Support Board
Date/Time: Sat, 10 May 2025 23:45:18 +0000
Post From: Request for simple code/indicator
| [2016-05-21 07:37:06] |
| EuropeanTrader - Posts: 290 |
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Hello everyone! Can someone please create some sort of alert (colored bar or a dot signal beyond a bar) when a simple criteria is met: "A bar opens at 20% extreme and closes on the other 20% extreme of its price range". For example: Low of bar is 100, high is at 200. Open is at 120 and close is at 180. You see that Open/Close of that particular bar were on the extreme ends, at their 20% extremes. Attached is also a visual example (not all examples are circled, just a few so you get an impression). =========================== The idea comes from Linda Raschke's book Street Smarts where she made some statistics that show very high odds of breaching that bar's high/low the next day. It's a good quantitative model within good trend trades could be made). =========================== Thank you!! Date Time Of Last Edit: 2016-05-21 07:38:00
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8020s.png