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Best Renko Bar? - better vs median vs sbs vs wicked
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Best Renko Bar? - better vs median vs sbs vs wicked

  #181 (permalink)
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Well thanks for trying. It's just that there is usually consensus on things like this that NT is doing wrong, and I just wanted to try and make sure it is addressed in NT8.

Mike

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  #182 (permalink)
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Big Mike View Post
I am always curious, have you talked to @NinjaTrader Ray about this stuff, and if so, what is his response?

Mike

Hey mike,

What platform are you using as your 'primary' now? From your earlier posts, it looks like you were an NT7 user, but recently you are (also) using Multicharts and Sierracharts.

I find NT7 to be my favorite for retail platforms, despite the numerous bugs, some of them disasterous. I tried Sierracharts, Multicharts, Lightspeed, CyborgTrader, and a few others I can't recall. Sierracharts looked good, but it was difficult to find any automation. Multicharts looks pretty, but it seemed less comprehensive than Ninjatrader. There also seems to be allot of biasness around about Multicharts - anyone who's Russian generally automatically proclaims MC to be the greatest thing out there. While NT7 has plenty of things that are way behind schedule, it's disconcerting that MC has just put out a 64 bit version. Overall, the other platforms seemed to be less intuitive in automation than NT7 (despite the NT bugs). Additionally, Ninjatrader's charts are IMO definitely better than the rest, including Lightspeed. The charts in NT, along with the whole package, have the most lucid, clear cut and smooth GUI than anything else. Fortunately, the order placement and strategy are rock solid in stability (so far from my expirence), so an account blow up due to faulty software is unlikely.

All this software is nitche software, so bugs will be common because the programing teams will be attempting something comparable to Microsoft Office or the likes, but on a much smaller budget and wider timetable.

"A Jedi's strength flows from the force."
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  #183 (permalink)
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patbateman View Post
Hey mike,

What platform are you using as your 'primary' now?

Sierra Chart for my discretionary trading, MultiCharts for my algo testing and sandbox playing. Looking to give NT another shot once NT8 is released.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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  #184 (permalink)
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Question


FrankFX View Post

Maybe it is a little off topic here, but for those who are interested in the "new" woodiebars:

I have compared the original $199pM "Woodiebars" Chatroom Chart with free MedianRenko Bars.


And what i have found out is really disappointing to me.

As you see in the attachment my template matches woodies pretty close. All you need is out in public for free.

Median Renko here at futures.io (formerly BMT)


ReversalBar_v2 here at futures.io (formerly BMT)

WoodieCCI comes with Ninja

Jeff`sCCI, I think from ThatManfromTexas - for coloring the CCI and the Background

Those useless by him so called "CCI Bands" are nothing else then ATR Volatility Bands you can purchase for $9,95 here at www.micro-trends.co.uk. and use them with the standard settings and tweak them a little.
Not on my chart on the right is the pricepanel but also available for free.

I am sorry to say and hoping i am wrong but to me, as a long time woodies chatroom follower, it seems the 33y professionell trader has turned in to a snakeoilsalesman (or he always was).


Frank

P.S. you know his trading mantras are: traders helping traders or a candle looses nothing by lighting another candle (you only have to pay $199p.M.)



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Hi FrankFx,

How did you make the channel on the top and below the Renko bars?

Thank you for shaing this.

Rachel

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  #185 (permalink)
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Rachel View Post
Hi FrankFx,

How did you make the channel on the top and below the Renko bars?

Thank you for shaing this.

Rachel

Hi Rachel,

here it is

Credit goes to Fat Tails.

Attached Files
Register to download File Type: zip ATRVolatilityBands4.zip (5.9 KB, 238 views)
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  #186 (permalink)
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thank you and a question


FrankFX View Post
Hi Rachel,

here it is

Credit goes to Fat Tails.

Will this indie work in NT7?
Some of the indie's I have downloaded mess up my NT7 because they were made for an earier version.

Just like a confirmation but really appreciate you supplying it, just hope it is compatiable.

Thank you sincerely,

Rachel

PS I have sent Fat Tails a private message to find out, if you don't know.
Thanks again!


Last edited by Rachel; May 10th, 2012 at 01:57 PM.
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  #187 (permalink)
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Rachel View Post
Will this indie work in NT7?
Some of the indie's I have downloaded mess up my NT7 because they were made for an earier version.

Just like a confirmation but really appreciate you supplying it, just hope it is compatiable.

Thank you sincerely,

Rachel

PS I have sent Fat Tails a private message to find out, if you don't know.
Thanks again!

@Rachel,

Yes, it does work on NT7. (Hi, @FrankFX)

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  #188 (permalink)
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FrankFX View Post
Hi Rachel,

here it is

Credit goes to Fat Tails.

@FrankFX: This is a modified Keltner Channel, I have not coded it.

The original Keltner Channel uses a SMA(N) from the typical price as center line and the SMA(N) of the simple range to calculate the offset for the volatility bands.

This indicator uses a WMA(N) of the close (selected input series) as center line and the WMA(N) of the True Range to calculate the offset for the volatiity bands.

I have in fact coded a more versatile indicator, which allows you

- to select the moving average type for the center line
- the moving average type for the volatility bands
- to use different periods N1 and N2 for center line and volatility bands
- to either use the simple range or the true range at your choice

With settings WMA, WMA, TrueRange it would be identical to the indicator above, moreover there are 11 other moving averages you can select from.

https://futures.io/download/ninjatrader-7/indicators/625-download.html?view

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  #189 (permalink)
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A very useful...

and productive contribution for which I remain grateful.

Trying to decide on one of you pivots indies now.

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  #190 (permalink)
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wldman View Post
and productive contribution for which I remain grateful.

Trying to decide on one of you pivots indies now.

I personally prefer the anaDailyPivots indicator, I think it is the most important.

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