Support Board
Date/Time: Mon, 13 Jan 2025 23:00:48 +0000
Post From: Orderflowanalytics-style reversal bars.
| [2014-08-03 21:44:35] |
| Moti - Posts: 63 |
|
Hello Norvik, I will like to thank you for the code of OFA bar. Profile trader describe the movement of bar: " "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."" Norvik, Please advice if your code work like the description ? If Not would you like that I will translate the description above to Russian ? Moti |