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

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

Regards,
Igor

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

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

Respects
secretcode

Originally Posted by igorad

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

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

Regards,
igor

i think it same like xo 123 indicator

Originally Posted by lion of gail

i think it same like xo 123 indicator

That is difference - by meaning and by using of it.

Originally Posted by newdigital

that is difference - by meaning and by using of it.

dont make me fool look both are same in this pics

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).

Originally Posted by newdigital

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

Originally Posted by lion of gail

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.


Attachment 1820


Regards,
Igor

wow nice work