The v2v dynamic trading system is not designed to provide a Buy or Sell signal. The indicators on this system are just another visual representation of time and historical price... Just like any other indicators out there.
- Keep this in mind... that there's always room for improvements to this system. Thus, expect constant updates from time-to-time.
- Ideas/suggestions are very much welcome but don't expect to be added or considered.
※ Heiken Ashi ─ Average Price Bars ( HA-APB ) with PAC
☛ HA-APB based Price Action Channel ( PAC ) and
☛ Average Price Line (HA-APB Low + HA-APB High)/2
☛ Fused with MTF mode.
☛ Using a non-lag algorithm
☛ With Jurik Smoothing/Filter and Deviation-Scaled Moving Average (DSMA)
✜ Price Action Channel (PAC)
─ It provides an overall direction near the Price.
─ Reveals periods of consolidation.
─ Reveals periods of volatility.
─ It may Use as an Exit Target or
─ Use as a Trailing Stop Loss
※ Neural Network ─ HMA-DSMA
☛ Uses HMA algorithm but this one is a variation from low-lag to zero-lag and then... fused with the following:
☛ Jurik Filters/Smoothing and custom MA types
☛ Combined with Deviation-Scaled Moving Average Algorithm
☛ Better & Best Formula (Better & APB calculation)
✦ The button text shows the average predicted open price
※ Volume Profile ─ Range ( VP-R ) with fused v2v VWAP
☛ Based on VP - Range indicator by © FXcoder
☛ This is a modified version by v2v (streamlined features) ─ VWAP & PVP (Peak Volume Price) line only
☛ Default range type: ADR
☛ Work with Pivot Fibs plus
☛ Code optimized to adhere with v2v coding structure ( e.g. control center navigational features)
☛ Ideally suited for M30 & H1 time frame using M1 or M5 data source.
- For day sessions... the M5, M15 and M30 charts is the setup choice. Though the M5 timeframe is much more accurate, M30 is recommended for more clarity. Also, it is a standard volume profile calculation method.
※ Long & Short DSMA
Similar to GUPPY indicators in terms of MA values and how it is being used.
☛ With Jurik Smoothing/Filter
☛ Using non-lag Hull Moving Average algorithm
※ PIVOT FIBS plus
☛ This indicator is made and fused version by v2v
☛ Based on All Pivots indicator by Igor at TrendLabaratory
☛ Streamlined to Pivot Fibonacci ONLY ─ Yearly, Quarterly, Monthly, Weekly, Daily, and H4
☛ Added a feature to navigates using the v2v time frame button switch behavior, and among other things.
☛ Dynamic Open Session/State retention switch behavior
☛ Future Sessions and Previous Session Range
☛ Pivot Fibs pip distance from Pivot Base Price (e.g. Typical, Current Open...etc.)
☛ Weekly High & Low Levels
☛ PVP = Peak Volume Price Line (default Yellow color line). This is based on Volume Profile (without the volume bars)
☛ This indicator works with VP-R and VWAP indicator
☛ Best suited for M30 & H1 time frame.
☛ Forex Fixings ─ Frankfurt and CME-2 Fix ─ fx fixing guides
☛ The One Box Session ( daily <=H4, weekly >H4, monthly >=W1 )
☛ Open Session (Sydney - Tokyo - London - New York). You may need to adjust accordingly with your broker server time (chart time) ─ for session time guides
☛ Daily Open Trading System (DOTS) method by Dean Malone ─ originally use Current Open base price, but this indicator is also plotted with other Pivot base price calculations (e.g. Typical, Previous Close, etc.). Note... it uses the Top & Bottom most level line only with extended DOTS level.
☛ Average Range (Daily-Weekly-Monthly) Dash info >>> n-Days(today range), Previous, Weekly and current Price distance to ADR, AWR & AMR High & Low
- ADR (Average Daily Range)
- AWR (Average Weekly Range)
- AMR (Average Monthly Range)
- With features midpoint range using Pivots (current) and PVP (current or previous)
Pivot Fib Levels:
- R1/S1 = R38/S38
- R2/S2 = R61/S61
- R3/S3 = R100/S100
Pivot Base Price: Typical (default)
Pivot Base Price = (Previous High + Previous Low + Previous Close) / 3
Range = Previous High - Previous low
R38 = Range * 0.382 + Pivot Base Price
※ VWAP by v2v
The Volume Weighted Average Price ( VWAP ) is simply the average of the volume distribution function.
What's new with this VWAP indicator?
☛ Uses Average Range ( ADR/AWR/AMR ) and
☛ Average True Range ( ATR ) values for Shifted VWAP Deviation.
☛ Average Price line = (High + Low) /2
☛ Default range type: ATR
☛ It includes v2v's update speed control feature.
☛ This indicator works with VP-R and Pivot Fibs plus indicator
☛ Option to attach multiple instances of this indicator by changing Instance ID ( Unique ID ) ─Ideally for using the anchored VWAP strategy
☛ Best suited for lower or equal to M30 & H1 time frame.
☑ Key Takeaways:
☛ A rising VWAP, and/or the price above the VWAP line, means the price may reflect uptrend move or likely in bullish sentiment.
☛ A rising VWAP, and/or the price below the VWAP line, means the price may reflect a downtrend move or likely in bearish sentiment.
☛ Rallies with a declining VWAP are treated as bounces which may likely to fail.
☛ Be more aware of VWAP's current direction... more than closing session price ─if it is above or below the VWAP-within a session or two (e.g. Asian, Euro or U.S. session).
☛ Like any Support & Resistance or Supply & Demand level, the more they are tested, the more likely that it may fail.
☛ Don't rely on VWAP exclusively to determine a trend, since it is only showing a historical average, and not what is happening currently or in the future.
☛ Investors may use VWAP to assess the price they paid for a security/instrument throughout a particular session (e.g. Asian/Europe/NY, daily...etc.), if the price they bought at is higher than the VWAP, then they may have overpaid. If it is less than VWAP, then they purchased shares at a good price.
☛ The VWAP began as a tool for trading shares/stock on daily setup only. However, in these times there were other investors or traders started to use this more recently with financial instruments like Currency Futures or Forex pairs as some of the modern algorithms began to optimize this tool to integrate with their trading strategy or algorithms.
☛ Traders and analysts use the VWAP to eliminate the noise that occurs throughout a particular session so they can gauge what prices buyers and sellers are really trading at.
The VWAP gives traders an insight into how a security/instrument trades for that day and determines, for some, a good price at which to buy or sell.
✦ If the price is below the VWAP... and the price is rallying back into the VWAP, then it may act as resistance.
✦ If the price is above the VWAP... and the price pullback into the VWAP, then it may act as support.
✦ Wait for the market to start to get a move and have it bounce once or twice off of the VWAP. Once that happens, you know that the market has addressed the VWAP (by checking on a 5-minute up to 30/or 60-minute chart).
✦ When the price tries to break above or below the VWAP line, there is usually a battle between buyers and sellers. If the price tries to break above or below the VWAP level multiple times throughout the day, traders and analysts can see that it is a good price to either buy or sell. However, some short-term traders like to wait for one side to lose the battle and either go long on a break above the VWAP or short on a break below the VWAP.
☑ Limitations of Using Volume Weighted Average Price (VWAP)
While some institutions may prefer to buy when the price of a security is below the VWAP, or sell when it is above, VWAP is not the only factor to consider. In strong uptrends, the price may continue to move higher for many days, without dropping below the VWAP at all, or only occasionally. Therefore, waiting for the price to fall below VWAP could mean a missed opportunity if prices are rising quickly.
☑ Other VWAP trading methodologies
With the above limitations, you may use some other VWAP trading methodologies being used by other traders to minimized missed opportunities or even better... a high probability setup.
✦ MIDAS approach by Dr. Paul Levine ( RIP ) or use the Jperl strategy (If I'm not mistaken, his name is Jerry Perl), together with Volume Profile indicator.
✦ The anchored VWAP approach is usually using two VWAP indicators wherein the (start from) is anchored based on the last significant move due to a big news event, as an example, NFP, CPI, etc., or based on session open ( e.g. NY session, London session, Asian session... etc ).
※ Traders Dynamic Zones ( TDZ ) by v2v
This indicator is a TDI variation... now known as, Traders Dynamic Zones ( TDZ )
✔ Fused functions & features below:
☛ Dynamic Zones by Leo ZamanskyPhd. and David Stendahl
☛ Jurik filter - phase, smoothing and
☛ RSI-Trend Strength Index (RSX) by Mark Jurik.
☛ Better & Best Formula (Better & APB calculation)
☛ Uses Hull MA (by Allan Hull) but this one is a variation from Low lag to zero-lag combined with...
☛ Ehler's Deviation-Scaled Moving Average (DSMA)
☛ Powered by Smart MTF features
☛ TDZ-MTF has divergence features for extra confluence or confirmation ─ but be careful, it is not always the case.
☛ Smart MTF Mode - update speed feature is not activated while on MTF mode
☛ Recommended TF: H4 & D1 TF
☛ Recommended RSI/HMA speed: 1.8 or 3.0 (aggressive)
✔ Dynamic Zones ─ The Dynamic Zone indicator is best explained by describing how it solves a common trading problem.
Extreme investing employs the use of oscillators to exploit tradable trends in the market. This style of investing follows a very simple form of logic: only enter the market when an oscillator has moved far above or below traditional trading levels. However, these indicator driven systems, lack the ability to evolve with the market because they use the fixed buy and sell zones. Traders typically use one set of buy and sell zones for a bull market and substantially different zones for a bear market.
Herein lies the problem. Once traders begin introducing their market opinions into trading equations, by changing the zones, they negate the system's mechanical nature. The objective is to have a system automatically define its own buy and sell zones and thereby profitably trade in any market -- bull or bear. Dynamic Zones offer a solution to the problem of fixed buy and sell zones for any indicator driven systems.
✔ Jurik Filters, Phase, and Smoothing
This TDI version uses JMA's (Jurik Research Moving Average) phase and smoothing calculation. Have you noticed how moving averages add some lag (delay) to your signals? ... especially when price gaps up or down in a big move, and you are waiting for your moving average to catch up? Wait no more! JMA eliminates this problem forever and gives you the best of both worlds: low lag and smooth lines.
Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically results in lower profits. In other words, latecomers get what's left on the table after the feast has already begun. The JMA's improved timing and smoothness will astound you.
JMA is a powerful adaptive tracker that can smooth time series data with a very small lag, no overshoots and no oscillations. The algorithm is stable and avoids the complexities of neural networks. JMA delivers the best all-around performance for smoothness, accuracy, and timeliness.
✔ Hull Moving Average
There are many types of moving averages, the most basic being the Simple Moving Average (SMA). Of all the moving averages the SMA lags price the most. The Exponential and Weighted Moving Averages were developed to address this lag by placing more emphasis on more recent data. The Hull Moving Average (HMA), developed by Allan Hull, is an extremely fast and smooth moving average. In fact, the HMA almost eliminates lag altogether and manages to improve smoothing at the same time. With TDZ indicator combined with Hull MA variation with Jurik filters, and phase & smoothing that ultimately eliminates lagging.
✔ RSI-Trend Strength Index (RSX)
RSI is a very popular technical indicator because it takes into consideration market speed, direction, and trend uniformity. However, its widely criticized drawback is its noisy (jittery) appearance. The RSX retains all the useful features of RSI, but with one important exception: the noise is gone with no added lag.
✔ Vertical Horizontal Filter (VHF)
Vertical Horizontal Filter (VHF) was created by Adam White to identify trending and ranging markets. VHF measures the level of trend activity, similar to ADX in the Directional Movement System. Trend indicators can then be employed in trending markets and momentum indicators in ranging markets.
✔ Deviation-Scaled Moving Average (DSMA)
The new DSMA made by John Ehlers and featured in the July 2018 issue of TASC magazine. The DSMA is a data smoothing technique that acts as an exponential moving average with a dynamic smoothing coefficient. The smoothing coefficient is automatically updated based on the magnitude of price changes. In the Deviation-Scaled Moving Average, the standard deviation from the mean is chosen to be the measure of this magnitude. The resulting indicator provides substantial smoothing of the data even when price changes are small while quickly adapting to these changes.
✔ RSI & RSX haDelta
haDelta is a simple formula originally developed and published by Mr. Dan Valcu. The idea behind haDelta is to quantify HA candles. By doing this, one can measure momentum and this is very important when you use haDelta for reversals. It measures the difference between HA Close and HA Open. Caution: High sensitivity if used.
※ Volumes on Main Chart
This indicator is a Fused version of the following indicators... initial version of volumes on the main chart by mladen and Paul Hayes Scalper volatility indicator ported from cTrader platform.
Added Fused functions & features:
☛ volumes & volatility alerts with optional user-defined values.
☛ auto-adjusted zoom in/out for volume bars and location
☛ automated average volume bars based on daily, weekly and yearly with optional user-defined values
☛ auto-adjusted volume bars thickness
☛ with a hidden navigational switch to hide/unhide volume bars and
☛ added extra .wav alert sound files
Most of these indicators require the Volume on Main Chart indicator wherein it acts as the global control center <<< Sorry, that is what it is, designed to work with each other. Like for example TDZ indicator... the Volume on Main Chart triggers the update process once the volatility spikes up based on the last average pip count (e.g. from three previous bars ─ set TF or example 1-minute candle). And this besides from the normal triggers via set time in minutes or on a new bar.
☝ If v2v system/indicators don't seem to work on your end or found it useless, simply move on as there are literally thousands of other systems/indicators out there . . . and this may not be ready for you or is not for you!
✌ On how to use the system effectively will depend on your own utmost keen observation (or greater experience), due diligence, understanding, and prerogative. Hence, this may not be recommended for noobs... especially when using the VWAP, VP─R & TDZ indicator, and even more with Pivot Fibs plus.
※ The core indicator of this system are the following ( in no particular order ) :
- Pivot Fibs plus
- Volumes on Main Chart
- Volume Profile - Range ( VP-R ) and VWAP
- Traders Dynamic Zones.
Most of these indicators are using the limited number of bars (as default) to calculate in order to have a much faster loading than usual (in normal counted bars). Other benefits of such setup are having extra process function/features that can be added to an indicator.
☛ The v2v dynamic system is best suited on H4 TF or higher using a Trend following strategy... However, if Session timings are the main or crucial part of a strategy, one must/should or may consider using the H1 timeframe and below ONLY. This is particularly logical or correct as the indicator builds pivots using the current chart prices (data). So there is no sense to use the session guides ( Weekly-Monthly-Q1-Yearly ) for time frames higher than H1. It means... that one needs to be careful when using a Weekly chart to build MN1, Q1, and YR1 because one can't simply get the exact start date of these timeframes. Which means... don't simply rely on Pivots build if your current chart timeframe is higher than H1. Thus, on the W1 chart, one should look "inside" of bars to find the correct prices for 1st January and 31st December of each year (almost always). Hence, do not use the Pivots on larger than D1 timeframes, in fact... it is highly suggested.
☛ With Volume Profile ─ Range indicator which is typically suited for the M30 timeframe is very useful together with Pivot Fibs plus an indicator that has the PVP (Peak Volume Price, also known as POC) without the horizontal volume bars.
☛ Swing Traders may use the TDZ's dynamic floating levels or zones ( band high & low with midpoint ) that may look to show OB/S levels (careful, looks ONLY).
☛ The Pivot Fibs indicator is armed with calculated ranges wherein the Daily and Weekly range info is better or more reliable if the current timeframe is less than or equal to H1 timeframe only... more importantly when gauging or sizing up the trading range.
☛ The Heiken Ashi - Average Price Bars (APB) with Price Action Channel (PAC) may act like the cherries on top or icing on the cake in terms of a Scalping strategy or if used as an Exit indicator... more so when in an MTF mode.
If you don't consider all/or some of the above information... Simply use the Neural Network HMA-DSMA indicator which requires a little amount of thinking but one must be armed with trained intuition ; )─
★ The goal is to have a well-informed decision before entering into a trade. Thus, I'm using this system once I have my perceived fundamental bias or understanding and beyond (i.e. sentiment, qualitative & quantitative analysis).
★ Using this system may help to identify possible Price inflection/turning points, trend confluence, and/or chart structure for proper or well-defined (planned) entries and exit points.
✍ Note to Self: “While no methodology works in every instance . . . I have never seen anything so consistent ” ─ just like this system ; )─
☀ You may agree or disagree... ; )- but here are the collected reasons why traders fail to be successful in trading... #whytradersfail ─by Hanover
☛ No proven methodological edge
☛ Lack of knowledge and experience
☛ No trading plan
☛ Failure to accept losses ( causes recovery systems, irrecoverable open losses, revenge trading )
☛ Poor or non-existent risk management ( i.e. focusing on the return over everything else )
☛ Making decisions based on P/L rather than market probabilities/behavior ( focusing on the money, rather than the process )
☛ Undercapitalization ( causes greed, over trading, over-leveraging ) -- NOTE: according to many brokers, this is the most common cause of failure.
☛ Over-reliance on money management ( including ideas like same-pair hedges, baskets, grids, averaging down recklessly, martingale variants )
☛ Complacency: a lack of respect for the market
☛ Laziness: trying to find a color-by-number shortcut to riches (i.e. make the most money in the shortest time with the least effort)
☛ Adherence to "$250 to $100,000 in 6 months" type notions
☛ Adherence to trading myths
☛ Lack of discipline
☛ Lack of patience
☛ Lack of resilience ( unable to bounce back after losses )
☛ Lack of composure/nerve ( afraid to "pull the trigger" )
☛ Lack of stamina (quit too quickly)
☛ Lack of dedication ( failure to put in the required number of hours of study )
☛ Failure to understand the importance of statistical validity, and the nature of statistical fluctuation
☛ Failure to keep a journal
☛ Over-reliance on automated systems ( EAs )
☛ Over-reliance on technical analysis ( using tools that "don't work" )
☛ Exiting too early ( should take higher RR trades )
☛ Exiting too late ( should take lower RR trades )
☛ Hindsight bias
☛ Confirmation bias
☛ Curve fitting
☛ Strategies that test profitably, but are not grounded in real market inefficiencies
☛ The randomness of price movement
☛ Letting outside noise affect your decision making
☛ Underestimating the effect of broker costs
☛ Underestimation of the amount of expertise that is required
☛ Being cheated by their broker
☛ Liquidity vacuums ( a.k.a. “flash crashes” ) and other “black swan” events.
☢ There are no guarantees that all these indicators shared here work perfectly or without errors. Hence, use at your own risk; I accept no liability for system damage, financial losses and even loss of life. ; )─
My post here at FF makes no guarantees as to the accuracy or completeness of the views expressed, including timeliness, suitability of any information - e.g. indicators, videos, images/charts, and documents posted or shared herein. All contents I posted here at FF are subject to change (bound by ForexFactory's & Thread Owner's rules and restrictions) and may have become unreliable for various reasons, including changes in the market conditions or economic circumstances.
In addition, please be reminded that there is always the potential for loss. Your trading results may vary. Unique experiences and past performances do not guarantee future results. Hence, it is highly recommended to seek a duly licensed professional for investment advice whether any given investment idea, strategy, product or service described herein may be appropriate for your circumstances. All investments involve risk, including loss of principal.
Posting on this thread requires that you are a human and not a troll... and unfortunately a red ⚑ member status (only)... ⚠ Please don't ask me to explain why. This thread is not for me to get some subscribers, or gain fanatic followers. I am just here to contribute. And yes, I don't have ADHD ; )─ capice?
If a troll with a red ⚑ is able to post through... then at least it is just a seasoned troll, a high impact troll, so to speak ; )──but it doesn't mean it can escape from getting ignored or blocked on this thread.
⚠ If you don't like any of my posts, simply use the ignore or unsubscribe option, and likewise, I'll do the same... Otherwise, I can simply ignore anyone whenever I am damn well, please...
✜ v2v trading system:
✜ Guest indicator(s):
The News Events ─ FF calendar based indicator is fused with button control for News impact/filter selection, tooltip and news line.
By the way, some of these indicators shared herein doesn't simply work in stand-alone. Meaning... selectively using just one or so indicator out of the v2v system may not work properly.
Note: The zip file contains a template ( FXV.tpl ) and all the libraries ( dynamicZone.dll and BPNN.dll ) required by the system/indicators.
Max bars in history and Max bars in chart required values:
- Every day is 1440 minutes (no more than 1440 minute bars). For example, if the specified "Max. Bars in the window" equal to 250000, then this will enable the indicator to get data for 250000/1440 = 173 working days, only if M1 timeframe (data source ) is available from them.
- The Standard setting is ( 65000/1440 ) gives 45 working days, these are two months plus a couple of days.