What is Reversal chart construction principle, what variables are responsible for that?

Modified on Mon, 12 Jun 2023 at 05:53 PM

Value— the size of pullback after which bar will be fixed and a new one starts toform (example 5)
Probe— minimum bar size after which a pullback can be counted (example 13)

Example:


In this chart construction the distribution of volume in a bar can be clearly seenas well as in what part of the bar the block with the maximum volume isconcentrated and most importantly, what reaction was to this volume, boost onvolume or reverse from volume.

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