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Flippin' Sweet Daily Hedges

author EAcpu | 2 reads | 0 comments |
9/11/2007

I think it's better to just display the data in a graphical format and you can use it however you see fit since it can be interacted with in different ways.

Attachment #1) 4-hour deviation from open price shows the average 4-hour deviation from the daily open price and the maximum price deviation (very simple).

Attachment #2) Average Daily Range of Daily Opening Prices Examine the relationship between the average daily ranges above and below the daily opening prices.

Attachment #3) DOW and 4 Hour Period Deviation are two charts illustrating the average number of times price retraces the daily open price over various 4 hour periods and days of the week, as well as the average deviation (in points) from the daily open price over the 4 hour periods and days of the week.

September 15th: Flippin Sweet.MQ4 and Daily Open.MQ4 added.
Flippin Sweet placed four pending orders at predetermined levels.
Daily Open is an indicator that only displays a horizontal line at the daily open. It is useful for visual backtesting.

September 19: Replaced Daily Open.mq4 with Flippin Sweet Indi.mq4. The new indicator shows Fibonacci numbers plotted from last week's highs and lows as well as daily opening prices. Great for visual backtesting!
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