Isn't P&F like Renko only instead of beeing printed "normally" boxes are on top of each other?
EU M5 NORMAL:
EU RENKO (no time - plotted from M1 data):
same period of time marked by red line
P&F charts suck, don't use them...
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Last edited by paweldobkowski on Fri Sep 23, 2011 4:40 pm, edited 1 time in total.
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PebbleTrader wrote:"Excellent work PT,even if an mt4 indi becomes available"
Even if? With a coder like Bredin, the question becomes "WHEN the MT4 indi becomes available"
Bredin knows i would never doubt his coding skills......
PLUS....... you can NEVER knock a guy who is brave enough to share
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PebbleTrader wrote:"Isn't P&F like Renko only instead of beeing printed "normally" boxes are on top of each other? "
I hadn't had a chance to study Renko closely, looks like it is doing something similar.
I like the alignment of levels in columns better in PnF because you can see more.
Oh I see.
You Guys are doing great work here.
Keep it up!
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"You could always use halves to point out that price bounced between the 5-10 level or 25-50 level:"
I like that.
I posted some ideas about breachs earlier in this thread.
I liked having more control over it, being able to see what the breach was and being able to have a setting that only shows 7-9's or 5-9's etc. Just in playing with it 7-9's seemed to be the best setting for seeing what areas reached.
So, am I seeing this correctly, the way Bredin is plotting his PnF charts, it actually is showing the breach's right?
I like that.
I posted some ideas about breachs earlier in this thread.
I liked having more control over it, being able to see what the breach was and being able to have a setting that only shows 7-9's or 5-9's etc. Just in playing with it 7-9's seemed to be the best setting for seeing what areas reached.
So, am I seeing this correctly, the way Bredin is plotting his PnF charts, it actually is showing the breach's right?
Life is just a journey
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