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January 16th, 2013, 08:41 AM
new york
Posts: 355 since Mar 2012
Thanks Given: 665
Thanks Received: 582
tellytub
am I correct in saying the open of the next bar isn't the real open?
yes that is correct
shane
Can you help answer these questions from other members on NexusFi?
Best Threads (Most Thanked) in the last 7 days on NexusFi
January 17th, 2013, 11:53 AM
Lubbock TX
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
Posts: 1,878 since Jul 2009
Thanks Given: 1,450
Thanks Received: 3,335
Why don't you guys describe how you're using this bar in trading...
January 17th, 2013, 12:39 PM
Lubbock TX
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
Posts: 1,878 since Jul 2009
Thanks Given: 1,450
Thanks Received: 3,335
This is something I've noticed. Have no idea if it is viable or not but seems to have potential. It is by no means a mechanical system. Need to make an assessment of the market to determine if it's moving well. Otherwise, as with most rule sets, consolidation areas can cause real issues.
You can see the market and UniRenko definition at the top of the chart.
Attached Files
Elite Membership required to download: SMA_BMT.zip
Thanked by:
Abde , Affliction , Arno66 , Big Mike , boxi , brwdbill , buddy858 , candy , cazimi , Davidka , ddspock , dwt51 , franjah64 , Gizmosis350k , jlwade123 , KeithL , Kelsey , NJAMC , pacopil , panama , panjm , pedrobraz , pip29 , Raj1 , rickr , Riverend , stealth38 , steve2222 , tcwairoa , TempletonPeck , TheBoy , trade65 , trs3042 , urocktwo , wahn , williamkao , wuhui6 , zaydie69 , zeller4
January 17th, 2013, 12:56 PM
Lubbock TX
Experience: Intermediate
Platform: NinjaTrader
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Trading: CL
Posts: 1,878 since Jul 2009
Thanks Given: 1,450
Thanks Received: 3,335
I think my description was little more complicated that it needed to be.
For a LONG: The price proxy must form a SWING LOW, to start the trend. A higher SWING LOW with entry on CYAN. Exit is on NAVY.
For a SHORT: The price proxy must form a SWING HIGH, to start the trend. A lower SWING HIGH with entry on NAVY. Exit is on CYAN.
Thanked by:
Affliction , Arno66 , buddy858 , Davidka , panama , rickr , trs3042 , urocktwo , williamkao , zaydie69 , zeller4
January 17th, 2013, 12:58 PM
Holland, Michigan
Experience: None
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Broker: CQG
Trading: Acoustic Guitar
Posts: 1,617 since Jun 2009
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MWinfrey
This is something I've noticed. Have no idea if it is viable or not but seems to have potential. It is by no means a mechanical system. Need to make an assessment of the market to determine if it's moving well. Otherwise, as with most rule sets, consolidation areas can cause real issues.
You can see the market and UniRenko definition at the top of the chart.
@MWinfrey
Hello Mike. Hope all is well with you. I was wondering if you would post the moving average your using with the UniRenko bars. I've just starting looking at these UniRenko bars and I like what your doing here.
Thank you,
Rick
"If you're going to panic during a trade............. panic early."
January 17th, 2013, 01:26 PM
Lubbock TX
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
Posts: 1,878 since Jul 2009
Thanks Given: 1,450
Thanks Received: 3,335
trs3042
@
MWinfrey
Hello Mike. Hope all is well with you. I was wondering if you would post the
moving average your using with the UniRenko bars. I've just starting looking at these UniRenko bars and I like what your doing here.
Thank you,
Rick
Added it to the original post.
January 17th, 2013, 01:31 PM
Holland, Michigan
Experience: None
Platform: ninjatrader
Broker: CQG
Trading: Acoustic Guitar
Posts: 1,617 since Jun 2009
Thanks Given: 23,764
Thanks Received: 5,616
MWinfrey
Added it to the original post.
Thank you Mike. I appreciate you sharing this with us.
Rick
"If you're going to panic during a trade............. panic early."
January 17th, 2013, 02:09 PM
Holland, Michigan
Experience: None
Platform: ninjatrader
Broker: CQG
Trading: Acoustic Guitar
Posts: 1,617 since Jun 2009
Thanks Given: 23,764
Thanks Received: 5,616
@MWinfrey
One more question Mike. Is you chart background color 123,154,123?
Thank you,
Rick
"If you're going to panic during a trade............. panic early."
January 17th, 2013, 04:50 PM
Lubbock TX
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
Posts: 1,878 since Jul 2009
Thanks Given: 1,450
Thanks Received: 3,335
trs3042
@
MWinfrey
One more question Mike. Is you chart background color 123,154,123?
Thank you,
Rick
yes
January 17th, 2013, 05:55 PM
Manta, Ecuador
Site Administrator Developer Swing Trader
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,621 since Jun 2009
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Thanks Received: 101,989
MWinfrey
This is something I've noticed. Have no idea if it is viable or not but seems to have potential. It is by no means a mechanical system. Need to make an assessment of the market to determine if it's moving well. Otherwise, as with most rule sets, consolidation areas can cause real issues.
You can see the market and UniRenko definition at the top of the chart.
@MWinfrey , a reminder this thread is not Elite, your attachment says "futures.io (formerly BMT ) Elite" so wasn't sure if you realized this.
Mike
Last Updated on April 3, 2023