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

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PebbleTrader
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Postby PebbleTrader » Tue Sep 27, 2011 8:38 am

Is there any issue with running the debug chart on something other than M1 time frame?
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Postby PebbleTrader » Tue Sep 27, 2011 9:08 am

http://www.mathopenref.com/coordslope.html

^----------This link is fun, you can click on the dots and drag around :)

Slope = Pip Rise (from box reversal) / # Candles

ArcTan (Slope) = Degrees

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

# of Boxes COMPARED to Degrees = Speed
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Postby PebbleTrader » Tue Sep 27, 2011 9:13 am

The way I'd see it working with MT4 is on the PnF chart you would have it plot a number (1-9) above a up box or below a down box.

That number would be:
1 = 10*
2 = 20*
3 = 30*

and so on...

Then you would have a setting that you could set, only show on current column of boxes if there are X # of boxes in the column and the * angle is > X degrees.
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Postby bredin » Tue Sep 27, 2011 9:17 am

PebbleTrader wrote:Is there any issue with running the debug chart on something other than M1 time frame?


there may be some issues with the candle sizes, but if youre doing a 50x1 (eg) you can certainly use a bigger tf like 5 or 15.

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Postby PebbleTrader » Tue Sep 27, 2011 10:23 am

I have a new idea to present to you as soon as I illustrate it out

:idea:
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Postby PebbleTrader » Tue Sep 27, 2011 11:02 am

Image
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Postby Jalarupa » Tue Sep 27, 2011 11:04 am

PebbleTrader wrote:Image


Nice, practical... Was getting tired of flipping between m1 and PnF :P

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Postby PebbleTrader » Tue Sep 27, 2011 11:05 am

-It is showing you where PRICE is at RIGHT NOW with regards to making a new box or reversing.

-It also will show you the MAX BREACH mark.

:shock:
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Postby PebbleTrader » Tue Sep 27, 2011 11:06 am

"Nice, practical... Was getting tired of flipping between m1 and PnF"

Yes! Something like this would be AWESOME!
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Postby PebbleTrader » Tue Sep 27, 2011 11:09 am

Why do we need time based charts!?
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