Strange Oscillation of Prices High - Low

13 July 2017, 00:37
Reza Anvari
4
44

Price changes and trend lines show us that there isn't any permanent pattern for a day or any periods of time. But chart of High and Low differences has a daily oscillation. I drew chart of High minus Low for different currency pairs. I added Open minus Close chart to them to clarify no meaningful pattern in O-C chart at that period of time.

The following picture is H-L and O-C curves for EURCAD. Red for H-L and blue for O-C with -0.001 offset.

High-Low   and   Open-Close

To filter ripples I used MA(6) for both curves. The following pictures are some examples of H-L swing. We can see a sinusoid H-L curve, despite of price movement and O-C changes:

EURCAD H-L O-C MA(6)


USDCAD H-L O-C MA(6)

The minimum size of price candle happens at morning and maximum size of it at afternoon (GMT).

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