Nothing

[Captain Pugwash]

Pebble - your posts are brilliant - there's always something to make me think.

We dont want this forum highjacked like BP and others by pedantic forum trolls who offer nothing but a massage of there own egos.

and if the above words dont work on ya - I'll send the boys round

[frang0nve]

If we averaged the prev. highs, lows, & closes of the hour, day, week, month, and year then what kind of a line chart would that make?

H = High of (H1, D1, W1, M1, Y1)/5
L = Low of (H1, D1, W1, M1, Y1)/5
C = Close of (H1, D1, W1, M1, Y1)/5
----------------------------------------------
(HLC)/3

Might be a stupid idea, just thinking.

In AFL (Amibroker Formula Language) this is the code:

[font=Courier New]Y1_H = TimeFrameGetPrice( "H", inYearly, -1 );
M1_H = TimeFrameGetPrice( "H", inMonthly, -1 );
W1_H = TimeFrameGetPrice( "H", inWeekly, -1 );
D1_H = TimeFrameGetPrice( "H", inDaily, -1 );
H1_H = TimeFrameGetPrice( "H", inHourly, -1 );
Ave1_H=(Y1_H+M1_H+W1_H+D1_H+H1_H)/5;

Y1_L = TimeFrameGetPrice( "L", inYearly, -1 );
M1_L = TimeFrameGetPrice( "L", inMonthly, -1 );
W1_L = TimeFrameGetPrice( "L", inWeekly, -1 );
D1_L = TimeFrameGetPrice( "L", inDaily, -1 );
H1_L = TimeFrameGetPrice( "L", inHourly, -1 );
Ave1_L=(Y1_L+M1_L+W1_L+D1_L+H1_L)/5;

Y1_C = TimeFrameGetPrice( "C", inYearly, -1 );
M1_C = TimeFrameGetPrice( "C", inMonthly, -1 );
W1_C = TimeFrameGetPrice( "C", inWeekly, -1 );
D1_C = TimeFrameGetPrice( "C", inDaily, -1 );
H1_C = TimeFrameGetPrice( "C", inHourly, -1 );
Ave1_C=(Y1_C+M1_C+W1_C+D1_C+H1_C)/5;

Ave1_HLC= (Ave1_H+Ave1_L+Ave1_C)/3;

Plot(( Ave1_HLC), "Ave1_HLC", colorRed );[/font]

And here you can see a chart for EURUSD:

Black= Price
Red= MO_Average






Cheers


Francisco

[frang0nve]

Another chart for EURUSD:

Zoom in

[PebbleTrader]

Removed

[Humble]

Just when you got your 1000 post and all. Have you tried asking TRO for his help?

[PebbleTrader]

Removed

[Jalarupa]

Keen... so when do we move shop then?

[Jalarupa]

[PebbleTrader]

Removed

[Braathen]

Hi pebble!

So im just thinking how the candle itself is a deception. The candle represents price travling from a to b with 2 extremes and the open and close within x amount of time.

Now as i see it the candles are just there to tell u a story.. but just like people candles can yap on all day but its what price does that is important.

So i cant really see candles themselves as being a deception.
I can see moves being a deception over time (Body in direction...wicks in direction...)
But can we really blame this on candles?
Im left thinking why cant we see what is significant with just plain candles?

Just trying to get into what your doing.
Have a great day/evening/night.