es/pip wrote:Ok now that I am somewhat on the same page as you
When does the count (0,00) start over/how long is the measurement good for----only the current bar?
If bars 0 and 00 do not effect the price action do you restart the count as the new bars form?
If the measurement of 0,00 does effect the price action do you still walk the count forward as new bars form?
Not sure I expressed that the way I wanted to ----if not clear, I will do it on charts
For TRO's mental health let us use 0 as the current bar, 1 as the prev. bar (0), & 2 as the bar before that (00).
The first thing before any other consideration is the breakout; the
breakout starts it all.
The range of 1 & 2 from the low (in the case of a high BO) pushes the line up if:
1. they are higher than the breakout line.
2. the price on the current bar touches that price.
The lines remain until they are either moved higher or the candle closes and there is another BO.
Again, It all starts with the breakout!
Outside bars are treated differently:
The breakout with the greatest Iperiod is the line that stays.
The 1 and 2 candle can then push that line further if the range
is great enough and price moves to that price level.
aside from that a new BO sets the next line.
This Dynamic trend is a combination of momentum and Dynamic Fibs S&R.