The Documents by Jack Hershey

Quote from Above & Beyond:

I spent a good part of my weekend searching ET for a document that Jack suggested I read...

There are far better ways to waste a weekend...
 
Jack.
If you have a moment I'd be grateful for clarification:
You refer to both a P3 bar and a P3 trough to calculate the delta.

The second comparison dealt with a volume difference measured from the trough at point 3
The secondtrough to peak measure is something
3. If the volume is peaking at less than the max volume from pt 1 to pt 2 and the volume difference going from the minimum trough @ pt 3
Take difference of two bars .... 8 minus pt 3 (bar 5).(bar 5 is the P3 bar)
Take the difference of two bars .... 18 minus pt 3 (bar 16) (bar 16 is the P3 bar)

Are you using the volume on:
the actual P3 bar, or
on the bar that creates a trough (be that shortly after the P3 bar) ?

Many thanks and kind regards
 
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