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Date/Time: Sat, 18 May 2024 04:05:02 +0000

Post From: Missing Open to Close(Last) Range in "High/Low for Time Period" study

[2023-07-18 13:36:16] Link To Thread - Link To Post [Go To First Post]
User117222 - Posts: 9
@tomgib Thank you for your Post #8. I've been able to recreate the DR IDR study based on the studies in your .CHT file. It looks great! One thing I was struggling with was to create the DR IDR Extension Target Lines. Their calculation is based on the Standard Deviations of the Range b/w the IDR High & IDR Low (For the Regular NY session). 10 lines are plotted above that in 0.5 increments - starting at 0.5 till 5 Std deviations. Similarly, 10 lines are plotted on the negative side, starting at -0.5 till -5 std Dev. While I'm able to use a Price Projection Tool temporarily - this is manual, and quite laborious. Backtesting with this is very cumbersome too. I explored various Studies in SC like Std Deviation Bands, Pivot Points, etc., but was quite lost on how to achieve this. Any pointers? I've attached 2 screenshots from a Trading View Indicator which illustrates this. The output is similar to what Pivot Points lines look like, but they are based on the calculation described above. Many thanks


DR IDR Std Deviation Target Lines - Positive.png / V - Attached On 2023-07-18 13:35:03 UTC - Size: 91.91 KB - 77 views DR IDR Std Deviation Target Lines - Negative.png / V - Attached On 2023-07-18 13:35:12 UTC - Size: 84.25 KB - 80 views