This a bit off topic at this point but I thought maybe someone here could help me that is proficient with Excel. I want to create a running histogram of the spread between YM and INDU similiar to the one some of you Tradestation users have. I am trying to learn excel and I dont think this should be all that difficult but am hoping someone can put me on the fast track.
Hi Spyder, First FTT of the red channel, why is this an FTT? Shouldn't price touch the right TL first and then fail to traverse to LTL before it's an FTT? I don't understand this.. thanks, Ivo
Price did touch the red trend line - back at Point Three (10:00 AM Eastern Time). From that point forward, we have continuation (next bar), a failed retrace (black bar), volatility expansion, a High Volatility Stall (HVS) until price Fails to Traverse to the left trend line. - Spydertrader
Hi, this is obvious in hindsight but at the moment quite hard to determine IMO. (not the easiest move). You need to wait for the second red bar to finish before you find out it's not just a retracement but a reversal. When you have point 3, we still don't know this or do you? regards, Ivo