on a friday the daily candle closes below the open: how big is the average percent difference between high and open? Here is the result: Average((high-open)/(high-low)*100,137) 23,72% days 137 but what can we do with it? when the intraday price is above the open plus 23,72 % of todays range(high-low) it is an indication, that the close will not be under the...
The indicator shows the intraday price structure of the dax (Ger30). A new day starts at zero. The information of the indicator is enough to program such a system !!!!