Support Board

Date/Time: Mon, 20 May 2024 20:11:53 +0000

Post From: Does SC have a one time framing up and one time framing down indicator?

[2021-02-12 21:04:16] Link To Thread - Link To Post [Go To First Post]
SC Support Tom - Posts: 450
WRT Post #19: I coded and documented this study. Unfortunately, I did not find any explicit formulas for this study, but rather verbal descriptions. I inferred my formulas from those descriptions. Let me see if I understand you correctly. The arithmetic transalation is : One Time Framing up = L[1] > L - 1 : no condition on H. One Time Framing down : H[1] < H -1 ; no condition on L. I understand L[1] and H[1] as the Low and High of the previous bar, respectively. I also understand L - 1 and H - 1 as 1 unit less than the current Low and High, respectively. Have I got those right? Also, there must be a condition on H for OTF(Up) and on L for OTF(Down). Either that, or the following source is wrong. http://www.marketprofilesolution.com/Archive/2014/5/basic_strategy_6#.YCbsymhKiUk A one time framing is stopped by an inside bar. An inside bar is defined as a low higher than the previous bar low AND a high lower than the previous bar high and it starts a new balance. This balance top and bottom being the high and low of the bar preceding the inside bar. I set up my formulas so that an Inside Bar would indeed stop OTF.