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Don't apologize, we all are newbies for about a decade or more...
I am the worst AB pedagogue.
Blue lines are the HHV and the LLV of the first hour. We can't plot them
before the end of the first hour.
Adjust the time to match to your market's hour.
Gold lines are support and resistance with a 2.618 fibo ratio. These
lines have nothing to do whith your problem. It's just a ratio that is
often hit by the future I follow. I read nothing about that, it's just a
personnal research.
Sorry, I don't know what a Macd summation index is. I don't have such a
thing in my AB library.
Best regards
ram vel a écrit :
>
>
> Hi reinsley,
>
> Many thanks for your nice code.
> Somehow I could not understand much of it being a newbee.
> If you dont mind,please be kind to explain some critical points as they
> look on the chart.
>
> First what are the blue hollow circles that start after a time gap
> *to catch the HHV and LLV of the today's first hour*
> these circles start after time period mentioned in the code,one
> hour later.
> hope these the first hour high and low for the day to use
> opening range breakout or breakdown?
> second why and what are the 2.618support and 2.618 resistance lines?
> I think these are chosen very meaningfully as being fibo or
> dinapoli levels,targets that are generally hit by price most often
> The difference of DH and DL is multiplied by 2.618 to get highest
> possible resistance and support,by adding it to DL or by subtracting it
> from DH.
>
> iF I am wrong,please correct me.
> Once again, very simple and efficient logic,indeed!
> Thanks for sharing it,
> Good day!
> rvlv
>
> Ps
> *By the way can you please code MACD code for summation index,if possible?*
> *I posted the details earlier,in case you missed seeing it.*
>
>
>
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