Iterative Refinement

Quote from Ezzy:

On the last three IBGS's on your chart, could you explain why they are IBGS's? They look like pretty directional to me, so I don't follow.
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Hey, I'm not responsible for correctly annotating charts...am I? :D .

Ezzy, I have each one of those bars marked IBGS as initially moving in the direction of the current trend (either Dominant or Non-Dominant [i.e. in a retrace at the 14:15 bar) and then reversing and closing opposite their open and the direction of the trend.

As a side note, this was the first day I attempted to define IBGS. We'll see how it goes :cool: .
 
Quote from guavaman:

Hey, I'm not responsible for correctly annotating charts...am I? :D .

Ezzy, I have each one of those bars marked IBGS as initially moving in the direction of the current trend (either Dominant or Non-Dominant [i.e. in a retrace at the 14:15 bar) and then reversing and closing opposite their open and the direction of the trend.

As a side note, this was the first day I attempted to define IBGS. We'll see how it goes :cool: .
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Not trying to put you on the spot :p . Just wanted to make sure I didn't miss something.

On the chart I circled the ones that seemed to fit an IBGS best, though the first one I'm not 100%. From what I understand the shift will end up being a gaussian peak or trough, though it might be a short duration one. And the low volume ones are more of a pause rather than a shift.

Regards - EZ
 

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Quote from Ezzy:

Not trying to put you on the spot :p . Just wanted to make sure I didn't miss something.

On the chart I circled the ones that seemed to fit an IBGS best, though the first one I'm not 100%. From what I understand the shift will end up being a gaussian peak or trough, though it might be a short duration one. And the low volume ones are more of a pause rather than a shift.

Regards - EZ
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Hi Ezzy,

IBGS are bars that open, make a LL / HH (dominant direction) and then closes above/below their open. For instance, on a up trend, a IBGS is a bar that makes a Higher High and then closes below its open.

So, you're right to have doubts on your 1st bar, as it's not a IBGS (it's a spike bar = odd Harmonic).

If for instance that same bar makes a Lower Low too, that is an OB (as you know). OBs are a kind of IBGS also.

When these bars shows "Increasing volume", we consider the new color as the new dominant

Regards,
 
Quote from Pepe:

So, you're right to have doubts on your 1st bar, as it's not a IBGS (it's a spike bar = odd Harmonic).
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My friend Pepe is correct, the first circled bar is mislabeled as an IBGS and is indeed a spike bar :p .

So sorry :( .
 
Quote from Pepe:

Hi Ezzy,

IBGS are bars that open, make a LL / HH (dominant direction) and then closes above/below their open. For instance, on a up trend, a IBGS is a bar that makes a Higher High and then closes below its open.

So, you're right to have doubts on your 1st bar, as it's not a IBGS (it's a spike bar = odd Harmonic).

If for instance that same bar makes a Lower Low too, that is an OB (as you know). OBs are a kind of IBGS also.

When these bars shows "Increasing volume", we consider the new color as the new dominant

Regards,
More...

The first circled one did make a lower low, then retraces almost the entire bar, and was on increasing volume. I saw it as ending the red traverse and starting the black retrace. So though it didn't quite tick above the close, it looked close enough.

Thanks for covering it - EZ :)
 
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