Support Board
Date/Time: Wed, 27 Nov 2024 17:35:30 +0000
Post From: Missing Open to Close(Last) Range in "High/Low for Time Period" study
| [2023-07-18 13:36:16] |
| User117222 - Posts: 9 |
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@tomgib Thank you for your Post #8. I've been able to recreate the DR IDR study based on the studies in your .CHT file. It looks great! One thing I was struggling with was to create the DR IDR Extension Target Lines. Their calculation is based on the Standard Deviations of the Range b/w the IDR High & IDR Low (For the Regular NY session). 10 lines are plotted above that in 0.5 increments - starting at 0.5 till 5 Std deviations. Similarly, 10 lines are plotted on the negative side, starting at -0.5 till -5 std Dev. While I'm able to use a Price Projection Tool temporarily - this is manual, and quite laborious. Backtesting with this is very cumbersome too. I explored various Studies in SC like Std Deviation Bands, Pivot Points, etc., but was quite lost on how to achieve this. Any pointers? I've attached 2 screenshots from a Trading View Indicator which illustrates this. The output is similar to what Pivot Points lines look like, but they are based on the calculation described above. Many thanks |
 DR IDR Std Deviation Target Lines - Positive.png / V - Attached On 2023-07-18 13:35:03 UTC - Size: 91.91 KB - 106 views DR IDR Std Deviation Target Lines - Negative.png / V - Attached On 2023-07-18 13:35:12 UTC - Size: 84.25 KB - 111 views |