isn't this an example? We have diminishing demand at the top or the rally. Picture the red bar at the top as part black vol and part red vol.
Seems to be, R/R, but I would need to see a bit more chart (context) to say for sure. I do know that anybody who is staying on the right side today must have this stuff down pat
that rally started 3:20 yesterday. See the chart link I posted previously or your chart for the larger picture.
if you go into detail turn by turn then it's more like SCT level, is it not? not only that we havn't even touch good old MACD and Stoc, stay tune.
nkhoi, Great gaussian graphics, it shows all the formations possible and was exactly what I was getting at regarding the B2B shift at a peak. The third formation is a B2B at the peak. Which suggests the trend has shifted from up to down as the next expected gaussian would be red rising (R/\B). I wasn't sure if that was an appropriate or correct interpretation as I was lead to believe that a shift always had to be between the gaussians at the trough. But having a shift at a peak is something I was seeing happen at times, B/\B. Ex of a typical shift from up to down: B/\RR/\B - the middle being the R2R shift. But I would occasionally see the shift as B/\BR/\B Thanks for clearing that up. - EZ
As others have mentioned is depends on the software, generally it's close to close. Today I had a bar where both open and close were the same price and lower than the previous close. It is a black bar on my screen and should be red. So there will be minor differences here and there but don't get hung up on them. That is why it's important to look a little loosely at times - at the price movement. I noted the discrepencies on the Tradestation chart attached. There was obviously some unique bar coding here. The important thing is the concept, the movement of price with regard to the volume.