(binned per thread starter’s request) quantity bar constructed -

here I introduce a new bar that I construct,------quantity bar.

What is quantity bar? quantity bar measure what price really move while tick bar measure change of price.

here give a example,
price 100, 90, 130, 150, price 120, 140,80, 110,
for tick bar, they are both 4 tick whenever what price move ,
but for quantity bar, they are 70 quantity and 110 quantity, because abs(100-90)+abs(130-90)+abs(130-150)=10+40+20=70，and abs(120-140)+abs(140-80)+abs(110-80)=20+60+30=110

hope someone could write this my cunstructed bar, I belive it is more readable.

Why do you sum and loosing the indicating output ?
As one tick Change can cover other changes and you will loose overall view of slope.

This formula just looks like change in time to me.

Checking last 4 ticks. But why do you sum it just like that which doesnt make any indication with the value.

Long time ago my team mate created similar one but not for ticks.. Good indicator for momentum.. But it have a missing piece.. This is why you will loose the view of the slope at the end
same quantity value will be valid for different slope patterns and it will lead unpredictable output most of the time because different scenarios going to be involved for the same quantity value..

The moment you sum, You are loosing the view of the slope.

100 120 140 160 = 60
90 85 115 140 = 60
are definately not same thing

But you catched a tail , Play around with it maybe one day will flash up

Onteesting idea! Thee is an imdicator that makes similar thing to what you say. It calculates + and - valurs separately. I enclosed the imdicator.

I have to say that I have not clarified clearly in post 1. In fact ,quantity bar is a little like renko, but the former one consider the activity procedure while the latter one did not. please see picture 1. Quantity bar is real price bar.

hmm i still dont get the logic behind your quantity bars. Can you explain more with charts please.