Smoothing out price

[feb2865]

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

[walterw]

Nice Charts Raul... did you try how the 144 tick would look with that heikin ashi ? would like to see some of that... by the way I am trying on 110 Tick since your input and its much more robust... thanks Walter.

[feb2865]

Here's using 144 tick charts

look how smooth the price is


look at the pullbacks

sweet! and all in real time

[walterw]

Raul : when you are reffering to "real time" would that be the fact that once a bar gets closed it wil not repaint in the future ? so what you see is what you get ? It just looks too good, you could perfectly time your trades with the color change and vuala ¡¡ cheers Walter.

[walterw]

You could actually time your entries on the second red bar after a pullback there.... just an idea.... cheers Walter.

[feb2865]

Walter

I still trying to digest this new stuff. I traded to day with just a couple of contracts, only using the bar repaint as an indicator and it worked like a charm.

Actually I sold YM @13913 and I got out with a minor scratch as the bars repainted to the other side (bullish) I closed my position and went long @13921 with the idea of capturing 20 ym points. If you notice what I really did was to buy on the pullback as the market sold off today. It reached my target and actually went up to 13957 area before reversing. That would be a cool 36 points if I stayed on the trade before the bars re-painted again.

I even could got away with a tight stop on the reversal. Stop - 13957 Entry 13946 and I would get the whole sell-off......just looking at the bars

At this point sincerely I don't know what to think.

[walterw]

	Quote:	feb2865
	Walter I still trying to digest this new stuff. I traded to day with just a couple of contracts, only using the bar repaint as an indicator and it worked like a charm. Actually I sold YM @13913 and I got out with a minor scratch as the bars repainted to the other side (bullish) I closed my position and went long @13921 with the idea of capturing 20 ym points. If you notice what I really did was to buy on the pullback as the market sold off today. It reached my target and actually went up to 13957 area before reversing. That would be a cool 36 points if I stayed on the trade before the bars re-painted again. I even could got away with a tight stop on the reversal. Stop - 13957 Entry 13946 and I would get the whole sell-off......just looking at the bars At this point sincerely I don't know what to think.

Ok Raul let me get this clear... re-paint or change color...

once the bar closes does it stays on that color and never changes again color ?

A healthy paint bar is this : it may change color while the bar is still working, once it is closed, the color should not change any more for that "past/ closed" bar....

A Tricky paint bar wil "re-paint" that means that even thought that bar already has closed, maybe some time in the future it will be plotted on a diferent color... in that case historical information on chart its not reliable...

So again my question : does it re-paint ( tricky) or does it stay the color for good (reliable) ? cheers Walter.

[feb2865]

	Quote:	walterw
	Ok Raul let me get this clear... re-paint or change color... once the bar closes does it stays on that color and never changes again color ? A healthy paint bar is this : it may change color while the bar is still working, once it is closed, the color should not change any more for that "past/ closed" bar.... A Tricky paint bar wil "re-paint" that means that even thought that bar already has closed, maybe some time in the future it will be plotted on a diferent color... in that case historical information on chart its not reliable... So again my question : does it re-paint ( tricky) or does it stay the color for good (reliable) ? cheers Walter.

Short answer - yes stay the color once the bar closes...doesn't change in the future

[feb2865]

Shorted today at 9:40 @13860 just a couple of contracts

Exit @ 13814 as my DSL service acted up big time

Anyway it was a 46 points move.

I am an old dog and somehow I feel skeptical. Need to find the reasoning behind this

[walterw]

	Quote:	feb2865
	Short answer - yes stay the color once the bar closes...doesn't change in the future

Thats Good ¡¡