Mira wrote:MightyOne wrote: Can a range expand upwards if it is below the midpoint of a bar?
Hi MightyOne!
I know, you told this several times but I can't get this Truth.
Is range referred to the current bar and midpoint to the previous one? (Or am I saying weird things? )
Thank you much for your patience.
Range refers to the current candle, my friend
The high, low, and midpoint of the current candle
When a new candle starts, all are at the same place
When a new candle starts, the open and midpoint are at the same place!
In order for PA to make a new high, it must first be above the midpoint
In order for PA to make a new low, it must first be below the midpoint
If you wish to define your range by something other than the current candle, you can do that as well, just be consistent with it.
But I assume you are using the range of a *current* higher timeframe candle, and trading with that bias, on the lower timeframes.
((MightyOne has his own post describing this, but I can't search it up now.))