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Footprint : does bar type is better? And why?
Started: by ninjadiluce Views / Replies:274 / 1
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Footprint : does bar type is better? And why?

  #1 (permalink)
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Footprint : does bar type is better? And why?

Good morning
My english is not The Best but i try to write here.
I like Much The world of order flow and I study a lot and I have found many bar type for ladder. We have range bar, Renko bar, minute bar and point&figure bar like OFA ladder.
The problem is which type of bar is The Best to read reverse order point ? Which does bar type show better clean order?
I think this question is very important to understand istantly what The market is doing.
So i hoppe this question can help other people that are stunding orderflows.
Take care
Ninja ^_^



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Last edited by ninjadiluce; September 2nd, 2016 at 06:13 AM.
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  #2 (permalink)
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Posts: 75 since Feb 2013
Thanks: 37 given, 9 received

Footprint : does bar type is better? And why?

Good evening!
I have tested many chart and understand which one is best charts to read footprint. But before to say I prefer to explain why and which kind of type bar I have tested.
1)range
2)volume
3)point&figure
4)minute
5)seconds
6)renko

1) range bar
The range bar has constant a range of price, than we can see better what's appended between bid/ask/volume and various prior bar

2)volume bar
In this kind of bar we can watch bid/ask and to understand if there is a congestion or fast bar easily from range of bar

3)point&figure
Point&figure is very much used to watch the reverse point where the price bounce. The delta I think is wrong because when there is a long bar is impossible to compare delta of the small bar. Many time I missed the Delta Divergence pattern although I often got split POC in the same bar.

4)minute
5)seconds

The bar based of time is good to watch bid/ask/volume/range the current bar just to consider the cluster volume where to try an entry on the market in the bar

6)renko bar
There is no constant range and volume just the price make a New tick with no cumulative orders

So, at moment I think the best bar is renko!!!
Exactly unirenko bar because I can read with precision timing what is doing the buyer and seller and follow orders of the institutionals

I happy if other people can share own opinion about

Take care
Ninja


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Last edited by ninjadiluce; September 11th, 2016 at 03:25 AM.
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