Actually I sent msg to @bbhanushali sir.
1. What do you mean by monthly HIGH or LOW, i.e. these HIGH /LOW have any reference point or is it that 1st Date of every month is a reference point.
2. How you are comparing .5%, again the reference point, is it previous month HIGH/LOW's x .5% or 1st Date of every month HIGH/LOW x .5%.
3. Are we marking the HIGH/LOW x .5% every end of month or end of 30 day or it is continuous look back of 30 day (similar to moving average).
4. Last you have marked chart for SELL and BUY but how you arrived at that decision I am unable to fathom; e.g. TATAGLOBAL(Daily)
- what is 1st candle (because the date of that candle is 13th December 2018), how did you identify that it is 1st candle?? If you are saying HIGH of December 2018 month, than this was not the HIGH of that month or even LOW of that month. Yes LOW of November 2018 was near there i.e. 208.55.
- what is 30th day, how did you identify that it is 30th day (because the date of that candle is 24th January 2019), are you saying to count 30 candles from 1st candle (including 1st candle)?
- there are many candles whose low was similar to 30th day then why not them ? any specific reason?
I am sure you have a great idea in your mind but unless it is clear on paper no afl can be written, because it will only be a wasted effort like before and I am sure no one wants to waste their time. Thanks.