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Date/Time: Fri, 19 Apr 2024 06:13:22 +0000

Post From: Formula you convert Point and Figur chart to candle stick charts

[2019-06-20 09:00:25] Link To Thread - Link To Post [Go To First Post]
User266447 - Posts: 239
Hello, I am referring to my last question: According to this document: Point and Figure Chart even three P&F bars can be built (or added to) from just one underlying data bar: "For example, if the Point and Figure column currently being built is up and the underlying data bar is determined to be a rising bar, meaning the Low was made first, then Sierra Chart checks to see if the Low causes a reversal. If it did, a reversal will be made. Sierra Chart will then look at the High to see if a new box or boxes can be added if no reversal was made from the Low. Or if a reversal was made from the Low, Sierra Chart will look at the High to see if a reversal needs to be made from the new down column." However, it is not explained how volume is processed from the underlying bar. Is it only added to the last P&F bar? Or is it evenly divided by the number of new (and updated) P&F bars? I'll be glad if you could explain this precisely. Kind regards, Arek