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(EFS) Monday RTH Range Extensions PRO

15. July 2011
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eSignal Study:  Monday's trading range sets the stage for the rest of the week. Thus, it's important to identify its range.  We use Fibonacci extensions of this range to identify postential support and resistance levels.

There is special handling of holidays falling on a Monday, which is user configurable in the parameters.

In the example image (emini future), the left chart is what this script outputs. The right chart is the same chart with added explanatory descriptions. 

IMPORTANT: This script is intended to only run on Regular Trading Hours (RTH, 8:30-15:00 CST) charts whose interval is evenly divisible by 390 (the number of minutes in RTH). This guarantees each day has an equal number of bars.  The results will not be accurate otherwise. 

IMPORTANT: This script requires the neoLibrary.efsLib.  You can download it here (free).

 

 

 

 


  
 

Study, Pro, Sup/Res Levels