P&F charts suck, don't use them...

[PebbleTrader]

"I have a feeling that its closer to 1.68

But yeah 2 is well rounded off I guess."

I used rounddown, I want to know what works almost every time

See:



It is the early warning

The average was 2.2, which would be a good number to use in this case.

[prochargedmopar]

Comparison of 5 pip renko and 5 pip II_2box reversal eu:

http://screencast.com/t/aXOxuNCnkk


Also the "other" PnF indy I found using 3 box reversal alert:
No offline chart required

http://screencast.com/t/NkDv1oGHaq22

http://screencast.com/t/ote1OLMZ8DW

[bredin]

To complete your comparison you should load the MA and the OsMA indicators onto the three P&F charts you posted

I havent got around to coding any alert indicators.... however there are newbar alerts already available that could go onto mine which would do the same job...

G.

[prochargedmopar]

ok, ok. IF I was trading indicators on the 3 charts shown, Insanity Industries wins hands down.
5/10 ema
12/26/9 MACD

Short the WHOLE way: 5 pip box
http://screencast.com/t/2RFqCztpKh0W

Up and down: 5 pip renko
http://screencast.com/t/ihMQQaoT

Something smells: look at the last 80 pip drop on the 3 charts, where is the closing bell's "wiggle" on this one??
http://screencast.com/t/fHAiQOxqrY

Knowing the box size of II's charts, seeing that every time price continues it goes X boxes in history, and then entering after the 2nd box........ You can 5 or 10 pip the HELL out of the market.
"Wait for a trade" LOL


EDIT:
My bad, If you set the II indy to (3) box reversal it looks exactly like the "other" version shown with standard "online" chart indy added.

http://screencast.com/t/Srf6PfGKT

[PebbleTrader]

Thanks for sharing your thoughts / findings prochargedmopar.

[PebbleTrader]

"Something I didnt mention in the other thread is that mine preserves the timestamps, thus leaving time available for analysis if desired." - Bredin

Bredin,

What do you mean preserves timestamps?

Please give an example of further analysis of time.

-----------------------------------------------------------

I had thought about marking the daily open boxes...

[PebbleTrader]

Comparing a MONSTER PnF in MT4 vs Excel...

Stat levels are pretty interesting on such a monster...

[PebbleTrader]

Stat levels numbers with freq dist: (Way Cool!)

Jalarupa gonna like this.

[bredin]

"Something I didnt mention in the other thread is that mine preserves the timestamps, thus leaving time available for analysis if desired." - Bredin

Bredin,

What do you mean preserves timestamps?

Please give an example of further analysis of time.

-----------------------------------------------------------

I had thought about marking the daily open boxes...

The timeline on the bottom of the mt4 chart is preserved.... those are the open times of the individual bars.

I have no idea how one would use it, but it is there

G.

[PebbleTrader]

"The timeline on the bottom of the mt4 chart is preserved.... those are the open times of the individual bars"

Oh, wow that is awesome, I thought it was just bogus numbers like the other indis.

Ok, I will turn my creative thinker on...