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Date/Time: Sun, 19 May 2024 08:35:17 +0000

Post From: Zig-Zag Study Charting and Tot. Vol. Error/Anomaly

[2017-04-11 03:27:09] Link To Thread - Link To Post [Go To First Post]
User68474 - Posts: 195
On a basic 5 minute chart of the ESM7, Continuous Date Rule Rollover, Back Adjusted, I have a basic Zig-Zag Study (see attached image) calculation mode 3, input for High/Low =Last/Reversal amount =.749. My contention is that the legs and therefore the Total Accumulated Volume per leg are not being charted and calculated correctly. Case in point pointed out on copy of chart concerns bars at 10:55/11:00/11:05 EDT today, Monday April 10, 2017. The down leg, which begins correctly at 10:35 a.m., ends, as charted (incorrectly in my opinion) on the 10:55 a.m. bar (last = 2358.75), and, because the next two bars also close at 2358.75, the leg should shift over those two bars to the last/close of the 11:05 bar (Total Volume for the seven bars composing that down leg should print 86.2K ). The next bar (11:10 a.m.) is an up bar (last = 2360.00), and that one bar (volume 11458) comprises the next up leg, as price falls from there starting a new down leg. http://www.sierrachart.com/image.php?Image=1491880816769.png