If the user defines a CVB chart as 400 then all bars will be capped at <strike>no more than</strike> 400. moderator's comment: Strike = Edit See ProfLogic post below
If I set for example CVB @ 400 lot and also a simple volume indicator, I see clearly the every - and only after - 400 lots a new bar is begin created. Is this enough?
I think I understand your post, sorry. Each bar should be EXACTLY 400 contracts/shares traded. New bar should ALWAYS start at 400 +1.
and then sometimes...its very clear... <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2203114 width=800>
This is just a friendly comment. The person asked several critical thinking questions about a beautiful and elegant offering (Proflogic's ergo). With such classic indicator and its complementing the embedding of volume in price, you get to see, in time, by examining near term effects just what is going on in the market in one fell swoop. His 7's ratio nests every thing conveniently. I swing around 7 with similar numbers based of calendar keeper traditions. A histogram perfects the information from the market so you see the three ranges of consideration: inside of 10's and beyond the 10's as extremes. Making money eficiently is done on extremes where there is no signal otherwise. I envision the histogram even though it was not shown. I also envision the histogram's components though they are not shown. For me it is impossible to not see them since my mind is "embedded" with tooling that does the math automatically from its contributing elements of the raw data feeds (CVB's merge this stuff so the time axis is slugging out variable widths of time as the axis is annotated regularly every so many bars). Trading comes down to making segments of money as the money velocity is constantly stated to you (a rate of change of price) Here, elegantly, this is given to you ergoly by where the colored line is relative to the extremes of price (peaks and valleys). As a color change occurs (the prime mover for making money) you must follow the context of the scenery of price (peaks OR valleys as determined by color). You draw a line between two points and obey ONLY when it is propicious. Propiciousness comes from the ergo and its histogram. Extwining outside of the 10's means there is a rhythm of statistically insignificant variation that is not important relative to taking the segment of profits being offered at that combination of Price and Volume as integrated in the CVB. Divergence outside the 10's is a profit taking signal that tells you to end the segment and begin the next. This is happening at a rate of X trades per day as you see. Inside the 10's there is a message about making money. Calmly, you observe a longer period of time that includes before and longer before what you could see for that color. One color admonishes you to look at one side of the CVB's; the other color the other side. I drew in these instances by a probe from the inside color to the view of the chart side and just how the before and long before connection is made. If you look at the many 7's layers of the onion and do the same, you will see how the planetary aspects just how the market works. This lets you know that as you row your boat, you are not going to, ever, row off the edge of something flat. My code was built over a long time starting way before PC's and software, etc.... What is so pleasant about it is that it sees an elgant thing like what proflogic does and it is very enjoyable to annotate a few aspects that answer those cool and beautiful questions that arise from critical thinking. There used to be a shaving lotion that "smooth men" wore. Critical thinking is what smooth men do today. Great Q that allowed us to see the differentiation of the three times mentioned. If you code up those annotaed comments and these comments, it will achieve three things: 1. Keep you on the right side of the market. 2. Keep you in the market. 3. Eliminate any DD and allow for wash trades when necessary. To make money you just add contracts by compounding profits as they occur. Ergo stuff is one of the nice approaches that assures you will always be able to add contracts. Notice how it also eliminates anxiety, fear and anger. You always know where you are.
Very Good!!! Now you will begin to learn that through shear repetition of screen time and focusing on a particular chart that . . . IF You only trade when the chart is "very clear" . . . THEN You will maximize your profits . . . AND Minimize your losses.