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Market - average price calculation - what the F*CK?!
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Aremon Moonserpent
Republic Military School
Minmatar Republic
#1 - 2013-06-26 17:51:33 UTC  |  Edited by: Aremon Moonserpent
Okay I give up.

How does one arrive at this so-called market average?

Just made a screenshot with one my trader alts: Ship orders, sell orders all around 40M, buy orders around 21-22M. I place a buy order for 21.7 M and get the warning...

"The price you have chosen is 458.55 % above market average".

So, I see two options here:

1. I can't understand for the life of mine how the average price is calculated

2. The calculation algorithm is buggy as the mythical christian hell

If the former is true, can anyone enlighten me? Is there any reasoning in the current calculation? Referring to the example, I'd expect the market average to be somewhere between some 21 M and 40 M, but according to the warning it's around some ridiculous 4 M?!

If the latter is true... is there any word on whether this might be fixed some day? And if so, how far up or down it is on the list of issues?
Rastuasi
Crunchy Crunchy
#2 - 2013-06-27 11:24:05 UTC
Average is taken from regional, so somewhere someone has set a ton of buy orders for dirt cheap. When it averages out, it is much lower than the trade hub.
Aremon Moonserpent
Republic Military School
Minmatar Republic
#3 - 2013-06-28 01:28:53 UTC
Well that's fine technically but when you look at all the orders in the market region shouldn't these dirt cheap orders appear somewhere on the list?

Unless of course this average formula takes in what happened in the more-or-less recent past of the market region too, in which case I wonder: What for? When you set a price for some market order what concerns you is usually the current price an not whether someone gave away 30 ships almost for free last week right?
Thorian Crystal
Viziam
Amarr Empire
#4 - 2013-06-28 16:14:35 UTC
The average doesn't tell anything if it shows some ridiculous amounts. I mean, if few people has decided to create buy orders for the stuff for 1 isk, it doesn't tell the real market price. I mean, no one is going to sell stuff for ridiculous amounts, or then they don't care about the price. For the rest of us, who care about the price, those 1 isk buy orders do not belong to the average, because we do not consider that kinds of prices as any kind of valid prices. So, a better average would be calculated from some actual sold values.

The same issue is with the estimation of prices of items. The estimate is way off when it shows like 7m and the item sells for 500k. Maybe the item has been sold for 7m earlier, or then the estimate takes into account also sell orders, where people sell the stuff for ridiculously expensive amounts, or something like that.

Any averages and estimates should be based on acceptable values or the averages and estimates are simply carbage that cannot be used.
Aremon Moonserpent
Republic Military School
Minmatar Republic
#5 - 2013-06-29 08:24:03 UTC
Exactly what I mean. The average values assumed in-game are absurd, or else I'm just too dumb to figure out how they are calculated (which is of course possible Cool ).

It's compounded by those stupid warnings "the order you're about to place is a bajillion percent above market average". For the love of whatever deities CCP honors over there in Iceland (Loki? It must be Loki right? Big smile ), please either change the calculations to something that's actually of some use, or at least allow us to turn off those warnings.

Alternatively, if we just don't get it, please at least explain to us how you arrive at those strange numbers. Please? Pretty please?