As you know I've been experimenting with these Bullish Percent
charts via converting them to simple 1.0 box Renko charts for
signals, the GDX BPGDM is the first example.
here's XLE and BPENER bullish percent index plotted as a 1.0
Renko chart along with the statistics, which are very good. I added
one rule, a MACD cross was needed on a normal candlestick chart as
well as the Renko chart - so basically you need both chats to
confirm a signal, NOT just the renko chart. I assume one
could do this with the BPGDM GDX chart a well.
anyway fun exercise so far. I assume you could do that
will all the Bullish percent charts, save for the major indexes
it's the same settings as the BPGDM Renko, all you have to do is
change the symbol, otherwise here's the URL's, remember I did that
so as not to curve fit, I use the same settings across the
board
BPENER Renko system similar to the GDX one
Posted by matt on 27th of May 2015 at 10:51 pm
As you know I've been experimenting with these Bullish Percent charts via converting them to simple 1.0 box Renko charts for signals, the GDX BPGDM is the first example.
here's XLE and BPENER bullish percent index plotted as a 1.0 Renko chart along with the statistics, which are very good. I added one rule, a MACD cross was needed on a normal candlestick chart as well as the Renko chart - so basically you need both chats to confirm a signal, NOT just the renko chart. I assume one could do this with the BPGDM GDX chart a well.
anyway fun exercise so far. I assume you could do that will all the Bullish percent charts, save for the major indexes
Matt, Can you include links
Posted by jroger on 28th of May 2015 at 12:13 pm
Matt, Can you include links to these charts. I made up a $BPGDM chart to keep an eye on but it took me awhile. Great chart, nice to have.
yes, I second the request!
Posted by tsurplus on 28th of May 2015 at 01:24 pm
it's the same settings as
Posted by matt on 28th of May 2015 at 01:33 pm
it's the same settings as the BPGDM Renko, all you have to do is change the symbol, otherwise here's the URL's, remember I did that so as not to curve fit, I use the same settings across the board
BPENER Renko
XLE Daily candle chart
use the daily candlestick chart to confirm or filter BPENER renko
links for charts
Posted by pallwitz on 28th of May 2015 at 06:36 am
Could you please post links for these charts? Thank you
pallwitz- did you review the newsletter
Posted by matt on 28th of May 2015 at 10:20 am
pallwitz- did you review the newsletter last night or this morning? charts in the newsletter contain links