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Step Charts

This is a discussion on Step Charts within the Trading tools forums, part of the Trading Forum category; Hi All, As you maybe know the Step Charts are one of the oldest types of Graphical Analysis. The well-known ...

          
   
  1. #1
    Developer igorad's Avatar
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    Step Charts

    Hi All,

    As you maybe know the Step Charts are one of the oldest types of Graphical Analysis. The well-known Renko, LineBreak, Kagi and Point & Figure Charts also belong to the species of Step Charts. Moreover, they were built on daily closing prices, not on tick data as now.

    So please take a look at my version of the Step Charts - StepChartChannel, StepChartTrend and StepChartAge:

    Code:
    extern int     TimeFrame      =   0;   //TimeFrame in min 
    extern int     Price          =   0;   //Applied to (0...6)
    extern double  StepSize       =  20;   //Size in pips
    extern int     HiLoMode       =   0;   //High/Low Mode:0-off,1-on
    extern int     VoltyLength    =   0;   //Volty Length(0-will be used StepSize)
    extern double  VoltyRatio     =   1;   //Volty Ratio
    extern double  Multiplier     =   2;   //Reversal Multiplier 
    extern int     PreSmooth      =   1;   //Pre-smoothing Length 
    extern int     PreSmoothMode  =   3;   //Pre-smoothing Method  
    extern int     StartPriceMode =   0;   //Start Price Mode: 0-as is,1-rounded to StepSize  
    extern int     ChannelMode    =   0;   //0-only lines,1-only bricks,2-line & bricks

    Step Charts-stepchart_1.gif


    By the way, something similar you can buy for only $300 at codefortraders.com.

    Regards,
    Igor
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    TCT, Nodp53, Iamfree and 5 others like this.

  2. #2
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    I always love your tools. this is a great one.

  3. #3
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    Thank You Igorad
    Even thank you is not enough for this great tools!

    Respects
    secretcode

  4. #4
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    Quote Originally Posted by igorad View Post
    hi all,

    as you maybe know the step charts are one of the oldest types of graphical analysis. The well-known renko, linebreak, kagi and point & figure charts also belong to the species of step charts. Moreover, they were built on daily closing prices, not on tick data as now.

    So please take a look at my version of the step charts - stepchartchannel, stepcharttrend and stepchartage:

    Code:
    extern int     timeframe      =   0;   //timeframe in min 
    extern int     price          =   0;   //applied to (0...6)
    extern double  stepsize       =  20;   //size in pips
    extern int     hilomode       =   0;   //high/low mode:0-off,1-on
    extern int     voltylength    =   0;   //volty length(0-will be used stepsize)
    extern double  voltyratio     =   1;   //volty ratio
    extern double  multiplier     =   2;   //reversal multiplier 
    extern int     presmooth      =   1;   //pre-smoothing length 
    extern int     presmoothmode  =   3;   //pre-smoothing method  
    extern int     startpricemode =   0;   //start price mode: 0-as is,1-rounded to stepsize  
    extern int     channelmode    =   0;   //0-only lines,1-only bricks,2-line & bricks

    Click image for larger version. 

Name:	stepchart_1.gif 
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ID:	925


    by the way, something similar you can buy for only $300 at codefortraders.com.

    Regards,
    igor
    i think it same like xo 123 indicator

  5. #5
    Administrator newdigital's Avatar
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    Quote Originally Posted by lion of gail View Post
    i think it same like xo 123 indicator
    That is difference - by meaning and by using of it.

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    Quote Originally Posted by newdigital View Post
    that is difference - by meaning and by using of it.
    dont make me fool look both are same in this pics
    Attached Thumbnails Attached Thumbnails Step Charts-mcoph4.png  

  7. #7
    Administrator newdigital's Avatar
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    I never used StepChartChannel, StepChartTrend and StepChartAge indicators and I will need to learn about how to use them. But all that I know - all Step indicators are related to Igorad. As to your indicator so I do not know it sorry.

    I think - Igorad may reply about what is the difference with them (StepChart indicators and xo 123 indicator).

  8. #8
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    Quote Originally Posted by newdigital View Post
    I never used StepChartChannel, StepChartTrend and StepChartAge indicators and I will need to learn about how to use them. But all that I know - all Step indicators are related to Igorad. As to your indicator so I do not know it sorry.

    I think - Igorad may reply about what is the difference with them (StepChart indicators and xo 123 indicator).
    yes u say right it's different but all most they both of give same signal
    Attached Thumbnails Attached Thumbnails Step Charts-mcoph4.png  

  9. #9
    Developer igorad's Avatar
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    Quote Originally Posted by lion of gail View Post
    i think it same like xo 123 indicator
    Hi lion of gail,

    As I understand the xoindatr_123 refers to the Point & Figure Charts(XO charts), so I can assert that this indicator belongs to large class of so-called Step Chart indicators. And it's not new that sometimes they can look same.

    Moreover, it is necessary to compare indicators with the same input parameters. In your case, you are comparing the period(14) with pips(20).

    And please try to get the same picture like mine with your indicator.


    Step Charts-stepchart_vs_xo123.png


    Regards,
    Igor
    chartartist likes this.

  10. #10
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    wow nice work

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