Iterative Refinement

[romanus]

Quote from gucci:

I thought, that each traverse starts from 2 bars, but not every 2 bars begin a traverse.

The comment:
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Quote from Spydertrader:

Everything under the sun has a beginning and an end. What begins a Traverse? What creates a Traverse? What ends a Traverse? The market provides these answers.
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may be referring to the "trend" as a general concept, and not the actual physical matter in which tapes/traverses/channels are constructed using parallel lines. Since increasing volume at or after pt3 is not sufficient to consider a formation to be a traverse, something else as a qualifier creates the necessary condition. Don't ask me what it is, as I don't yet know. So my comment only meant as possible another vantage point of view.

 

[ljyoung]

Quote from Tums:

Is it a concept? or a Quantitative comparison?

from 20k to 30k is a 10k increase
from 30k to 40,001 is a 10,001 increase

from 20k to 30k is a 50% increase
from 30k to 40,001 is a 33% increase


... Someone can work out the Range Volume relationship.

;-)

Statisticians (particularly medical epidemiologists) are famous for making something out of nothing by using %ages, e.g., "There was a 50% increase in mortality after ... blah, blah" = 1/1,000,000,000 to 1.5/1,000,000,000. While true, it's really not as dramatic as what it originally sounded like. This comment may be viewed as a heuristic.

This dramatization, is not, IMO, what you are doing but rather what you are saying, suggests that what has been being discussed so far with respect to Peak Volume, while quantitatively, rigorously correct, is off the mark.
Thank you for the clarification as implied by the suggested remedy.

lj

 

[treeline]

Quote from Tums:

Treeline...

I am not implying you are wrong.
A one contract increase can add to the slope.

In my original example with Volumes of 20K, 30K, and 40,001, I was inadvertently describing an increase in velocity but a decrease in acceleration. I thought you were pointing out that error. An increase in velocity will add to the slope (make it steeper), but will not create an acceleration of the slope. To get an acceleration of the slope, we must have an increase in the rate of change when comparing the change from Bar 2 to Bar 3 with the change from Bar 1 to Bar 2. Only an increase in the rate of change will create an acceleration of the slope. I think that this is why Spydertrader had me rethink my original answer.

Quote from Tums:

I am trying to get people to think from all angles...

What about the range? Should it be in the calculation?

Am I correct in assuming that "range" refers to the High to Low range of the Price bars?

Edit: I see you used the phrase "Range Volume relationship" earlier. Perhaps you are suggesting we look at the relationship between the Price bar's High-Low range and the Volume for that bar. I will therefore put my efforts here.

Thanks.

 

[gucci]

Quote from romanus:

The comment:
------------------------------------------
Quote from Spydertrader:

Everything under the sun has a beginning and an end. What begins a Traverse? What creates a Traverse? What ends a Traverse? The market provides these answers.
---------------------------------------------

may be referring to the "trend" as a general concept, and not the actual physical matter in which tapes/traverses/channels are constructed using parallel lines. Since increasing volume at or after pt3 is not sufficient to consider a formation to be a traverse, something else as a qualifier creates the necessary condition. Don't ask me what it is, as I don't yet know. So my comment only meant as possible another vantage point of view.

Thanks romanus. This is a great example of taking a piece of information out of context on my part. My sloppiness.

 

[romanus]

Quote from Tums:

Treeline...

I am not implying you are wrong.
A one contract increase can add to the slope.

I am trying to get people to think from all angles...

What about the range? Should it be in the calculation?

This may sound totally crazy, but what if...

I mean, the rest of market signals are clear and unambiguous, decreasing volume is decreasing volume, OB or IBGS close where they suppose to, formation FBO closes inside the formation, etc.

So why peak volume should be any different in terms of clarity. If market shows peak volume, then it's always in such a matter that the differences in volume bar heights are strikingly discernable to see where Slope is accelerating and where it's not.

 

[TIKITRADER]

One thing that would begin a traverse and end a traverse has to be the first and last bar of that traverse.

The FTT of a previous traverse would begin a new traverse, and the FTT of the current traverse would end it, and begin the new one.

 

[ljyoung]

Partial quote from treeline: To get an acceleration of the slope, we must have an increase in the rate of change when comparing the change from Bar 2 to Bar 3 with the change from Bar 1 to Bar 2.

Partial quote from Tums: from 20k to 30k is a 10k increase
from 30k to 40,001 is a 10,001 increase

Patial quote from Tums again: I am not implying you are wrong.
A one contract increase can add to the slope.

We are not going from 0K to 20K in our calculation of slope, at the very least because the volume prior to 20K was not 0, start of the day aside. The range is the volume range, so if it went from 20K to 30 K, a 50% increase, then to be > 50% the volume on the third bar must be > 45K, which is what treeline has just said. The question would seem to be, IMO, how much more than 50% does the increase have to be. Is 50.00022222% enough? I don't know but what we do appear to be talking about is the "%age increase" in the slope and not the "absolute increase" in the slope.

lj

 

[gucci]

Quote from ljyoung:

We are not going from 0K to 20K in our calculation of slope, at the very least because the volume prior to 20K was not 0, start of the day aside. The range is the volume range, so if it went from 20K to 30 K, a 50% increase then to be > 50% the volume on the third bar must be > 45K, which is what treeline has just said. The question would seem to be, IMO, how much more than 50% does the increase have to be. Is 50.00022222% enough? I don't know but what we do appear to be talking about is the "%age increase" in the slope and not the "absolute increase" in the slope.

lj

My simple and sloppy mind is willing to take a wild guess and say, that things start getting much more complicated, than they really are.

 

[Mr_Black]

So far

 

[gucci]

Quote from Mr_Black:

So far

Simple, isn't it? Congratulations.