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Old 20-08-2014, 10:55 PM
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Default Anatomy of Reversal Bars

It is a while that I made a post here, but I would like a discussion evolving around this.

So what happens inside a reversal bar. Prices at a support/resistance/MP level. Reversal is immediate price rejection.

I am plotting a volume chart, the histogram shows the time in the bar, and the bars shows the volume traded at each price level. Yes it is foot print chart/volume ladder but total volume.

check the highlighted candle.

1. Time is comparatively lower for this candle
2. There is high volume at marked level and price closes below that level.

I think these represent an immediate price rejection and trading opportunities are present there.

What is your take ?


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Last edited by edakad; 20-08-2014 at 10:58 PM.
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Old 21-08-2014, 12:44 AM
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For such concentrated clusters, is it a wise idea to split it even more to see in detail whats happening in that high volume zone
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Old 21-08-2014, 12:23 PM
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Originally Posted by JJ View Post
For such concentrated clusters, is it a wise idea to split it even more to see in detail whats happening in that high volume zone

bid ask level
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Old 21-08-2014, 01:28 PM
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That would be too fast, I meant smaller volume chart or perhaps a reversal bar
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Old 21-08-2014, 04:47 PM
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Welcome back Edakad
but where is the apology for the long absence
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Old 21-08-2014, 08:39 PM
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Originally Posted by Sunshine View Post
Welcome back Edakad
but where is the apology for the long absence

apology ! now again
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Old 21-08-2014, 08:49 PM
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Welcome back dear Friend. I will take few days to understand this concept. So no comments. Will be happy to see comments of enlightened traders.
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Old 21-08-2014, 09:05 PM
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As far as my limited knowledge is concerned , a bidask box gives a clear picture , than a mere volume chart .
No personal experience but the videos of Market Delta . I hope you might have seen them too. If you are asking something other than that , I too wish to know about that .
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Old 21-08-2014, 09:41 PM
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Something very similar can be plotted in Amibroker , its the constant volume chart, and its very interesting.Yep, true foot print needs bid/ask data.but still the time spent on a particular volume bar depends on the urgency of the price , now here price can be reversive, can be initiative, depends on where it is relative to the POC.
I have found that big orders always look at their impact cost.
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Old 21-08-2014, 10:55 PM
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Originally Posted by NT View Post
Something very similar can be plotted in Amibroker , its the constant volume chart, and its very interesting.Yep, true foot print needs bid/ask data.but still the time spent on a particular volume bar depends on the urgency of the price , now here price can be reversive, can be initiative, depends on where it is relative to the POC.
I have found that big orders always look at their impact cost.

Biggest problem is that to get constant volume bars in Amibroker, you require reliable tick data. eSignal is the only source of reliable tick data into Amibroker. Terminal data feeders and other sources dont feed proper tick data into amibroker.

I have compared eSignal's tick data feed with other sources. I have noticed that in fast markets, when this kind of bar described by edakad happens, the terminal data feeders can miss out ticks which makes the whole bar look very different from what you can get with reliable tick data.

When you have eSignal, then you may as well use Ninja and get a proper footprint chart.

-- no1lives4ever
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