Got something more than you stating it to back that up?
Timeframe?
- Thread starter cashclay
- Start date
Price movement is driven by time and rate of change over time. The most important time frame is all of them, because it is the only way to tell when rate of change of either time frame is reversing (or not reversing), thus affecting the reversal (or continuation) of prices, which is being driven as a function of price movement over respective time frames.
Last edited:
that's what everyone thinks but that is completely wrong - time has nothing to do with price at all.
man has associated time with price as a lazy way to track price but it's completely wrong .
I've never heard anyone say that before and would love to hear from anyone that's said something even remotely close. It's 100% from my own analysis and unique trading approach learned and developed over decades (not to say others haven't figured that out as well.) There is nothing lazy about it and quite the opposite, it's extremely complicated and challenging to incorporate so many time frames. You're welcome to share your analysis and/or reasons for your unusual conclusion though.
Last edited:
Why do you contradict yourself and waste people's TIME?
https://www.elitetrader.com/et/threads/whats-the-point-of-tape-reading.376901/page-4#post-5886776
read and learn >
ChatGPT
Range bars, which are a type of non-time-based charting, can be used to consider the concepts of velocity and acceleration in trading. Range bars are based on price movement and are completed when the price has moved a predefined range.
Velocity with Range Bars:
Velocity in the context of range bars could be defined as the rate at which new bars are formed. For example, if each range bar represents a $1 movement in price:
- If 10 range bars are formed in 100 trades, we could say the velocity is 0.1 range bars per trade.
- If later 10 range bars are formed in 50 trades, the velocity has increased to 0.2 range bars per trade.
Acceleration would then be the change in velocity over the number of trades:
- If the velocity changes from 0.1 range bars per trade to 0.2 range bars per trade over 100 trades, we could say there is positive acceleration.
- Conversely, if the velocity slows down over a certain number of trades, that would indicate negative acceleration.
Let's say each range bar has a range of $1. You notice the following:
- From 9:00 AM to 9:30 AM, 20 range bars are completed, indicating strong movement.
- From 9:30 AM to 10:00 AM, only 10 range bars are completed, showing a slower movement.
- The market showed a velocity of 0.4 range bars per minute (20 range bars / 50 minutes) from 9:00 AM to 9:30 AM.
- The market velocity decreased to 0.2 range bars per minute (10 range bars / 50 minutes) from 9:30 AM to 10:00 AM.
In practice, traders using such concepts would likely create indicators or algorithms to automatically calculate and visualize velocity and acceleration based on their specific trading rules and definitions. These metrics could then be used to make trading decisions or to inform other aspects of their trading strategy.
As I posted in the other thread, which you seem oblivious to the fact, without time there is no velocity or acceleration. And as you can read yourself, this discussion you posted uses these terms quite a bit:
Velocity = distance/time
Acceleration is the rate of change of velocity.
I think where you're confusion lies is that you are looking at range bar velocity and acceleration and not price movement acceleration. Yes they are different, but that said, both are equally time-based and calculated in part using the change in time, as velocity and acceleration are still involved.
Velocity = distance/time
Acceleration is the rate of change of velocity.
I think where you're confusion lies is that you are looking at range bar velocity and acceleration and not price movement acceleration. Yes they are different, but that said, both are equally time-based and calculated in part using the change in time, as velocity and acceleration are still involved.
Last edited:
please say no more on this subject.
However, there are scenarios where you may be interested in the rate of change of a variable without explicit consideration of time. For example:
- If you're calculating the percentage change in the price of a product from one year to the next, you're measuring the rate of change in the price without specifying a time frame.
- In mathematics, the derivative of a function at a point provides the instantaneous rate of change of the function at that point without requiring a time component.
Use Tick charts or Renko to figure out Price Levels.