Support Board
Date/Time: Tue, 26 Nov 2024 10:26:48 +0000
Post From: For Reversal Bars - identifying the UP bar and the DOWN bar
| [2023-01-31 00:48:18] |
| deltaFlow - Posts: 12 |
|
Sorry John, I think there's a misunderstanding here. I was not referring to "Up Bar" where close > open or "Down Bar" where close < open. Let me rephrase the problem. As per SC documentation (in Chart Settings >> Bar Period >> Intraday Chart Bar Period >> Bar Period Type >> Reversal Bar) when the reversal by the designated amount occurs from the high of one bar, then the next bar starts and for this next bar, reversal means a move away from bar's low by the reversal amount. Then for the third bar the reversal means a move away from the high, and so forth (alternating). The problem is that when a bar's range is twice (or close to twice) the reversal amount, it is very hard for the eye to distinguish whether it was a reversal from the high or from the low. Therefore, you can't easily tell the direction of the reversal, unless the next bar continues the reversal direction (which doesn't always happen). Therefore, could you have some sort of visual indicator that shows whether SC was tracking the reversal from a bar's high or from its low when using a Numbers study or a regular bar chart? (I notice there is a study called "Point Figure Chart Reversal Marker" but there is no documentation on it and it seems to do nothing on my reversal Numbers charts.) Please let me know if I have not clarified the issue. |