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question about volume chart

Quoting zoo
{quote} In fact, I have an indicator which can seperate the number of Bid ticks, and the number of Ask ticks in each bar. You might be surprised to see a down bar with a greater number of Ask ticks but happens all the time.
could you share the indicator, or give the name, thanks and have a good 2021
Uncertainty of the market must be embraced and accepted.
Quoting kette
Hidden
I want the clean chart only OHLC bar, the screenshot that you upload confused my eye. Does the platform has the type chart referring to post #19 ?
Quoting extjsjquery
{quote} I want the clean chart only OHLC bar, the screenshot that you upload confused my eye. Does the platform has the type chart referring to post #19 ?

sorry it was intended as an alternative
already deleted, not that you will go blind
Quoting extjsjquery
{quote} I want the clean chart only OHLC bar, the screenshot that you upload confused my eye. Does the platform has the type chart referring to post #19 ?
What you describe in post #19 is literally a renko chart.
It's bad luck to be superstitious
Quoting zoo
{quote} What you describe in post #19 is literally a renko chart.
I am familiar to renko bar which is based on price movement, but the bar chart what I described on #post 19 is different from renko bar.
they sometimes act the same outside the bar, but when the price hover WITHIN the bar, they act different.
suppose such situation,
minimum price movement unit =0.00001
current price=1.22000
renko setting=4
price quantity bar (which I named it on #post 19) setting=4
destination price =1.22008
from 1.22000 to 1.22008 have at least two kind of method,
one method
1.22000
1.22001
1.22002
1.22003
1.22004
---------- one bar
1.22005
1.22006
1.22007
1.22008
-----------two bar
in this situation, price quantity bar (which I named it on #post 19) act the same pattern with renko bar, they both formed two bars.
another method
1.22000
1.22001
1.22002
1.22003
1.22004
-------------- one bar
1.22003
1.22002
1.22001
1.22002
------------- two bar
1.22003
1.22004
1.22005
1.22006
-------------three bar
1.22007
1.22008
in this situation, price quantity bar formed three more bars, the forth bar is forming, however, renko bar still formed TWO bars.

the crucial diffrence is renko bar did not consider procedure, it only care open and close regardless of price hove up and down many times within the given setting, though it is based on price movement. because of this ,it will lose some detailed price retracement. so I find a improvment version of it
Quoting extjsjquery
{quote} I am familiar to renko bar which is based on price movement, but the bar chart what I described on #post 19 is different from renko bar. they sometimes act the same outside the bar, but when the price hover WITHIN the bar, they act different. suppose such situation, minimum price movement unit =0.00001 current price=1.22000 renko setting=4 price quantity bar (which I named it on #post 19) setting=4 destination price =1.22008 from 1.22000 to 1.22008 have at least two kind of method, one method 1.22000 1.22001 1.22002 1.22003 1.22004 ----------...
I see, what you describe now sounds like "Range Bars".
It's bad luck to be superstitious
Quoting zoo
{quote} I see, what you describe now sounds like "Range Bars".
the defination of range bar hide one rule that almost all of RB traders ignore. if keep the height(axis y) of pips, the width(axis x) of the bar have to be changed.
why? I will show you with the picture. please see picture 1.
Attached Image (click to enlarge)
Click to Enlarge Name: bar4.png Size: 19 KB

left range bar(abcd) and right range bar (efgh), right range bar has retracement segment ae. you will see there no problem according to the defination of range bar. but you should realize the close price of the left bar is point a, and naturally the open price of right bar is also point a. from a to e,j, would produce the width of ej ,because axis x has linear proportion relationship with axis y. traditional range bar lost the bar(aeji).
if you could not understand, and another method could convince you. please see
the picture 2 and picute 3.
Attached Image (click to enlarge)
Click to Enlarge Name: bar5.png Size: 14 KB
Attached Image (click to enlarge)
Click to Enlarge Name: bar6.png Size: 15 KB
if you keep the height of range, the width of the bar changed. unfortuanally, all the platform like mt4,ninja,etc does not support width-changed bar.
so , the price quantity bar (which I named it on #post 19) is the only way to be available. please see picture 5, keep the width(axis x ) and the height(axis y) will changed that platform support.
Attached Image (click to enlarge)
Click to Enlarge Name: bar7.png Size: 12 KB
Attached Image (click to enlarge)
Click to Enlarge Name: bar8.png Size: 20 KB
Quoting zoo
{quote} I see, what you describe now sounds like "Range Bars".
range bar seemed to be black box like renko bar.
suppose such situation
range bar setting=5 pips
price quantity bar (which I named it on #post 19) setting= 5
currnet price=1.22000
and then
1.22001
1.22002
1.22003
1.22002
1.22003
---------- one bar
1.22002
1.22003
1.22004
1.22003
1.22004
---------- two bar
price quantity bar formed two bars, while range bar still form one bar because it does not exceed 5 pips.
A tick chart where you can define the number of ticks in each bar. Similar to the one Mathtrader refered to in his post (#16).
It's bad luck to be superstitious
Quoting zoo
A tick chart where you can define the number of ticks in each bar. Similar to the one Mathtrader refered to in his post (#16).
but the tick of tick chart does not respond to the minimum pip of price movement, right?
one tick(tick chart) only a trade,1 tick may move 1 pip ,maybe 3 pips ,maybe 4 pips.etc
  • Post #33
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  • Last Post: Edited Jan 5, 2021 3:23am Jan 4, 2021 7:53am | Edited Jan 5, 2021 3:23am
Quoting zoo
tick bar does not necessarily .......................................(#16).
I found your post had been deleted just now. you said tick is bid and ask . yes , I know. however, bid/ask did not has linear proportion relationship to price. I wonder if I express myself clearly on former post or you do not understand correctly.
please see the picture below
Attached Image
Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: bar11.png Size: 35 KB

the bar chart is tick chart screenshot from the platform, and setting=1
a bar->b bar->c bar->d bar->e bar->f bar ....... is 1 tick
a->b move 1 pip (because 1.36778->1.36779)
b->c 1 pip
c->d 2 pips
d->e 2 pips
e->f 8 pips (because 1.36780->1.36772)
tick chart is different frome price quantity bar. tick chart need to be processed. for example , e->f should be split 8 bars to meet the number unit of price movement
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