Defining the balance area is subjective and can vary depending on the individual. I personally do not have any specific criteria for determining it, so whether it's referred to as a 2-day balance or a 4-day balance is ultimately up to interpretation. My interpretation is that we have a 4-day balance, so that area needs to break in order for me to call it One Time Framing Up/Down again.
I'm curious about how to define balance. If the OTFD on 4/5 ended, does that mean 4/5 through 4/6 count as 2 days, or should I include 4/3 and 4/4?
Defining the balance area is subjective and can vary depending on the individual. I personally do not have any specific criteria for determining it, so whether it's referred to as a 2-day balance or a 4-day balance is ultimately up to interpretation. My interpretation is that we have a 4-day balance, so that area needs to break in order for me to call it One Time Framing Up/Down again.
how do u compute the VIX range? just by percentages off the levels??