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Time & Price Counter/Projection

Last post 12-16-2008, 11:30 by theghost. 0 replies.
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  •  12-16-2008, 11:30 28473

    Time & Price Counter/Projection

    hello All,
    Is it possible to create a time/price counter?

    An example;
    Say I'm using real time 5 minute chart.
    A few hrs ago the price had approx a 200pt move in the Dow (Chart I'm examining).

    It seems to have based.
    What I want to do is be able to click on any bar,, so for this example I click on the high of the last major move,, then drag the cursor to the start of that move,, it's low on another bar.
    I release the mouse.
    Then an indicator window appears (Or this could already be appeared if say I clicked an icon that was for this "Time & Price"
    It would show me data,, like,,

    No. Of Bars. 36
    Time to complete move: 180minutes
    Price Move: 206 pts (Low to High)

    This means then I know that for my next entry I can expect a possible 206pts and it should take an estimated 180 minutes to complete.

    In day trading,, this kind of time approximation is critical,, and I don't want to be counting bars and prices,, 2 mouse clicks could do this for me:-)

    Hope something like this could be implemented as it isn't a huge programming project I feel,, and does have value.

    Many Thanks
    TheGhost

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