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Registered User
Joined: 8/30/2011
Posts: 161
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Im trying to make an indicator on a 15 min chart
so far i have c=>0+(o*0.05)
this works fine on daily time frame but when i lower it to 15 min i get nothing, just a flat line , can you help
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Administration
Joined: 9/30/2004
Posts: 9,187
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I don't understand the formula. Why are you adding zero to O*.05?
Are you trying to find stocks where the close is at least 5% above the open?
C >= O*1.05
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Registered User
Joined: 8/30/2011
Posts: 161
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it isnt 0 its o (letter O )
so the close is greater than the open by a min of 5%
i was going to run it on a 15 min chart and look for popping stocks
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Administration
Joined: 9/30/2004
Posts: 9,187
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On a 15-minute chart the stock would have to be up 5% or more from the open of the latest bar.
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Registered User
Joined: 8/30/2011
Posts: 161
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ok thanks ill run it again now market has been open for a while
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Keep in mind that O the open of the bar, not the open of the trading day. You can't mix time frames in a single formula.
-Bruce
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