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Hello Roy,
Thank you so much for spending time on this.
The periods I am using are 5 Min bars.
As the number of bars in a trading day is dependent on the number of
trades in that particular trading day, I would suggest to use the
following anchor points
In the previous trading day: The first 5 min bar in the last half
hour of trading
In the current trading day : The Last 5 min bar in the first half
hour of trading
Kindest regards
Guno
--- In Metastockusers@xxxxxxxxxxxxxxx, "Roy Larsen" <rlarsen@xxxx>
wrote:
> Hi Guno
>
> Yes I'm sure what you want can be done easily enough. I've done
something similar (for someone else)
> using specific bars on the current day. Naturally the new value
for each day can't be plotted until
> all the required bars are available but the code is not too
difficult. What periodicy would you be
> using, and what are the first and last bars for each of the first
and last half hours?
>
> Regards
>
> Roy
>
> > Thank you for taking time to answer my post.
> >
> > What I want to do is the following. I have noticed that at the
open
> > on an intra day chart the markets often gap up or down. What I
would
> > like to do is to look at the last half hour before the market
closes
> > and the first half hour the next day after the market opens.
> > Taking the high and the low of this time span on an intra day
chart
> > I would like to calculate a line that draws a line in the middle
of
> > this gap extending to the right and to the end of the trading
day.
> > The idea behind this is to trade from the long side if the market
> > moves above this line. In case the market moves below this line
> > than I will only accept trades from the short side.
> >
> > I hope this makes sense
> >
> > Regards
> > Guno
> >
> >
> >
> > --- In Metastockusers@xxxxxxxxxxxxxxx, "Roy Larsen"
<rlarsen@xxxx>
> > wrote:
> > > Guno
> > >
> > > > Hi Roy,
> > > >
> > > > Nice piece of work, How do you extend this to also work on
an
> > > > intrday chart drawing a line from yesterday 16:00 Hours to
today
> > > > 11:00 Hours.
> > > >
> > > >
> > > > Kindest regards
> > > > Guno
> > >
> > > Can we start over. What is it that you want to extend from one
day
> > into the next? What is the
> > > context of what you are trying to do?
> > >
> > > Roy
> >
> >
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
> >
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