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Strategies & Market Trends : Tech Stock Options

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To: Tom Trader who wrote (41648)	4/28/1998 10:35:00 AM
From: Stoctrash	Read Replies (1) of 58727

TT....it's based on the hourly bars. The data point you USE to measure against the P*stop is the OHLC/4 of that hourly bar, so you don't have the exact data point until that HOURLY bar closes. I originally thought just close was the important factor...but after so scratching my head, I realized the OHLC/4 was the point to use. Its a little cumbersome...but seems to be pretty good when back tested. Hourly (good till 11:30est) is 1090.45..so a OHLC/4 for this hour above here and you would get long at 11:30ish. Daily is still short and a long ways away at 1114.19

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