Also, can somebody explain me how to calculate "TRUE Range" for :
Selection of reference buy setup if multiple buy setups occur while countdown is underway:
Say, completed buy setup 1 (BS 1) is followed by another buy setup 2 (BS2)
1. If true range of BS2 is less than BS1, BS1 will be selected and CD will be based on that.
Note: true range of the setup will also include the additional bars that may occur after bar 9, say if the buy setup continued till bar 12, entire range of bar 1-12 will be considered and compared.
2. If true range of most recently completed buy setup say BS2 is more than true range of BS1 (but less than 1.618 times range of BS1), BS2 is considered as a reference for countdown to begin, any Countdown if started based on BS1 stands cancelled
As mentioned by Vivek in #162.
Thanks