[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Re: Tomorrow's Close



PureBytes Links

Trading Reference Links

You don't need to introduce tomorrow's closing bar into the chart. Assuming, you
are using common indicators, it should require nothing more than simple algebra
to arrive at the closing price which would move your indicator to the required
value. At 20 minutes prior to close, you make your best judgement as to where
the close will occur and take your signal accordingly.

Earl

-----Original Message-----
From: Larry Viles <larry@xxxxxxxxxx>
To: omega-list <omega-list@xxxxxxxxxx>
Date: Monday, September 07, 1998 8:19 PM
Subject: Tomorrow's Close


>Newbie needs some help. I am end-of-day trading the Rydex funds, which one
>can only place closing buy/sell orders up to 15 min prior to close. At the
>end of each day I would like to compute what tomorrows closing price would
>cause a signal. This way I can anticipate the signal by one day. This would
>mean introducing tomorrows closing bar into the chart somehow. Right now,
>I'm doing this by manually entering a best guess into the data file, and
>adjusting it until a chart signal is created, then removing it(Blush). Maybe
>I could place the data series into an array, and then add tomorrows data to
>the array? I'm sure someone has solved this problem.
>
>Larry
>