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New Renko / momentum and range bars on Tos
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New Renko / momentum and range bars on Tos

  #1 (permalink)
Elite Member
Kansas City MO
 
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Posts: 35 since Oct 2012
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New Renko / momentum and range bars on Tos

Just a heads up to those of you on TOS. Yesterday's update had many new and exciting improvements.

They introduced Renko and Momentum bars with many custom levels. I love my thinkorswim. Check out the new release info on your TOS home screen main article.

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  #2 (permalink)
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some serious bugs in this release esp w/ chart labels

time and tick seem to be Ok

Range bars not so much

For example, it will not allow you to use custom range bars say range of three

But when I pull up an old chart and switch it to range it will pull up .0002 which I have never used or it will pull up on a different chart .0003 which I have used

It does not allow you to go to anything less than .0005

This is on /6E

-Bill

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  #3 (permalink)
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Other additions


Here are the other additions:

NEW! Strategy Roller™
BID/ASK Charting
Dollar and Percent Orders *Coming Soon*
Renko and Momentum Charts
Studies from Technical Analysis of Stocks and Commodities
A Few More Plums for the Pudding

and a link to check em out

Learning Center ? December 15, 2012

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  #4 (permalink)
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plethora View Post
Look at the Googster and Apple.
It's a red light, green light system and money goes to money.
ETA: Plus no big penalties if ya jump a light with zero leverage.

Plethora, may I ask what indicator this is and is it available for Ninja.

Thanks
Hector

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  #5 (permalink)
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indicator


plethora View Post
It's the relatively new stock Momentum Bars on thinkorswim.
That's it!

Thanks Plethora. Looks very interesting, will have to check it out.

Hector

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  #6 (permalink)
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indicator


plethora View Post
Here is the most recent CL. As you can see there is no time stamp at the bottom and this screenshot is over several days. So you really have to babysit the trade.

ETA: Would probably work great to automate.

Interesting Plethora.

Thanks
Hector

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  #7 (permalink)
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Anything other than tick or time (TOS) I would be suspect

-Bill

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  #8 (permalink)
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WilleeMac View Post
Anything other than tick or time (TOS) I would be suspect

-Bill

Yes, after being on the phone with TOS for more than an hour and technical support could not respond to my questions, it turns out the YTD data is not live but historical. The numbers populate the day following the close to form the charts.

I deleted all the previously posted screenshots.

Bottom line: No integrity of TOS tick data on YTD charts.

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  #9 (permalink)
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I tried using renko on TOS but looks like its an issue with the renko charts. Because How can bricks which are once formed disappear. I tried talking to helpdesk they are clueless and dont fix this issue as they fix issues in priorirty.

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  #10 (permalink)
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why I don't TOS Range or similiar bars



selenium View Post
I tried using renko on TOS but looks like its an issue with the renko charts. Because How can bricks which are once formed disappear. I tried talking to helpdesk they are clueless and dont fix this issue as they fix issues in priorirty.

At one point I got a hold of a tech guy that could explain how TOS constructed Range Bars. Now my understanding is that Range bars by definition eliminate time. Tos range bars are based on One minute Time bars. So range bars are formed within that one minute time bar and then a new set of range bars start as soon as the one minute bar is done. If you trade YM there are times when with in one minute it can go down 40 points and
head back up all in the same minute. Tos range bars will form on the way down, but erase themselves on the way back up if that one minute time bar is not done. In fairness once the one minute bar is done, phantom bars are created and back fill where price has been but that's not something I want to live with. Of course no Volume studies of any kind are permitted with range bars. There is also a time limit of about 2 hours so that if the set range is not reached a new range bar starts any way. Range bars, momentum and I think Renko are all based on the One minute time bar theme. To me it renders them useless. I had hoped that enough people would squawk and they would change this. I doubt it. It's to bad , I know using tda data range bars work perfectly on Quote Tracker and all volume studies work there as well. No futures are available for 3rd party software though. Well, I like range bars but I can live without them.

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