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.
initialhour |
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Default Value: 10 | Minimum: 0 | Maximum: 23 |
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Type: Numeric |
initialminute |
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Default Value: 30 | Minimum: 0 | Maximum: 59 |
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Type: Numeric |
op_range |
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Default Value: 30 | Minimum: 1 | Maximum: 60 |
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Type: Numeric |
range_to_a |
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Default Value: 0.7 | Minimum: 0 | Maximum: 10 |
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Type: Numeric |
range_to_c |
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Default Value: 1 | Minimum: 0 | Maximum: 10 |
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Type: Numeric |