***While I haven’t read the book yet…Skimming Thru it Shows Great Examples of The Statistics Any Technical Trader Should Know Regarding Their Trading Methodology!!!
Link To PDF - Day Trading With Short Term Price Patterns And Opening Range Breakout. d.pr/f/1fDD5
Chris Moody - I really appreciate your codes. For someone, who's not very well versed with PINE, you are a godsend! Cheers, Akash
ChrisFretwell
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God I spent the last week trying to do this exact thing and could not. Thank you
cooney_s
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Counter trend Wide Range Bar, fib draw.
ChrisMoody
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Thanks for the posts...
cooney_s
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...and this is what I mean. I use the Wides for Targets and the Narrows can be used for obvious price action reversal. Candles have been darkened to help highlight just the indicator candles of significance.
cooney_s
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My experience has been that Wide Range Bars lend themselves to better trading. Meaning that they signal a heavy move and momentum usually carries through. I simple draw a Fib on the whole candle to measure the whole price action of the respective bar. Gives easy targets.
JRG
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Thanks for doing this Chris. You should checkout Thomas Bulkowski site thepatternsite.com/CPIUpdate.html. Maybe this is where Bulkowski obtained the NR-7 idea. Good work you do!
cooney_s
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Thanks Chris, great tool! Going straight in the tool box and on the chart.
ChrisMoody
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No idea how to use it yet..someone requested it...forgot to give them credit....
pic says enough