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  #28 (permalink)

Hartford, CT. USA
Trading Experience: Intermediate
Platform: NinjaTrader
Broker/Data: AMP/CQG, Kinetick
Favorite Futures: TF
RJay's Avatar
Posts: 681 since Jun 2009
Thanks: 735 given, 752 received

monpere View Post
I only used them during the trial period. They seemed to work ok, but not significantly better then the regular range bars I use. I personally found them to be a bit visually deceiving as they smooth out the price action by artificially repainting the bars. This effect makes your indicators look totally wild. I use RSI and stochastic, and the indicator patterns using the trend bars were totally different then with any other types of bars I've used, so not sure the traditional indicator usage would work all that well with them. Overall, using the trend bars with my particular automated strategy did not significantly increase the strategy's profitability. Gabryele seems to do very well with them in the Blueline Delight strategy thread, so you may want to check out that thread.

Hi monpere,

Just a couple of items regarding the ChannelTrend bars.

First, unlike some other bar charts out there that do repaint their bars, none of my bar charts repaint.

I believe repainting to be an unacceptable way of doing things and I would never do that.

My some of charts do have indicator characteristics built into them and that makes them a little different.

I understand that ChannelTrend's characteristics may be a little to "clean" for some traders.

To resolve this issue, I have created an indicator that plots price action inside each bar on the ChannelTrend chart.

This indicator will be given away for free!!!

It is in beta right now. I posted a picture earlier this week but it got censored.


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