{quote} Hi Markus, If you don't mind I have questions related with this table. 1-Why your weekly roll is still old one? Is your week end when Sunday end? 2-Why you use old atr values at counter targets calculation while you are using recent high-low as base points. I could not get the logic behind it3-Why daily atr is old one while your roll value is friday close at the first part. Thanks in advance.
Hi Rocker (rename: sharp-eye)) :-)
a) weekly bars in MT4 are closed Sundays at 0:00
one could use Fridays close, it would be the same; but I take the data directly from the candle; now, I have to wait till the next tick comes in in order to get the fresh value
b) LOL I just forget, that I should not show this table on weekends, because some data is imported from the candles (so "old" data until the first tick on Sunday) and other data imorted from another Excel Table (with the fresh data). You can see that in the case of the daily values. The roll is already the fresh one, whereas other data is still old.
The recent high and low is always the running candle. In case of the daily it is the Friday candle.
The forcast with the countertargets is useful, when the candles are running. So you can see, if there is in light of the ATR room left or not.
At the beginning of a day, say starting at 1.0840, the countertarges are 1.084 + ATR and 1.084 - ATR
It changes with any achieved new high and new low.
The main reason I showed the table on the weekend was to show, that we have still some way to go to the south without being outside of the monthly ATR.
3.) see above, and:
my Excel spreadsheets needs, that the next daily candle kicks in. then the last candle from friday is in the right position to be calculated into the ATR
I have calculated my ATR(5) for you: it is now 118
When I have time, I will look into my spreadsheet and find another way to calculate the stuff, so that I can have the fresh data already at the close on Fridays.
Thank you for pointing it out
