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Direct MessagesDate/Time: Fri, 10 May 2024 03:26:03 +0000
Post From: Pullback and reversal bar idea
| [2014-06-20 20:25:50] |
| Zbob - Posts: 6 |
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I understand, hopefully I can clear this up a little. There doesn't seem to be much coding, since the backbone is already in place, just a logic change as to how to address the pullback bar data in the prior reversal bar. All I'm looking for is to hold out the pullout bar data from the prior reversal bar data (12 tick reversal chart setup) unless the pullout period continues in the same direction as the reversal bar. If it continues in the same direction as the reversal bar (makes a lower low if it was originally going lower, or higher high if it was originally going higher), then combine all pullout data up to that point back into the reversal bar. But, if the pullout bar happens to counter the reversal by exceeding the reversal setting (in this case, 12 ticks) then draw it as a new reversal bar beginning from the point at which the pullout bar originally began. What I'm interested in is the responsive action in the market at my settings. Like a V bottom on a chart. I want to know the type of volume coming down into that point on the V and coming up out of it in two separate number bars and in no way mix the two "auctions". I've included my chart book for settings and reference. I greatly appreciate all the great work your team has done! It's beautiful how well SierraChart runs and its versatility and value versus many other platforms. Date Time Of Last Edit: 2014-06-20 20:29:46
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 NQ reversal and pullout bars.cht - Attached On 2014-06-20 20:24:22 UTC - Size: 159.2 KB - 482 views |