R=high-low
X=(open-low)/R
Y=(close-low)/R
scatter plot (x,y)
data from the 1 minute charts of EURUSD EURJPY AUDUSD AUDJPY EURAUD USDJPY
611,446 data points
Higher time frame charts result in the same structure, but lack of data makes it not as clear as the smaller Tfs.
The interesting part to me is why and how the OHLC expressed in this way falls on these lines so precisely every time. I don't understand the math behind it and it is fascinating...
Another fun thing is you can divide 1 by any number (A) under 100 then multiply A by any number less than A and find multiple bars with the open or close at that exact percent of the range accurate up to 6 decimal places.
(1/35)*17=0.485714 you can find multiple bars with their open or the close at this exact percent of the total range... cool yeah?
Maybe some real math guys can understand this better and explain how and why it happens?
I've found no predictive value or tradable edge in this so far, but still I find myself staring at this picture often... maybe I'm just odd. To me though, it is evidence that the market is not random but so complicated in it's structure it just appears random to plebs like me.
Last edited: