CL Redux
- Thread starter schizo
- Start date
Quote from Picaso:
Josh, I think you may have been spoiled lately
I think so too Picaso--but just look at the 15m chart for today.. just look at all that overlap. Not easy trading IMO. Just compare the same chart of ES and look how much cleaner it was. That's all I'm asking for. Is that too much??
Quote from JoshDance:
I think so too Picaso--but just look at the 15m chart for today.. just look at all that overlap. Not easy trading IMO. Just compare the same chart of ES and look how much cleaner it was. That's all I'm asking for. Is that too much??
For some empirical data:
The last few days 5 minute bar high/low ranges (in ticks) are: 31 (today), 32, 33, 39, and 37.
The average 1 minute bar ranges are: 14 (today), 15, 15, 17, and 16
Yet, the daily high/low range for the same days is: 156 (today), 299, 279, 308, and 347
So while the "noise" factor (the range of the bars per time) was almost the same, today being only slightly less than the last 4 days. However, the range of movement was about half! The ratio of daily range to 5m bar range (a "noise ratio") for these days is: 0.198 (today), 0.107, 0.118, 0.127, and 0.107
So today was almost twice as "noisy" as the prior 4 days.
Quote from JoshDance:
A picture is worth a thousand words ddub--can't see what you mean sorry
Hmm, Yes i was a little rushed there, try this edited version of the png chart. Hopefully that makes it clear what i meant. If this seems to obvious, no offense intended - you can never have too much time drawing on charts in paint