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Reversal Bars

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[2017-12-18 18:51:42] #1 [Go To First Post]
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] #2 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
Reversal bars are documented here: Chart Settings: Intraday Chart Bar Period >> Bar Period Type >> Reversal Bar (in ticks) (ReversalAmount - MinimumLength) 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. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-12-19 22:20:38

[2017-12-19 23:12:25] #3 [Go To First Post]
Sierra Chart Engineering - Posts: 104368
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. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, change to the Teton service: Sierra Chart Teton Futures Order Routing Date Time Of Last Edit: 2017-12-19 23:12:40

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