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Humble
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Postby Humble » Tue Feb 16, 2010 1:01 am

Chappy, do you find any benefit in using "range bars" as opposed to "time bars", ie is it working just as well for you on mt4?
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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dchappy
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Postby dchappy » Tue Feb 16, 2010 3:40 pm

Humble wrote:Chappy, do you find any benefit in using "range bars" as opposed to "time bars", ie is it working just as well for you on mt4?
Hey Humble ,

To my eye the range bars smoooth out the price movement .

This gets rid of the spikes and slow congestion areas . I think this gives a somewhat cleaner signal for entries ( If your signal is derived from some type of indicator cross )

However it is a subtle difference and maybe not that important .

The biggest disadvantage is that you must watch the range counter , because you never know when a range bar will close .

It's really just a preference that I've gotten used to, tf's work just as well ,, use whatever is most comfortable for you ..

Thanks for asking ........Chappy

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MightyOne
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Postby MightyOne » Wed Feb 17, 2010 4:22 am

dchappy wrote:
Humble wrote:Chappy, do you find any benefit in using "range bars" as opposed to "time bars", ie is it working just as well for you on mt4?
Hey Humble ,

To my eye the range bars smoooth out the price movement .

This gets rid of the spikes and slow congestion areas . I think this gives a somewhat cleaner signal for entries ( If your signal is derived from some type of indicator cross )

However it is a subtle difference and maybe not that important .

The biggest disadvantage is that you must watch the range counter , because you never know when a range bar will close .

It's really just a preference that I've gotten used to, tf's work just as well ,, use whatever is most comfortable for you ..

Thanks for asking ........Chappy


If I were using indicators to signal a trade then I would use range bar charts because they give cleaner signals.

[s]Alas[/s], I use both time & price...

shurikenspike
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Postby shurikenspike » Thu Feb 25, 2010 4:14 pm

range bars is very beneficial. This are particularly good at focusing on and clarifying movement.

Humble
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Postby Humble » Sun Feb 28, 2010 6:42 am

Thanks for the replies. I'm just looking at what Chappy is doing on this thread only I don't have access to range bars.

Image

Please excuse the mt4 chart on a ninja thread.
Is price closing higher or lower than something? Simple yet powerful question. ..MO

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dchappy
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Postby dchappy » Tue Mar 09, 2010 8:10 pm

Ha ha..It's OK Humble ..no descrimination against mt4 charts.

As you have seen time-frames work well with the semafor .

I've been using this macd as a trigger for a few months now..seems to work well .

It also shows divergence,with the price , very well.

Trade Well.......Chappy
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tmanbone
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Postby tmanbone » Tue Mar 09, 2010 9:40 pm

You might be interested in this MT4 MACD Indi; also found a OHLC Heikin Ashi indi; I like it because you can look at the candle and tell exactly where price is. Enjoy,
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Last edited by tmanbone on Sun Mar 14, 2010 11:06 pm, edited 1 time in total.
"The simplicity of the markets is it's greatest disguise"

T

jz166
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Postby jz166 » Sun Mar 14, 2010 9:52 pm

Hello everyone, I have been mainly trading e-mini these days.
Chappy, I am seeing you just pile up the pips.
good trading!

:)

jz166
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Postby jz166 » Mon Mar 15, 2010 4:30 am

anyone caught this move on Gold? just kidding. :D

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kcbnyc
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Postby kcbnyc » Tue Mar 16, 2010 1:01 am

jz166 wrote:anyone caught this move on Gold? just kidding. :D

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jz166 You use Chappy's setup?

v/r
Kirk

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