Hi, how can i creat a scan searching for 90 days range breakouts or breakdowns?
thanks
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Sorry Bruce maybe i didn't explain well. We want to use the range of the previus day. What i want is actualy 2 chanels with horizontal lines. One chanel covers an aeria above the price range and the other chanel covers an aeria below the price range. With the formula you gave me i get only one chanel which covers the price range. Here is an ex. to help you understand what i am looking for:
The high was - 92.80 for yesterday
The low was - 92.04 for yesterday
The close was 92.59
We first calculate the daily range which is the high minus the low.
92.80-92.04= .76
Once the true range is calculated we multiply by the Fibonacci Range Expansion ratio of 1.618. Thus .76 x 1 .618 = 1 .2300
We then add and subtract this factor from the close to get the upper and lower Fibonacci range expansion values. The close of the upper Fibonacci expansion value is 92.59 + 1.23 = 93.82. The close of the lower Fibonacci expansion value is 92.59 - 1.23 = 91.36.
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hi Bruce, i want to creat an indicator which hilights 2 zones (one above the days range and one below)
We first calculate the daily range which is the high minus the low. Once the true range is calculated we multiply by the Fibonacci Range Expansion ratio of 1.618. We then add and subtract this factor from the close to get the upper and lower Fibonacci range expansion values.
Can we creat such an idicator?
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QUOTE (stellis)
Can we creat a scan where yesterdays volume was 3x the average volume (and yesterdays bar closed above it's previous day bar) and today the stock's first 5min cundle is red (doesn't matter if it gapped down or oppened flat)?
This action shows emotional profit taking at the open and a potential red/green move for continuation
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Can we creat a scan where yesterdays volume was 3x the average volume and today the stock's first 5min cundle is red (doesn't matter if it gapped down or oppened flat)?
This action shows emotional profit taking at the open and a potential red/green move for continuation
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