Timing on recurrent bars

Didn’t even really think about this one until recently, I believe because I was focused on something else. However now with the adapted style of needing (wanting) to know the differences of a bar being recurrent or transient, it’s nice to know.

This is tracking recurrent bars for h=24. If a bar is left side transient, but not fully transient, which bar makes it recurrent? (hours after the LST has appeared)

recurrent

As expected, nearly half(the majority) of the bars that are left side transient are made recurrent in the next hour. This is due to momentum being built, aka not just a single consecutive bar, but multiple. What’s more important to me atm is the extreme side. The odds spike down as time goes on; anything after 8 hours is really not too common.

 

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