Which Chart Type?

Which Chart Type(s) do you use?

  • Candlesticks

    Votes: 36 48.0%
  • CandleVolume

    Votes: 0 0.0%
  • OHLC Bars

    Votes: 14 18.7%
  • EquiVolume

    Votes: 0 0.0%
  • Line

    Votes: 5 6.7%
  • Kagi

    Votes: 0 0.0%
  • Point & Figure

    Votes: 7 9.3%
  • Renko

    Votes: 5 6.7%
  • Three Line Break

    Votes: 3 4.0%
  • More than One of the Above

    Votes: 5 6.7%

  • Total voters
    75

ilia king

Well-known member
327 0
Bramble, I use a OHLC Bar Chart with a 1 day moving average to act like a line. But Kagi and Renk!!!! How do you know what price it is with them?
 

chump

Senior member
2,212 274
One that I specifically created for my personal needs..I call it the Rorschach chart and it is infallible....
 

TheBramble

Legendary member
8,394 1,170
Not too far off the mark Chump. We all tend to see things in the charts from time to time that aren't 'really' there.
 

zambuck

Experienced member
1,608 102
Hi all...have used all...Renko...Kagi...and candles..(to find way forward..!!)

I think the kagis are nearest thing japanese have to P & F....have many similarities...all have almost same way of 'filtering' the 'noise'...I think the best way to trade is using a charting method that has ability to filter 'whipsaws'....Renko is similar but has different way to claculate the data....

Candles is the odd man out as candle charts do not do what other two do...candles are like bar charts that shows all....and no filtering of whipshaws...

I would suggest Stebve Nisons epic..Vol 2 to read about kagi and renko...
 
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zambuck

Experienced member
1,608 102
.....sorry I should have mentioned three line break as well in above discussion...which is also similar to p & f charting

regards
 

BBB

Experienced member
1,071 3
...but whipsaws are important. I want to see them. They tell me what market movers are up to.
 

TheBramble

Legendary member
8,394 1,170
Yes, but a whipsaw to one person could trigger their stop, while that same whipsaw to another, it is just noise.

The filter is the amplitude of the noise that we decide to ignore.

BTW - I'm surprised at this stage (candles 12 / OHLC bars 8) just how many use bars (for other than relaxing...).
 

TWI

Senior member
2,536 254
To quote Steve Nison
"Darness Lies One Inch Ahead"
"May The Candles Reveal New Paths"
 

BBB

Experienced member
1,071 3
Quote:
Yes, but a whipsaw to one person could trigger their stop, while that same whipsaw to another, it is just noise.

Interesting. I don't follow the idea of 'noise'. I dont believe there any such thing. Every tick is important. It shows important price discovery points. Of course, this is only relevant to the time frame you are trading. Stop running is important to my comprehension of the market. I want to know when and where it is happening.

As for Mr Nisson, I read somewhere the other week that he couldn't trade his way out of his hat. Apparently, that came from his manager while he was working at Merrill Lynch in the 80's. Assuming that this was in the 'public domain' and potentially libellous if false.....Those who can't, teach.
 

TWI

Senior member
2,536 254
Wouldn't be surised as he did find time to write 2 books. Was probably on extended "gardening leave" post Merrill. Think it improved my knowledge of Candles tho. Saying that, I rarely take traditional signals from them.
 
 
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