Questions on candles and candle generation criteria...
Posted: 09 Apr 2007
This is for support:
In a 200 Point chart why do many of the candles not span 200 points? The same question could be asked on any Point chart really. Many candle spans fall far short of the Point criteria for the chart.
I'm convinced that the way MCFX handles session breaks is part or all of the answer. I'm also close to convinced that the way these Session Break Candles (SBC's) are handled is skewing and distorting the technical picture of the market and playing tricks with my counting schemes...
In an NN Point chart there should be NO CANDLES showing that have a span of less than or more than NN (excepting the current candle).
In a 200 Point chart why do many of the candles not span 200 points? The same question could be asked on any Point chart really. Many candle spans fall far short of the Point criteria for the chart.
I'm convinced that the way MCFX handles session breaks is part or all of the answer. I'm also close to convinced that the way these Session Break Candles (SBC's) are handled is skewing and distorting the technical picture of the market and playing tricks with my counting schemes...
In an NN Point chart there should be NO CANDLES showing that have a span of less than or more than NN (excepting the current candle).