Support Board
Date/Time: Wed, 27 Nov 2024 08:49:20 +0000
[User Discussion] - detect overlapping bars
View Count: 619
| [2023-04-21 15:32:55] |
| jivetrader - Posts: 410 |
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Using range bars, what studies can I use to detect bars with overlapping price levels vs bars without? Thanks in advance! |
 overlapping bodies.jpg / V - Attached On 2023-04-21 15:31:23 UTC - Size: 20.74 KB - 130 views |
| [2023-04-21 15:40:44] |
| John - SC Support - Posts: 36309 |
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You can see if what you want is covered in the "Candle Stick Pattern Finder" study. Refer to the following: CandleStick Patterns Finder For the most reliable, advanced, and zero cost futures order routing, use the Teton service: Sierra Chart Teton Futures Order Routing |
| [2023-04-21 16:33:39] |
| Sawtooth - Posts: 4120 |
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what studies can I use to detect bars with overlapping price levels vs bars without?
Use the Color Bar Based On Alert Condition study, with a formula like this on the Alerts tab:=AND(MAX(O,C)>MAX(O[-1],C[-1]),MIN(O,C)<MIN(O[-1],C[-1])) This will color the price bar where the candle body is 'outside' the previous candle body. |
| [2023-04-21 19:18:35] |
| jivetrader - Posts: 410 |
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Thanks to both. tomgilb, what about on a NumBars chart with no candles present?
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| [2023-04-21 19:35:47] |
| Sawtooth - Posts: 4120 |
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what about on a NumBars chart with no candles present?
It works on Numbers Bars, but you'll want to change the Draw Style to something like Point On Low.
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| [2023-04-24 21:27:58] |
| User624595 - Posts: 207 |
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@jive, curious how you find the above options vs using an ADX study. You can also set up a colorbar condition on ADX above a certain threshold.
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| [2023-09-05 20:21:00] |
| jivetrader - Posts: 410 |
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Update on this thread, the @Sawtooth code above finds engulfing bars, but not other forms of overlapping bars. Just a note to future readers to modify to taste.
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