Support Board

Date/Time: Fri, 10 May 2024 08:43:38 +0000

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

[2021-02-25 10:40:15] Link To Thread - Link To Post [Go To First Post]
User877753 - Posts: 152
WRT Post #26 1. I do not know what CL and NQ mean. CL for crude oil future NQ for Nasdaq 100 future 2. You said in Post #19 that OTF(Up) occurs in an uptrend. That does not only imply higher lows, but also higher highs. Do we not need to check for those as well? I disagree : higher highs are not needed for an uptrend to go on. They will occur, but are not necessary on every bar. 3. Is this how Dalton defines the exit criterion in the primary source? Full quote from public Glossary page from https://jimdaltontrading.com/glossarypage/ : One-TimeFraming A trending situation where in an uptrend, the low of the previous bar is not broken to the downside by 2 ticks or more. Conversely, in a downtrend, the high of the previous bar is not exceeded by at least 2 ticks or more. As these upside and downside situations occur over multiple bars we identify them as “one-timeframing’. One timeframing is applicable to all timeframes, from monthly, weekly, daily charts to the shortest timeframe Market Profile® thirty minute periods intraday. Recognizing a one-timeframing mode can keep a trader from fading a market at inopportune times while also enabling a trader to employ the most appropriate strategic and tactical plan for current market conditions. Accordingly, the criterion for exit is : low of previous bar is broken to the downside by 2 ticks or more