Anyone willing to write a script for this?... The Fab 4
Here's a video explaining it, based on a 2-minute chart...
Essentially,
a cloud would be plotted based on the last 45 minutes of the trading day (regular hours).
The upper level of the cloud would be determined by the highest point of the following choices: SMA200 at close, SMA20 at close, highest high within the last 45 minutes, or closing price.
The lower level of the cloud would be determined based on the lowest point of the following: SMA200 at close, SMA20 at close, lowest low within the last 45 minutes, or closing price.
I gave the script a shot but the result didn't turn out anywhere near what I had hoped for. Any help would be greatly appreciated. Thank you.
Here's a video explaining it, based on a 2-minute chart...
Essentially,
a cloud would be plotted based on the last 45 minutes of the trading day (regular hours).
The upper level of the cloud would be determined by the highest point of the following choices: SMA200 at close, SMA20 at close, highest high within the last 45 minutes, or closing price.
The lower level of the cloud would be determined based on the lowest point of the following: SMA200 at close, SMA20 at close, lowest low within the last 45 minutes, or closing price.
I gave the script a shot but the result didn't turn out anywhere near what I had hoped for. Any help would be greatly appreciated. Thank you.
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