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From that source, it is my understanding that an OUTSIDE bar qualifies as an up bar if it closes above the high of the previous bar.
Please see attached pic where your indicator did not print a swing high . . . I am wondering if this might be a bug in the indicator or if the interpretation of the Gann Rules is incorrect ?
Thx, Rick
rickr
Can you help answer these questions from other members on NexusFi?
Dear Dorschden,
Again let me thank you for myself and my many trading friends that have used PAS for a couple of years now for sharing your great indicator. Your new updates make a great indicator that much stronger and useful for our trading. We really like the PAS trend oscillator and its accuracy of trend swings it probably the most consistent that we have found and we find that it is usually a candle or 2 ahead of the the price action and the turn. We have been using it for about a week now and a question among some of us has come up as to how do we interpret the Volume numbers that are printed to the right of the PAS Vol oscillator when in the lower panel. Are these green and red volume numbers the current number of contracts in that particular swing trend and when do they reset. Also we are not sure how to interpret and use the current high and low lines that print near the base of the volume bars as they print. We would like to understand what they mean as they were written and any suggestions as to how you would use them to take and manage your trades would be helpful. Again thx for sharing an outstanding indicator now with an amazing oscillator. Please give us any additional information about what the volume numbers represent and how you are using them to trade. I look forward to your reply and also the next great additions that you are probably already working on to add to PAS.
, sorry for the delay getting back to you as I was unavailable for a while. They are the highs and the lows at the time of a change in direction from a proprietary indicator. They appear as a circle with a dot in it until the change in direction occurs then it changes to an "*".