As I don't use Wyckoff's method of one-point reversal, I did not program it that way. Could you please explain the rule in details so that I can ammend it that way?
Hello Rajib. A WYckoff One Reversal Chart only changes column if an entry in a box would be drawn over. There must always be at least Two boxes Filled in a column before you change direction.
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TREND REVERSALS
"Vertical columns are used to include the price movements in one direction, up or down, until a reversal develops."
Fine So far ! But then this qualification
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"When a reversal does develop and we require a symbol to be placed in a square that is already occupied, it is necessary for us to move over to the next immediate adjoining right-hand column.
After the first figure is recorded in a new column, we may proceed either upward or downward from that point, but not both.
We must be especially careful to note that in every case we must have more than one symbol in a vertical column."
"The Wyckoff Method, named after the late Wall Street legend Richard D. Wyckoff, is a special type of point & figure chart.
It uses a single box reversal instead of the more common three point reversal. It also varies from the standard point & figure chart because it can contain both X’s and O’s in the same column. This will occur whenever there is only a single entry made in a column.
For example if we had a single X in a column followed by 3 O’s, the O’s will be displayed in the same column as the X.
In a Wyckoff chart there must always be more than one entry in a column."
So a column could have a X with one or more Os or an O with one or more Xs.
I hope that is clear. If that is your program Rajib. I thank you.
Hi Motorway,
ReplyDeleteAs I don't use Wyckoff's method of one-point reversal, I did not program it that way. Could you please explain the rule in details so that I can ammend it that way?
But nice to see you using my program.
Regards,
Rajib
Hello Rajib. A WYckoff One Reversal Chart only changes column if an entry in a box would be drawn over. There must always be at least Two boxes Filled in a column before you change direction.
ReplyDelete-->
TREND REVERSALS
"Vertical columns are used to include the price movements in one direction, up or down, until a reversal develops."
Fine So far ! But then this qualification
--->
"When a reversal does develop and we require a symbol to be placed in a square that is already occupied, it is necessary for us to move over to the next immediate adjoining right-hand column.
After the first figure is recorded in a new column, we may proceed either upward or downward from that point, but not both.
We must be especially careful to note that in every case we must have more than one symbol in a vertical column."
"The Wyckoff Method, named after the late Wall Street legend Richard D. Wyckoff, is a special type of point & figure chart.
It uses a single box reversal instead of the more common three point reversal. It also varies from the standard point & figure chart because it can contain both X’s and O’s in the same column. This will occur whenever there is only a single entry made in a column.
For example if we had a single X in a column followed by 3 O’s, the O’s will be displayed in the same column as the X.
In a Wyckoff chart there must always be more than one entry in a column."
So a column could have a X with one or more Os or an O with one or more Xs.
I hope that is clear. If that is your program Rajib. I thank you.
Motorway