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Q: I believe that candle by candle analysis of market action gives superior information between bulls and bears. I just love the Dunnigan bar and color bands available in Ensign that shows higher highs and higher lows or lower highs and lower lows with its respective color.
Similarly I find the Encapsulation feature is valuable because it gives us a clear picture of how each candle price performance in the lower time frame is interacting with the next higher time frame by using the encapsulation time frame box as the next higher time frame for direction of trend, price behavior and support/resistance levels when viewing the chart showing multiple time frames in single chart. A: Encapsulation can be done with a DYO as in this example to show 60 min bars on a 5-min chart. 
Last modified 1/31/08 2:19 PM |