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How I use anaCurrentDayOHLV43


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  #1 (permalink)
 macguy 
Seattle WA
 
Experience: Advanced
Posts: 12 since Sep 2012
Thanks Given: 2
Thanks Received: 38

To my new friends,

I thought I would share how I use the CurrentDayOHLV43 from @Fat Tails. As the two charts below show, I am focused on the "Average Daily Noise", or volatility, element of the study. I'm focused on RTH only. Specifically, I manually mark the 100% and 200% Fib Extensions of the ADN range. You will notice the blue horizontal lines. As a momentum trader, it is quite impressive for setting targets.

Hope it helps.


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  #2 (permalink)
 billsingh 
San jose
 
Experience: Advanced
Platform: Thinkorswim
Trading: Stock
Posts: 174 since Jun 2014
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macguy View Post
To my new friends,

I thought I would share how I use the CurrentDayOHLV43 from @Fat Tails. As the two charts below show, I am focused on the "Average Daily Noise", or volatility, element of the study. I'm focused on RTH only. Specifically, I manually mark the 100% and 200% Fib Extensions of the ADN range. You will notice the blue horizontal lines. As a momentum trader, it is quite impressive for setting targets.

Hope it helps.

Hi Macguy, where is the explaining on how to use that indicator ??? am I missing anything here ???

Thanks in advance
B


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  #3 (permalink)
 macguy 
Seattle WA
 
Experience: Advanced
Posts: 12 since Sep 2012
Thanks Given: 2
Thanks Received: 38


Billsingh, I use the study to show me 3 day rolling pivot levels which I find to be great for setting price targets. I don't use any pivot as a method to enter a trade, only for setting exit points for a momentum trade I'm in.


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Last Updated on December 12, 2015


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