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Replies to #418 on RENKO CHARTS

Soapy Bubbles

06/21/08 4:26 PM

#422 RE: laurap #418

Looking good. Let's compare it to what I did and see who's got what.



We pretty much have the same things except I like to use points. In this case, I used a penny as the pointsize (blocksize) since the stock tends to vary in steps of 1c.

Also, I included both CCI(20) and CCI(2). The reason why is in the iBOX. Notice that the Slope(20) shows that the buy signal at 12:50 is a real buy signal -- the CCI crossing and Slope confirm buying into the uptrend that follows.

Your chart (using ATR) shows a bit of a top forming. (It's a triple top so far -- the last few bricks.) Your setting allows you to see that (along w/ the STO weakening) indicating a time to pay attention.

If you use a pointsize of 0.001 (a bit small) you can see the slope is decreasing -- a good signal for prepping for a sell. Your chart shows this as well and I'd be expecting a flip oppurtunity.

Overall -- pretty good :)