Ram, you should read : These lines have nothing to do with the initial problem.
I send the formula as it is. Best regards reinsley a écrit : > > > > Don't apologize, we all are newbies for about a decade or more... > > I am the worst AB pedagogue. > > Blue lines are the HHV and the LLV of the first hour. We can't plot them > before the end of the first hour. > Adjust the time to match to your market's hour. > > Gold lines are support and resistance with a 2.618 fibo ratio. These > lines have nothing to do whith your problem. It's just a ratio that is > often hit by the future I follow. I read nothing about that, it's just a > personnal research. > > Sorry, I don't know what a Macd summation index is. I don't have such a > thing in my AB library. > > Best regards > > ram vel a écrit : > > > > > > Hi reinsley, > > > > Many thanks for your nice code. > > Somehow I could not understand much of it being a newbee. > > If you dont mind,please be kind to explain some critical points as they > > look on the chart. > > > > First what are the blue hollow circles that start after a time gap > > *to catch the HHV and LLV of the today's first hour* > > these circles start after time period mentioned in the code,one > > hour later. > > hope these the first hour high and low for the day to use > > opening range breakout or breakdown? > > second why and what are the 2.618support and 2.618 resistance lines? > > I think these are chosen very meaningfully as being fibo or > > dinapoli levels,targets that are generally hit by price most often > > The difference of DH and DL is multiplied by 2.618 to get highest > > possible resistance and support,by adding it to DL or by subtracting it > > from DH. > > > > iF I am wrong,please correct me. > > Once again, very simple and efficient logic,indeed! > > Thanks for sharing it, > > Good day! > > rvlv > > > > Ps > > *By the way can you please code MACD code for summation index,if > possible?* > > *I posted the details earlier,in case you missed seeing it.* > > > > > > > >
