Hello
I have a system that is in development I am looking for a script that can let me know what the average time is when price retraces back past the open of the hourly bar be it 2min, 15min.
E.g. for the open of a new bar price tend to move north or south then retrace in the opposite direction this will happen several time during the formation of the bar.
It's the monthly average I am looking for.
This probably sounds quite FUBAR but there is method in the madness.
Cheers
Kiwi
I have a system that is in development I am looking for a script that can let me know what the average time is when price retraces back past the open of the hourly bar be it 2min, 15min.
E.g. for the open of a new bar price tend to move north or south then retrace in the opposite direction this will happen several time during the formation of the bar.
It's the monthly average I am looking for.
This probably sounds quite FUBAR but there is method in the madness.
Cheers
Kiwi