I don't want to dissuade anyones learning path, but EEs apply to a volume sequence. It's already known, a bar chart, time-based or not, merely represents bundles of information. Those bundles present multiple fractals at all times. You may be tracking only 3 fractals, but that doesn't mean more are not present. So which fractal does an EE apply too? Labeling is very minor, in fact its a basic from a programming pov.
And remember, the price pane MUST match the volume sequence.
A superior automation along these lines would be a WMCN (anticipation) tool, applied to volume bands, which is extremely complex, imo. The volume sequence is the major input, on any/all fractals.