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  • Minimum Oh/Ol Rangebreakout

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    Ashish Rothe
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    This document presents a trick for intraday trading based on calculating the minimum range of the high-low (OH) and open-low (OL) values from historical data. It shows how to find the average minimum range over a period, and then use that as the basis for determining buy/sell entry points and targets or stop losses on subsequent trading days. The strategy aims to enter long positions above the open plus the minimum range, or short positions below the open minus the minimum range.

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    Minimum OH

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    MinimumOH.pdf

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    This document presents a trick for intraday trading based on calculating the minimum range of the high-low (OH) and open-low (OL) values from historical data. It shows how to find the average minimum range over a period, and then use that as the basis for determining buy/sell entry points and targets or stop losses on subsequent trading days. The strategy aims to enter long positions above the open plus the minimum range, or short positions below the open minus the minimum range.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    20 views3 pages

    Minimum Oh/Ol Rangebreakout

    Uploaded by

    Ashish Rothe
    This document presents a trick for intraday trading based on calculating the minimum range of the high-low (OH) and open-low (OL) values from historical data. It shows how to find the average minimum range over a period, and then use that as the basis for determining buy/sell entry points and targets or stop losses on subsequent trading days. The strategy aims to enter long positions above the open plus the minimum range, or short positions below the open minus the minimum range.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 3

    Compiled by SmSTricks4U

    Minimum OH/OL RangeBreakOut

    This trick need to be used only on Intraday basis.

    Here we calculate the Minimum Range of OH and OL

    Let’s the take Historical Data of last 5 Days

    Date Open High Low Close


    9-Sep-16 126.95 127.65 124.00 124.95
    12-Sep-16 122.85 122.85 118.00 118.40
    14-Sep-16 119.40 121.00 118.60 119.90
    15-Sep-16 119.25 120.65 117.70 118.75
    16-Sep-16 119.40 121.40 117.90 118.40

    Now Calculate OH & OL

    OH = High – Open

    OL = Open – Low

    Date Open High Low OH OL


    9-Sep-16 126.95 127.65 124.00 0.70 2.95
    12-Sep-16 122.85 122.85 118.00 0.00 4.85
    14-Sep-16 119.40 121.00 118.60 1.60 0.80
    15-Sep-16 119.25 120.65 117.70 1.40 1.55
    16-Sep-16 119.40 121.40 117.90 2.00 1.50

    Compiled by SmSTricks4U
    Compiled by SmSTricks4U

    Now Compare both OH & OL and Check which has minimum range.

    For example

    Date Open High Low OH OL


    9-Sep-16 126.95 127.65 124.00 0.70 2.95

    On 9-Sep-16 OH = 0.70 and OL=2.95, So minimum range will be the lowest


    of both

    I.e. Minimum = 0.70

    Now calculate the Minimum average value of last 5 days.

    DATE OPEN HIGH LOW H-O O-L MINIMUM


    9-Sep-16 126.95 127.65 124.00 0.70 2.95 0.70
    12-Sep-16 122.85 122.85 118.00 0.00 4.85 0.00
    14-Sep-16 119.40 121.00 118.60 1.60 0.80 0.80
    15-Sep-16 119.25 120.65 117.70 1.40 1.55 1.40
    16-Sep-16 119.40 121.40 117.90 2.00 1.50 1.50
    Average Minimum Factor(Range) 0.88

    Next day if the Scripts Opens at, For example:

    Next Open 119.40

    Than calculate the Long and Short Positions accordingly

    BUY ABOVE OPEN + RANGE 120.28


    STOP LOSS OPEN - RANGE 118.52
    TARGET 1 ENTRY + RANGE 121.16
    TARGET 2 TARGET1 + RANGE 122.04
    TARGET 3 TARGET2 + RANGE 122.92
    TARGET 4 TARGET3 + RANGE 123.80

    Compiled by SmSTricks4U
    Compiled by SmSTricks4U

    TARGET 5 TARGET4 + RANGE 124.68


    TARGET 6 TARGET5 + RANGE 125.56

    SELL BELOW OPEN - RANGE 118.52


    STOP LOSS OPEN + RANGE 120.28
    TARGET 1 ENTRY - RANGE 117.64
    TARGET 2 TARGET1 - RANGE 116.76
    TARGET 3 TARGET2 - RANGE 115.88
    TARGET 4 TARGET3 - RANGE 115.00
    TARGET 5 TARGET4 - RANGE 114.12
    TARGET 6 TARGET5 - RANGE 113.24

    Compiled by SmSTricks4U

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