Thanks Brother,

The Renko chart now looks more amazing than ever after setting UseBrickTimeStep = false. Almost perfect turning point.    

Yr Renko Chart still using Bulls Bear Indicator or have U changed template? Sorry for asking as I’m still jumping threads. Not enough time to read all your fabulous stuff yet.

Best Regards

Hi Brother,  Just follow your Daily Chart.  When there’s conflict signals between TF you should look at higher TF as reference. You may take the lower TF signal but should consider it, as ‘counter trade’ with tight SL and TP.

Hope it help and best regards.

MTH

Hi Brother,  Happy New Year too..

Yes of course, since on Daily chart SnS will look only complete daily candle to put ‘her’ signal, while on H4 chart, SnS will put ‘her’ signal on any H4 candles that confluence with signal on Daily Chart.

Hope it help and best regards

MTH

Hi Brother,  Happy New Year too..

Yes of course, since on Daily chart SnS will look only complete daily candle to put ‘her’ signal, while on H4 chart, SnS will ‘her’ signal on any H4 candles that confluence with signal on Daily Chart.

Hope it help and best regards

MTH

Hi Brother, of course there will be no TZ at your marked area, bricks configuration at that area don’t has enough length for your h choice TZ.

btw, try to turn off  timely brick (set to false) that create the parallel bricks, so you could get pure geo-renko chart.

TVI on renko chart will not so good, since tick volume data on renko chart is…[Read more]

Yes Brother,  maybe different with your projection concept but sometime geometrical angles projection is amazing and fun too… hehehe..

Happy Trading and Best Regards

MTH

From geometrical point of view there so many ‘moment’ when ‘close price’ in opposite with current angles… lol.

That’s great Brother..

MTH

Hi Brother,

Since my renko chart default is my invented geo renko (1/8 th step of brick length that will create 45 / 315 degrees angles). So, 1 turning point from bullish brick to bearish brick v.v.  will need 16 bricks or 32 bricks for complete cycle.  so, for TZ in renko you can set your wing (h) as 8, 16 or 32, but I prefer 16.  No matter th…[Read more]

Hi Kiads,

Pls refer to attached pic. This happen on EURUSD no TZ is being marked maybe because h value is at 10. The arrows are iFractal by Saver0. The arrows looks good on Renko chart but abit messy(Period=6) on normal candlestick chart(maybe too short). If based on arrows and yr TVI higher TF we should just take long trade only. Only thing is…[Read more]

Hi Kiads,

Pls refer to attached pic. This happen on EURUSD no TZ is being marked maybe because h value is at 10. The arrows are iFractal by Saver0. The arrows looks good on Renko chart but abit messy(Period=6) on normal candlestick chart(maybe too short). If based on arrows and yr TVI higher TF we should just take long trade only. Only thing is…[Read more]

Hi Kiads,

Pls refer to attached pic. This happen on EURUSD no TZ is being marked maybe because h value is at 10. The arrows are iFractal by Saver0. The arrows looks good on Renko chart but abit messy on normal candlestick chart. If based on arrows and yr TVI higher TF we should just take long trade only. Only thing is might miss the setup because…[Read more]

Hi Kiads,

Pls refer to attached pic. This happen on EURUSD no TZ is being marked maybe because h value is at 16. The arrows are iFractal by Saver0. The arrows looks good on Renko chart but abit messy on normal candlestick chart. If based on arrows and yr TVI higher TF we should just take long trade only. Only thing is might miss the setup because…[Read more]

CTZ = Confirmed Transient Zone

PTZ = Potential Transient Zone (still forming)

Fractal Transient Zone = Highest or Lowest Point of h value (something like Reversal)

Mid Transient Zone = Trend Continuation (something like Breakout)

RZ = Recurrent Zone

Hope it helps, Pls correct me if I’m wrong, thx.

Hi Kiads,

I got a stupid question to ask, if I’m using renko chart what’s the h value u r using for renko chart?

And I observe there’s no mid TZ in renko chart, am I correct?

And U take entry when its CTZ or still a PTZ?

Like ping pong entry?

Hi Brother, the length of h is relative to conditions..

but you could use common sense to select your h.  The default setting h =21 is for Daily chart, as we know that 1 month trading days is around 21 days averagely.

M15 h=16, M30 h=8, and H1 h=4, meaning each wing forming 4 hours candle.. , so one TZ will has length of 8 hours or…[Read more]

Thanks for the explanation, regarding about the two zones both Fractal TZ?

Do u mean 1st is Confirmed TZ 2nd is PTZ? or both CTZ?

Do u mind posting any pic to illustrate your point if its possible, thx.

Hi PiratePip,

I have a question to ask. I find it quite difficult to trade TZ. It looks definitely nice on history charts but trying to trade it is still quite a gray zone for me. How do u trade TZ?

1) Counter Trend or Trend Trades or both?

2) Entry when its PTZ or CTZ?

3) If CTZ most of the time depending on the h value, price will have mo…[Read more]

Healthy approach Pirate

Subscribed.

cheers

h

Hi Brother, nice to see your post here…

Yes, TVI is lag indicator (the peak and valley markers). they will appear after 2 candles. We could use this TVI as our price cycle references (the MTF version), by looking at higher TF,  and the markers will still effective in trending market (big cycle curve).

hope it help and best regards

MTH

Close is only illusion, it’s only relative point in time that record price.

In time base chart,  when there is no movement at all for let say 1 minute,  your 1 minute candle will visually see as flat line, where Open = High = Low = Close.. lol.

At Weekend  if there is no what we commonly called Gap,  then weekend candles is a chain of flat lin…[Read more]