Thanks for the effort workwithus, but bar-by-bar degap is not for me. Not to be confused with mental degap of a session opening gap, which was not applicable on 12/24. For those unfamiliar with degapping it might be helpful to explain how degapping affects EACH previous bar and maybe show a few hi and low differences vs the actual price chart. Knowing why bar-by-bar degapping is recommended might also be useful.
Do we agree on this? Bar 1: XB, use volume Bar 2: XB, use volume Bar 3: XR, use volume Bar 4: XR, use volume Bar 5: XB, use volume Bar 6: Hitch, wait Bar 7: XB, use volume Bar 8: Hitch, use volume Bar 9: Lat3, wait Bar 10: XB, use volume Bar 11: XB, use volume Bar 12: XB, use volume Bar 13: FBP, wait Bar 14: Lat3, wait Bar 15: XR, use volume Bar 16: XR, use volume Bar 17: Sym, wait Bar 18: XB, use volume Bar 19: FTP, wait Bar 20: Lat3, wait Bar 21: Lat4, retro Bar 22: Lat5, retro Bar 23: Lat6, retro Bar 24: Lat7, retro Bar 25: OB, use volume ....rest later. Next volume test procedure.
Does not match my 12/24 log. Maybe I have an out-sized price-case identification problem, but I don't feel that to be true. "retro" otoh, I have not seen discussed in this thread, perhaps I overlooked, and it is not listed in Hero's glossary last I checked.
Before we can go any further to what Jack posted, the price cases have to be correct and the question which volume bar can be used or not for the volume test procedure. The first disagreement is on bar 6. Bar 6 to you is a XB. But what do you get if you remove the gap between the close of bar 5 to the open of bar 6? In other words: Shift bar 5 up or down until the close aligns with the open of bar 6. What is the resulting formation (price case) now?
Why is it necessary to view an intraday price bar with a gap as something other than what it is? What is it about an intraday close to open gap, regardless of size that makes it undesirable? What is the purpose of adjusting the entire price bar, skewing at a minimum only that bars price range variables?
Quote Jack Hershey: "Degapping bar to bar is a requirement of RDBMS. Fractals have their place. To see them correctly, degapping must be done before the observation is made." I will leave it to Jack to justify (explain) it (the reason "why").
I see what you mean. On his original "A-band sheet" he says: "Band pass = LVBO" "First P1 replaces T1" "Happens when P2 assigned on bar 78 before T1 occurs"
Post #4 of this thread touches on why we do this. Also, I tried to put it into the definition of De-Gap on the Glossary as well. "The mental process of removing any gap in price between one bar's close and the following bar's open. Used in order to correctly compute the relative change in price between the two bars."