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Ram, you should read :
These lines have nothing to do with the initial problem.
I send the formula as it is.
Best regards
reinsley a écrit :
>
>
>
> 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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