OPEN-SOURCE SCRIPT
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Daily Range Lines

Golden's daily volatility range

Long Entry = [(Today’s High – Today’s Low) x 0.5] + Tomorrow’s Opening Price
Short Entry = [(Today’s High – Today’s Low) x 0.5] - Tomorrow’s Opening Price
Notas de Lançamento
The Volatility Breakout pattern was a famed breakout pattern developed in the 80’s by Larry Williams. This was a legendary pattern he used to win the trading championship in the 87. Now the effectiveness and validity of the pattern has weakened since its inception. With after-day and overnight trading, the usual rate of gap ups and downs has been reduced tremendously since the advent of high frequency trading after 2000’s.
However, this pattern still holds its value and its edge. Here goes its Formula.

Long Entry = [(Today’s High – Today’s Low) x 0.5] + Tomorrow’s Opening Price
Short Entry = [(Today’s High – Today’s Low) x 0.5] - Tomorrow’s Opening Price

The indicator draws lines on the Daily char at these 2 price levels

Aviso legal