Reading UK
Legendary no drama Llama
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@Giamsterdam4x @JohnS @Sad Planet @LDog or anyone else that might have a suggestion.
Lets say the ADR is 100 ticks. The market opens at 08:00 and tests liquidity on both sides before returning to the open price. This creates an initial swing of say 20 ticks. How would I draw projection lines based on the high and low of the day?
So from the high swing of the day I want to have a line -100 ticks away to the downside. And from the swing low, a line projected +100 ticks to the topside. These levels will change as the daily swing high or low is broken.
Reason I ask is because projecting ADR levels from the daily open becomes more inaccurate as the day progresses. If you get what I mean, I can post a chart to illustrate if required.
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