Hello
After Rajesh's inputs and points to Al Brooks
Downloaded a summary presentation Trading the Open
Link: https://www.brookstradingcourse.com...ks-TradersEXPO-Las-Vegas-Trading-The-Open.pdf
Very interesting observation / analysis is presented about opening bar / candle
20% of the times we get a High or Low on first Bar, 50% of the times its within first 30/45 minutes and 70% of the time within first 90 minutes
But why believe in Al Brooks when we can test for our self
Thanks to everyone participating on this thread
.
After Rajesh's inputs and points to Al Brooks
Downloaded a summary presentation Trading the Open
Link: https://www.brookstradingcourse.com...ks-TradersEXPO-Las-Vegas-Trading-The-Open.pdf
Very interesting observation / analysis is presented about opening bar / candle
20% of the times we get a High or Low on first Bar, 50% of the times its within first 30/45 minutes and 70% of the time within first 90 minutes
But why believe in Al Brooks when we can test for our self
Code:
// Scanner for Day Hi Lo Bar Number
H1 = TimeFrameGetPrice("H",inDaily,0);
L1 = TimeFrameGetPrice("L",inDaily,0);
ND = Day() != Ref(Day(), -1);
Bars = BarsSince(ND) + 1;
Hi_Count = ValueWhen(H==H1,Bars);
Lo_Count = ValueWhen(L==L1,Bars);
Filter = TimeNum()>152900 AND TimeNum()<153000;
AddColumn(High,"High",1.2);
AddColumn(Low,"Low",1.2);
AddColumn(Close,"Close",1.2);
AddColumn(Hi_Count,"Hi Bar No",1.0);
AddColumn(Lo_Count,"Lo Bar No",1.0);
Thanks to everyone participating on this thread
.
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