Nasdaq Target $1000

Comment

Comment by MktMike on February 22, 2009 at 11:05pm

Just to comment on why I did my fans like this. It may be assumed that the 2000 run up was "fake". If we ignored that high and continued the bull run to the peak in 2007 these are your fan levels.

Comment by dumbpainter on February 22, 2009 at 10:45pm

Hey, someone asked for TOS studies...just started using this open range, awesome for daytrading...

# OPENINGRANGE
# http://thinkscripter.wordpress.com
# thinkscripter@gmail.com
# Last Update 14 Feb 2009

input showOnlyToday = YES;
input openingRangeMinutes = 60;
input Market_Open_Time = 0930;
input Market_Close_Time = 1600;

def day = getDay();
def lastDay = getLastDay();
def isToday = if(day==lastDay,1,0);
def shouldPlot = if(showOnlyToday and isToday, 1,if(!showOnlyToday,1,0));
def pastOpen = if((secondsTillTime(Market_Open_Time) > 0), 0, 1);
def pastClose = if((secondsTillTime(Market_Close_Time) > 0), 0, 1);
def marketOpen = if(pastOpen and !pastClose, 1, 0);
def firstBar = if (day[1] != day, day - 1, 0);

def secondsUntilOpen = secondsTillTime(Market_Open_Time);
def regularHours = secondsTillTime(Market_Close_Time);

def secondsFromOpen = secondsFromTime(Market_Open_Time);
def pastOpeningRange = if(secondsFromOpen >= (openingRangeMinutes * 60) + 1, 1, 0);

REC displayedHigh = if(high > displayedHigh[1] and marketOpen, high, if(marketOpen and !firstBar, displayedHigh[1], high));
REC displayedLow = if(low < displayedLow[1] and marketOpen, low, if(marketOpen and !firstBar, displayedLow[1], low));

rec ORHigh = if(pastOpeningRange, ORHigh[1], displayedHigh);
rec ORLow = if(pastOpeningRange, ORLow[1], displayedLow);

plot Opening_Range_High = if(pastOpeningRange and marketOpen and shouldPlot, ORHigh, double.nan);
plot Opening_Range_Low = if(pastOpeningRange and marketOpen and shouldPlot, ORLow , double.nan);
Opening_Range_High.SetDefaultColor(color.green);
Opening_Range_High.SetLineWeight(2);
Opening_Range_High.SetStyle(curve.POINTS);
Opening_Range_Low.SetDefaultColor(color.red);
Opening_Range_Low.SetLineWeight(2);
Opening_Range_Low.SetStyle(curve.POINTS);

http://www.marketgauge.com/ORCourse/ORCourseHome.asp?v=1#ormonth