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Attachments: Predict breakouts & trend reversals using macd/bb%
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Predict breakouts & trend reversals using macd/bb%

Damn one day ill get these trend lines in the right spots .lol
Thanks for the correction vdubus
great work here BTW
But how do you determine that red line, the trade entry ?
Don't give up on your dreams. Keep sleeping.
Quoting Artcool
But how do you determine that red line, the trade entry ?
? I never said it was the trade entry. It's just a level of resistance
Quoting vdubus
{quote} ? I never said it was the trade entry. It's just a level of resistance
Yes and price is stuck there ATM.
Regards Orid
@Vdubus

Would you think we can also use the contrapositive of your system, something like that :
Trend --> divergence BB% --> Trend line Break from price but no trend break from volume --> probably fake reversal
Don't give up on your dreams. Keep sleeping.
Quoting Artcool
@Vdubus Would you think we can also use the contrapositive of your system, something like that : Trend --> divergence BB% --> Trend line Break from price but no trend break from volume --> probably fake reversal
You hit the nail on the head if im understanding your question correctly. If price breaks ahead of the oscillator, 90% of the time it's a fake break and by reverse engineering the strategy a trend continuation would be in play.
Quoting vdubus
{quote} Almost, but your cutting your trend line short {image}
Where do this arrows on your chart come from?
Quoting kofix11
{quote} Where do this arrows on your chart come from?
I draw them
Quoting vdubus
{quote} Once you train your eye and know what to look for yes simply switch out the Bollinger bands & keep your charts clean. You can have to much info on the chart. I find less is more, BB% on the Renko is to messy & will paint to many fake signals keep it smooth
Trying to keep the charts as clean as possible but the choice between BB% and the SnipperX is not so simple, the former is faster, while the latter us slower.
Added the Pivot channel but I'm yet to see it print it's arrows in real time, adding it to the mix is so freaking unbelievable.
Attached Images (click to enlarge)
Click to Enlarge Name: RLITS 138.png Size: 48 KB Click to Enlarge Name: RLITS 139.png Size: 69 KB Click to Enlarge Name: RLITS 140.png Size: 69 KB
Let it turn and find your entry.
Quoting vdubus
{quote} I draw them

You must be meaning that you draw the trend lines yourself, but he was asking about the arrows perhaps I am missing something?
Let it turn and find your entry.
The pivot channel (looks like a TMA but quite unlike it) it prints the arrows after price has closed outside the upper or lower band and then closes back inside the bands.
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 141.png Size: 66 KB
Let it turn and find your entry.
Quoting vdubus
I've just updated couple of the pics. Hope it helps RULES FOR ENTRY {image}
Hi vdubus - I just want to clarify rule 3 from the list "/= Trend break on the volume indicator BEFORE it does on a price chart." - which volume indicator are you referring to?

Thank you in advance for sharing your ideas!!!
@intrepidpips
Hi, can you please tell us, where to download the pivot-channel-indicator ?
Greetings Thomas.
Here you go
Attached File
File Type: ex4 Vdub_Pivot_Channel.ex4   32 KB | 784 downloads
Quoting Intrepidpips
The pivot channel (looks like a TMA but quite unlike it) it prints the arrows after price has closed outside the upper or lower band and then closes back inside the bands. {image}
hey intrepid, is it possible that the arrows repaint ?
Thanks !!!
Quoting metta87
{quote} hey intrepid, is it possible that the arrows repaint ?
Do not take my word for it because I have not been able to devote time to watch it in real time and see the arrows print.
It doesn't appear repainting because you can see multiple arrows after price exits the bands and reverses, most repainting indicators would adjust to capture the absolute top and bottom thereby redrawing it's lines and or arrows several price bars back.

I saw this one while preparing the screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: RLITS 143.png Size: 50 KB
Let it turn and find your entry.
Quoting Intrepidpips
{quote} Do not take my word for it because I have not been able to devote time to watch it in real time and see the arrows print. It doesn't appear repainting because you can see multiple arrows after price exits the bands and reverses, most repainting indicators would adjust to capture the absolute top and bottom thereby redrawing it's lines and or arrows several price bars back. I saw this one while preparing the screenshot. {image}
I have observed in real time that it does repaint. It's much like a TMA but it's use-able non the less, you just have to observe the way it works with price and build a criteria for taking trades around it. This is something similar.


https://www.forexfactory.com/showthr...4#post10060404
Let it turn and find your entry.
Quoting Intrepidpips
{quote} I have observed in real time that it does repaint. It's much like a TMA but it's use-able non the less, you just have to observe the way it works with price and build a criteria for taking trades around it. This is something similar. https://www.forexfactory.com/showthr...4#post10060404
To be honest, i fail to understand how it is possible to use a repainting indicator effectively. Yeah we can use it like any other indicator, but what's the point of using something which is always recalculating itself and that look good only in hindsight ?
Also, since you are one of the few here that uses renko, what is the best indicator that works well on it, if you dont mind me asking. Have you ever tried to trade/scalp one box only at a time ? Thats what i'm trying to do, if you want we could exchange ideas, you me and anybody else interested in non time based charts. I think those charts are the best in mapping price and an edge could possibly be found using them imho.
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