during the holidays i dedust my bookshelf and found an old book from the early 2000 called "Neue Tradingdimensionen" by Erich Florek. He showed some interesting Trading approaches. In one of the chapters he introduced the MK_OpenClose_Indicator. This indicator uses an illustration in which a price development is displayed from the respective opening price. I found an illustration (see attachment) in a german Trading Forum.
In my infinite naivete I tried to program a similar indicator, I created a 5-Minute Chart to plot the
This is my first try and it failed.
Code: Select all
Variables: OpenCloseIndicator (0);
OpenCloseIndicator = close-openD(0) ;
I appreciate any help to get this indicator running.