Quoting GP2XDislikedYes, it's lower. But in your version, Bar 1 of the countdown also has a lower high than the low of 3 bars ahead, why it starts the countdown?Ignored
QuoteDislikedI've been looking over the latest TD sequential from you (btw check your pm's if you haven't done so already), and have a comment regarding the Intersection. For a buy Countdown to begin (after the 1-9 Setup is completed), Intersection must take place. Starting from bar 8 of the Setup, the HIGH of bar 8 must be greater than or equal to the LOW of 3 bars prior, or 4 bars prior, or 5 bars prior...all the way down to the first bar of the setup. If bar 8 doesn't meet this criteria, then we go on to bar 9 of the Setup and apply the same test. If bar 9 also doesn't meet the criteria, then we go on to as many subsequent bars as is necessary to see this Intersection happen. Only once Intersection occurs can we start the 1-13 Countdown process.
For instance, in the chart below, a buy setup is complete, but the intersection doesn't take place right away. The high of bar 8 is NOT greater than or equal to the LOW of bar 5, 4, 3, 2, or 1. We go on to bar 9...the high of bar 9 is also not greater than or equal to the low of bar 6, 5, 4, 3, 2, or 1. So we go on to the next one...and the next...and finally, two bars after bar 9 of the setup, the intersection condition is met. So it seems to me that the Countdown should begin at the bar located 3 to the right of setup bar 9.
The same concept would hold for a sell Countdown intersection, just in reverse. I'd appreciate any other input on this matter because intersection seems to be a pivotal requirement to the Countdown process. Best regards
Now it seems that aha is comparing two bars at once, with the "overlap" concept...for example the HIGH of either bar 8 OR bar 9 must be greater than or equal to the LOW of either bar 6 or any previous bar for a buy setup intersection to be met. If not, then compare the high of either bar 9 or bar 10 with the low of either bar 7 or previous, and so on. Is this correct? If so could you tell me of where you gathered this overlap method, I must've missed it. Best regards