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UniRenko, Universal Renko Bar Type


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UniRenko, Universal Renko Bar Type

  #71 (permalink)
shanemcdonald28
new york
 
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tellytub View Post
am I correct in saying the open of the next bar isn't the real open?

yes that is correct

shane

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  #72 (permalink)
 
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 MWinfrey 
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Why don't you guys describe how you're using this bar in trading...

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  #73 (permalink)
 
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 MWinfrey 
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This is something I've noticed. Have no idea if it is viable or not but seems to have potential. It is by no means a mechanical system. Need to make an assessment of the market to determine if it's moving well. Otherwise, as with most rule sets, consolidation areas can cause real issues.

You can see the market and UniRenko definition at the top of the chart.

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Elite Membership required to download: SMA_BMT.zip
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  #74 (permalink)
 
MWinfrey's Avatar
 MWinfrey 
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I think my description was little more complicated that it needed to be.

For a LONG: The price proxy must form a SWING LOW, to start the trend. A higher SWING LOW with entry on CYAN. Exit is on NAVY.

For a SHORT: The price proxy must form a SWING HIGH, to start the trend. A lower SWING HIGH with entry on NAVY. Exit is on CYAN.

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  #75 (permalink)
 
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 trs3042 
Holland, Michigan
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MWinfrey View Post
This is something I've noticed. Have no idea if it is viable or not but seems to have potential. It is by no means a mechanical system. Need to make an assessment of the market to determine if it's moving well. Otherwise, as with most rule sets, consolidation areas can cause real issues.

You can see the market and UniRenko definition at the top of the chart.

@MWinfrey

Hello Mike. Hope all is well with you. I was wondering if you would post the moving average your using with the UniRenko bars. I've just starting looking at these UniRenko bars and I like what your doing here.

Thank you,

Rick

"If you're going to panic during a trade............. panic early."
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  #76 (permalink)
 
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 MWinfrey 
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trs3042 View Post
@MWinfrey

Hello Mike. Hope all is well with you. I was wondering if you would post the moving average your using with the UniRenko bars. I've just starting looking at these UniRenko bars and I like what your doing here.

Thank you,

Rick

Added it to the original post.

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  #77 (permalink)
 
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 trs3042 
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MWinfrey View Post
Added it to the original post.

Thank you Mike. I appreciate you sharing this with us.

Rick

"If you're going to panic during a trade............. panic early."
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  #78 (permalink)
 
trs3042's Avatar
 trs3042 
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@MWinfrey

One more question Mike. Is you chart background color 123,154,123?

Thank you,

Rick

"If you're going to panic during a trade............. panic early."
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  #79 (permalink)
 
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 MWinfrey 
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trs3042 View Post
@MWinfrey

One more question Mike. Is you chart background color 123,154,123?

Thank you,

Rick

yes

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  #80 (permalink)
 
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 Big Mike 
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MWinfrey View Post
This is something I've noticed. Have no idea if it is viable or not but seems to have potential. It is by no means a mechanical system. Need to make an assessment of the market to determine if it's moving well. Otherwise, as with most rule sets, consolidation areas can cause real issues.

You can see the market and UniRenko definition at the top of the chart.

@MWinfrey, a reminder this thread is not Elite, your attachment says "futures.io (formerly BMT) Elite" so wasn't sure if you realized this.

Mike



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