[Tradewinds]

Price can do all sorts of things intrabar. Staring at a static chart will not tell you what the price behavior was intrabar. One way to analyze intrabar behavior would be to do a tick by tick forward test with actual ask/bid price replay.

But if your platform can't do that, or you can't, or don't want to program a strategy for testing, there is another way to analyze intrabar price behavior. Record your chart in a video as real time data is streaming to your computer.

I use BB FlashBack Express Recorder.

http://www.bbsoftware.co.uk/BBFlashBackExpress.aspx

"Free to use forever!"

You can pause the replay, move backwards, and replay at slower speeds.

[UrmaBlume]

Here is a lot easier way. This software works on volume charts and is part of a package.

The middle percentage is how near the bar is to completion. It 3k have traded in a 6k bar the number would be 50%. The top red number is the percentage of the volume that has already been done inside the bar that is selling/on the offer and the blue number at the bottome is the percentage of buying volume in the bar so far.

cheers

UrmaBlume

[Tradewinds]

Originally Posted by UrmaBlume »

This software works on volume charts and is part of a package.

The middle percentage is how near the bar is to completion. It 3k have traded in a 6k bar the number would be 50%. The top red number is the percentage of the volume that has already been done inside the bar that is selling/on the offer and the blue number at the bottome is the percentage of buying volume in the bar so far.

Okay, so that bar is getting near completion, and there has been more selling than buying, and the low of the bar looks like it may have a higher low before it closes. I'm not sure what that means though.

[Tradewinds]

Originally Posted by UrmaBlume »

Here is a lot easier way. This software works on volume charts and is part of a package.
cheers

UrmaBlume

I'm using the video replay for strategy development. That software that you are referring to is already developed, published and offered to the public. I'm trying to use the video replay as a tool in data to price intrabar behavior analysis. That software won't help me study the data to price behavior that I am studying.

[UrmaBlume]

Originally Posted by Tradewinds »

Okay, so that bar is getting near completion, and there has been more selling than buying, and the low of the bar looks like it may have a higher low before it closes. I'm not sure what that means though.

At 7.9% the bar is no where near completion. Your original questions was about inside the bar analysis and this shows % of bar completion, current % buying volume and current % selling volume. What else where you looking for?

[Tradewinds]

Originally Posted by UrmaBlume »

At 7.9% the bar is no where near completion. Your original questions was about inside the bar analysis and this shows % of bar completion, current % buying volume and current % selling volume. What else where you looking for?

My mistake. The bar is only 7.9% complete. I got dyslexic there. I appreciate knowing of the availability of the program, and it looks like something worth looking into.

[Tradewinds]

I've been recording my practice trading session, and playing them back later to analyze what is going on. I think the video records at 9 frames per second, so I can play the trading video back, pause it, replay it, and play it at different speeds.

It's great for analyzing charts and price action compared to my indicators. In a static chart, the price and all the indicators show their status at the close of the bar, but with the video I can study what is happening at any second of the day.

[Tradewinds]

My strategy involves a lot of trades; exiting, and then re-entering trades in the same direction. In order to do this, I need to know intrabar price behavior. Looking at a historical chart, it may not be intuitively apparent what good exit and reentry points are on the same bar.

So after studying some recorded videos, I've decided that the center point of a price bar is a good reentry target if the bar has a big range, and my indicators show that the trend is still not approaching it's end. Also, if it's a downtrend, I want the bar to have had a lower low to consider exiting and reentering on the same bar. Vice versa for an uptrend. I don't want to try to exit and reenter on a retracement wave.

I want to exit before a retracement, and reenter during the retracement, but not exit and reenter during the retracement. There's a difference.

If the bar was short, and I exited, I'd want to reenter on a close in the opposite direction of the trend on the next bar.

So I'm going to program something into the price bar and/or an existing indicator to show when the hl2 is hit in the opposite direction of the trend direction. A close up, or a close down, higher highs and lower lows are obvious, but price behavior intrabar may not be intuitively apparent. Candlestick patterns define price behavior with bar patterns, and take into account intrabar behavior by looking at the different bar configurations. But even so, that analysis may be done after the bar is closed. I'm looking for price behavior patterns before the bar has closed.