How do I calculate the distance travelled by the stock facto
How do I calculate the distance travelled by the stock, factoring in the turning points?
BGN 1.0596/1.0597 BGN EURUSD ?1.0597-0014 At 14:46 Op 1.0610 Hi 1.0638 Lo 1.0569 Close 1.0610 Value 12/01/15 -m ?97) Edit 16:59 Trade - EURUSD BGN Curncy 99 Compare-9 ) Actions Intraday Price Chart Day(s) 11/27/2015 11/27/201517:00 USD 1 3D 1H 6M YTD 1Y 5Y Max Tick w ?? Security/Study -Event ? Last Price 10597 ? Close on 11/26-… 1.0611 T High on 11/27 01:51 10638 10601 I Low on 11/27 09:19 10569 10640 Average 10630 1.0620 10600 1.0597 0.0014 -0.13% L0590 10580 +10570Solution
You can basically draw small trend lines. If it s horizontal line parallel to the x axis then it is to be treated as a normal distance. If the small trend line is diagonal, then it should be treated as a hypotenuse of a right angled triangle. The measurement of such a hypotenuse should be done by measuring the other two sides.
Thus the above method would give you the distance a stock has travelled factoring in the turning points. However this would be an approx measure.
