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I have been searching for an indicator that will show me how long price stays in the top half of a bar eg on a 1 hour bar if the price spends most of it's time in the upper half 50 mins / 10 mins you would tend to look at going long on the next bar and vice versa for sell.
I have searched on multiple forums but no luck but on a good note I have see almost every clock there is.
I have been searching for an indicator that will show me how long price stays in the top half of a bar eg on a 1 hour bar if the price spends most of it's time in the upper half 50 mins / 10 mins you would tend to look at going long on the next bar and vice versa for sell.
I have searched on multiple forums but no luck but on a good note I have see almost every clock there is.
I have been searching for an indicator that will show me how long price stays in the top half of a bar eg on a 1 hour bar if the price spends most of it's time in the upper half 50 mins / 10 mins you would tend to look at going long on the next bar and vice versa for sell.
I have searched on multiple forums but no luck but on a good note I have see almost every clock there is.
Cheers
Beno
I know this is not time based in the sense you describe however it may be of some benifit to you, it gives the average Price over a range of Minute periods. The Average results change color depending on the Average being above or below the previous levels. All the levels constantly update in real time - for example in the Screenshots provided the 240 minute average monitors from the current minute and back to 240 minutes. The 180 minute average monitors from the current minute and back to 180 minutes and so on.
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This is really interesting because if we see a candle after close we have an overall ideal about high/low and open/close but we don't know how it was price behavior.
We could use Renko or Kagi but again we don't know where the price spent most of the time.
I think John Bollinger (Master of Traders) is the only one with a similar approach with his Bollinger Bars.
Linear Mode
