1. ### ashokram1Active Member

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Many might be following this system, I will here explain how to trade using the two day data and buy or sell using it

hh = (today's high - yesterday;s high)+today;s high

ll = (today's low - yesterday's low)+today;s low

calculate the two values.. if price opens above the hh value... sell below hh
for the trgt of ll
and if price opens below ll wait for the price to cross ll and then buy , target would be hh

example

jindalstel

high 1 and low 1 are 406.75 and 398.65

high 2 and low 2 are 417 and 405.10

hh and ll are 396.5 and 391.7

price open today was 404.80 (403.85)

price opened above hh value and short below 396.5 for a target of 391.70

when the price doesn;t open below ll or above hh then no trade..
good luck!

2. ### sivgatesMember

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Hi Ashok,

Daily u r tracking any particular set of stocks ...

For this two day trading system...

Update daily with ur entries....This may benefit many members like me...

Regards
Sivgates

3. ### sushilgirdherActive Member

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Is there anybody who have tested this strategy?

4. ### SURESH MARATHEMember

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Being a layman,pl explain, 417.00,405.1 were on 19/10 and 406.75,398.65 were on 22/10 that means today's high and low are lower than yesterday's high and low. Then how to calculate ?

5. ### dineshknpActive Member

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with the help of two days data, we have to trade on 3rd day?

6. ### piyush_mp04New Member

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I am not getting te calculation
if today high is 417 and previous day high is 406.75 approx
then the calculation should be 417 - 406.75 =10.25
and today high 417 + 10.25 = 427.25 how did get it to 396

johnnypareek and pakatil like this.

7. ### johnnypareekWell-Known Member

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Hi,

Heheheheheheh. "Jaldi ka kaam saitan ka". I made afl as per 1st post n never read it carefully.

its "-" from both previous , 406.75-10.25,

HTML:
```/*
Many might be following this system, I will here explain how to trade using the two Day data AND Buy OR Sell using it
hh = (today's High - yesterday;s High)+today;s High
ll = (today's Low - yesterday's Low)+today;s Low
calculate the two values.. if price opens above the hh value... Sell below hh
for the trgt of ll
AND if price opens below ll wait for the price to Cross ll AND then Buy , target would be hh
example
jindalstel

High 1 AND Low 1 are 406.75 AND 398.65
High 2 AND Low 2 are 417 AND 405.10

hh AND ll are 396.5 AND 391.7

price Open today was 404.80 (403.85)

price opened above hh value AND Short below 396.5 for a target of 391.70

when the price doesn;t Open below ll OR above hh then no trade..
good luck!
*/
_SECTION_BEGIN("Price");
GraphXSpace=5;
SetChartOptions(0,chartShowArrows|chartShowDates);
_N(Title = StrFormat("{{NAME}} - {{INTERVAL}} {{DATE}} Open %g, Hi %g, Lo %g, Close %g (%.1f%%) Vol " +WriteVal( V, 1.0 ) +" {{VALUES}}", O, H, L, C, SelectedValue( ROC( C, 1 )) ));
Plot( C, "Close", ParamColor("Color", colorBlack ), styleNoTitle | ParamStyle("Style") | GetPriceStyle() );
_SECTION_END();
TimeFrameSet( inDaily );
Hh=Ref(H,-2)-(Ref(H,-1)-Ref(H,-2));
Ll=Ref(L,21)-(Ref(L,-1)-Ref(L,-2));
Oo=O;
TimeFrameRestore();
Hh = TimeFrameExpand(hh,inDaily,expandFirst);
Ll = TimeFrameExpand(ll,inDaily,expandFirst);
Oo= TimeFrameExpand(Oo,inDaily,expandFirst);
Short=Oo>Hh AND Cross(Hh,L);
//Sell=0 OR Short;

//Cover=ExRem(Cover,Short);

PlotShapes(IIf(Buy==1, shapeUpArrow , shapeNone), colorBlue, 0,Low, Offset=-20);
PlotShapes(IIf(Short==1, shapeDownArrow, shapeNone), colorRed, 0,High, Offset=-20);
Plot(Hh,"Upper",5,1);
Plot(Ll,"Lower",4,1);
Plot(Oo,"Open of day",9,1+32);```
Don't know whether its right or wrong I did "-" instead of plus as the figure given comes by doing "-"
johnny

Last edited: Oct 24, 2012
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8. ### ravinder0509Active Member

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Can you please post the afl...

9. ### ashokram1Active Member

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@piyush... day one high was 406.75 , day two (yesterday high) was 417

406.75 - 417 = -10.25 add it to 406.75 ...

406.75-10.25 = 396.5

HH value is therefore 396.5
open above this levels and short below would work
thank you

10. ### ashokram1Active Member

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@johnny sir,

thanks for the afl .. please change the following

Ll = Ref(L,-1)+((Ref(L,-1)-Ref(L,-2)));
Hh = Ref(H,-1)+((Ref(H,-1)-Ref(H,-2)));

and open should be the intraday open..