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:becky:
Created in 2019 for NT8 platform, LineBreakWicked Bar Type.
Have Fun!
:boxing:
https://nexusfi.com/trading-journals/59725-linebreakwicked-bar-type-strategy-ninjatrader-8-a.html#post884236
Hi again. In the pic below, i describe in short, what i'm looking for to happen before i decide to respond to the data.
Context is very important.
LBW type chart is purely directional, and statistically it is above 50.5% correct. So it does provide a directional edge.
As in any other business, risk management is the key. I utilize data from a 3LB 1min chart for my day trading.
Be careful of not loading too many days or too many indicators on this chart cause your platform may crash.
I don't have any other indicators except for the bar timer. Yes this chart will respect the time very much so. In my case every 1min. (more details later)
This type chart also respects price gaps. IE, price gaps get filled whenever price enters the area of the bar that helped create the price gap in the first place. (more details later)
This type chart also requires a confirmation trigger after it forms the signal as described in the pic below.
I utilize the Footprint chart for the confirmation (Volumetric type chart from NT8)
It helps my confidence to enter the trade when i see both the Buyers on the Volumetric chart and the LBW candle being Bullish.
I will post more samples and details.
Hopefully in time this will become an informative thread for the LineBreak type chart.
Any input on the subject is always good. Thank you all
It's a pitty that there is no further input in this thread.
After a few months of observation, I now use this chart type alongside my tick charts.
I would be interested to know if anyone else has had good experiences.
itīs a 1000 tick 2 line break chart.
Falco
ES 03-24 (1000 Tick SiBT 2 LineBreak ) 2024_02_19 (18_37_42)
