I thought it best to start a new thread to discuss this simple method. Am not one for a lot of typing so here goes.
1) This system is based on "T3MA" triple smoothed MA indicator.
2) I do not use the default parameters of 15 and 0.7,
Instead I use 4 and 1.5(volume factor).
3) When plotted on a chart, T3MA will have well defined peaks and valleys.
4) I have coded a very simple indicator to detect those peaks and valleys which appear as arrows up or down.
5) A built-in alarm alerts you when a new arrow forms.
That's where it gets complicated. BUY on the formation of an UP arrow and SELL on a down arrow; that's it!
So far it seems to be OK on any TF but, of course, the longer TF's are better because of less random "noise". TF's M30 to H4, seem to be the best.
Have fun.
Pip2
P.S. As usual, make sure T3MA.mq4 is in your "INDICATORS" folder (you MUST compile it too). If you have problems, click on "Terminal" on the platform, then choose "Journal" tab on the right, you will see what's going on, and hopefully fix it.
Pip2
NEWIndicator zip package FISH-TSS uploaded 9th June 07 AEST
FISHTSS_EAV2 uploaded 19th June AEST
1) This system is based on "T3MA" triple smoothed MA indicator.
2) I do not use the default parameters of 15 and 0.7,
Instead I use 4 and 1.5(volume factor).
3) When plotted on a chart, T3MA will have well defined peaks and valleys.
4) I have coded a very simple indicator to detect those peaks and valleys which appear as arrows up or down.
5) A built-in alarm alerts you when a new arrow forms.
That's where it gets complicated. BUY on the formation of an UP arrow and SELL on a down arrow; that's it!
So far it seems to be OK on any TF but, of course, the longer TF's are better because of less random "noise". TF's M30 to H4, seem to be the best.
Have fun.
Pip2
P.S. As usual, make sure T3MA.mq4 is in your "INDICATORS" folder (you MUST compile it too). If you have problems, click on "Terminal" on the platform, then choose "Journal" tab on the right, you will see what's going on, and hopefully fix it.
Pip2
NEWIndicator zip package FISH-TSS uploaded 9th June 07 AEST
FISHTSS_EAV2 uploaded 19th June AEST
Attached File(s)
FISH-TSS.zip
6 KB
|
5,316 downloads
|
Uploaded Jun 8, 2007 7:59pm
TSSv1_2.zip
14 KB
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4,810 downloads
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Uploaded Jun 8, 2007 9:34pm
FISHTSS_EAV2.mq4
7 KB
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3,713 downloads
|
Uploaded Jun 18, 2007 7:08pm