Is it necessary to analyse the bars/curves on the timeframe? - page 4

New comment
 
Alexey Volchanskiy:
Well we can draw our own Renko type candlestick chart, can't we? Make it on this principle, that is, a standalone chart. And how to draw it, I need to think, a thought has just occurred to me.) It may be so, I will post it in KB.
Something like a tick chart, but it will be shifted not at every tick, but with filling of the "brick". As a base - here is such a tick indicator:
Files:
LifeHack_Ticks.mq5  11 kb
 
Karputov Vladimir:
Something like a tick chart, only shifted not every tick, but when the "brick" fills up. As a base, a tick indicator like this:
Thank you, we can take it as a sample, let it be in a subwindow, whatever. If I have time today, I'll try my hand at it )
 
Alexey Volchanskiy:
A thought occurred to me. What if we build the bars on the basis of the speed of price change, i.e. conventionally the first pseudo-derivative? And superimpose the second one on top, i.e. acceleration? I wonder what the result would be? )
In theory, if we consider not bar and candlestick diagrams but as a broken curve, we can easily calculate the first derivatives on period-by-period stretches, they will be constants. And use them to plot the curve.
 
The nastiest consequence arising from price discreteness is the "habit" of price to change direction abruptly at any given time. If you look at tick charts, you can see sharp peaks and spikes, basically all the charms of regular candles. This is the main problem - the sharp change of the movement direction, and there is no way to get rid of it by any conversion.
 
Andrey Dik:
The nastiest consequence arising from price discreteness is the "habit" of price to change direction abruptly at any given time. If you look at tick charts, you can see sharp peaks and spikes, basically all the charms of regular candles. This is the main problem - a sharp change of movement direction, and there is no way to get rid of it by any transformation.
filtering, but then there is a time lag
 
Andrey Dik:
The nastiest consequence arising from price discreteness is the "habit" of price to change direction abruptly at any given time. If you look at tick charts, you can see sharp peaks and spikes, basically all the charms of regular candles. This is the main problem - the abrupt change of movement direction; there is no way to get rid of it by any transformation.
I agree with you, it's a dead end
 
Alexander Antoshkin:
I agree with you, it's a dead-end road.
How about "I agree with you, dead-end road"?
 
Alexey Volchanskiy:
Filtering, but then there is a time lag

Delay is not the worst thing from filtering (smoothing), the worst thing is the price traded, not the result of smoothing.

In short, yes, a dead end. It's more effective to deal with reversals in other ways than trying to transform price and inventing "advanced candlesticks".

 
The entirety of the market is basically alchemy. And analysing the chart in derivatives is quite interesting in terms of the behaviour of volatility by day of the week, hour, etc.
 
Andrey Dik:
The nastiest consequence arising from price discreteness is the "habit" of price to change direction abruptly at any given time. If you look at tick charts, you can see sharp peaks and spikes, basically all the charms of regular candles. This is the basic problem - a sharp change in the direction of the movement, and there is no way to get rid of it by any transformation.
The market is biased - the second postulate of thechanalysis.
So, abruptly, but not quite.
1234567
New comment