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Direct MessagesDate/Time: Tue, 30 Apr 2024 01:16:25 +0000
[User Discussion] - Auto Retracement Projection studies
View Count: 871
| [2014-12-07 12:59:23] |
| nioko54130 - Posts: 108 |
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Hi dear support! I'm using "auto retracement/projection" studies with the "retracement" calculation method on the price action. I consider that : - high - low = 100% I can see for the moment at which percentage the price is in a visual way, it's cool But i would like to know which is the formulas to calcul at which percentage the price is for each tick with a numerical value. thank's |
| [2014-12-07 15:15:51] |
| nioko54130 - Posts: 108 |
|
issue solved
|
| [2014-12-07 18:21:43] |
| nioko54130 - Posts: 108 |
|
i have found this formula : x = price in % of the range x = [100* (last price-low price)] / (high price-low price) this formula is working when the price move inside his range. But, when the price extend his range, my formula stay at 100% or at 0%. How can i add some modification on it to get a result which considerate the extension of the range ? For example, if the price goes up and break his existing range. If the existing range is 100 tick (100 tick = 100%), how can i modificate my formula to get x=110% for example when the price have broke his range with 10 uptick (in this case, 110 tick is the new range, which is equal to 110% of the old existing range) Thank's for your help |
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