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today I change for a Renko 4 chart YM. I would like to add an indicator for CHOP market. I found VHF, very nice indicator. Does someone use this indicator on a 4Renko chart? what for parameters?
Thanks a lot...
NT
Can you help answer these questions from other members on NexusFi?
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Trading: EMD, 6J, ZB
Posts: 795 since Oct 2009
based on the picture from the indicator, its a chop meter or similar in function to what other developers have called a chop meter, namely something that measures a minimal range variation in candles, whether from their median or their entire movement, from one to the prior and prior. I would guess logically it would allow a setting that allows customizable range of what is considered a minimal range, such as plus/minus 15% of prior bar. (on that I am just surmising / guessing)
this look nice,
thanks for bringing it to the fore and our attention
I'm trying to incorporate the VHF indicator into a strategy but don't understand the correct syntax for the line. In my strategy I wrote in the VHF value as a buy/sell condition and it looks like this:
buycondition1 = VHF(14) > 0.35
14 is the period and 0.35 is the threshold but it doesn't work.
