Reaction points
Posted: Mon Jan 13, 2014 2:45 pm
In the book "New Concept from TTS" by Welles Wilder provided 4 price action points for the following day
based on HLC today
X= (H+L+C)/3
1.B1= 2X-h
2.S1=2X-L
3.HBOP=2X-2L+H
4.LBOP=2X-2H+L
The indicator was revised and updated