One is Not a Trend

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scar
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Postby scar » Sat Feb 04, 2012 4:48 pm

The price action on these charts as I see it:

1) Extending a move - if we've been paying attention, this should mean Dolar_Smile

2) Reversing - Depending on the chart TF, and where you are on Time Frames That Matter, this is an opportunity to shed lots, an opportunity to add lots, or #3.

3) Noise (for lack of a better term) - "Wicks show not the way." - MO :shock:

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scar
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Postby scar » Sat Feb 04, 2012 4:55 pm

I thought I would show a couple of different charts with the Trend Indy.

This is the same GBPUSD chart info, but with 21-pip range bars:



And here it is with 10-pip Renko bars. I kind of like this combination.

scar
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Postby scar » Sat Feb 04, 2012 5:00 pm

The Trend Indy will not work with a P&F chart, since it looks for two consecutive up or down closes.

But the P&F for the same area as the above charts show how P&F condenses this information very efficiently:

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MightyOne
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Postby MightyOne » Sat Feb 04, 2012 6:11 pm

scar wrote:The Trend Indy will not work with a P&F chart, since it looks for two consecutive up or down closes.

But the P&F for the same area as the above charts show how P&F condenses this information very efficiently:


Trade P&F with an understanding that it is almost picture
perfect the same as a chart with time.

Selecting a box size and reversal amount is like telling the
P&F chart to find you a time based chart with a specific set
of characteristics.

Image

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MightyOne
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Postby MightyOne » Sat Feb 04, 2012 6:29 pm

scar wrote:The price action on these charts as I see it:

1) Extending a move - if we've been paying attention, this should mean Dolar_Smile

2) Reversing - Depending on the chart TF, and where you are on Time Frames That Matter, this is an opportunity to shed lots, an opportunity to add lots, or #3.

3) Noise (for lack of a better term) - "Wicks show not the way." - MO :shock:


I actually thought of TS when I was thinking about ways to get traders to hold onto their good trades just a little longer.

If you want to exit then wait for a black or red close :shock: :)

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Postby MightyOne » Sun Feb 05, 2012 1:49 am


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bredin
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Postby bredin » Sun Feb 05, 2012 2:03 am

scar, try linking mo's trendsetter to a 3xCC chart of P&F.

just sayin is all ;)

G.
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Postby MightyOne » Sun Feb 05, 2012 3:35 am

IDK, I like my P&F chart naked...

To each his own ;)

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Postby Humble » Sun Feb 05, 2012 5:23 am

Is price closing higher or lower than something? Simple yet powerful question. ..MO

scar
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Postby scar » Tue Feb 07, 2012 12:56 am

bredin wrote:scar, try linking mo's trendsetter to a 3xCC chart of P&F.

just sayin is all ;)

G.



Sure!

Posted version 1.1 of the Indy on the Insanity thread.
http://insanityindustries.net/viewtopic ... 3&start=10

I think I agree with MO on using this with P&F, but I might be able to get used to having this on there. I like simplicity, tho'.

Setting "CandleBars" to 2 and "LookBack" to 1 (the default) causes the indy to work the same as the original. Setting "LookBack" to 2 is the equivalent of inputting data from a 2-bar CC (and so on). For a P&F, this compares a green bar to the last green bar and a red bar to the last red.

The chart below is set at CandleBars = 2 and LookBack = 2.

Last edited by scar on Tue Feb 07, 2012 1:02 am, edited 1 time in total.

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