The ACD Method

Last chart of the day. Have a good weekend.

 

Watching NKE now. Like what I'm seeing. XLY 30 day line is +10 today, (after yesterday). As a result, I'm shopping in the retail names in addition to the XLB.

 

NKE looks good. Nice find Quon.

 

TBT three daily A ups in a row. 10 year yield now above 2%

 

ZB lows of the day 141'27

 

Revisiting a chart from 01-04-2012 when one of my favorite set up failure gave me a HEARTACHE.

 

hi, i have a question about the number-line. can i do it only by having OHLC data (via excel) ?

thanks in advance.

 

No, you need to have the opening range and A values as well.

 

Thanks a lot for your reply. i have read the book several times, and I thought that mybe you can do that by only having OHLC data, because it's only the measure of price action, so you can rate it almost like the number-line. for example:

1. if C > O then +2 (if not then -2)
2. if C > C1 then +1 (if not then -1)
3. if C > (H+L)/2 then +1 (if not then -1)
4. if H > H1 then +1 (if not then -1)
5. if L > L1 then +1 (if not then -1)

and then sum it up for the day and do the number line. a bit remids me some of the swing index calculation by welles wilder. I should chek it up, thought maybe someone alredy done that because not everyone has the intraday data.

 

Mark Fisher book lays out details for calculating number line.