Last chart of the day. Have a good weekend.
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The ACD Method
- Thread starter sbrowne126
- Start date
Last chart of the day. Have a good weekend.
hi, i have a question about the number-line. can i do it only by having OHLC data (via excel) ?
thanks in advance.
thanks in advance.
Quote from Maverick74:
No, you need to have the opening range and A values as well.
Thanks a lot for your reply. i have read the book several times, and I thought that mybe you can do that by only having OHLC data, because it's only the measure of price action, so you can rate it almost like the number-line. for example:
1. if C > O then +2 (if not then -2)
2. if C > C1 then +1 (if not then -1)
3. if C > (H+L)/2 then +1 (if not then -1)
4. if H > H1 then +1 (if not then -1)
5. if L > L1 then +1 (if not then -1)
and then sum it up for the day and do the number line. a bit remids me some of the swing index calculation by welles wilder. I should chek it up, thought maybe someone alredy done that because not everyone has the intraday data.