The alternative approach would be to shadow rates for entry and exit levels using the three-minute price flow channel at 0.02% deviation, with the ten-minute price range channel at 0.4% deviation serving as a more precise measure for conveying the "fastest actionable" maneuvers, and then skipping over the 15-/16-minute measures to rely on the 20-minute price range envelope at 0.07% deviation to define the overall general "gist" of where candlesticks are ultimately headed in the short run. The broader bounds of this action is suggested by the 40-minute price range envelope at 0.18% deviation, with the overall general direction in which rates are ultimately headed in the longer run (from an intraday perspective) represented by the 60- and especially the 90-minute baselines.
This is the chart configuration I use to remove 95% of the subjectivity from my trade decisions...
When I transcribe the "Undeniable Graphics" configuration down to lower-time-frame charts, here is what I end up with...
The slowest measure I used was the two-hour price flow channel at two levels. Unsatisfied with what I saw, I ended up also plotting the proprietary dynamic/adaptive indicator with the numeral 48 and the word "SMOOTHED" in the title—at two levels.
However, this ate up a lot of memory, so I analyzed it and determined it equaled 100 minutes. I then substituted it with standard envelopes, but because they weren't adaptive, I had to plot them at four levels instead of two: 0.6%, 0.10%, 0.16% and 0.30% deviation. So then, it looks like these channels are taking the place of... "the overall general direction in which rates are ultimately headed in the
longer run (from an intraday perspective) as represented by the 60- and
especially the 90-minute baselines."
In short, the 90-minute baseline is replaced by 100-minute envelopes, and the two-hour measures are gone.
Now, rates tend to reverse direction at the 0.10% deviation level of this measure at the most, so if they
don't, there is a greater than 50/50 chance that price might be embarking on a run. If true, then candlesticks will continue painting on the corresponding side of—not the ten-minute price range channel at 0.4% deviation, which I stated was the measure to use for conveying the "fastest actionable" price action; nor the 15-/16-minute measures that I skipped over for failing to be precise enough, but rather—the 14-minute baseline. The run isn't deemed to be over until and unless this "barrier" is broken.
Also, rather than having "the broader bounds of intraday (intermediate) action suggested by the 40-minute price range envelope at 0.18% deviation, it is replaced by the 50-minute baseline, as suggested by the proprietary measure whose title contains the numerals 5 and 12 along with the words: path, band and SMOOTHED.
This means I am looking to enter positions in the direction of the 50- and 90-minute price flows, as dictated by the five- and 14-minute baselines, rather than what I was doing previously, which is to say: "shadow rates for entry and exit levels using the three-minute price flow channel at 0.02% deviation, with the ten-minute price range channel at 0.4% deviation serving as a more precise measure for conveying the 'fastest actionable' maneuvers."
I seem to have concluded that it is neither necessary nor best to trade at such a "granular/microscopic" level, except now that I think of it, I have only dropped down as low as five-minute charts. After I transcribe the "Undeniable Graphics" chart setup down to a one-minute context, which I am almost certain to do, perhaps I will change my mind and go with the more detailed three and ten-minute measures after all, or at the very least, supplement the other measures with them.
UPDATE: From a one-minute perspective, the three-minute price flow channel at 0.02% deviation is essentially conveying the same price action as the five-minute baseline, more-or-less; with price typically fluctuating above and below the 14-minute baseline between the upper and lower bands of the ten-minute SMA envelope at 0.4% deviation.
Consequently, when candlesticks don't reverse direction at either band, it is probably initiating what is, at the very least, a short-term (or short-lived) run. So in conclusion, at this level, these two measures can be added to supplement the ones listed above. Also, any initially short-term run can be redefined as more significant/substantial if it continues beyond the 0.10% deviation level, and especially the 0.16% deviation level, of the 100-minute envelope(s), as mentioned earlier.
