I invented a new kind of bar, here I called it p bar (price bar).
the principle of p bar
if eurusd current price = 1.17453, setting = 10
then eurusd 1.17453-1.17454-1.17455-1.17456-1.17455-1.17454-1.17453-1.17452-1.17453-1.17452-1.17451
price bounce up and down 10 times
p bar measures the times of change of price
You will see p bar is likely tick bar, however, they are different. tick bar did not consider size, that means , for tick bar, 1 tick may 1.17453 to 1.17454, it also could 1.17453 to 1.17459 for 1 tick.
p bar is not like this , it bounce up and down every 1 PIP, that means, 1.17453 to 1.17454 or 1.17453 to 1.17452.
Hope some one could code this kind of bar.Thanks! I think it could improve your trading.
the principle of p bar
if eurusd current price = 1.17453, setting = 10
then eurusd 1.17453-1.17454-1.17455-1.17456-1.17455-1.17454-1.17453-1.17452-1.17453-1.17452-1.17451
price bounce up and down 10 times
p bar measures the times of change of price
You will see p bar is likely tick bar, however, they are different. tick bar did not consider size, that means , for tick bar, 1 tick may 1.17453 to 1.17454, it also could 1.17453 to 1.17459 for 1 tick.
p bar is not like this , it bounce up and down every 1 PIP, that means, 1.17453 to 1.17454 or 1.17453 to 1.17452.
Hope some one could code this kind of bar.Thanks! I think it could improve your trading.
