Disliked{quote} Awesome....will test it out once market opens but it seems to be a great indicator for entry on the mean renko mate.....have u ever gave that a look? {image} {image}Ignored
This was my reply to lKeithStone on a similar issue (check posts 268 to 278) :
The original idea behind LVCs was to use them as Profit Targets not Entry Points.
An LVC is a candle with Low Volume with RESPECTED OPEN PRICE (i.e. Its Open Price is not breached by a number of following candles).
For this, the more Future Bars you use the higher target you can achieve.
Using LVC as Entry points "can be valid" but :
- smaller number of future bars ---> more false entry signals
- higher number of future bars ---> late entry, higher risk of reversal.
No guts, no glory