### introduction

Seasons greetings crypto academy as the year is starting I wish all those who are reading this a very beautiful 2022 and answers to your private
intentions. Most especially I pray for my prof @sachin08, thank you so much for all you have done for us last year.

The topic of this week talks about special bars which are a form of price interpretation, it's been a very unique and fascinating topic as it is not something you encounter everyday, as prof of my understanding I would be attempting the following questions.

1.Explain Price Bars in your own words. How to add these price bars on Chart with proper screenshots?

#### process of inputing price bars

When you open your trading view for the first time, prices are represented in the form of candle sticks.
In order to to change it to the special bar we would take the following steps

First thing we need to do is to click on the candle stick image which is indicated with the arrow above.

After clicking on the image indicated, we then click on the bar icon this would change the price representation from candle sticks to bars.

After all the steps are taken we would get the image above where the prices are represented with special bars.

#### what are price bars

Price bars are a special form of price representation which represents prices with bars.
This bars when analyzed closely give a detailed information of price action within the duration of time.
The bars just like candle sticks can be printed on various time frames which represents the price action within such period.

Characteris of special bars
Special bars can be identified from the following features

opening price of the market
The opening price is represented by a horizontal line to the left of the bar.

The closing price of the market
The closing price is represented by a horizontal line to the right of the bar.

The highest point
The height point of the bar is represented at the top of the bar.

The lowest point
The lowest point of the bar is represented by the bottom of the bar.

### Types of bars

##### Bullish bars

A bullish bar is a graphical representation that shows that price is going up. It represents a situation where by the price closed higher than it open.

A bullish bar can be determined by

The close price in respect to opening price

Bullish bars can be identified by looking at the opening price in respect to the closing price.
Bullish bars the opening price is below at left while the closing price is above at the right.

The color of the bar

Bullish bars are usually green and white they can be changed due to your preference but most often than none they are green or white for easy identification and understanding of charts.

##### Bearish bar

A bearish bar is a graphical representation of price action within a duration of time which illustrates that the sellers are in control of the market.

A bearish bar can be determined by

The close price in respect to the opening price.

The opening price is usually above the closing price which indicates that the price went down during the duration of the bar.

The color of the bar.

Bearish bars are usually red or black in color. Though they can also be changed just like the Bullish bars but for easy understanding they are left as red or black by most traders.

2.How to identify trends using Price Bars. Explain for both trend. (Screenshots required) ?

Trends
This is the direction in which the market is moving towards often than not we find out that each crypto pair moves in a specific direction that is either up or down. Hence they are two types of trend in any market an uptrend and a down trend.
The situation where by the market is neither in an uptrend nor a downtrend could be called a consolidation period it would be best for any trader to aviod trading during such periods as they are tricky to anticipate the direction and could easily lead to loose of financial assets.

Identifying an uptrend.

An uptrend this is a situation where by the price is going up and making new higher highs and higher lows .
Knowing how the market moves we understand that when the price goes up it would need to come down before going up. So therefore in an uptrend the price doesn't go all the way up it would need to come down, it goes up it waves making higher highs and higher lows.

Higher lows

high lows this is when price comes down after going up, it should be higher than the previous lows. Hence the term higher lows indicating that the new lows that would be formed should be higher than the previous low. This indicates that the price is going up and in an uptrend.

Higher highs

Higher highs on the under hand is a situation where by after the price goes down it comes back up to reach a new point which was higher than the previous point by so doing, this indicates that the market is in an uptrend. The inability of the market to make a higher high signifies that the uptrend is not strong and a reversal is likely.

From the chart above we can see the price making higher lows and high highs this indicates the price is on an uptrend.

identifying a downtrend

A down trend this is a situation in market whereby the sellers are in control of the market, what this entails is that the price of such an asset would be decling.

Knowing the market moves in waves we do not expect the market to fall continuously down we expecte a wave like movement which sees the market making lower lows and lower highs
A downward trend consist of the lower lows and lower highs.

Lower highs

This occurs when price goes down for a bit but after going down it attempts to come back up but doesn't reach there previous high it attained before falling. Hence the new high is lower than the previous high. When the market creates lower highs it's an indication of a downward trend.

Lower lows

This occurs when the price goes down below the previous low hence making a new low. By so doing the price has goes than lower than it has gone before indicating that the market is in a down trend.

From the chart above we can see clear indication of the price making both lower lows and lower highs with this we can see that the trend of the market is on a down trend.

3.Explain the Bar Combinations for Spending the Day inside for both conditions. (Screenshots required).

The bar combination for spending the day inside involves two bars where by the first bar engulfs the second bar totally.
Both the highs and lows of the second bar can be seen within the first bar.
Spending the day inside represents a period of consolidation where by the price is indecisive as to which direction to go both buyer and sellers are present hence the bar is unable to pull higher or lower then they previous bars.

From the image above we can see a scenario where by a bullish bar is engulfed by the previous bearish bar, we notice in the image above that both the highs and lows of the second bar is within the first bar this satisfies the condition for spending the day inside.

From the image above we can see a situation where by a bearish bar is completely engulfed by the previous bullish bar. We can see that both the highs and lows of the bearish bar is within the bullish bar. This satisfies the condition for spending the day inside patter.

Summary.
From the images above we can see that the spending the day inside can occur both ways and they represent a period of indecisiveness amongst buyers and sellers.

4. Explain the Bar Combinations for Getting outside for the Day for both conditions. (Screenshots required).

Getting out for the day this is a pattern which can be seen using the price bars, where by the new bar which is formed is able to make a close above or below the previous bar. What this entails is that if the previous bar closed at \$10 and the new bar closes at \$13 you could see that the price has closed outside the previous bar indicating that the price of the commodity is going outside the previous close.
Spending the day outside can be seen in the following situations

From the image above we can see the a bearish representation of getting outside for the day.
In the chart above the price of the second bar closed lower than the price of the first bar indicating that the direction during the duration of the bar was bearish it also indicates that they are more sellers in the market than buyers as the price has gotten to a new low(lower low) which is one of the conditions of a downward trend.

From the image above we can see bullish representation of the getting outside for day.
In the chart above we can see the price of the second bar close higher than the previous bar this indicates that the market is bullish during the duration of the bar.

5. Explain the Bar Combinations for Finding the close at the open for both conditions in each trend. (Screenshots required).

The open at the close situation which can be seen using the special bar, where by a new bar opens at the exact price in which the previous bars close.
It could be seen in both the bullish and bearish market and it indicates that trend is strong and flowing smoothly.
Below we would look at situation where by price opened at the close of a previous bar in both bearish and bullish market.

From this image we can see that price is on a downward trend and looking closely at the highlighted area we see that the bars opening at the exact point in which the previous bar closes.
This indicates strong price movement and continuity

From the image above we can see that the price is on an uptrend , Looking closely at the highlighted area we see that the bars are opening at the exact areas in which the previous bar closed at.

Summary:
The open at close price can bee seen on during both and uptrend and during the event that they do occur during the trend it indicates that the price is trending smoothly.

All screenshots are taken on my device

#### Conclusion

Understanding the special bar combination would prove very valuable tool in the arsenal of any good trader as they give a special interpretation to price which we ordinarily won't see on the candle stick pattern.

Thank you Prof I hope I have been able to answer all questions to your taste.

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