In intraday charts due to erratic price movemensts in first 2- 3 minutes ( 9:15 to 9:18) or due to the abnormal price levels which are sometimes recorded in the first few minutes, its tough to decide the trend in the scrip.
example:Time : 12:40 pm. open - 500, high - 536, low - 500, cmp: 510.
high - 536 is recorded immediately after opening ( 9:15), where in actually no major trading is done ( we come across these abnormal numbers many times).
Now if you see the chart from 9: 18 onwards it looks completely downwards movement. But when the chart is considered including starting 3 minutes, it still looks uptrend ( cmp 510 still being above open level 500 and open and low being same ).
Do u consider this as uptrend or downtrend ?
If i wan to take it as downtrend by ignoring first 3 minutes till 9: 18, what is to be done in amibroker setting.
Thank you.
MoHaN.
example:Time : 12:40 pm. open - 500, high - 536, low - 500, cmp: 510.
high - 536 is recorded immediately after opening ( 9:15), where in actually no major trading is done ( we come across these abnormal numbers many times).
Now if you see the chart from 9: 18 onwards it looks completely downwards movement. But when the chart is considered including starting 3 minutes, it still looks uptrend ( cmp 510 still being above open level 500 and open and low being same ).
Do u consider this as uptrend or downtrend ?
If i wan to take it as downtrend by ignoring first 3 minutes till 9: 18, what is to be done in amibroker setting.
Thank you.
MoHaN.