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Date/Time: Thu, 28 Nov 2024 05:36:32 +0000



Post From: swing periodicities

[2023-06-02 01:26:44]
jivetrader - Posts: 410
Thanks John. For which bar type(s) can a max x% retracement in the bar be specified before printing a new bar (analogous to ZZ retracements) even if the retrace needs to be specified in ticks?

Example: a 20-tick bar with a max 4 tick retrace would accommodate a 20% counter move within the bar before printing a new bar in the same direction. If the retrace exceeds 20% at any time, a new bar begins to form against the direction of the original.

I hope this is clear, thanks