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[User Discussion] - detect overlapping bars

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[2023-04-21 15:32:55] #1 [Go To First Post]
jivetrader - Posts: 387
Using range bars, what studies can I use to detect bars with overlapping price levels vs bars without? Thanks in advance!


overlapping bodies.jpg / V - Attached On 2023-04-21 15:31:23 UTC - Size: 20.74 KB - 93 views

[2023-04-21 15:40:44] #2 [Go To First Post]
John - SC Support - Posts: 31362
You can see if what you want is covered in the "Candle Stick Pattern Finder" study. Refer to the following: CandleStick Patterns Finder For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing

[2023-04-21 16:33:39] #3 [Go To First Post]
Sawtooth - Posts: 3993
what studies can I use to detect bars with overlapping price levels vs bars without? Use the Color Bar Based On Alert Condition study, with a formula like this on the Alerts tab: =AND(MAX(O,C)>MAX(O[-1],C[-1]),MIN(O,C)<MIN(O[-1],C[-1])) This will color the price bar where the candle body is 'outside' the previous candle body.

[2023-04-21 19:18:35] #4 [Go To First Post]
jivetrader - Posts: 387
Thanks to both. tomgilb, what about on a NumBars chart with no candles present?

[2023-04-21 19:35:47] #5 [Go To First Post]
Sawtooth - Posts: 3993
what about on a NumBars chart with no candles present? It works on Numbers Bars, but you'll want to change the Draw Style to something like Point On Low.

[2023-04-24 21:27:58] #6 [Go To First Post]
User624595 - Posts: 183
@jive, curious how you find the above options vs using an ADX study. You can also set up a colorbar condition on ADX above a certain threshold.

[2023-09-05 20:21:00] #7 [Go To First Post]
jivetrader - Posts: 387
Update on this thread, the @Sawtooth code above finds engulfing bars, but not other forms of overlapping bars. Just a note to future readers to modify to taste.

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