 Gold Customer
Joined: 12/18/2004
Posts: 50
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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
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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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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Gold Customer
Joined: 12/18/2004
Posts: 50
|
Thanks
|
Worden Trainer
Joined: 10/7/2004
Posts: 65,138
|
You're welcome.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
|