Exact Science

Quote from jack hershey:

To have the color of the bar working, the display has to operate off a reference. Use the prior bar close of price.

Is this an old rule that has become new again? I have been painting my volume bars based on shifted (no gap) price, which for the most part is : hh=black, ll=red and outside/inside bar = close/open relationship.

BTW, Thats a fantastic cycle 1 flow chart you provided. Its definitely worth a 2nd and 3rd look for anyone doing the work.
 
Quote from jack hershey:


If you took the volume spike as "signal for reversal", then I guess you got a lesson from an "induction" point of view.

i think it`s always like that on a DU. you got the same reversal point signal on the spike on the 6th tick:D
 
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