Dear Members
Can you clarify me with formulas how the following is calculated. When I plug in the previous day OHLC, I get the following results from a calculator.
1. OHLC: 409 - 423.95 - 402 - 416.20
Result: Sell = 432.15 / Buy = 406.35 / Stop Loss = 402.35
2. OHLC : 425 -425 - 403.15 - 409.55
Result: Sell = 420 / Buy = 401.25 / Stop Loss = 388.80
3. OHLC: 385.10 - 418 - 385.10 - 396
Result: Sell = 402.85 / Buy = 385.10 / Stop Loss = 385.10
When open and low is same , I find buy and SL becomes see the result.
I request members to explain me behind this math equation.
Regards
Udaya
Can you clarify me with formulas how the following is calculated. When I plug in the previous day OHLC, I get the following results from a calculator.
1. OHLC: 409 - 423.95 - 402 - 416.20
Result: Sell = 432.15 / Buy = 406.35 / Stop Loss = 402.35
2. OHLC : 425 -425 - 403.15 - 409.55
Result: Sell = 420 / Buy = 401.25 / Stop Loss = 388.80
3. OHLC: 385.10 - 418 - 385.10 - 396
Result: Sell = 402.85 / Buy = 385.10 / Stop Loss = 385.10
When open and low is same , I find buy and SL becomes see the result.
I request members to explain me behind this math equation.
Regards
Udaya