The script multiplies the price time the volumes. Than relatively calculates whether the stock or product is oversold or overbought. One can subsequently set when to go short or when to go long. The way it works is that there is a small 1 for a long and a -1 for a short. If it is 1 and the followed by a 2 one has a profit. If a -1 is followed by a -2 you traded a...
Calculate the price range , support and resistence for the current day. At the market open this algo will calculate the next price level with no repaint.
Start from a linear regression and using the Fibo parameters I add bands over and under. Because range and volatility are incluse in the algo, the price tends to move between bands with same colors. The middle line (linear regression) is a good signal; after a break happend, the price will move to the last or second last band
