Interesting. I have two BP Charts on the BPSPX. One has two up
candles and the SAR kicked in bullish. The other one up candle and
no SAR change. They have different box settings. Maybe Matt
can explain them.
guys just for clarification I use 1.0 for box size because the
bullish percent charts are from 0 - 100%, so represents a 1% move,
and also I'm no trying to curve fit, which is why I keep it at 1
vs1.39 or 1.5 or whatever.
Thanks for explaining that Matt. Do traders who follow this
chart usually take long trades during the day, at close or next AM?
Seems like a big news day tomorrow so I just stayed put.
one could do either or. It's gonna flip intra day and probably
for better prices than the close. If one were to take a signal
intra day and it flipped back you would just have to adhere to it
and exit as well. Or you can wait for the close, your choice. And
the stats I show are end of day as I have no way to go back and see
what prices it would have flipped at intra day
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Interesting. I have two BP
Just noticed the SPX Renko daily chart is turning up. ...
Posted by EdZ on 21st of Aug 2019 at 01:56 pm
Interesting. I have two BP Charts on the BPSPX. One has two up candles and the SAR kicked in bullish. The other one up candle and no SAR change. They have different box settings. Maybe Matt can explain them.
Yes, looks like one of
Posted by cozz101 on 21st of Aug 2019 at 03:32 pm
Yes, looks like one of yours is 1.55 box setting and the one I am following is 1.0, like your second chart.
guys just for clarification I
Posted by matt on 21st of Aug 2019 at 03:48 pm
guys just for clarification I use 1.0 for box size because the bullish percent charts are from 0 - 100%, so represents a 1% move, and also I'm no trying to curve fit, which is why I keep it at 1 vs1.39 or 1.5 or whatever.
Thanks for explaining that Matt.
Posted by cozz101 on 21st of Aug 2019 at 04:27 pm
Thanks for explaining that Matt. Do traders who follow this chart usually take long trades during the day, at close or next AM? Seems like a big news day tomorrow so I just stayed put.
one could do either or.
Posted by matt on 21st of Aug 2019 at 07:20 pm
one could do either or. It's gonna flip intra day and probably for better prices than the close. If one were to take a signal intra day and it flipped back you would just have to adhere to it and exit as well. Or you can wait for the close, your choice. And the stats I show are end of day as I have no way to go back and see what prices it would have flipped at intra day