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- Jure replied Feb 14, 2006
You're right ! The bars are more likely to close inside ranges that are wider. That's the reason for the dip in the the distribution if fib levels are used. Here's a picture with even ranges (50 pips apart):
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- Jure replied Feb 13, 2006
Hi all! The VWB2 document inspired me to play a bit with statistics ... So, for starters, I made an indicator showing price distribution around the daily EMA. The picture shows a closing price distribution around EMA-24 on the daily chart. Well, ...
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