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i failed to come up in my files with any ela coding that specifically refers
to a certain bar number
so i was wondering how to code the following:
in a setup of 6 equal-timed bars of 65 minutes(a fulltrading stock day) i
would like
to analyze the following conditions:
1. if bar number#1 range is the highest of the past 6 bars( h-l >
highest(h-l,6)[1]) then
a ok2trade variable would equal false.
2. if bar #2 or bar#3 would then either be the smallest range (h-l <
lowest(h-l,6)[1]) or
an inside bar then ok2trade=true;
my intentions are to analyze stock movements after an initial wide-range bar
and if they are follwed by inside bar or a dual-inside bar.
for that matter it would be interesting to see the possible "fading" tarde
of another consecutive wide-range bar that necessarily is not
larger thn bar#1.
imho there is too much work being done on opening range breakout that seems
suceptible to market-makers/specialists fade.
Good Trading,
Tony V.
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