MTH Renko Builder Indicator

[MTH2014]

iPenguin wrote:

Hi, Dear Kiads, it’s really strange that I can’t see your pictures posted in the thread, and I can see other guy’s picture. I have changed my Chrome to IE, but it’s still the same. I don’t know why, you can see my attachment.

Hi Brother, if you also attach picture in your post then indeed it is weird that I also can’t see your attachment.. (there’s no attachment at all in your post)..

I don’t have any answers about this, maybe our Admin Saver0 could help..,  and is there anyone that also has similar problem.. ?

Best Regards

MTH

Edit : wow, now i see your attachment pictures.. lol,  but would you please delete it and only post 1 small picture.. for example..   that one is too big even for 1 page.. lol.

I use photobucket as my image hosting,  is there any restriction from your ISP /country to see photobucket content ? would you try to see my share video at my geometrical charting thread..  is it also cannot see by you ?

 

 

 

• This reply was modified 11 years, 4 months ago by MTH2014.
• This reply was modified 11 years, 4 months ago by MTH2014.

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Nostrum]

Hi Kiads, thanks for helping to many people. I wrote before but I dont know if you got my message, my Internet is very vey slow in my country. I still keep trading with your MTH MT4 B604 Georenko bar and your B610 SSA CycDiv indi with good results, but Id like to include the classic bull bear indicator, as a way to avoiding the market may go too far from my entries. In what post can I download classic bull bear indicator please??. My Mt4 vesion is 4 Build 670 (July 4, 2014). Thank you so much Kiads.

[MTH2014]

Nostrum wrote:

Hi Kiads, thanks for helping to many people. I wrote before but I dont know if you got my message, my Internet is very vey slow in my country. I still keep trading with your MTH MT4 B604 Georenko bar and your B610 SSA CycDiv indi with good results, but Id like to include the classic bull bear indicator, as a way to avoiding the market may go too far from my entries. In what post can I download classic bull bear indicator please??. My Mt4 vesion is 4 Build 670 (July 4, 2014). Thank you so much Kiads.

Hi Brother, Thank You for your support and forgive me if I don’t know your previous message..

It is ok to use the old version of MT4, but always be prepare for the newest change, because MT4 environment sometime has a sudden change and not backward compatible with the old one.

About standard bull and bear indicators, they always including in your MT4 just like MA, BB, RSI, etc.  so you don’t need to download them.  But if you want to use them as I use it  you could try template from post 1 of my TZ and friends thread.

Or you could learn Saver0 Bull Bear Power Indicator.. , and if you want to use this indicator with geo renko chart (12.5% shift), you could set the TimeFrame to M1 , set diff to true, and set Last Bars to 32. Then overlay standard MA with period:3 shift:3 MA mode:simple, Applied to : First Indicator Data.

Hope it help and best regards

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Nostrum]

Thank you so much kiads, Ill take in to account your advices. Yes, I meant to use this indi as your use it. If I have any other question, Ill contact you, thank you for your time to all of us.

 

 

[Edington]

Kiads, your work is simply amazing. I found your tread on ff while researching renko. I think you really brought a revolution to renko. You are a great man to share your vast knowledge brother. Salut, Michael

[MTH2014]

Edington wrote:

Kiads, your work is simply amazing. I found your tread on ff while researching renko. I think you really brought a revolution to renko. You are a great man to share your vast knowledge brother. Salut, Michael

Thank You Brother,  sorry for late reply and my bad English..

Welcome to the club.., and feel free to contribute in our forum here, hopefully we can learn together..

Wish You All the Best

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Edington]

Thank you kindly. My head is still spinning around from all the information. I feel that I have learned more in the past few days following your posts on ff, than i have learned in cca 3 years i have been trading and charting. I am now experimenting with the renko builder,cyc div and itchimoku. Results are impressive. I will contribute in every way i can. Best of wishes and have a great weekend. And thank you. Michael

[Edington]

The cyc div indicator is really interesting. In addition to hunting for regular setups, I would like to note that it is also rewarding to hunt for hidden divergence signals as they tend to provide really good trades. P.S. This is a chart with regular renkos and cyc.

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[MTH2014]

Edington wrote:

The cyc div indicator is really interesting. In addition to hunting for regular setups, I would like to note that it is also rewarding to hunt for hidden divergence signals as they tend to provide really good trades. P.S. This is a chart with regular renkos and cyc.

Yes Brother,  You could also use default SSA CycDiv Indicator with standard candlestick chart with same result..

As long as You know how to ‘deal’ with ‘repaint/normalizing’  type indicators..

Best Regards

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Edington]

Great indicator brother. Very universal. I try to counter the repaint by buying when the price action is beyond the extreme tma band. That way, if it turns around, it minimizes loses. BTW, tma bands are also great. I know they also repaint, but they complement SSA CYC very well. It is a bit of an art to read, interpret and then position yourself.

Best regards brother and happy trading. And congratulations on the EUR/USD winnings

[Edington]

Hello Kiads,

I am trying to switch towards shifted renko and I would like to ask you a question. I have created a new templete using sma17s and bollinger bands, but i am not sure about the settings. After playing with the Bbands, i am guessing its standard deviation 3, medianprice hl2? Does this look alright? Thank you.

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[MTH2014]

Edington wrote:

Hello Kiads, I am trying to switch towards shifted renko and I would like to ask you a question. I have created a new templete using sma17s and bollinger bands, but i am not sure about the settings. After playing with the Bbands, i am guessing its standard deviation 3, medianprice hl2? Does this look alright? Thank you.

Yes Brother, you could use that setting,  the basic principle is.. as long as you could see the different when BBMA outside cross signal and SSA CycDiv wave line show you their combination signals, it is Turning point signals or continuation signals..

Hope it help and best regards

MTH

 

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Edington]

It helps alot. Thank you brother. I have said it already, but i will say it again. – Your work is genious. The more i dig into it, the more it fascinates me.  I think that all the pieces of the “puzzle” are coming together.  

[MTH2014]

Edington wrote:

It helps alot. Thank you brother. I have said it already, but i will say it again. – Your work is genious. The more i dig into it, the more it fascinates me. I think that all the pieces of the “puzzle” are coming together.

Hi Brother, in my previous thread at FF I just explain about BBMA 17 outside cross signal that could give us ‘leading’ signal before it happen, but the accuracy is not so high.

In this forum thread I’ll give you the BBMA inside cross signal that little bit ‘lagging’ signal but will give you more confidence because the accuracy is more higher..

and we will use BBMA 9 instead of BBMA 17.

For BBMA 9 setting, just look at this explanation picture bellow;

Hope it help and have a nice weekend

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Edington]

Excellent material. Thank you for sharing this. I was experimenting earlier with BB bandwidth indicator, to see if I can be used as confirmation. I guess you are way ahead of me

Just using Geo Renko, SSA cycdiv and knowing divergences alone is a very powerful tool. This adds even more dimension to it. I am looking forward to doing  more testing tomorrow and running simulations on demo next week.

Thank you again and have a great Sunday.

[joker]

Hello Kiads,
Actually i find your renko indicator at tsd forum .

I was interested your renko trading system i find at ff forum.

Just want to double confirm with you , i read at the tsd forum and have some one find out the problem when using MA filter alert .

And mladen at tsd was say may be is the code have some wrong .

Copy from Tsd :

Since almost all the renko chart builders are based on the same original code, it is almost sure that the indicator has this part of code (or the same but without the “1” in the name of the variable) :

if(PrevTime1 < Time[i1]) <b>PrevTime1 </b>= Time[i1];
else <b>PrevTime1</b>++;

If that is so, it is trying to change the time of the bar at each tick. But that can be checked only in run time – when the market is opened

 

So can you confirm ,because i also like to use MA alert to find the trend .

Thank you .

Joker.

[BalrogTrader]

Kiads,

My SL’s killed me for the past 5-6 months. Right now I’m experiencing trading without using SLs. (don’t think that I stopped. I’ll always try until I become a sustainably profitable trader)… Next perhaps I’ll try the new BBMA9 without SLs (still haven’t touched sergio Borsani thread). Anything worth sharing I’ll post here.

Best regards…

Nothing has ever motivated me more than this...

[MTH2014]

joker wrote:

Hello Kiads, Actually i find your renko indicator at tsd forum . I was interested your renko trading system i find at ff forum. Just want to double confirm with you , i read at the tsd forum and have some one find out the problem when using MA filter alert . And mladen at tsd was say may be is the code have some wrong . Copy from Tsd : Since almost all the renko chart builders are based on the same original code, it is almost sure that the indicator has this part of code (or the same but without the “1” in the name of the variable) : if(PrevTime1 < Time[i1]) <b>PrevTime1 </b>= Time[i1]; else <b>PrevTime1</b>++; If that is so, it is trying to change the time of the bar at each tick. But that can be checked only in run time – when the market is opened So can you confirm ,because i also like to use MA alert to find the trend . Thank you . Joker.

Hi Brother, Thank You for your advice…

Mladen is one of my great virtual teacher.., and yes it’s true that most of offline chart builders (EAs /Scripts or Indicators), use time comparing updater to emulate online chart..

but your example is weird,

In my understanding,  if  ‘previous time value’ is less than ‘current time value’  that mean there’s new bar in base/resource data chart,  and the offline chart builder should update the new bar price value,  and after the price value ‘update’  then  ‘current time value’ should become ‘previous time value’ and the loop stopped.  And  current opening bar time (in this case M1 bar) only change every minute, and not every tick.  So, we don’t use Time inside ‘For’ loop but  we use Time[0].

it will look like;

if   (PreviousTime <  Time[0])
     {
     updating value codes....

     PreviousTime = Time[0];
     }
     // so, we don't use any 'else' here to incrementally increase PreviousTime variable value..

Hope you understand and Best Regards

MTH

 

• This reply was modified 11 years, 4 months ago by MTH2014.

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[MTH2014]

BalrogTrader wrote:

Kiads, My SL’s killed me for the past 5-6 months. Right now I’m experiencing trading without using SLs. (don’t think that I stopped. I’ll always try until I become a sustainably profitable trader)… Next perhaps I’ll try the new BBMA9 without SLs (still haven’t touched sergio Borsani thread). Anything worth sharing I’ll post here. Best regards…

Hi Brother,  SL was there to protect us from more ‘worst’ losing condition. So,  SL should not become our problem at all, mostly the problem is in relation with over trades or wrong chart reading on current direction bias..  or wrong SL ‘range’ for current Time Frame (in candlestick charts)  or ‘average wave length’ (in renko /constant range bars charts).

You could learn as many technical analysis as you like to help you take your entry decisions, but please try to learn the only one strategy that needed by trader like us, which is strategy on how to ‘turn your current losing positions’ to become profitable or at least breakeven at the end of your trading the day..

Best Regards.

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Edington]

Brother, not using SL is very dangerous. It may be “alright” if you are constantly at your tradestation and even then it is not a guarantee.  You did see the recent CHF situation? 13% down in a few minutes. I know someone who was trading in real account CHF pair, and his account got split. And get this – he had a stop loss. It was due to slippage. If no stop loss, the account would be wipped out. Be careful.

 

Best Regards,

Michael

[joker]

MTH2014 wrote:

joker wrote:

Hello Kiads, Actually i find your renko indicator at tsd forum . I was interested your renko trading system i find at ff forum. Just want to double confirm with you , i read at the tsd forum and have some one find out the problem when using MA filter alert . And mladen at tsd was say may be is the code have some wrong . Copy from Tsd : Since almost all the renko chart builders are based on the same original code, it is almost sure that the indicator has this part of code (or the same but without the “1” in the name of the variable) : if(PrevTime1 < Time[i1]) <b>PrevTime1 </b>= Time[i1]; else <b>PrevTime1</b>++; If that is so, it is trying to change the time of the bar at each tick. But that can be checked only in run time – when the market is opened So can you confirm ,because i also like to use MA alert to find the trend . Thank you . Joker.

Hi Brother, Thank You for your advice… Mladen is one of my great virtual teacher.., and yes it’s true that most of offline chart builders (EAs /Scripts or Indicators), use time comparing updater to emulate online chart.. but your example is weird, In my understanding, if ‘previous time value’ is less than ‘current time value’ that mean there’s new bar in base/resource data chart, and the offline chart builder should update the new bar price value, and after the price value ‘update’ then ‘current time value’ should become ‘previous time value’ and the loop stopped. And current opening bar time (in this case M1 bar) only change every minute, and not every tick. So, we don’t use Time inside ‘For’ loop but we use Time[0]. it will look like;

if   (PreviousTime <  Time[0])
     {
     updating value codes....

     PreviousTime = Time[0];
     }
     // so, we don't use any 'else' here to incrementally increase PreviousTime variable value..

Hope you understand and Best Regards MTH

 

Thanks for your answer , finally i know how it work

[Markkson]

Thanks for the indicator that makes so nice looking charts

What pipe size renko charts with flip mode/without do you suggest for EurJpy pair.

I thought to use 5 10 15 25 and 30 or is it too much or mayby 8 15 30,

[Heine Andersen]

Good evening.

 

I am totally novice in the forex community but done it quite well in the stock trading department. However now that I want to learn how to trade forex I stumbled over this site after I read about Kiads moving and all the promising words on forexfactory and that made me drop overhere… I now have a forex accout at ICMarket and i have myself an mt4 trade station or whatever you guys call it :) I now want to get a good renko setup and it seems this is the place to get what I need. If i try to install an ex4 file it ask what I want to open it with and I honestly have no idea what to do. Can you help me by posting the files I need to get my mt4 up and running and how to install files like ex4. I will be very gratefull for any assistance ;)

 

[MTH2014]

Markkson wrote:

Thanks for the indicator that makes so nice looking charts What pipe size renko charts with flip mode/without do you suggest for EurJpy pair. I thought to use 5 10 15 25 and 30 or is it too much or mayby 8 15 30,

Hi Brother,  Sorry for late reply..

For any JPY pairs, first you may set the starting point to 140.500 this is good starting point price for all JPY pairs.  For the size of the renko brick the default 8 shifted 12.5% meaning every steps is 1 point up or down (for geometrical renko chart).  so if you want bigger brick size you could increment the size by 4 or 8 like 12 (1.5 point step) 16 (2 point step), 24 etc as long as your shift is 12.5%.

If you want to use 5 point brick size with 1 point step then you should change you shift by 20%.

Flipping is also base on percentage, so if you set your flip by 50% in renko chart with 8 point brick size, then the flipping distance would be 4 point.

Hope you understand and best regards

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Heine Andersen]

Kiads any chance you could add the file for the renko chart to this thread… It would be very appresiated ;)

 

Heine Andersen

[Author]

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