Registered: Aug 2011
02-01-12 10:45 PM
Quote from smallStops:
I always wondered about acd :
- what time do you use for your opening range?
- and what value do you use for A plus/down, and Cdown/plus if these are all different. Any idea how to determine these values?
I use 45 minutes OR. Traders who like to fade moves use wide OR like me. Pure breakout traders use smaller OR like 5 minutes, 10 minutes etc.. Key is to pick one time frame and stick with it.
A value= 8 ticks, C value=13 ticks. There is nothing magic about A and C values. Smaller values are OK for wide OR.
For small time frames like 5 minutes one has to use more than 8 ticks. I have no idea what that is as it depends on each trader style.
Calculation of A and C values is done via 20 days ATR of instrument and then some multiplier to accommodate for VOLATILITY.
I just use what Mark firms recommends as a guideline. There are many traders who just calculate their own A and C values.
I am attaching A and C values sheet which shows recommended OR and values.
This has been downloaded 105 time(s).