The
indicator shown is on a 10brick renko chart and the indicator settings
are 150,300,10,200. It is very simple, when a green dot forms and then
closes, i enter a buy position on the open of the next dot. Conversely
when a red dot forms and closes i enter a sell position on the open of
the next dot. Essentially looking at the chart anywhere where i have at
least 2 consecutive green or red dots is a winning trading. I would exit
on the close of that dot in which i had entered my position.
I
need to eliminate some of the whipsaws. I have taken a few
snapshots and the whipsaws i have shown with a yellow arrow(had i
entered would have been losing tradings). Again anywhere where you see 2
or more of the same color dots would have been winning trades. I need
those whipsaws to be eliminated or very close too.
I simply need a filter added to smooth out the whipsaws/false signals.
I would prefer
getting a prototype first before assigning the job(You can put an expiry
time on it), so funds and time are not wasted in the event i have to
cancel the assigned job due to non conformity.
NO REPAINTING FILTERS OF ANY KIND
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