Support Board
Date/Time: Mon, 03 Feb 2025 10:20:49 +0000
Post From: New Feature to Profile Charts
| [2018-03-01 17:13:22] |
| BenjaminR - Posts: 172 |
|
Engineering: A poor high can be described as occuring when a TPO high is equal to a previous TPO high, or within 1 tick +/- of the previous TPO high. Examples: A AB AB AB AB AB AB AB A A A OR AB AB AB AB AB AB AB AB A A A OR B AB AB AB AB AB AB AB A A A The inverse can be said to describe a poor low: A poor low can be described as occuring when a TPO low is equal to a previous TPO low, or within 1 tick +/- of the previous TPO low. (The high and low of the previous TPO are the current high or low of the day/session.) A poor high is also formed if a subsequent session's TPO high is equal to a previous session's TPO high, or within 1 tick +/- of the previous TPO high. This in particular is often easily overlooked in both preparation & during a trading session, and where this feature would be extremely valueable. (Same for a intersession poor low) The idea is that the high or low is "poor", until the auction is completed in a single TPO by exceeding the poor high or low by at least 2 ticks in most markets - but this is not practical in all; therefore, it would be very helpful for the user to be able to define this parameter, the number of ticks +/- from 'equal' to define a poor high/low. For example, in the NQ, YM, and CL, a low 2 or 3 ticks from the prior low, could be considered a 'poor low' - especially if the user's scale is set to "two's" since the ranges can be so large. So visually, two TPO highs/lows within a 2 ticks of each other appear as poor highs/lows, and it is usually good to consider them as such, since these markets are relatively thin & often not as exact as others. A buying or selling tail of only 2 or 3 ticks is not usually a "good high" or "good low" that is likely to hold over time. Please also allow the user to disregard the overnight session as 'taking out' the poor high or low - Unless the market gaps up or down out of range on the open, the poor high or low is not considered repaired by the overnight trading. So to have the 'line' or marker remain in place although the overnight session has traded through it, would be extremely useful. Thank you, Ben |