Support Board
Date/Time: Thu, 26 Dec 2024 18:40:15 +0000
Post From: Orderflowanalytics-style reversal bars.
| [2014-02-04 04:47:38] |
| Profile Trader - Posts: 176 |
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OFA 6/4 Bars require that the price goes up 6 ticks consecutively and then pull back 4 ticks to start a new bar. So if it goes up 3 and then back one the count is started over for the 6 consecutive ticks. the 6 can be in either direction but has to uptick or downtick without reversing at all once the 6 ticks have been hit. After that happens a new bar is printed when 4 opposite directional ticks has happened. These would be done on reversal bars.
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