graph is used for all exchanges and show dynamics in price daily. in short - these many bars are usually actually representing time frame of 5 / 15 minutes, so it's used for very fast paced trades, like foreign exchange.
meh, get to uni, this is very basic type of crap, that even i remember.