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Correlation between first 4 hour candle and daily candle

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  • First Post: Aug 29, 2012 1:19pm Aug 29, 2012 1:19pm
  •  fffx
  • | Joined Jul 2006 | Status: Member | 96 Posts
How to find out the correlation between first 4 hour candle of the day and daily candle for the last ten years. eg if first 4 hour candle of Eur/Usd was red was the daily candle also red or was it green?
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  • Last Post: Aug 29, 2012 1:50pm Aug 29, 2012 1:50pm
  •  Custos
  • Joined Dec 2006 | Status: Member | 3,852 Posts
Quoting fffx
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How to find out the correlation between first 4 hour candle of the day and daily candle for the last ten years. eg if first 4 hour candle of Eur/Usd was red was the daily candle also red or was it green?
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sometimes I really wonder about the education level here on ff. You just download 4 hour data into excel and make an analysis in excel. You make some "if" formulas and put the results into a pivot table to see if there is a correlation or not.
If you don't know how to do that, then go to microsoft and do some excel courses.
 
 
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