What does the One Step Back Building option mean?
One Step Back is a way to build 1-box P&F charts, which is an important component of the Wyckoff chart analysis method and helps P&F chart analysts see patterns more clearly.
In the usual construction method, figures indicating a change in price in the opposite direction are always drawn in a new column. In the picture below, these are figures O (1) and the lowest figure in column X (2).
![](https://s3.amazonaws.com/cdn.freshdesk.com/data/helpdesk/attachments/production/43117892019/original/SFeauGC2RiLdhRr6PKl08LUNJNVvX_5ZUw.png?1584635956)
Let’s consider the One Step Back building process. If there is only one figure in the current column (O (1) in the picture), and a new figure is formed that indicates the price change in the opposite direction (in the picture this is the lowest figure in column X (2)), then this new figure is not built in a new column, rather the current one. Thus, figures X and O can be combined into one column. Keep in mind that there cannot be less than two figures.
![](https://s3.amazonaws.com/cdn.freshdesk.com/data/helpdesk/attachments/production/43117892238/original/tMFOaIIXdac6ne6yZ-_Oe9LPL01QIDRTgw.png?1584635998)
You need to set Reversal Amount = 1 and enable the One Step Back Building option to use this method on a P&F chart.
![](https://s3.amazonaws.com/cdn.freshdesk.com/data/helpdesk/attachments/production/43117892416/original/ZzJ8D9vQP92Lzim2DtBHA1Lh44Y2M3ph3g.png?1584636034)