Samples
h=8
Timeframe=4H
This means 32 hour timespan for a zone to complete. There are 3 zones on this level of zoom.
If we zoom out, we get this: 14 visible zones. Do you notice anything about these zones? Most of the zones appear at the end of a move.
What if we decrease h to 6?
h=6, timeframe stays the same.
h=12, timeframe stays the same.
Let's summarise the obvious:
h=8
Timeframe=4H
This means 32 hour timespan for a zone to complete. There are 3 zones on this level of zoom.
If we zoom out, we get this: 14 visible zones. Do you notice anything about these zones? Most of the zones appear at the end of a move.
What if we decrease h to 6?
h=6, timeframe stays the same.
h=12, timeframe stays the same.
Let's summarise the obvious:
- transient zones can be one of 2 types: (a) End of Bar (b) Middle of Bar
- the number of TZs increase when we lower the value of h
- the number of TZs decrease when we increase the value of h
- the value of h is like a net that catches an appropriate amount of time for which to find extreme moves of price.
A pip is only worth it if you know how much you risked to earn it
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