The ideas that I trade by:

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prochargedmopar
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Postby prochargedmopar » Sat Nov 08, 2014 4:36 pm

aliassmith wrote:
MightyOne wrote:Triangles, can I live without them, probably not...

Image


I think its about time I at least try the MO special candles.

Step 1...install file
Step 2...figure out what these new candles are showing me

Im stuck on Step 2 :shock:


:lol: :shock: Thats funny.
Gotta love mq4 files. Who invented indicators anyway??

I downloaded the other indys in this thread and this latest...I'm determined NEVER to install them on my platform.
Nope, not gonna do it.
#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 MightyOne » Sat Nov 08, 2014 4:48 pm

aliassmith wrote:
MightyOne wrote:Triangles, can I live without them, probably not...

Image


I think its about time I at least try the MO special candles.

Step 1...install file
Step 2...figure out what these new candles are showing me

Im stuck on Step 2 :shock:


http://kreslik.com/forums/viewtopic.php?p=77850#77850

aliassmith
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Postby aliassmith » Sat Nov 08, 2014 5:28 pm

MightyOne wrote:
aliassmith wrote:
MightyOne wrote:Triangles, can I live without them, probably not...

Image


I think its about time I at least try the MO special candles.

Step 1...install file
Step 2...figure out what these new candles are showing me

Im stuck on Step 2 :shock:


http://kreslik.com/forums/viewtopic.php?p=77850#77850


I read that, just haven't processed it in the brain yet.

I have a Daily candle closing lower than something on gpp/jpy but your chart doesn't show me anything interesting yet.

I'll have to do some comparisons
Trade Your Way as Long as It Makes Money!

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Postby MightyOne » Sat Nov 08, 2014 8:45 pm

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Postby TheRumpledOne » Sun Nov 09, 2014 1:30 am

Hey MO... I don't understand the difference between the 2 NZD charts. What am I missing?

They both are M5. Is one some type of HA? The black/purple has shorter tails on the bottom than the orange/white chart.
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Postby prochargedmopar » Sun Nov 09, 2014 4:17 am

MightyOne wrote:
Image


http://prntscr.com/54hzrk
#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 MightyOne » Sun Nov 09, 2014 4:27 am

TheRumpledOne wrote:Hey MO... I don't understand the difference between the 2 NZD charts. What am I missing?

They both are M5. Is one some type of HA? The black/purple has shorter tails on the bottom than the orange/white chart.


Well sir, on the right we have your trusty candlestick chart with 'perfect opens' (open = prev. close).

On the left we have what seems to be a chart that is impossible to describe :lol:

Both the black and orange xCC close at the (midpoint+close)/2 of the candlestick chart and work together to form a line chart; that is to say that when both xCC are on one chart they accurately describe the underlying candlestick chart.

Image


If there were only one color then it would be a true CC, candles would be skipped, and it would be a higher chart period.

The chart reduces the visible volatility in two ways:
1) by shifting the open and close to an average, xCC that try to reverse or saw about are dramatically reduced in size; weakening the appearance of weak moves accentuates the strong moves.

2) the 'line chart' is then divided into two colors to give the illusion of a higher chart period & artificial opens are given to turn the lines into something that we can read and understand; candles!
Since individually the CC look like a higher period it tricks your eyes into not seeing so many zigzags.

For more information please see the mq4 file :lol:
Attachments
2xCCxCHA.zip
2xCC
(2.02 KiB) Downloaded 42 times

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Postby prochargedmopar » Sun Nov 09, 2014 3:28 pm

MightyOne wrote:
TheRumpledOne wrote:Hey MO... I don't understand the difference between the 2 NZD charts. What am I missing?

They both are M5. Is one some type of HA? The black/purple has shorter tails on the bottom than the orange/white chart.


Well sir, on the right we have your trusty candlestick chart with 'perfect opens' (open = prev. close).

On the left we have what seems to be a chart that is impossible to describe :lol:

Both the black and orange xCC close at the (midpoint+close)/2 of the candlestick chart and work together to form a line chart; that is to say that when both xCC are on one chart they accurately describe the underlying candlestick chart.

Image


If there were only one color then it would be a true CC, candles would be skipped, and it would be a higher chart period.

The chart reduces the visible volatility in two ways:
1) by shifting the open and close to an average, xCC that try to reverse or saw about are dramatically reduced in size; weakening the appearance of weak moves accentuates the strong moves.

2) the 'line chart' is then divided into two colors to give the illusion of a higher chart period & artificial opens are given to turn the lines into something that we can read and understand; candles!
Since individually the CC look like a higher period it tricks your eyes into not seeing so many zigzags.

For more information please see the mq4 file :lol:


How much "higher" of a timeframe is our brain seeing?
Why not just look at a higher timeframe chart?
#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 TheRumpledOne » Sun Nov 09, 2014 5:36 pm

MO:

As usual, I don't have a clue what you are talking about.

"Both the black and orange xCC close at the (midpoint+close)/2 of the candlestick chart" - What black? What is xCC?

" work together to form a line chart" - How do they work together?

"when both xCC are on one chart" - HUH?

MO, check this out: http://sumo.ly/3983

Thanks

- TRO
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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Postby MightyOne » Sun Nov 09, 2014 7:49 pm

TheRumpledOne wrote:MO:

As usual, I don't have a clue what you are talking about.

"Both the black and orange xCC close at the (midpoint+close)/2 of the candlestick chart" - What black? What is xCC?

" work together to form a line chart" - How do they work together?

"when both xCC are on one chart" - HUH?

MO, check this out: http://sumo.ly/3983

Thanks

- TRO


I do not need to become a better writer, you need to have better comprehension skills or follow my threads to learn the language :lol:

What is black?
There are two colors on the chart, black and orange...

What is xCC?
A xCC is a CC (custom candle) that is part of a larger group of CC that capture each way a chart can be drawn according to the start times of the sub periods within a CC.
EXAMPLE: if you form a CC with two H1 candles then there are two start times and 2xCC (2 ways to draw the chart). A CC capturing 3 hours has 3xCC and so on.
PLEASE DON'T say there can be infinite start times within a candle, I will do a major face palm. We are simply talking about a chart period, custom candle, and its xCC.

How do they work together to form a line chart?

Look at the chart, black & orange xCC alternate to capture each (median+close)/2 on the underlying chart.

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