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robbiefx125
Posted : Thursday, January 11, 2018 11:31:56 AM
Gold Customer Gold Customer

Joined: 12/18/2004
Posts: 50
Hourly Charts
 
I'd like to analyze the opening frames (Close - Open) on an hourly chart. Say for the past 5 days.
 
There are 7 frames per day on an hourly chart.
 
Example:
If we are currently in Frame 3 of the hourly chart and I want to compute the Close - Open of yesterday's first frame, I would calculate C9 - O9.
 
If I want to reference the opening frame from 2 days ago, it would be C16 - O16.
 
So it's a function of 7.
 
1) Is there a dynamic way to do this during the day from any frame?
 
Or do I need to know the number of the current hourly frame?
 
2) Likewise, how would I do this after the close of the day? As of yesterday's close, it would seem to be C6 - O6. Then C13 - O13 for the prior day, etc.
 
Thanks
 
Bruce_L
Posted : Thursday, January 11, 2018 11:35:10 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

There isn't a dynamic way to do this which will automatically adjust based on either the time frame or the time of day.

Doing this after the close of the day is exactly the same as doing it during the last frame of the day. So for the current trading day on an hourly chart, you would use C6 - O6 in both instances. This remains true until the open of the next trading day.



-Bruce
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robbiefx125
Posted : Thursday, January 11, 2018 11:45:40 AM
Gold Customer Gold Customer

Joined: 12/18/2004
Posts: 50

Thanks

Bruce_L
Posted : Thursday, January 11, 2018 11:47:49 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138

You're welcome.



-Bruce
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