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Open Feature request MC-1552 » Open Feature request MC-1344

Reversal bars

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Description

I'd like to have the ability to plot reversal bars on MC.
Here is SierraChart reference for it:
A chart of this type has alternating up and down bars. A new bar is only started when prices reverse from the High of an Up bar by the specified number of price Ticks or the Low of a Down bar by the specified number of price Ticks. The specified number of Ticks is multiplied by the Tick Size of the chart and this is the actual value that the prices have to reverse by from the High or Low of the bar. The first bar will be either an Up bar or Down bar depending upon the direction of prices at the beginning of the chart. After the first bar, the bars will alternate between Up and Down bars.
This type of chart is very similar to a Point and Figure chart. It is a suitable replacement for that type of chart.

Steps to reproduce this issue

Feature request

Comments (1)
#0
user-offline.png  arnie (arnie)
May 28, 2013 - 13:36

Forgot to mention something.
This type of bar should allow cumulative delta and volume delta bars to be built on it.

History
Issue basics
  • Type of issue
    Feature request
  • Category
    Usability
  • Targeted for
    MultiCharts 12
  • Status
    Confirmed
User pain
  • Type of bug
    Not triaged
  • Likelihood
    Not triaged
  • Effect
    Not triaged
Affected by this issue (2)
People involved
  • Posted by
    user-offline.png  arnie (arnie)
  • Owned by
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  • Subscribers
    1 subscriber(s)
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Times and dates
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Issue details
  • Resolution
    Not determined
  • Severity
    Normal
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