quote:

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Originally posted by bwjr
I was using AvgTrueRange instead of AvgRange using a length of 34, so I fixed that. Now I've only got four symbols: ALXN, NFLX, PRGO, and RRC. I noticed some of you are using VolAvg(3 Mon) in the scanner, which I believe is a monthly average, not a daily average, which explains why the larger number of symbols. Kevin, I entered AXLN at 10:45 when the %R was turning up, just got lucky.

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//this calculates the average time of the low of the morning, for all dates in the chart 
 
//use this with 5 minute bars 
 
//assumes the chart is in Eastern time 
 
//Kevin J. Davey  <a href="mailto:kdavey@kjtradingsystems.com">kdavey@kjtradingsystems.com</a>  
//Version 1.0 
//Feb 17, 2012 
 
vars:lowtoday(99999.),lowtodaytime(0),numberofdays(1),SumLowTodayTime(0); 
 
If date<>date[1] then begin 
	lowtoday=99999.; 
	lowtodaytime=0;  //minutes since midnight for the time of the low 
	numberofdays=numberofdays+1; 
end; 
 
if time <=1200 then begin 
	if low<lowtoday then begin 
		lowtoday=low; 
		lowtodaytime=TimeToMinutes(time); 
	end; 
end; 
 
 
//at 12:05, add the lowtodaytime in to SumlowTodayTime 
var:bl("	"); 
 
if time=1205 then begin 
	SumLowTodayTime=SumLowTodayTime+lowtodaytime; 
//	print(date,bl,lowtodaytime,bl,numberofdays); to debug 
end; 
 
if lastbaronchart then 
	print(symbolname," On average, low occurs at ", MinutesToTime(SumLowTodayTime/NumberofDays)); 

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quote:

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Originally posted by kevinkdog
Since so far in this thread I have been taking, I thought I'd give a little...

Maybe it is useful to know the "average" time that the low of the morning (before 12 PM ET) is made. This little strategy does it. It assumes Eastern time zone. I used "1" for maximum bars back, so that it picks up the first day. It assumes 5 minute bars. Here is code, followed by some results:

I ran this for the last 100 days for the scan stocks, here is the output:

ALXN On average, low occurs at 1022.00
EW On average, low occurs at 1014.00
NFLX On average, low occurs at 1014.00
PRGO On average, low occurs at 1023.00
RRC On average, low occurs at 1031.00


This says, at least for these stocks recently, to look for a low around 10:15 to 10:30 Eastern on average.

"Average" may not be the best thing to use. Maybe a median time, or most frequent time, would be better. I'll leave improvements up to each individual.

Thanks again to tachyonv for starting this thread!

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//this calculates the average time of the low of the morning, for all dates in the chart  
  
//use this with 5 minute bars  
  
//assumes the chart is in Eastern time  
  
//Kevin J. Davey  <a href="mailto:kdavey@kjtradingsystems.com">kdavey@kjtradingsystems.com</a>   
//Version 1.0  
//Feb 17, 2012  
 
// Modified by Walt W. Hooker 2/17/2012 Added Plot 
 
// Indicator: KJDTimeAvgLow 
 
Inputs: LowFactor(.15), 			// distance below low on bar when low average time is indicated.  
		PrintLog(False);			// true will print EL Output Log	 
  
vars:lowtoday(99999.),lowtodaytime(0), 
	numberofdays(1),SumLowTodayTime(0),  
	lowOfDaytime(0), printToday(false);  
  
If date<>date[1] then begin  
	lowOfDayTime = MinutesToTime(SumLowtodayTime/NumberofDays); 
	lowtoday=99999.;  
	lowtodaytime=0;  //minutes since midnight for the time of the low  
	numberofdays=numberofdays+1;  
	printToday = false; 
end;  
  
if time <=1200 then begin  
	if low<lowtoday then begin  
		lowtoday=low;  
		lowtodaytime=TimeToMinutes(time);  
	end;  
end;  
  
  
//at 12:05, add the lowtodaytime in to SumlowTodayTime  
var:bl("	");  
  
if time=1205 then begin  
	SumLowTodayTime=SumLowTodayTime+lowtodaytime;  
//	print(date,bl,lowtodaytime,bl,numberofdays); to debug  
end;  
 
if lastbaronchart and printToday = false and PrintLog then begin;  
	print(symbolname," On average, low occurs at ", lowOfDayTime);  
	printToday = true; 
end; 
 
if time >= lowOfDayTime and time[1] < lowOfDayTime then  
	Plot1(low - LowFactor, "LODT");  
 

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quote:

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Originally posted by kevinkdog
I've seen a few people mention the good trade in AXLN today, and it does look like there was a good one around 10:25 ET. But what about entries at times shown below? What were reasons against entering on close of bar 1, or bar 2, or bar 3?

Thanks

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quote:

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Originally posted by theHook
I just did a scan and came up with:

ALK
ALXN
ESI
GOLD
MWIV
NFLX
PRGO
RGLD
RRC
STRA
TDG
V

Scan parameters:

 13112 bytes

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quote:

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Originally posted by split[br}Hi theHook

Where did you get the AvgRange indicator from, did you create it yourself ? I dont believe there is one in TS

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inputs:  
	Length( 34 );  
  
variables:  
	AvgRange1( 0 ) ;  
  
Value1 = h - l ;  
  
AvgRange1=average(value1,length);  
  
Plot1( AvgRange1, "AvgRange1" ) ;   
 

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quote:

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Originally posted by tachyonv
Went back and edited my first post in this thread. Probably worth re-reading this newly edited first post.

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quote:

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Originally posted by binthere
tach, thx for sharing and updating!
having trouble with my RadarScreen, would someone share a screenshot of how the RadarScreen looks with the updated conditions?
it seems that i'm getting to many symbols, here is mine

thx!!, binthere

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