Quebec Canada
Market Wizard
Experience: Intermediate
Platform: NinjaTrader
Broker: AMP/CQG
Trading: ES, NQ, YM
Frequency: Daily
Duration: Minutes
Posts: 4,527 since Oct 2009
Thanks Given: 4,171
Thanks Received: 6,018
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When the previous day closes in the top 25% of the daily bar's range what is the chance to see a break of the high the next day for various distance in points. Ex. 52% to see price breaks the high by 10 pts, 49% by 15 pts etc.
And vice versa for when the previous day closes in the bottom 25% of the daily bar's range. Make your script flexible so that you can test different values for "The 25% of the daily bar's range".
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