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Folks,
Here is a set of simple code to display the High, Low, and Mid
lines which BobR finds useful for estimating price targets.
Note this single routine will plot today's or yesterday's lines.
However, you must add it to your chart twice and set input
parameter properly.
I would advise changing colors on the second one as I have
in the attached picture.
Have fun.
Clyde Lee
{======================================================================
Indicator : BobR_HLM_HLM-1
Last Edit : 11/11/99
Provided By : Clyde Lee (c) 1997
Notes: Will plot the high, low, and mid value line for today
or for yesterday depending on selection.
======================================================================}
Inputs: Plot2Day(true); {Set to False to plot yesterday value}
Vars: Hi2Day(0),HiYDay(0),
Lo2Day(0),LoYDay(0),
Mid2Day(0),MidYDay(0);
Hi2Day=HighD(0);
HiYDay=HighD(1);
Lo2Day=LowD(0);
LoYDay=LowD(1);
Mid2Day=(Hi2Day+Lo2Day)/2;
MidYDay=(HiYDay+LoYDay)/2;
If Plot2Day then begin
Plot1(Hi2Day, "HI");
Plot2(Lo2Day, "LO");
Plot3(Mid2Day,"MD");
End
Else begin
Plot1(HiYDay, "HI");
Plot2(LoYDay, "LO");
Plot3(MidYDay,"MD");
End;
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Clyde Lee Chairman/CEO (Home of SwingMachine)
SYTECH Corporation email: <clydelee@xxxxxxx>
7910 Westglen, Suite 105 Work: (713) 783-9540
Houston, TX 77063 Fax: (713) 783-1092
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----- Original Message -----
From: ROBERT ROESKE <bobrabcd@xxxxxxxxxxxxx>
To: t-bondtrader <t-bondtrader@xxxxxxxxxxxxx>; RealTraders Group
<realtraders@xxxxxxxxxxxx>
Sent: Thursday, November 11, 1999 18:34
Subject: Re: is real traders up? I have not gotten any massages today
> The statement below said that today's price tends to return to today's
> midpoint not yesterday's. This is an untested observation, just a
visual
> one. Here is a .gif with the day session of the US T Bonds
illustrating the
> same idea. Redline is the current day's midpoint.
>
> BR
> ----- Original Message -----
> From: t-bondtrader <t-bondtrader@xxxxxxxxxxxxx>
> To: ROBERT ROESKE <bobrabcd@xxxxxxxxxxxxx>; Pete
> <petena9090@xxxxxxxxxxxxxx>; andrew g <spcoach@xxxxxxx>; RealTraders
Group
> <realtraders@xxxxxxxxxxxx>
> Sent: Thursday, November 11, 1999 4:09 PM
> Subject: Re: is real traders up? I have not gotten any massages today
>
>
> > Yesterdayl high and low are crucial in the bonds, but I am
interested in
> > your saying about the midpoint of the previous day. To make life
easy, is
> > there an ela code that will show this automatically, as on your
chart,
> > rather than working it out and plotting a line? It would be good
to see
> > what it looks like historically and see what sort of tactic would be
> needed
> > to trade the idea, successfully.
> >
> > Bill Eykyn
> > www.t-bondtrader.com
> >
> >
> > -----Original Message-----
> > From: ROBERT ROESKE <bobrabcd@xxxxxxxxxxxxx>
> > To: Pete <petena9090@xxxxxxxxxxxxxx>; andrew g <spcoach@xxxxxxx>;
> > RealTraders Group <realtraders@xxxxxxxxxxxx>
> > Date: 11 November 1999 23:46
> > Subject: Re: is real traders up? I have not gotten any massages
today
> >
> >
> > >Here is a message. Its something I like to look at during the day.
> > Nothing
> > >great, but helps keep perspective on the current day with respect
to the
> > >previous day. Price has a tendancy to return to the current day's
> dynamic
> > >midpoint or the open. It also tends to test the previous day's
high and
> > >low, close. Any suggestions on modifying this intraday view?
> > >
> > >Bob
> > >
Attachment Converted: "c:\eudora\attach\Br_hlmid.ela"
Attachment Converted: "c:\eudora\attach\BobR_HLM_HLM-1_111199.gif"
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