Maket sentiment or “True” value is embedded within each bar.

When the sentiment or value contradict the “Close” price – the sentiment will “Win” and the price will correct itself, almost immediatly.

G.

You are right !

I’m used to work with LINE Chart and posting “normal” charts. Sorry  about that.

But you can see that the “Target” is hit even sooner.

G.

I didn’t mention “time” – only direction and price.

It’s almost always only one or few bars away.

G.

I marked several, not all, and didn’t look at the overall trend at all.

G.

Right !!

G.

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]

Beautifull project !!

The most needed features for testing/simulating is:

1. Support for multi-currency.

2. Support for Renko/Range bars.

G.

After data filtering & channel decision we need to attend to the VOLATILITY phenomena in different TF’s.

Typical Volatility behaviour

———————————-

H4 is x6 than DAILY.  Volatility is only  x3.
H1 is x4 than H4.  Volatility is only x2.
H1 is x24 than Daily. Volatility is only x8.

Daily. 150 pips (on E/U)
H4. 50 pips.
H1.…[Read more]

drloyd,

The “Close” of a bar is an artificial stop-watch or snap-shot of the current timeframe.

Sometimes it doesn’t correlate with the market “sentiment” and direction at that time.

Think “out-of-the-Box”, find the market sentiment for that bar and where it “diagree” with the direction and CLOSE price.

G.

Yes, the signal is at current bar close.

G.

It’s simple, really…

Compare current bar CLOSE price to other representations of “current price”.

You’ll find signals that the “CLOSE” is actually not representing current market sentiment.

In most cases “CLOSE” price will correct itself, move to the “right” direction and hit the already known “correct” price on his way.

G.

It’s simple, really…

Compare current bar CLOSE price to other representations of “current price”.

You’ll find signals that the “CLOSE” is actually not representing current market sentiment.

In most cases “CLOSE” price will correct itself, move to the “right” direction and hit the “correct” price on his way.

G.

It’s simple, really…

Compare current bar CLOSE price to other representations of “current price”.

You’ll find signals that the “CLOSE” is actually not representing current market sentiment.

In most cases price will correct itself, move to the “right” direction and hit the “correct” price on his way.

G.

The signals are immediatly after bar CLOSE.

There are more samples in this chart, just didn’t want to clutter it, just to show the pricipal.

It works on ALL timeframes.

Hi Brother,   your example image is EURUSD M1 candlestick chart as your base chart with my renko chart builder indicator loaded but where is your M11 (default) offline renko chart image ?

do you already try to look at your open offline window (MT 4 Menu / File / Open Offline ) then search and click EURUSD M11 to open your offline renko chart ?…[Read more]