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How can one calculate next day's probable high and low?
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Joined: 1/20/2007(UTC)
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I use moving averages for determining next day's probable High / Low. This works only during sideways movement. The other method is daily pivot points.
I have seen some brokers giving very precise trading ranges for indices and stocks.
Is there any other way to calculate next day's probable trading range?
aksh
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Rank: Advanced Member
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Joined: 11/7/2005(UTC)
Posts: 602
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Google "Metastock Formula". You should come up with a bunch.
The brokers probably are using a stat. package they wrote themselves.
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Rank: Member
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Joined: 12/19/2008(UTC)
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Location: New York State
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You might want to take a look at the ODDS Probability Cones indicator in the Metastock Manual, Page 345 for Version 10.1.
Good Luck.
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How can one calculate next day's probable high and low?
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