AntiCre,Originally Posted by;

We are used to studying time-based bar charts in which the open is a set time. For example, on a one hour chart each bar begins and ends at the peak of the hour (xx:00). The purpose of the accumulative candles is to go back in time from the present. Consequently, if the current time is 12:15:36....then the only 1 hour bar of interest is the previous 1 hour. Consider it as the bar that ends at 12:15:36 (and begins at 11:15:36). Then a second later the only 1 hour bar of interest is the one that begins at 11:15:37 and ends at 12:15:37. So, the idea is that the CLOSE of the bar is always set to the current moment.

Thinking this manner enables one to constantly maintain the present. . .to only ever be thinking about the current data and not history. Now add multiple time....maybe a 1 hour bar, a 15 minute bar, a 5 minute bar, a 1 minute bar, a 15 second bar....all ending in the current moment. Now begin calculating the difference between the averages of all ticks that make up each of those bars. What's the average price of the 15 second bar? What's the average price of the 5 minute bar? What's the difference between those averages. Now plot that on a sign chart.

I have no thought about pi, perception, retinal formation, gaussian distribution, normal distribution. That is making matters much too complied for my tastes.