TheRumpledOne wrote:Out of the last 100 days...
Price opened above the pivot 60 times
Out of those 60 times, price went lower than the pivot 39 times. 39 / 60 = 0.65 or 65%. So that is a hit rate of about 2 out of 3.
Keep in mind, if price doesn't hit the pivot, the trade could still be closed in profit.
Yes, I understood you.
Just so I know it very well:
The hit rate refers to the same day candle with the opening of the candle over PP?