Registered User Joined: 10/7/2004 Posts: 1,178
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My intraday trading wish is to be able to quantify price action in the last hour of trading yesterday.
An unchanged numerical value for Open to Close during the timeframe from 3:00 to 4:00 the day before is what I am seeking. This would need to be as a Column -- and/or as an indicator that could be put into an Easy Scan.
As it is now, I use an Hourly Chart to visually scan yesterday's last hour's Candle. I am focusing on finding Dojis or small candlestick bodies. My experience has been that these result in profitable morning trades.
I am thinking this is not possible in TC now, but would appreciate passing this on to those who consider adding worthwhile features to TC.
Do you have an opinion about the likelihood of this quantification becoming part of TC, Bruce?
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Worden Trainer
Joined: 10/7/2004 Posts: 65,138
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You could write something for before the close because the number of bars ago would be fixed at that time. Once the market is open however, you would need a new formula every time a new bar starts forming.
Thank you for your suggestion. I do not know when or if any particular suggestion might get implemented.
-Bruce Personal Criteria Formulas TC2000 Support Articles
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Registered User Joined: 1/28/2005 Posts: 6,049
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QUOTE (traderlady)
My intraday trading wish is to be able to quantify price action in the last hour of trading yesterday.
An unchanged numerical value for Open to Close during the timeframe from 3:00 to 4:00 the day before is what I am seeking. This would need to be as a Column -- and/or as an indicator that could be put into an Easy Scan.
As it is now, I use an Hourly Chart to visually scan yesterday's last hour's Candle. I am focusing on finding Dojis or small candlestick bodies. My experience has been that these result in profitable morning trades.
What about O1 vs C in a 30min timeframe?
Thanks
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Registered User Joined: 10/7/2004 Posts: 1,178
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Okay that won't work. But I've another idea that does work.
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