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I use AltoGomMP and Cumulative Delta and SMI with either the 20/55 EMA or 20/89 EMA just to keep my perspective. I put the 200 EMA on the 60 min chart. That came in real handy on Friday.
I also use the VWAP bands indicator, weekly setting on 30/60/240 min chart or daily setting on 512 tick or unirenko chart.
I am not using this as a triple filter. I use a double filter, the 5-20-10 with the 5-10-1. I use the 8-16-8 sometimes just because I like the way it flows. I will have to look more at the line on price setting, I am sure I will use that in another chart now to just trade consolidation breakouts. Which, could be a trading strategy in itself. Great suggestion, thank you.
Again its up to you how big reversal bar to use.
Squeeze max bars on chart and start to change reversal bar length + 1 tick
till you see clean and logical swings on chart.
Stop loss couple of ticks above/below swing and target last swing.
For entry I use buy / sell stop. I have indicator that shows reversal bar close.
I work the order and trace the reversal close bar price
When using unirenko bars results for back tests and replays for the same period of time are very different . Since unirenko dont have a fix values should we use higher slippage when back testing . So for 2-4-12 setting the slippage = 4 or 5. Its very important for a automated strategy testing . What is your opinion guys.
