ACD Method

acd

Function Name: acd

Tags: Range

Category: Price

The "ACD Method" provides price points at which to buy and sell as determined by the opening range of a stock or commodity.

Only suitable for 1min-compression.

 

Parameters:

initialhour, initialminute: the time when the trading session at a certain stock exchange is starting

op_range: minutes of opening range

range_to_a: level for the 'A' point relative to the opening range

range_to_c: level for the 'C' point relative to the opening range

 

Author: Mark B. Fisher

Source: "The Logical Trader: Applying a Method to the Madness" by Fisher, Mark B.

 

Parameters

initialhour

 

Default Value: 10  |  Minimum: 0  |  Maximum: 23

 

Type: Numeric

initialminute

 

Default Value: 30  |  Minimum: 0  |  Maximum: 59

 

Type: Numeric

op_range

 

Default Value: 30  |  Minimum: 1  |  Maximum: 60

 

Type: Numeric

range_to_a

 

Default Value: 0.7  |  Minimum: 0  |  Maximum: 10

 

Type: Numeric

range_to_c

 

Default Value: 1  |  Minimum: 0  |  Maximum: 10

 

Type: Numeric