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I'm not sure if this question has an answer, but if it does, here's the
place to ask it, I figure. Thanks in advance to any and all help you
guys are, as always!
What I am trying to do is create an indicator or whatever in
TradeStation to find where in the Market 70% of the price action took
place yesterday, or any other percentage for that matter. Can this be
done? I know in TS4 that it can be done, and I know that the data is
available from the CME, I'm just not sure how to reference it or if
there is an indicator that can do this.
For example, if we're looking at the ES as the symbol, and it traded
between 800 and 900 yesterday. There is an envelope somewhere between
those two extremes where 70% of the price action took place. If we
wanted, we could take 20% of the price action, or any amount. There
could only be ONE contract traded at the highest and lowest values for
the day, but SOMEWHERE inbetween, 70% of the day's activity was traded.
I'm trying to figure out how to plot this envelope. Wow, SO tough :)
Can anyone help? Does what I want make sense?
Thanks,
Cody
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