As I understand it, if I set a box size of 2 ticks, then the following applies:
1. For every 2 ticks bid in price, a corresponding X is created.
2. For every 2 ticks offered in price, a corresponding O is created.
For a reversal to occur and a new column to appear, price has to reverse and close by 2 ticks. As an example:
Price goes 18,20,22,24. (4 x's on my chart)
Price goes back down to 22 (a new column is created and an O is printed.)
Can you please explain how the 'reversal', 'base period type' and 'base period value' fit into this picture?
Thanks.
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