Seems like something easily testable in TradeStation or the like. Why wave your hands in the air in theory when ten lines of code will do?
do you write codes for esignal? I need a code that will test both an index and stock correlation during the first hour of trading going back several years, I want to know how many times the stock rose or fell in relation to the index, during the first hour of trading and work on a strategy, I dont know if this is possible
I have never written an esignal script or whatever they call it, but if I needed to I would probably figure out in a couple of hours. Why?
Want an edge? Follow a set basket of stocks and learn how they trade in all market conditions. What affect differing volume has on price. Order flow, spreads, ..... Does price respect floor pivots, figures, previous day HOD?LOD?, etc?? Do they trade with TICK and/or Spoos? What is average daily range?.....Consider all that for an edge over chasing stocks.