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Hi Louis,
I'm no expert on these things, so take what I say with a pinch of
salt.
>From what I've read on the net, examining higher timeframes gives you
an idea of major trend and market sentiment. It can show, for
instance, that the major trend is down, when what you think you're
seeing on intraday is an up trend.
If I understand what you're asking about EOD, I've used this:
YesterdaysClose = TimeFrameGetPrice("C", inDaily, -1);
to get yesterday's EOD close. Useful for calculating pivot points.
Hope this helps,
Cheers,
Ian
--- In amibroker@xxxxxxxxxxxxxxx, "Louis Préfontaine"
<rockprog80@xxx> wrote:
>
> Hi,
>
> I am trying to understand why it may be important to look over
different
> time-frame.
>
> I don't understand why, as an example, it would be much better to
switch
> time frame and look for something that happen in the last 10 days
instead of
> looking at what happened in the last 65 bars (if using hourly
bars). Is it
> because it is faster? Any other advantage than speed, then?
>
> BTW, I am trying to use that feature to set a trigger for intraday
trading
> that would depend on a EOD setting. How would you do that? I
mean: if
> foreign (xxx) is xxx then the next day I will be open for trades
> intraday. How would you do that?
>
> Thanks,
>
> Louis
>
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