TRO 2020 DONATIONAL INDICATORS

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Wbateman3
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Re: TRO 2020 DONATIONAL INDICATORS

Postby Wbateman3 » Tue May 18, 2021 1:14 am

@TheRumpledOne Can you explain to me the following Freq Distribution data? I'm trying to understand which data is statistically significant to gain an edge trading the Daily candle Buy Zones. Should I be focusing on a balanced number (percentage) between the Open - Low and the High - Open stats, such as the ~50% number. I'm not good at statistics so I'm just wondering which numbers/ percentages a trained statistician/programmer would focus on. I'm trying to structure reasonable open offset price levels for buy zones and profit targets based on the typical high/low range. Thanks.
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Freq Dist Example
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TheRumpledOne
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Re: TRO 2020 DONATIONAL INDICATORS

Postby TheRumpledOne » Tue May 18, 2021 3:41 pm

High minus Open is greater than 5 pips 97% of the time and greater than 10 pips 97% of the time so it seems if you get in at open + 5, you have a 143/146 = 97.9% statistical chance of a win. Of course, price can reverse, stop out and then reverse again and go to open + 100! That's trading! Anything can happen.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Otbfx
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Re: TRO 2020 DONATIONAL INDICATORS

Postby Otbfx » Thu Jun 17, 2021 2:40 pm

Good Day TRO,

Refer indicator: 3_Level_ZZ-Semafor_

Please consider to add a breakout line once the 3Ball is confirmed.
See sample drawings as per image attached.

1. Plot a red line at the Low of the confirmed High 3Ball candle.
2. Plot a green line at the High of the confirmed Low 3Ball candle.

3ball.png
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