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Momentum BarsType shows similar results with Renko Hybrid
* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
hm, where are the differences between ChannelTrend and MomentumBarsType?
MomentumBarsType free for elite members
ChannelTrend charge for $149
* If investing gets too difficult for a seventh grader to understand, the system is needlessly complex
* Markets produce an enormous volume of information, much of which is redundant
* In every game and con there's always an opponent, and there's always a victim. The trick is to know when you're the latter, so you can become the former
wldman
Chicago Illinois USA
Legendary Market Wizard
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,507 since Aug 2011
Thanks Given: 2,046
Thanks Received: 9,491
to me. The one that costs 149 must be superior though. ..don't you think?
wldman
Chicago Illinois USA
Legendary Market Wizard
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,507 since Aug 2011
Thanks Given: 2,046
Thanks Received: 9,491
With respect to Heike Ashi...what do yopu mean by "false" bars?
Looks like you have found something here. When you set ChannelTrend to an illegal odd number tick setting of 1, you get a result that in fact contains no Channeltrend characteristics at all. I dare say this setting has probably messed up the characteristics of the MomentumBars as well.
Maybe you could try posting a few charts with different settings that actually show the difference between these two chart types for the other members of this forum.
Any assortment of even number tick sizes are OK with me.
RJay
wldman
Chicago Illinois USA
Legendary Market Wizard
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
Frequency: Several times daily
Duration: Hours
Posts: 3,507 since Aug 2011
Thanks Given: 2,046
Thanks Received: 9,491
what is an illegal setting?
I'd like to know how your bars work Rjay...and the other custom bars as well. In questioning users I did mnot get concrete answers. Can you explain how the bars draw and in what applications they might be useful? DB