TheStrategyLab.com Price Action Trading Support Forum http://www.thestrategylab.com/tsl/forum/ |
|
Question about Reaction High http://www.thestrategylab.com/tsl/forum/viewtopic.php?f=61&t=3463 |
Page 1 of 1 |
Author: | wrbtrader [ Thu Jul 06, 2017 1:52 am ] |
Post subject: | Re: Question about Reaction High |
kong28 wrote: Hello, I read your Reaction High definition and have some issue. You can see in an attached file. "Reaction High - Price action had a minimum of two consecutive Up intervals (each interval Close > Open) with higher closes before the reaction high and then price decline after the reaction high to produce a minimum of two consecutive Down intervals (each interval Open > Close) with lower closes." Does a minimum of two consecutive Down intervals needs to occur next to Reaction High bar or not (in the picture, it is not.) If it doesn't have to occur next to a Reaction High bar, how many bars should we check for two consecutive Down intervals On the other hand, a minimum two Up intervals has the same issue. Thank You, Kong Hi, The consecutive two Down intervals (each has their Open > Close) with lower closes does not need to occur next to the high bar as shown in the image example. You only need to check the intervals between the "suspected" is a reaction high to the breakout interval to see if the "suspected" reaction high has qualified as a reaction high. It doesn't matter how many intervals are between the suspected reaction high interval and the breakout interval. Mark |
Author: | kong28 [ Thu Jul 06, 2017 2:35 am ] |
Post subject: | Re: Question about Reaction High |
Hello, Another question is about Reaction High is about the bold phase. "Reaction High - Price action had a minimum of two consecutive Up intervals (each interval Close > Open) with higher closes before the reaction high and then price decline after the reaction high to produce a minimum of two consecutive Down intervals (each interval Open > Close) with lower closes." If the first down interval has close = 100 , high = 110 . The second down interval has close = 90 , high = 115. The close is lower than the first down interval ( valid condition ) , but the high is higher than the first down interval. Do we have to consider the high of the bar to be less than the first down interval to be a valid condition Thank You, Kong |
Author: | wrbtrader [ Thu Jul 06, 2017 3:09 am ] |
Post subject: | Re: Question about Reaction High |
Hi, In your simple example...the interval with the high = 115 would be the "reaction high" if there are other intervals higher than the 115. Thus, the requirement involves the comparison of the interval closes. Regards, M.A. Perry |
Page 1 of 1 | All times are UTC - 5 hours [ DST ] |
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group http://www.phpbb.com/ |