OHLC Range

[sragone]

I'm getting plenty of good use of the OHLC indicator. It's one of the many great tools that I love about MotiveWave.

Just to make sure I understand the Range High and Range Low lines in the new OHLC indicator, I assume that you are basically answering the following question:

What is the price range for the first “X” number of minutes since the market opened at 0830 central?

Would this be correct?

Thank you for your time.

Shane

 

[MotiveWave_Jason]

Hi Shane,

Yes you're correct, the OHLC range high and low will calculate the first X minutes from the RTH open, which doesn't necessarily mean 08:30 central, it will look to the exchange hours you have set for that instrument to find the RTH open.