• If this is your first visit, you will have to register before you can post. To view messages, please scroll below and select the forum that you would like to visits. Questions? Be sure to check out the Forum FAQ.

Announcement

Collapse
No announcement yet.

Partner 728x90

Collapse

PnF base period value

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    PnF base period value

    What does base period type and base period value have to do with anything?

    As I understand it, if I set a box size of 2 ticks, then the following applies:

    1. For every 2 ticks bid in price, a corresponding X is created.
    2. For every 2 ticks offered in price, a corresponding O is created.

    For a reversal to occur and a new column to appear, price has to reverse and close by 2 ticks. As an example:

    Price goes 18,20,22,24. (4 x's on my chart)
    Price goes back down to 22 (a new column is created and an O is printed.)

    Can you please explain how the 'reversal', 'base period type' and 'base period value' fit into this picture?

    Thanks.

    #2
    Hello,

    Thanks for posting.

    The Base Period Type and Value setting will determine the base from where the Point & Figure boxes are build. A base is required in order to start calculating what boxes and columns would be created out of the underlying price action.
    Drew O.NinjaTrader Customer Service

    Comment

    Latest Posts

    Collapse

    Topics Statistics Last Post
    Started by rouillard, Today, 03:34 PM
    2 responses
    13 views
    0 likes
    Last Post rouillard  
    Started by mquinteroj, Today, 02:41 PM
    1 response
    9 views
    0 likes
    Last Post NinjaTrader_ChelseaB  
    Started by JPPoulin, Today, 01:32 PM
    4 responses
    15 views
    0 likes
    Last Post JPPoulin  
    Started by bltdavid, Today, 01:09 PM
    1 response
    10 views
    0 likes
    Last Post NinjaTrader_Kate  
    Started by pstrusi, Today, 12:50 PM
    2 responses
    8 views
    0 likes
    Last Post pstrusi
    by pstrusi
     
    Working...
    X