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the "Avoid Chop" Indicator?
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the "Avoid Chop" Indicator?

  #11 (permalink)
Elite Member
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hunter548 View Post
@TMFT - What indicator are you using to color the bars? I tried both your EmaMulti21ByThatManFromTexas and EmaMulti21A (which offers a selectable bar coloring option), but neither indicator colors the bars. Thanks.

@hunter548

Import the attached EmaMult21ByThatManFromTexasV2.zip

The indicator will be EmaMult21ByThatManFromTexasV2.cs

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #12 (permalink)
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monpere's Avatar
 
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Here's another way I try to predict chop using the same 20, 50, 200 EMA's. When price starts trading between the 50EMA and the 200EMA while these are converging towards each other in a wedge, once price starts trading inside that 50/200 EMA wedge, most likely it's gonna bounce for a while inside that wedge. I generally stay out, and wait for a break either way. Here's an example that just happened a few minutes ago. 200EMA is thick brown, 50EMA is black.

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  #13 (permalink)
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Custom renko bars?


Monpere - I noticed in your screenshot above you are using custom bars called "JPMrenko". Can you tell me where I can find the code, or can you send it to me? I searched the site and couldn't find anything.

Thank you!
Fred

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  #14 (permalink)
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fredb987 View Post
Monpere - I noticed in your screenshot above you are using custom bars called "JPMrenko". Can you tell me where I can find the code, or can you send it to me? I searched the site and couldn't find anything.

Thank you!
Fred

You have to get this bar type from the author, futures.io (formerly BMT) user @TimeTrade

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  #15 (permalink)
Market Wizard
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Japanese Chop Chop...

There is one japanese indicator which shows you chop chop:
It is the Ichimoku "Cloud".
Like a pilot's adventure when flying "at sight" -
you are flying into a cloud..
as long as you are flying without sight you are not aware of any
direction - maybe you get out above? or you are getting
out underneath the cloud - you are totally unaware of
any sure movement you are thinking of or feeling.
So - to make it short - to avoid chop chop in any chart -
avoid to take a trade when price is within a daily or a
60min cloud.. that taken prevents your capital!
For sure.

GFIs1

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  #16 (permalink)
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TMNT, where can I find the the custom OOD, HOD, LOD displayed in the taskbar for Ninja? I've searched the forum but can't seem to find it. Is it available to the public?


ThatManFromTexas View Post
@lov2rev

The World according to ThatManFromTexas ....

1. You can not predict chop.

2. You will know you are in chop after you have a couple of losing trades.

3. When you realize you are in chop ... stop .

4. You will know you are out of chop when you miss the breakout.

5. Most chop filters filter out as many good trades as they do bad trades.

6. Learn to watch for price compression / decompression

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  #17 (permalink)
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Swishy27 View Post
TMNT, where can I find the the custom OOD, HOD, LOD displayed in the taskbar for Ninja? I've searched the forum but can't seem to find it. Is it available to the public?

@Swishy27

Import ToolBarOHLDataByThatManFromTexas.zip

Indicator will be ToolBarOHLDataByThatManFromTexas.cs

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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Register to download File Type: zip ToolBarOHLDataByThatManFromTexas.zip (4.7 KB, 207 views)
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  #18 (permalink)
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GFIs1 View Post
There is one japanese indicator which shows you chop chop:
It is the Ichimoku "Cloud".
Like a pilot's adventure when flying "at sight" -
you are flying into a cloud..
as long as you are flying without sight you are not aware of any
direction - maybe you get out above? or you are getting
out underneath the cloud - you are totally unaware of
any sure movement you are thinking of or feeling.
So - to make it short - to avoid chop chop in any chart -
avoid to take a trade when price is within a daily or a
60min cloud.. that taken prevents your capital!
For sure.

GFIs1

agree.
ichimoku kinko hyo is exceptional
i particularly like to take Strong signals for Options trades

there is a great daily resource at ichimokutrader dot com

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  #19 (permalink)
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@TMFT

Thank You. Much Appreciated!


ThatManFromTexas View Post
@Swishy27

Import ToolBarOHLDataByThatManFromTexas.zip

Indicator will be ToolBarOHLDataByThatManFromTexas.cs


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  #20 (permalink)
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ThatManFromTexas View Post
@dakine

Two 21 period EMA Bollinger bands , one set at 1 Standard Deviation and the other set at 2 deviations

ThatManFromTexas, with 2 Bollinger Bands, how to have the cloud in the middle Bollinger Band like your chart? Can I have a template of your chart?

Thanks


Last edited by goldfish; July 22nd, 2012 at 10:17 PM. Reason: spelling correction
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