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Laguerre multi brick offline - LMBO

  • #41
  • Dec 18, 2024 11:07pm Dec 18, 2024 11:07pm
Buy CHFJPY, Currency Strength Indicator shows strengthening CHF and weakening JPY
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  • #42
  • Dec 18, 2024 11:32pm Dec 18, 2024 11:32pm
Quoting JaimeAlejan
Buy CHFJPY, Currency Strength Indicator shows strengthening CHF and weakening JPY {image} {image} {image}
Hi Jaime
JPY is going down and it has crossed 3 pairs this morning. Are they all valid trades? Or are you watching for confluences?
MetaTrader 4 - so many advantages.
  • #43
  • Dec 19, 2024 3:32am Dec 19, 2024 3:32am
Looks like the best opportunities arise when the TMA MACD aligns with my 34EMA, the bands are also doing a great job of highlighting exhaustion.

I could call it a day here, caught a few at LO, let's see what NYO will offer
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Let it turn and find your entry.
  • #44
  • Dec 19, 2024 3:41am Dec 19, 2024 3:41am
Quoting Intrepidpips
Thanks for sharing your system and template. I like that the TMA Band doesn't redraw it's arrows once printed and together with the MACD gives a sound framework for catching reversals. Let's see how it plays out tomorrow in addition to my regular MA system. {image}


Look at what I missed out on yesterday, it was like just take a short anywhere and you'd come out in profit
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Let it turn and find your entry.
  • #45
  • Dec 19, 2024 3:51am Dec 19, 2024 3:51am
Quoting JaimeAlejan
Buy CHFJPY, Currency Strength Indicator shows strengthening CHF and weakening JPY {image} {image} {image}

CHFJPY is on fire, you gotta show us how you set up the Currency Strength Indicator and how you read it please
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Let it turn and find your entry.
  • #46
  • Dec 19, 2024 4:01am Dec 19, 2024 4:01am
@Intrepidpips Your large green / red ligne above or bellow the channel is a 34ema or another indicator ? Thanks. Nice chart
  • #47
  • Dec 19, 2024 5:19am Dec 19, 2024 5:19am
Quoting Intrepidpips
Looks like the best opportunities arise when the TMA MACD aligns with my 34EMA, the bands are also doing a great job of highlighting exhaustion. I could call it a day here, caught a few at LO, let's see what NYO will offer {image}

Missed some good opportunities but its ll good.
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The MA is actually Smoothed not Exponential
Let it turn and find your entry.
  • #48
  • Dec 19, 2024 5:27am Dec 19, 2024 5:27am
Quoting sofitech
@Intrepidpips Your large green / red ligne above or bellow the channel is a 34ema or another indicator ? Thanks. Nice chart

34 Smoothed MA
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Attached File(s)
File Type: ex4 2xMA averages (candles + arrows) BT 1.2.ex4   169 KB | 306 downloads
Let it turn and find your entry.
  • #49
  • Dec 19, 2024 7:53am Dec 19, 2024 7:53am
I managed to distract myself and missed my first signal of The NYO this makes me lose the confidence to hod on long on my targets but still another trading day will come.
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Let it turn and find your entry.
  • #50
  • Dec 19, 2024 10:14am Dec 19, 2024 10:14am
Hy guys,

I scalped some profit today, but still waiting have some positions opened aud usd nzd usd and usd cad that need bigger drop to fullfill gap
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  • #51
  • Dec 19, 2024 11:08am Dec 19, 2024 11:08am
My first test scalp. Gonna test more
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How certain are you? I am not uncertain
  • #52
  • Dec 19, 2024 4:26pm Dec 19, 2024 4:26pm
Dear Zokynho
nice system- one short question: do the black arrows of Triangular MA repaint?
best hundsbua
  • #53
  • Dec 19, 2024 7:14pm Dec 19, 2024 7:14pm
hello
wow, very helpful system but seem to me the brick size very important to read the system do used 15 size .did create my personal chat see what happen
many thanks
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  • #54
  • Dec 20, 2024 12:01am Dec 20, 2024 12:01am
GBPCAD sell, cross on the Currency Strength indicator on H4, plus my fundamental analysis on GBP showing weakness in the coming days
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  • #55
  • Edited 2:11am Dec 20, 2024 1:42am | Edited 2:11am
Renko chart from candlestick chart timeframe M5
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The purpose of creating the renko chart by Japanese traders was to eliminate the noise that is often found on candlestick charts, but the appearance of the renko chart must remain the same or reflect the market psychology found on candlestick charts.

Therefore, the use of base timeframe on renko chart becomes very important, as in candlestick chart. The smaller the base timeframe used on renko chart will produce greater noise than the noise that occurs when using base timeframe H4 and above.

So by using a renko chart does not mean that the noise that occurs is gone, but the renko chart tries to eliminate the noise that occurs.
Therefore, it is better not to use a renko chart on price movements that are in progress.

On MT4/MT5 there is no plugin to run renko charts.
The Average Discount Everything
  • #56
  • Dec 20, 2024 3:38pm Dec 20, 2024 3:38pm
Quoting hundsbua
Dear Zokynho nice system- one short question: do the black arrows of Triangular MA repaint? best hundsbua
Hello,

They work with tma(penetration) and how tma goes with PA also arrows works, but with combination of other indies and MM they work good
  • #57
  • Dec 20, 2024 3:40pm Dec 20, 2024 3:40pm
Quoting ellenbrook
hello wow, very helpful system but seem to me the brick size very important to read the system do used 15 size .did create my personal chat see what happen many thanks{image}
Hello Elenbrook,

Your charts are nice...

Quick question, what is your renko charts generator?

Thanks in advance
  • #58
  • Dec 20, 2024 3:48pm Dec 20, 2024 3:48pm
Quoting hesron
Renko chart from candlestick chart timeframe M5 {image} The purpose of creating the renko chart by Japanese traders was to eliminate the noise that is often found on candlestick charts, but the appearance of the renko chart must remain the same or reflect the market psychology found on candlestick charts. Therefore, the use of base timeframe on renko chart becomes very important, as in candlestick chart. The smaller the base timeframe used on renko chart will produce greater noise than the noise that occurs when using base timeframe H4 and above....
Hello Hesron and welcome,

Not sure what you trying to say here (sometimes my english isn so good).... I think if you use multi bricksize you can eliminate noise quite good both visual and technical (throught indies and good money management) and offcourse discipline and patience
  • #59
  • Dec 20, 2024 10:34pm Dec 20, 2024 10:34pm
Quoting Zokynho
{quote} Hello, They work with tma(penetration) and how tma goes with PA also arrows works, but with combination of other indies and MM they work good
Good to see another Renko beleiver.....No Holy Grail and as you know indicators only give one areas of probability and the rest is up to us..
I have traded Renko charts for 27+ years, not that means a thing in this tough Business.....I only trade Gold these days as I do like a challenge.
Re EA ...I have used Ovo for many years and found it to be good value.........I have tried them all

Good Trading.

R
Ronnie Renko
  • #60
  • Dec 21, 2024 1:29am Dec 21, 2024 1:29am
Quoting Ced74
{quote} Good to see another Renko beleiver.....No Holy Grail and as you know indicators only give one areas of probability and the rest is up to us.. I have traded Renko charts for 27+ years, not that means a thing in this tough Business.....I only trade Gold these days as I do like a challenge. Re EA ...I have used Ovo for many years and found it to be good value.........I have tried them all Good Trading. R
WooW,

It is very nice to see someone with 87 years that still trade.... Thank you very much for visiting thread...

Please continue to share your experiance and knowledge...

What do you think of multibrick renko?

When I created this, my trading started to get better and better...

Using OVO as well as I found that them good and reliable.

Highest regards to Australia
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