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

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PebbleTrader
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Postby PebbleTrader » Sat Oct 01, 2011 5:44 am

"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:

Image

It is the early warning :)

The average was 2.2, which would be a good number to use in this case.
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prochargedmopar
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Postby prochargedmopar » Sat Oct 01, 2011 5:52 pm

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
#1BODY in direction of profit #2INCREASE lot size Obsessively
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bredin
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Postby bredin » Sat Oct 01, 2011 10:57 pm

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...

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Postby prochargedmopar » Sun Oct 02, 2011 6:09 am

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
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby PebbleTrader » Sun Oct 02, 2011 7:24 am

Thanks for sharing your thoughts / findings prochargedmopar.
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Postby PebbleTrader » Sun Oct 02, 2011 9:46 am

"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...
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Postby PebbleTrader » Sun Oct 02, 2011 10:19 am

Comparing a MONSTER PnF in MT4 vs Excel...

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

Image
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Postby PebbleTrader » Sun Oct 02, 2011 10:30 am

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

Jalarupa gonna like this.

Image
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Postby bredin » Sun Oct 02, 2011 10:54 am

PebbleTrader wrote:"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 ;)

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Postby PebbleTrader » Sun Oct 02, 2011 11:00 am

"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...
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