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Date/Time: Tue, 21 May 2024 12:18:58 +0000



[User Discussion] - Change in Point And Figure chart when adding Number bar study

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[2019-10-25 16:28:08]
BenjFlame - Posts: 305
Please look at those images that display:

1) A correct point and figure chart
2) The same point and figure chart with a number bar study added in top of it.

You can see on the chart with number bar stody, as pointed with the red arrow on left of image, that on this column switch case, the columns don't aligns properly as PF should, and an additional empty tick level is added at start of next column, so the PF chart with study is not the same. It is as if it misses 1 round level.

Why is that? I would have expected exact same price distribution of chart with and without number study. Please advice on how to solve this.

(this is a 1 box tick, 3 ticks reversal chart of ES)
Date Time Of Last Edit: 2019-10-25 16:33:17
imagepointandfigureok.JPG / V - Attached On 2019-10-25 16:26:38 UTC - Size: 107.68 KB - 353 views
imagepointandfigurebad.JPG / V - Attached On 2019-10-25 16:26:43 UTC - Size: 146.6 KB - 343 views
[2019-10-25 21:24:18]
Sierra Chart Engineering - Posts: 104368
What you see is absolutely correct. The Numbers Bars study is showing the actual traded price levels per bar.

Look at using Reversal Bars instead:
Chart Settings: Intraday Chart Bar Period >> Bar Period Type >> Reversal Bar (in ticks) (ReversalAmount - MinimumLength)
Sierra Chart Support - Engineering Level

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