charts for the scallywags, page-189

Hi Bones,

I expect I might have some problems with them, at least to begin with.

I don't even know what they are, what they are for, or how to use them.

I'm still a learner on Excel really.

I'll have to Google it.

I changed the wave chart a bit today,

and changed the sensitivity and the criteria for the up and down wave's a bit today.

To determine an "upbar or wave" I am using "a close higher than the previous days close", and if that is not true, "a close higher than the two day low", otherwise a down wave begins.
Or put another way, if a daily bar closes lower than the two day low, a down wave begins.

I also had a play with trying to make a sentiment indicator today, it is based on bullish and bearish volume.
(I made a formula with seven "IF" statements within it, and it worked first time !!)
I actually would have liked to use a single bar, across the chart that changed colour per day, but I couldn't find a chart that would do that.

Still playing with it though, so it might change a bit yet.

Have a look

cheers

XJO Daily (up to yesterday)