Lesson / WY-02-10
Swing magnitude usually means the absolute distance between endpoints. Net progress is the directional change from start to finish; in an endpoint-defined swing their numerical magnitudes may match, but neither equals the total path traveled between bars. Accumulate volume over a left-open, right-closed interval: exclude the preceding endpoint bar and include the current swing’s endpoint bar to avoid double-counting shared endpoints. Measure duration over the same boundaries using elapsed time or comparable trading periods. The k right-side bars needed for confirmation belong to the following process and must not be added retrospectively to the prior swing’s volume.
Course content is for learning and research only. It is not investment advice.
Read the Chapter ↗Timestamps
7 lessons · Chapter contents
01Swing Segmentation Rules and Observation Scale↗02Identifying Upward and Downward Swings↗03Magnitude, Duration, Volume, and Progress Efficiency↗04Comparing the Current Advance with the Previous Advance↗05Comparing the Current Decline with the Previous Decline↗06The Relationship between Advances and Reactions↗07Endpoint Confirmation, Future Information, and Repainting↗Observe the market: start with context and place price within its structure.
Understand structure: compare supply and demand, and let evidence support or revise your hypothesis.
Form a view: define risk limits and know when to reassess.
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A Fresh Look at a Single Candlestick
Understanding Volume
