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PureBytes Links
Trading Reference Links
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NEXT DAY'S HIGH PRICE TARGET:
WriteIf( o>c, "WriteVal(( h+2*l+c)/2-l)", " ")
WriteIf( o<c, "WriteVal((2* h+l+c)/2-l)", " ")
WriteIf( o=c, "WriteVal(( h+l+2*c)/2-l)", " ")
NEXT DAY'S LOW PRICE TARGET:
WriteIf( o>c, "WriteVal(( h+2*l+c)/2-H)", " ")
WriteIf( o<c, "WriteVal(( 2*h+l+c)/2-H)", " ")
WriteIf( o=c, "WriteVal(( h+l+2*c)/2-H)", " ")
the above serves as a predictor of how the market or stock might move the
rest of the day, after a few minutes of trading, when you can find out
the opening price.
when i'm getting to trade this info is very useful, especially when i am
at work and can't access market info. i place my order according to the
predicted price range relative to what the opening price is.
the projected high serves as resistance, while the projected low serves
as support.
mike
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