There are only 6 total ways to analyze an individual bar:
- High - Low
- High - Open
- High - Close
- Open - Low
- Open - Close
- Low - Close
(4C2 for those who remember combinations)
First off, can any of the above be removed because it's too redundant?
As for the total number of characters...
- A
- B
- C
- D
- E
- F
- G
- H
- I
- J
- K
- L
- M
- N
- O
- P
- Q
- R
- S
- T
- U
- V
- W
- X
- Y
- Z
- a
- b
- c
- d
- e
- f
- g
- h
- i
- j
- k
- l
- m
- n
- o
- p
- q
- r
- s
- t
- u
- v
- w
- x
- y
- z
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 0
- ~
- `
- _
- -
- +
- =
- {
- [
- }
- ]
- |
- :
- ;
- "
- '
- <
- ,
- >
- .
- ?
- /
- !
- @
- #
- $
- %
- ^
- &
- *
- (
- )
We actually only have 93 characters.
Given the bar equations above, maybe there is some algorithm which we can use to classify the bars automatically? That would make our jobs a lot easier.