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Post From: Pullback and reversal bar idea

[2014-06-19 14:38:11] Link To Thread - Link To Post [Go To First Post]
Zbob - Posts: 6
Theory: The market auctions to a level that is then met by new participants. These new participants begin a new auction counter to prior auction. To see the auction behavior, does anyone know how to setup the reversal bars, in the number bar format, using the pullback column to draw the new reversal bar with only the data taken from the pullback column? I would not want to combine the move up and then the response back down in the same bar unless it continued in its current up move. Only draw the new reversal bar after X# of ticks counter. For example, in the linked image http://screencast.com/t/JwbvM5j8 you will see the pullback column on the far right, and the current reversal bar it is building on, however, the pullback data is being included in the prior 12tick reversal bar (which is the up auction). I do not want this! I would like this data (pullback column down auction) held out of that 12tick reversal bar and for it to build a new reversal bar beginning from that top tick to 12ticks lower (if it were to get 12 ticks lower) so i can see each "auction" participation strength. So, the new graphics should show the next 12 tick reversal bar beginning at the high of the previous 12 tick reversal (and not at exactly 12 ticks from the top or bottom) with the correct auction participant and the new bar only to include the new auction data. Can or has this been done? Thank you in advance!