The "XO"-Method......... - page 113
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Yes they do, but due to the XO nature (stacking that changes in one single bar), the time is compressed (not even time independent, like renko) , and the results are deformed compared to price changes
Interesting observation NBT.
Why "would the results be deformed" you think? Unless I interpret "deformed" incorrectly in this case?
That is a result of XO calculation : see the average duration of one XO bar - they can vary a lot
That is a result of XO calculation : see the average duration of one XO bar - they can vary a lot
That renders the momentum useless
That renders the momentum useless
I would like to see in practice
I would like to see in practice
That is the same as renko
That is the same as renko
Not exactly the same as renko, but they are calculated in a very similar way
Not exactly the same as renko, but they are calculated in a very similar way
Yep. XO as we know it is spread over time, and renko is not
Yep. XO as we know it is spread over time, and renko is not
The XO view is the most condensed view on price swings - the entire swing leg is displayed as a single column. Time spent on every column might be extremely long (and still you are not losing any turning point), that the PnF chart prints additional time informations inside the column to display the evolving time in detail.
On the other hand, Renko with identical brick size prints much more bars, so the time information for every bar is sufficient.
The XO view is the most condensed view on price swings - the entire swing leg is displayed as a single column. Time spent on every column might be extremely long (and still you are not losing any turning point), that the PnF chart prints additional time informations inside the column to display the evolving time in detail.
On the other hand, Renko with identical brick size prints much more bars, so the time information for every bar is sufficient.I suppose you think of the XO chart not the XO indicator?
I suppose you think of the XO chart not the XO indicator?
Very true, I totally missed the thread topic.