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Date/Time: Sun, 21 Oct 2018 15:49:23 +0000



Reversal Bars

Support Request:
[2017-12-18 18:51:42]
User28914 - Posts: 87
I believe the settings of Rev amount = 3 and a min length = 8 should give a bar which "duplicates" the OFA probe(8) and Rotation(3)


bars. For most of the bars that seems to be true. If the bar excursions at least 8 ticks , the bar then waits for a 3 tick retrace. When that


happens, the next bar opens. The net result are bars that never have a bar close and the next bar open at exactly the same price.


But, I occasionally observe that Bar close = Bar open situation.


I believe this modified behavior is happening when a bar reaches 8 ticks and i'ts delta is less than the previous bar's delta. (ex for price


moving up). Then the next bar immediately opens and the previous bar closes at exactly the same price. It does not wait for a retrace of


3 ticks.



If there is a connection between the Reversal bar logic and the delta function, that would be very cleaver. Is so, could someone give me



the exact details of the connection without giving away the keys to the shop?
[2017-12-19 22:20:04]
Sierra Chart Engineering - Posts: 65036
Reversal bars are documented here:

https://www.sierrachart.com/index.php?page=doc/ChartSettings.html#ReversalBar


But, I occasionally observe that Bar close = Bar open situation.
It makes sense that this can be the case. We are not sure why it would never be the case. Once the reversal condition has been met, the next trade could very well be at the same price.

If there is a connection between the Reversal bar logic and the delta function,
We are not sure what you mean by Delta. But if you are making reference to the difference between Ask Volume and Bid Volume this is not relevant here.

How reversal bars works is fully documented. Also, there are no secrets here. Everything is fully documented.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2017-12-19 22:20:38
[2017-12-19 23:12:25]
Sierra Chart Engineering - Posts: 65036
If there is a particular modification you require to Reversal bars, we will need clear specifications so we can add that capability.
Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. If possible please keep your questions brief and to the point. Please be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

If your question/request has been answered and you do not have anything further, then it is easiest for us if you do not reply again to say thank you.
Date Time Of Last Edit: 2017-12-19 23:12:40

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