For this application U need following information
Price range of prior trend
Number of trading days(TD)
number of counting day(CD) that elapsed in current trend.
Example:
from august 22 to october 10 2002 high to low range(high-low) SPX is 965-786.83= 196.37
convert it to angle 193.37=135 degree
next low to high( up swing) from october 10,2002 here total number of trading days(TD)=36 days
36 TD = 135 degree angle.
How to convert price to trading day or counting days.
formula:
(((2*n) +((2*x)/360)+1.25) square
n= number of rotation,
x= anlge of interest.
Price range of prior trend
Number of trading days(TD)
number of counting day(CD) that elapsed in current trend.
Example:
from august 22 to october 10 2002 high to low range(high-low) SPX is 965-786.83= 196.37
convert it to angle 193.37=135 degree
next low to high( up swing) from october 10,2002 here total number of trading days(TD)=36 days
36 TD = 135 degree angle.
How to convert price to trading day or counting days.
formula:
(((2*n) +((2*x)/360)+1.25) square
n= number of rotation,
x= anlge of interest.
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