Reversal Bars

Questions about MultiCharts and user contributed studies.
Maven
Posts: 7
Joined: 10 Jun 2009

Reversal Bars

Postby Maven » 10 Jun 2009

To Moderators:

I'd like to request consideration for adding as a Resolution a reversal bar where one can set it to any particular amount (I will use 8 for purpose of providing explanation in reference to ES emini). So, with an 8 tick reversal bar chart a new bar will not plot until the price has reversed from the high or the low of the bar by 8 ticks. This helps gauge the momentum of a price series and whether there is any significant pullback and when a particular momentum move may be exhausting itself.

I would really appreciate implementation of this.

Many thanks.

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TJ
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Postby TJ » 10 Jun 2009

you can do that through a study.

i.e. an indicator


MultiCharts is a very powerful platform, it can pretty well do any kind of analysis through its built-in PowerLanguage/EasyLanguage.


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