here I introduce a new bar that I construct,------quantity bar.
What is quantity bar? quantity bar measure what price really move while tick bar measure change of price.
here give a example,
price 100, 90, 130, 150, price 120, 140,80, 110,
for tick bar, they are both 4 tick whenever what price move ,
but for quantity bar, they are 70 quantity and 110 quantity, because abs(100-90)+abs(130-90)+abs(130-150)=10+40+20=70,and abs(120-140)+abs(140-80)+abs(110-80)=20+60+30=110
hope someone could write this my cunstructed bar, I belive it is more readable.
What is quantity bar? quantity bar measure what price really move while tick bar measure change of price.
here give a example,
price 100, 90, 130, 150, price 120, 140,80, 110,
for tick bar, they are both 4 tick whenever what price move ,
but for quantity bar, they are 70 quantity and 110 quantity, because abs(100-90)+abs(130-90)+abs(130-150)=10+40+20=70,and abs(120-140)+abs(140-80)+abs(110-80)=20+60+30=110
hope someone could write this my cunstructed bar, I belive it is more readable.