[BarnabeBear]

Hi there, a question for you guys.

Hav you tried working out his Eleven and Last hours indicators?

I mean this is relatively easy to plot on PRT (see below), but I don't quite know what to make of it. In Technically Speaking SW mentions that the Eleven gives a long term direction whereas the last hour may be more intermediate term, and that the best is when they walk together.

Ok, but looking back as far as PRT allows (2008 on a one-hour basis), the interest for these indicators is not super obvious.

So, have you tried your luck with those?



ps: the PRT code I use is the following

*******************
//SW's Eleven and Last Hour indicators, as per Technically Speaking
//V 1.0 by BarnabeBear
//US Indices set to New York time in PRT

// Parameters
m=7.5 // 7.5 multiplier to be able to plot the indicators on the same chart as the price - set to 1 to keep it real

//Initial variable initialization to close
Once cum12 = close
Once cum17 = close

//Catch 11am to noon price move
if Hour = 12 then
C=(close-close[1])*m
else
C=0
endif

//Catch 4pm to 5pm move
if Hour = 17 then
D=(close-close[1])*m
Closing = close // Closing = Day close at 5pm, to be able to compare indicators with price
else
D=0
endif

//Cumulative lines for Eleven and Last hour indicators
cum12 = cum12 +C
cum17 = cum17+D


return cum12 coloured (0,0,255) as "Eleven Hour", cum17 coloured (255,0,0) as "Last Hour", closing as "Daily Closing"
*****************************