Hey folks, I'm attempting to create custom time frames within the RTH trading day.
I run my longer term chart in blocks of 130min.. which breaks the RTH session into 3 equal parts:
Morning 930-1140 / Lunch 1140-1350 / Afternoon 1350 -1600. * * Its amazing how these levels get retested / respected * *
In order to trade this setup properly I will need to reference the open, the high and the low for each of these periods as well as the option to plot a horizontal line for the open which would extend through the individual period but not beyond. Also the ability to displace the high and low to the next period so the morning h/l plots during the lunch time, the lunch time during the afternoon, and the afternoon for the next morning session (plotting once that session is closed). FYI i keep EXT hour turned off **
One thing Im always looking for is if the lunch time or morning high/ low has been swept during the afternoon session which can help me form my bias , looking to trade in the direction of the higher time frames.. So being able to reference these periods for custom intra day scanners will be super helpful for this strategy, finding stocks that fit the mentioned criteria.
Hopefully I explained this well enough to make sense! I appreciate any help from this great community and look forward to hearing any thoughts to add or simplify these ideas. Thanks so much.
-N
I run my longer term chart in blocks of 130min.. which breaks the RTH session into 3 equal parts:
Morning 930-1140 / Lunch 1140-1350 / Afternoon 1350 -1600. * * Its amazing how these levels get retested / respected * *
In order to trade this setup properly I will need to reference the open, the high and the low for each of these periods as well as the option to plot a horizontal line for the open which would extend through the individual period but not beyond. Also the ability to displace the high and low to the next period so the morning h/l plots during the lunch time, the lunch time during the afternoon, and the afternoon for the next morning session (plotting once that session is closed). FYI i keep EXT hour turned off **
One thing Im always looking for is if the lunch time or morning high/ low has been swept during the afternoon session which can help me form my bias , looking to trade in the direction of the higher time frames.. So being able to reference these periods for custom intra day scanners will be super helpful for this strategy, finding stocks that fit the mentioned criteria.
Hopefully I explained this well enough to make sense! I appreciate any help from this great community and look forward to hearing any thoughts to add or simplify these ideas. Thanks so much.
-N