TRO RAT ZONE filter and another question

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poltergeist
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TRO RAT ZONE filter and another question

Postby poltergeist » Thu Jul 29, 2010 5:09 pm

Image

What does it mean "5" in the line "range%". how many daily candles in history had such range?

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and question concerning rat reversal trade.
USDCHF - white candle high was 1.03870. And I set this price level in buy limit order and placed when nexr candle started. ok.
price went down. ok
price went up and my order was at 1.03868.
high of this candle was 1.03862, so never was at the level of the previous.
is that ok?

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TygerKrane
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Postby TygerKrane » Thu Jul 29, 2010 5:28 pm

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What does it mean "5" in the line "range%". how many daily candles in history had such range?

No, it means that the current day's daily candle has a range of 174.30 pips, and the current position of price is at 5% of the Daily Candle (lower wick, body, and upper wick.)

Meaning, if price is at the low of the day it is at 0% of the Daily Range, if price is at the high of the day, it is at 100% of the daily range.

The day low is always 0% of the day's range, the day high is always 100% of the day's range, regardless of what the Daily Candle Color (regardless of whether it is an up day or down day.)

In your picture, If the day's range is 174.30pips and price is 9 pips above it, that is 5% of the daily range (rounded number.)

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

poltergeist
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Postby poltergeist » Thu Jul 29, 2010 6:18 pm

of course!! :)
thx.

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