Chad, I think I figured it out. It seems to me like your CL MID (>IBL) DONT include a condition to include one of the IBs being broken. You have CL > (HI + LO)/2 AND LO = MPD_IBLO as an example, but this would also include days where NEITHER IB is broken as it doesn't include a condition that requires the IB Low to be broken in this instance. That would be CL < (HI + LO)/2 AND CL < MPD_IBLO AND HI = MPD_IBHI
Is this correct, does ES close above IBH on IBH only break 27.7% over last 1000 days? I would have thought it would be higher and on Morad's RTY stat sheet he released, RTY closes above IBH on 1 side break 68.6% of time, so I'm getting the ES stat from HW_IB_Statistics and when I change that charts symbol to RTY I get RTY closed above IBH on IBH only break 26.8%, but I can't find an error in HW_IB_Statistics. Something is not right or I'm confused.
I failed to understand that Morad states the stat as OF THE days we only break the IBH, we close above IBH
Whereas HW_IB_Statistics calculates the number of days we only break the IBH AND close above the IBH
Different stats, that's why they are different.
Thanks to benedmunds inquiry, it became evident to me
The IBH number is the percentage of days that price broke above the IBH. That's all its' looking for there.
The IBH & IBL is the percentage of days BOTH the IBH and IBL were breached. (26.5% of time).
Chad, I think I figured it out. It seems to me like your CL MID (>IBL) DONT include a condition to include one of the IBs being broken. You have CL > (HI + LO)/2 AND LO = MPD_IBLO as an example, but this would also include days where NEITHER IB is broken as it doesn't include a condition that requires the IB Low to be broken in this instance. That would be CL < (HI + LO)/2 AND CL < MPD_IBLO AND HI = MPD_IBHI
Does that make sense?
Yes. Let me know if the corrected chart / definition looks accurate to you. Thanks.
Is this correct, does ES close above IBH on IBH only break 27.7% over last 1000 days? I would have thought it would be higher and on Morad's RTY stat sheet he released, RTY closes above IBH on 1 side break 68.6% of time, so I'm getting the ES stat from HW_IB_Statistics and when I change that charts symbol to RTY I get RTY closed above IBH on IBH only break 26.8%, but I can't find an error in HW_IB_Statistics. Something is not right or I'm confused.
I failed to understand that Morad states the stat as OF THE days we only break the IBH, we close above IBH
Whereas HW_IB_Statistics calculates the number of days we only break the IBH AND close above the IBH
Different stats, that's why they are different.
Thanks to benedmunds inquiry, it became evident to me
Pages