Custom chart type up down ticks

October 8th, 2020, 10:09 AM

Hello! Maybe there is already or who can help in writing a custom chart type? The idea is that an up bar (hi / lo) forms as successive up ticks appear and closes when an opposite down tick appears. A downward bar forms as successive down ticks appear and closes when an opposite up tick occurs. The idea seems simple, but I can't get my head around the programming language in Custom Resolutions Manager.
Thanks in advance!

October 13th, 2020, 03:52 PM

See if the following will work for you:

Set up point and figure chart with the following settings:

Box Size = .01
Reversal = 1
Interval= using 1 tick

With those settings I think you will get what you are looking for

October 14th, 2020, 08:29 AM

adamscheer

See if the following will work for you:

Set up point and figure chart with the following settings:

Box Size = .01
Reversal = 1
Interval= using 1 tick

With those settings I think you will get what you are looking for

I agree, a good solution, but the point and figure chart does not represent the real volume. This is the problem.

October 14th, 2020, 10:13 AM

That is true, but the problem you posed also does not represent the real volume since the direction changes with a tick in the opposite direction regardless of the volume associated with that tick.

Custom chart type up down ticks

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Custom chart type up down ticks