PnF , Renko , Kagi , TLB, etc.

Quote from Stardust:

One consideration for all of these charting styles is they usually compute on a close to close basis (ignoring high-low's) Stops & MM have to account for this in yr trading plan!

They would be more useful, imo, if they could work off highs & lows to determine swings.
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if tick chart is used, renko chart will reflect all price action larger then brick size

where it can get confusing is on gaps in price - it can fool you into believing price action is continuous...what would be nice is to have special color for bricks which fill the gaps... i guess it will come at some point
 
We have that solution for skipped bricks built in.

I have attached a screen shot of our Rendle Chart that does have grey bricks/boxes and those are the skipped boxes that you are looking for. We print those to help visualize the velocity of the moves. Those jumps in price come on breakout and off bottoms as the retail crowd get fleeced by the pros.

We can not trade on those bars but need them to fill in the chart and complete the price action analysis.

It is very important to get the right "set period" per your time frame with this method and can change the look 180 degrees.

Trade well and use the force 'Luke' to evaluate price action, volume and noiseless visuals


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1386596>
319
 

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Quote from WyckoffTrader:

We have that solution for skipped bricks built in.

I have attached a screen shot of our Rendle Chart that does have grey bricks/boxes and those are the skipped boxes that you are looking for. We print those to help visualize the velocity of the moves. Those jumps in price come on breakout and off bottoms as the retail crowd get fleeced by the pros.

We can not trade on those bars but need them to fill in the chart and complete the price action analysis.

It is very important to get the right "set period" per your time frame with this method and can change the look 180 degrees.

Trade well and use the force 'Luke' to evaluate price action, volume and noiseless visuals
More...

what is so great about it? Trend is a trend - renko, candle, bar all charts give same info - OCHL, rest is just BS...
 
Quote from WyckoffTrader:

This has the best of both worlds. The Noise filtering of price spikes that do not stick or set and the abiity to see the bricks' low and high.

You will not see this on any other program as this was a custom build and used for in house traders only.
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Hi WyckoffTrader,

The screendisplay it's Ninjatrader version v6 with renko/kagi charts ?

Regards.
Ludo.
 
Quote from WyckoffTrader:

We have that solution for skipped bricks built in.

I have attached a screen shot of our Rendle Chart that does have grey bricks/boxes and those are the skipped boxes that you are looking for. We print those to help visualize the velocity of the moves. Those jumps in price come on breakout and off bottoms as the retail crowd get fleeced by the pros.

We can not trade on those bars but need them to fill in the chart and complete the price action analysis.

It is very important to get the right "set period" per your time frame with this method and can change the look 180 degrees.

Trade well and use the force 'Luke' to evaluate price action, volume and noiseless visuals
More...

H
WT
what are RENDLE charts and please and would you explain the contents
of your 2 Renko charts a bit more in detail?
AND: are any particular (intra-day) time
frames (ticks-seconds-minutes) or brick sizes more important than others or is
it all a question of optimizing?

Thanks
Charly
PSS: Who is LUKE

:)
 
Surf,

The rendle (candle plus renko) chart that we did was a custom build done on two frameworks. Ninja 6.0 powered by Esignal or Tradestation data and our own Charting Framework that is in beta testing now with net 2.0.

The NT version is for full Auto Trade mode when the NT beta is pushed to production. Our model is based around grey box trading for the experienced trader that wants some rules for trading but pulls the trigger himself and use some money management and exit tools to help manage more positions and markets.

The auto trade mode will be for 100% ATS that we have been developing for the last 2 years and have a platform and software to manage this style.

Here is the example of the ZG and ES markets each with different time frame systems. The ES very short and the ZG is more swing with less trades.

The time frame can be altered to fit the preferred market and the best style to trade that specific market. Our opinion is that the markets are fractal and the same logic does work on different time frames.

There are two separate styles of systems based on breakout and than counter tend. Applying the right tool to the right market in that current Environment is what an experienced trader should be able to do 70% of the time.

Trade well and fill up the tool box.


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1391223 width=800>
 

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i think you will find that point and figure if used properly and calculated properly will give you far more information than any other method.you will need to read the book by jeremy duplessis.definitive guide to point and figure charting
 
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