I think this was just covered in Spydertrader's exchange with Romanus: Quote from Spydertrader: In the previous example I provided, you have chosen to view the market as only providing signals at the end of the bar. Quote from Romanus: It is quite clear to me now that Jokari window is not intended to be applied at the ends of arbitrarily chosen time frames. Additionally, imho there are always several, even many, different channels at work at the same time. Particularly at times of transition (laterals, for example), price may "try on" different channels to see how they fit.
Indeed, this is key. Of course, the proper way for an algorithm to "see" the PV relationship at work would be to track price, tick by tick, up and down along with each ticks volume. It's not about volotility (or range) per se, but about distance traveled per unit traded. One could look at this using friction as a metaphor. I'm not at all trying to argue the concept. I, personally, don't understand how to visually extract this data which is burried in the bars in a real time way, if that makes any sense.
And with the addition of price pace perturbations (when looking at OTR charts) we get a bigger picture regarding our debriefing. and Off we go!
all different price shapes come from dis-balance or balance between market orders and density of bid/ ask
Stay out of the rabbit hole. What else, besides what has already been posted, do you know about this methodology. - Spydertrader