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Contact Rjay. He can explain the plus and minus aspects of ChannelTrend. I tried them for awhile and went back to RenkoHybrid, as it is still my favorite!
After all, it's what you learn AFTER you know it all, that counts!
Sorry. Didn't mean to blow you off, I just haven't found a dependable way to consistently trade them, although they ARE beautiful in their approach to price action.
Here's one simple way you can trade them using MACD. Go short when MACD crosses below zero line & set a target. Exit & wait for the next signal. Go long when MACD crosses up on zero line & set a target.
That's about the best I've been able to come up with so far.
Hope that helps.
p.s. The indicators on this example are:
anaPivotZonesDailyV38 set to calc on intraday values
DynamicSR set to a period of 5
MACD set to default of 12,26,9
T3FulksMatulich (2 instances of it. 1 set to FulksMatulich and 1 set to Tillson) - my own version w/ paintbar option.
SwingRays, set to a sensitivity of 2.
After all, it's what you learn AFTER you know it all, that counts!
Hi,
I downloaded the MACD BB and was wondering if there was anyway to use it without it changing the colors of the price bars? When I download the MACD BB and put it in panel 2, it then changes the price bars as well. I would surely appreciate any insight!
Thanks a lot,
Brett
If it's MACDBBLinesV4 you're talking about, scroll down to the PRICE BARS section of the indicator preferences & set PAINT BARS? to FALSE, then hit APPLY.
After all, it's what you learn AFTER you know it all, that counts!
Following request, I have added some features to the MACDBBLines
-> Arrows on the price panel indicate violation dots, when the MACD breaks out of the Bollinger Bands
-> Sound alerts added for violation dots
-> Sound alerts added for zeroline crosses of the MACD
-> The sound files are included with the zip file, but you have to extract them manually and copy them into the NinjaTrader sounds folder.
-> Downclosing paint bars are filled, whereas upclosing paintbars are hollow: The opacity of the upclosing bars can now be adjusted.
Exported using NT Version 7.0.1000.10
This is a fast version of the MACD BB Lines indicator. The MACD settings and the band period, the multiplier for the standard deviation, the dotsize and all colors can be selected.
Different colors can be …
hi guys!
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i need a little help and i am almost ashamed to ask such a stupid question but still i hope somebody can help...
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i am using macdbb for my trading. i know how to read and how to apply them into my approach of trading.
i do understand the idea behind a macd and a bollinger band by itself but i have a little trouble understanding the combination of both and what it really means regarding price. i am also confused because i read in a different thread that the basic functionality - like displaying volatility - is not working with any other charts than timebased charts like 60 min. i use tick charts and someone said that a bollinger band is not working correctly with tick charts. why and how is that? and if so, what am i looking at? i also read that the bollinger band in the macdbb are using the macd as the basis for calculation...??
another thing:
when i look at a macdbb on a lets say 1000 tick chart. i always look for certain pictures like "seperations". this means that the "dots" and macdline are seperating itself from the bollinger band. when the bollingband is starting to move into the other direction und the macdbb is still pushing to the, lets say, upside, the seperation is getting bigger which tells me - basically - that the current move is showing some weakness and a reversal might occour. so far so good. but here is my problem: i have no idea what that really means and how to put that into correct words. what does is tell me when the bbs are seperated from the bands and what does it mean when the macd is still pushing up while the bollingband is already starting to turn. on the other hand what does it mean if macd is pushing already down while the bollinger band still points up?
i hope somebody would like to help me and that someone understads what i am trying to get across... hehe
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thank you very much!
