OmniTrader Forum : ATM : Market States/ SW4 and other bar types

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OmniTrader Upgrade Forums ATM Market States/ SW4 and other bar types		Last Activity 4/21/2021 9:48 AM 5 replies, 1195 viewings

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AlanD

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Subject : Market States/ SW4 and other bar types
Posted : 4/20/2018 4:25 PM
Post #44540

Is it possible to determine a market state based on another bar type like Renkos? Seems like it might be possible to get more consistent market states with Renkos vice standard bars.

Likewise, although this isn't the right forum, can SW4 use Renkos in the market state selection when finding optimal strategy solutions.

Thanks,
Alan

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Barry Cohen

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Subject : RE: Market States/ SW4 and other bar types
Posted : 4/20/2018 4:41 PM
Post #44541 - In reply to #44540

You can't determine a market state based on analysis from another timeframe. You can use Renko as your active timeframe to get the market state based on Renko, but the analysis will be on Renko as well. Same with SW4. I will add it as a feature request though.

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AlanD

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Subject : RE: Market States/ SW4 and other bar types
Posted : 4/20/2018 4:49 PM
Post #44542 - In reply to #44541

Thanks Barry....Yes I think being able to look at other timeframes/bars could help to smooth out market state transitions.

R,
Alan

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sgbyrne

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Subject : RE: Market States/ SW4 and other bar types
Posted : 6/4/2018 8:31 PM
Post #44741 - In reply to #44541

Barry,
I was talking to Ed Downs at the Bash today and asked him about the possibility of using Renco for market states in ATM, say 3ATR for Macro and 1ATR for Micro.
I didn't add the request on the Bash survey so I include it here. Have attached a couple of graphics as examples.

Regards

Steve Byrne

Attached file : SPY Renco.jpg (202KB - 345 downloads)

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Barry Cohen

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Subject : RE: Market States/ SW4 and other bar types
Posted : 6/5/2018 9:54 AM
Post #44743 - In reply to #44741

Right Stephen, you can use ATM on Renko. You just can't determine a particular market state based on something from another timeframe. All market states are calculated on the active timeframe, which could be set to Daily, Renko, Heikin-Ashi, etc.

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sgbyrne

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Subject : RE: Market States/ SW4 and other bar types
Posted : 6/5/2018 11:51 AM
Post #44744 - In reply to #44743

Thanks Barry, perhaps an ATR based indicator for the daily timeframe, I will look into it a bit more.

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