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Old 07-23-2007, 07:13 PM
feb2865 feb2865 is offline
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Smoothing out price

Hello

It has been something I wanted for so long. I don't like noise at all in my trading, but you must live with it. This is just a very subjective way I have to look at the markets.


Note: For those who need shadows as a price reference, my apologies as this practically eliminate shadows. I do believe that hammers are powerful
I am on this 14 days tryout with sierra charts and I found something very interesting. First here's the mix

1) Heikin-Ashi Bars
2) Hull Moving Average - 8-periods
3) Time frame I am using just for illustration purposes - five minutes

I am setting the bars as a main price graph, You can't see the Hull moving average as is calculated as a main price graph, running along with Hekin-Ashi bars.

At the beginning seems to me as renko bars, which I never get them to work. I decided to try the on real time today 7/23 and they move pretty much like regular candlesticks. It felt like a walk in the park....really smooth.

I loaded two charts one was the fed day(traditionally choppy) and the other was Friday 7/20 with a nice selloff. Even on the fed day, there's some recognizable swings.

Any input will be appreciated

Thanks in advance
Attached Images
File Type: jpg Trendy day.JPG (82.8 KB, 277 views)
File Type: jpg Choppy Day - fed day.JPG (83.6 KB, 242 views)

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