@geminicz: Nice try. However, as the document hast been downloaded at the end of 2014 and those posts have been deleted during August 2013, they are not available there. Nevertheless, thanks for your effort!

Thanks for clarifying, @FXEZ. Can it really be that simple to find a price that reflects ‘market sentiment’ or ‘nearly true value’. (H+L) / 2 is surely a possible attempt to get closer. The basic problem is, that the base values defining median price are bound to a specific timeframe.

Let’s assume that we will stay within a certain timeframe,…[Read more]

Thanks for clarifying, @FXEZ. Can it really be that simple to find a price that reflects ‘market sentiment’ or ‘nearly true value’. (H+L) / 2 is surely a possible attempt to get closer. The basic problem is, that the base values defining median price are bound to a specific timeframe.

Let’s assume that we will stay within a certain timeframe,…[Read more]

Thanks for clarifying, @FXEZ. Can it really be that simple to tind a price that reflects ‘market sentiment’ or ‘nearly true value’. (H+L) / 2 is surely a possible attempt to get closer. The basic problem is, that the base values defining median price are bound to a specific timeframe.

Let’s assume that we will stay within a certain timeframe,…[Read more]

Hi Simplex. I’ll quote the part of drloyd’s post that I thought was self-evident:

So to be even more clear and explicit to answer @geminicz , yes (H+L)/2 is referred to as the “market sentiment” of the bar and when compared to the close price, you can see differences or a deviations from this “fair value” which again is defined as the…[Read more]