GBPUSD MAY 29.2015, is down about 13 bars, counting from the first time the trend shown up. After 13 bars, it will reverse or sideways or continuing down.
Counting trend should be pointed from one closed position to another closed position (but not open, high or low position).
How do you count? Can you describe in more detail? Thanks!
SeremoniaFx
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Hi, it's complicated since i did it by using flux formula, and calculating flux deviation. But actually it's just half way, since i couldn't grab clear direction. I am working on it, so i could see direction just from the very first moment (at the beginning of the day) without waiting for half of bars as usual just to see the trend, but i couldn't currently. Need a lot more work. But for that "bars", perhaps later while i have time i am going to describe it on my blog. Thanks anyway :-)