45Fxguy, thanks for your serious review and questions... Let me try my best. First I will add two more charts in order to show how I have been tinkering with the Renko... and CCI
I just use a simple 50 CCI (I have gotten all the indicators except PSAR from this thread, I think, but I will post as soon as I can get organized). By the way your work has really helped me to gain experience in downloading new indicators and working with MT4.... so I am still learning!
Anyway, as you can see from the attached... on GBP/JPY... the cross of the CCI 50 down under zero occurred before the Pandora's Box was complete. In the EUR/USD, that crossover occurred just after the box completed. At least that is my reading of Pandora pattern.
What is interesting, is that the crossover seems to take place at the same time as the crossover on the MACD and the RSI drop through 45.. I have drawn lime green lines to indicate this on both charts. (I did not take these trades, but am interested in the pattern for future reference.)
So the question for continued observation is this.... Is the CCI 50 crossover a duplication of the MACD and RSI indicators? At least we know, thus far, that it is a confirmation. I have not yet added a CCI 14 to Renko, in order to see if Dr. Bob's other trade signals work.. For example... I have had good success in Forex and Russell eMini with the false breakout idea... that is when the CCI 14 moves to plus or minus 100 and the CCI 50 stalls at zero.
Separately, I will post the indicator for PSAR alerts.
Once again, I hope you will be patient with me as I attempt to work with the Forum posting techniques. I will probably goof it up!
My only hope is that I may contribute some helpful ideas for others, as I have gotten so many in this thread.
I just use a simple 50 CCI (I have gotten all the indicators except PSAR from this thread, I think, but I will post as soon as I can get organized). By the way your work has really helped me to gain experience in downloading new indicators and working with MT4.... so I am still learning!
Anyway, as you can see from the attached... on GBP/JPY... the cross of the CCI 50 down under zero occurred before the Pandora's Box was complete. In the EUR/USD, that crossover occurred just after the box completed. At least that is my reading of Pandora pattern.
What is interesting, is that the crossover seems to take place at the same time as the crossover on the MACD and the RSI drop through 45.. I have drawn lime green lines to indicate this on both charts. (I did not take these trades, but am interested in the pattern for future reference.)
So the question for continued observation is this.... Is the CCI 50 crossover a duplication of the MACD and RSI indicators? At least we know, thus far, that it is a confirmation. I have not yet added a CCI 14 to Renko, in order to see if Dr. Bob's other trade signals work.. For example... I have had good success in Forex and Russell eMini with the false breakout idea... that is when the CCI 14 moves to plus or minus 100 and the CCI 50 stalls at zero.
Separately, I will post the indicator for PSAR alerts.
Once again, I hope you will be patient with me as I attempt to work with the Forum posting techniques. I will probably goof it up!
My only hope is that I may contribute some helpful ideas for others, as I have gotten so many in this thread.