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