Technical Question about Candlestick Bar ?

Discussion in 'Technical Analysis' started by TradeTune, Dec 30, 2020.

  1. %%
    THAT;
    + on an ipo like that [dash]most all trends are down so that overweighs any open or close\ 1 minute bar.
    First glance\ looks simply like a bid\ ASK SPREAD\BUT DONT KNOW THAT ONE...............................................................................................................................
     
    #21     Dec 31, 2020
  2. SunTrader

    SunTrader

    Is there something about that 2nd particular 60 minute bar that interests you because the succeeding 5 bars went nowhere, basically?

    Anyway as others have commented many platforms can be coded to color bar to emphasize which order high and low were made.
     
    #22     Dec 31, 2020
  3. tomorton

    tomorton

    When the completed bar you're interested in is effectively a doji, I can't see how knowing whether the high occurred before the low is of great value. The idea that it is important suggests too much of a simplification of price action through the bar's time period - such as for example price rose from the open to the bar's high, and then fell to the bar's low and then recovered to the close near the open. In reality, its quite possible that price made an intermediate high and then an intermediate low and then another slightly higher high and then another slightly lower low and so on ad infinitum through the bar period. Since this possibility can't be excluded, how valuable is the eventual sequence of high/low?
     
    #23     Jan 2, 2021
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