icarus i know that isn't how prv is done. that wasn't what i meant. the basic pv relation says 'if volume is rising, then price will continue...if volume is falling then price will change'. you get a PRV 10k 5 min bar when you see 1k accumulate in 30 seconds right...or 2k in 1 min...and so on. looking back, i see that volume 'was falling' so change was up mak, thank you, i now know i need to separate the prv data from the Red/Black issue. my orig. question comment is a mud pie, they usually are. there are so many things flying around in my head, it's hard to put words to them.
When looking back at a couple of illustrations as icarus has recommended, you will find that at the simplest analysis, the PRV value can be contrasted against the previous 5M bar. As a result, 30s into the new bar, you then have 2 bars for basing a V analysis, decision, and action if required. The 5M PRV projection whose value is contrasted against the volume of the previous 5M bar which had completed 30s ago. A PRV value which is greater than the previous 5M bar says V is incr. A PRV value which is LESS THAN the previous 5M bar says V is decr. Regards, MAK!
i actually had thought something along these lines before the open, thanks for putting it in words. so a > prv opposite. color of last 5m bar would indicate a more rapid reversal than say a < prv opposite. color of last 5m bar...esp. when it's reading above 10k.?
Perhaps it is just where I am at - but I am finding posts like Icarus' to be the most beneficial of them all. The scaffolding for learning and unlearning is critical for moving forward in any endeavor. Thanks Icarus - I wish someone had given me that advice when I was going through college. I wouldn't have wasted nearly as much time studying (haphazardly.) Regarding gaussians, a bunch of questions/thoughts bubbled up as I was reading these posts. Normally distributed...fractal...standard deviation...recursion... edit For calculating PRV, I like to take the volume of the last bar and divide by the various time frames I am interested in. This gives me milestones, so that at each time unit I only need to do a comparison of values (time, volume, milestone) as opposed to doing a calculation. A little more efficient for how I work. Anthony
Great suggestions... I need to do this for every item on the sweep doc, plus a lot of general trading topics. I'm amazed at how many hours I burn when researching topics through these forums and then end up chasing one tangent after another, never really getting to a deeper understanding of what I set out to find. Write down my questions and then go find the answers... what a novel idea.
Could someone elaborate on their view of sequencing signals with regard to Indicators. I am not clear on what Jack defines as sequences of signals. (coarse sweep - indicators) I am thinking that they should cycle through with price and volume but maybe this is not what is meant by the sequencing of signals. Any help would be appreciated. Thanks in advance.
To quote Steve Stills: "Tell me what does it mean? Is it like it seems?" Why is Jack not posting on this thread any more? Is he pleased, or disgusted?