TheRumpledOne
6,515 posts
msg #161788
- Ignore TheRumpledOne |
4/15/2025 11:25:55 AM
PASC - PRICE ACTION SCORE
Price Action
1) Price will either breakout of the high, low or both of the previous bar
2) Price will not breakout of the previous bar.
3) Price will either close above a level (line) or not.
There are 4 STATES the current bar can be in when compared to the previous bar:
1) HH - Higher High, Higher Low
2) LL - Lower High, Lower LL
3) HL - Higher High, Lower Low (Outside bar)
4) LH -Lower High, Higher Low (Inside bar)
Compare the current price to the previous bar's open, high, midpoint, low and close. Add 1 if close is above.
The highest possible PASC is 5.
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TheRumpledOne
6,515 posts
msg #161789
- Ignore TheRumpledOne
modified |
4/15/2025 11:27:53 AM
We can use change of STATE in analysis.
HOW?
When the STATE changes, that indicates buyers and sellers are "battling in a fight" and the tide has changed.
When the STATE doesn't change, there is a clear winner and a loser - price is either going higher or lower.
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