Page 1 of 3

RANGE

Posted: Sun Dec 09, 2007 1:57 am
by TheRumpledOne
THIS CHART IS TELLING YOU SOMETHING.. WHAT?




Posted: Sun Dec 09, 2007 4:54 am
by whittakerj
I never understand these puzzles but I'll give it a shot... I'm guessing it has something to do with showing market volatility. More volatility creates more oppurtunities for scalping the market?

Posted: Sun Dec 09, 2007 5:07 am
by whittakerj
or...How about... the range of the last 50 minutes has exhaused itself at 50pips. And now since the price is making lower lows and lower highs the trend has reversed. Therefore you can expect it to range at least 50 pips...

Still shooting in the dark...

Posted: Sun Dec 09, 2007 5:53 am
by TheRumpledOne
Not a "puzzle" at all. I am trying to figure it out too.

I know it's telling something.

Posted: Sun Dec 09, 2007 5:59 am
by whittakerj
Oh, lol. I thought this was one of your tests...Any idea where the _tro_range indicator is located...I've searched the motherlodes and I'm not sure which one it is in... I will stare at the chart for a couple more hours and see if I can find anything. :)

Can you post another screen shot?

Posted: Sun Dec 09, 2007 4:00 pm
by TheRumpledOne
LOL.. there is no TRO RANGE for TradeStation.. I use TRO PLOT.

Remember, TRO PLOT will plot anything that can expressed as a number. No need to write indicators.

Posted: Sat Dec 15, 2007 4:44 pm
by jana
Looks like the bottom window of your chart is on drugs. :smt033

Too much info for me. :smt017

:lol:

Posted: Sun Dec 16, 2007 4:01 am
by TheRumpledOne
Hey jana, you're right.. it does look like a chart on drugs...LOL!!

Posted: Sun Dec 16, 2007 10:50 pm
by Gert Frobe
Avery, can you role the chart back i would like to see it from 4:30 to 8:30. it looks like the plot levels on the chart conflated at 7:35 and it looks like it might have done it before 5:30

thanks, airball

this chart is telling you something.. what?

Posted: Mon Dec 17, 2007 3:44 am
by ze
I do not know for sure but here is my guess.
New buyers came to the market at three approx. levels: 110.925. 110.850, 110.750 (bottom). Now, breaking of the 110.925 level North was the significant one, as the sellers panicked and covered shorts posted at around this level, which caused short squeeze. Since there were many interested buyers and panicked sellers, price rose fast with extended bar ranges.
In view of the above, the TRO_PLOT may possibly be used for detections of such squeezes. But this would have to be tested.