Maverick, I understand that the numberline helps us see "inside" the bar and uncover clues about what price action is telling us. I think i am not experienced enough to understand your answer though, so i will be a little more specific. Say we are trading the Euro, which obviously goes 24 hours with silid volume and decent volatility the whole way through. For some reason i have it in my head that it might be valuable to see "inside" each hourly bar and construct a numberline based on the last thirty. Each bar has an open, an OR, an ATR, and i guess A levels could be extrapolated. Seems like a tonof work. I guess i just wanted your opinion as to how valuable this might be fir the short term trader. Thanks again.
On the face of it i would agree. But computer power and HFT being what they are........ we know ACD "works", who knows how well it could do in the new era.
One of the important factors of the OR is it's significance. If you truly "believe" that the opening bar of each hour in FX is significant, then by all means, give it a look. I honestly don't believe that the beginning of an hour is all that meaningful
I've got a bogey on my tail. Someone is piggybacking my natty long... http://video.cnbc.com/gallery/?vide...nUGFnZSI6IjEiLCJzeW0iOiIiLCJzZWFyY2giOiIifQ==