Animal Farm (Renko system)

Entry at break of 3. TP at same distance as 2 to 3. Nice trade. Done for the day.

The indicator is mcd candles from cja indicators

Thank you!

It would seem that this thread has reached a logical conclusion. Thank you to everyone who took part. I learned a lot and I hope I managed to share some of it.

I will start a new thread to explore the BW line in more detail. We will need a anyone who can read and translate Russian to help out. Please join us at the Chuvashova Fork Trading discussion.

Yes - there will be Renko content there too.

Here is a teaser:

Wab,

If has been more then a pleasure participating in this thread, I have learnt and grown a lot while reading and practicing.
I thank you for that.

Are you staying here or moving to a Russian board? I don't know Russian, I hope some of it will be in English, too.

I want able to be adept in using the form when I tried it, would love to see your train of thoughts on the matter.

Hi WAB, I have gain much insight on my trading journey from your contributions. Thank you.
Alan

The new thread will be in English, right here on Forex Factory.
It is based on what I call the BW line and a Russian indicator that is pretty much similar.

Thanks for the kind words. I should be up and running in a day or so.

Good to have you back Wab. Shame this thread isn't continuing but I'll be following your new stuff for sure.

Than you Wab for the effort to share your knowledge with us.

Looking forward to this!
Keep up the great work Wab!

The new thread is at https://www.forexfactory.com/showthr...79#post9856779

You will find a lot of familiar material applied to non-Renko, time-based charts.
I look forward to the discussion and learning that will happen there for both myself and anyone dropping in.

Thanks to everybody who helped out with this one.

Does anyone know how to superimpose or simply put a moving average over a Momentum 14 indicator?

Momentum indicator can be viewed as a forward indicator because it records acceleration in price movement, not price movement itself. In an up trend, then the indicator turns down it means the acceleration of the price is slowing, decreasing or stopped. This is a successful indicator to know when to get out of the trade ( and to get into one if the conditions are right)

If I can paint a MA over the indicator line it would smooth out the line and provide a better signal. It may also be used as a "signal" line, as in MACD.

Cheers

AlGer

Like this

EURIX

OKAY that is easy to do. Only one problem. my MT4, only has apply to:

Close, Open, High, Low Median price, Typical Price, and Wieghted close.

It does not have previous indicator data, or current indicator data. Is that MT5 you have showing?

you have to drag the moving average into the sub-window.
open the side navigator window, under "Trend" find moving average then drag it into the indicator window.

No its Mt4 and you have to take the MA from here

Wow, that worked !! Just goes to show , I learn something new every day !
I didn't know that before, THANKS TO both of you.

Cheers,

I love it when a plan comes together. Using the E line on 2 point range bar charts for scalping. (this is my version of the tick chart)
Thanks Wab

Works very nicely but you do need lightning reflexes.

Nice trade Bat.

I have been asked by some viewers to continue this thread.

After some thought, I decided that I will share some new Renko material and new ideas that I am using as they fit well here.

It will take me a bit of time to organize, so stay tuned as they say.

The short Canadian summer is drawing to a close and the smoke is still heavy from the forest fires.
As the weather changes and I am indoors more the Forex Journey will more time devoted to it.