I'm afraid I don't understand the explanation of this egy. If your day begins at 5 pm ET the very first bid/ask that trades at 5 pm constitutes the high/low of this day. Every move after that will make a new high or a new low -- how else could you decide whether it is the high or low of the evening? If we are looking for DAILY high/low, what difference does it make if we are about the 1 hour chart or the chart?


On chart the price is going to be the same, in case it is the high/low of this day it also is going to function as high/low of this hour and the minute. You mentioned placing RSI and the MACD on the chart, but you did not explain what we are supposed to be on the lookout for with those oscillators. What are you currently up to Merlin?
