Support Board

Date/Time: Mon, 20 May 2024 19:18:03 +0000

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

[2021-02-13 09:41:52] Link To Thread - Link To Post [Go To First Post]
User877753 - Posts: 152
WRT Post #20: 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? Yes. the "unit" could vary from 1 to a few ticks, depending on contract's average range. 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. There is no condition about H in 1TFing up ; no condition about L in 1TFing down. As I understand One Time Framing (1TFing) from original authors, the source you mention is wrong. Inside bar does not stop any 1TFing, as both condition are verified : L[1]>L>L-1 and H[1]<H<H+1. Observation : the only type of bar which would stop any 1TFing, up or down, is an outside bar, as both previous H and L are exceded. Note that outside/inside bar is not relevant for coding : just an observation. Hope this helps.