(binned per thread starter’s request) Indicators for Discretionar | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Create MT5 indicators from MT4 indicators 4 replies

TOP 100 best indicators: post good indicators here 647 replies

Custom Indicators vs. Technical Indicators 6 replies

Lagging Indicators -vs- Leading Indicators 48 replies

Attachments: (binned per thread starter’s request) Indicators for Discretionar
Exit Attachments

(binned per thread starter’s request) Indicators for Discretionar

  • #41
  • Oct 22, 2020 9:24am Oct 22, 2020 9:24am
R4M-PrevDayHiLo

I like this indicator a lot -- it actually combines 3 algorithms: previous day Hi & Lo, centered TMA with ADR bands, and slope of TMA midline. It doesn't have any "signals" of its own except, perhaps, the transition of the TMA midline's trend from bullish / bearish. But I'm not sure I would trade that. I'll combine this indicator with another one that generates "candidate" signals and then use this indicator for confirmation or additional clues.

Attached Image (click to enlarge)
Click to Enlarge Name: PrevDayHiLo.png Size: 44 KB


Attached File(s)
File Type: ex4 R4M-PrevDayHiLo.ex4   86 KB | 458 downloads
  • #42
  • Oct 22, 2020 10:46am Oct 22, 2020 10:46am
Hi R4M

i hope you’re keeping well. Great thread and indicators as usual.

I’ve had a look at the R4M-MarneyRange-OnChart and it looks very useful on H1 and H4.

If it’s not too much trouble would you be able to add push alerts to the indi?

many thanks in advance

RT
  • #43
  • Oct 22, 2020 2:02pm Oct 22, 2020 2:02pm
Quoting RougeTrader
Hi R4M i hope you’re keeping well. Great thread and indicators as usual. I’ve had a look at the R4M-MarneyRange-OnChart and it looks very useful on H1 and H4. If it’s not too much trouble would you be able to add push alerts to the indi? many thanks in advance RT
@RougeTrader -- thanks for the good word. Please read post #1 to answer your question.
  • #44
  • Oct 23, 2020 1:07pm Oct 23, 2020 1:07pm
Quoting robots4me
{quote} @RougeTrader -- thanks for the good word. Please read post #1 to answer your question.

Ah yes......... no problem

I’ll have to use it the old fashioned way
  • #45
  • Oct 27, 2020 11:43pm Oct 27, 2020 11:43pm
R4M-XARD-GoldBands

The screenshot below is the R4M-XARD-GoldBands indicator. It is a "trend-follower" -- so, one way to trade it is from signal-to-signal.

Attached Image (click to enlarge)
Click to Enlarge Name: XARDGoldBar.png Size: 27 KB

And below I've overlayed the centered TMA. This opens up another way to trade the indicator -- reversal. As the price approaches or extends beyond the ADR band and aligns with a signal, then trade away...


Attached Image (click to enlarge)
Click to Enlarge Name: XARDGoldBar-plus-LazyTMA.png Size: 35 KB


Attached File(s)
File Type: ex4 R4M-XARD-GoldBands.ex4   61 KB | 513 downloads
  • #46
  • Oct 27, 2020 11:57pm Oct 27, 2020 11:57pm
R4M-LabTrend

The screenshot below is the R4M-LabTrend indicator. It is another "trend-following" indicator that you trade from signal-to-signal. It is a "PA-type" (i.e. price action) of indicator that doesn't use any algrebra (i.e. no moving averages) and, hence, there are no settings to optimize. It generates excellent signals. Plus, the red and white colored bars make it even easier to follow a trend trading strategy.

Attached Image (click to enlarge)
Click to Enlarge Name: LabTrend.png Size: 27 KB

In the screenshot below I've overlayed a centered TMA. This now opens up the possibility of reversal trading -- i.e. when an extreme price extends its nose above / below the ADR band, then you trade away. Checkout the purple and blue dots -- it doesn't get much simpler than this...

Attached Image (click to enlarge)
Click to Enlarge Name: LabTrend-plus-LazyTMA.png Size: 36 KB

Attached File(s)
File Type: ex4 R4M-LabTrend.ex4   39 KB | 678 downloads
  • #47
  • Oct 28, 2020 9:45pm Oct 28, 2020 9:45pm
Combining R4M-LabTrend with R4M-TrixIndi

Below is a screenshot of combining the R4M-LabTrend and R4M-TrixIndi indicators. The vertical red lines were drawn at LabTrend's purple and blue dots. I'm combining these two indicators because they it illustrates when indicators align then they confirm a high probability trade.

Attached Image (click to enlarge)
Click to Enlarge Name: LabTrend-plus-Trix.png Size: 45 KB


In this example I'm using LabTrend's purple / blue dots as "candidate" signals, and confirming with the Trix's colored lines. When the vertical red line passes through both Trix's purple and red lines, then this confirms LabTrend's purple dot. When the vertical red line passes through Trix's green and blue lines, then this confirms LabTrend's blue dot.

Keep in mind that when trading H4 you only need to win a couple of bars to gain 50-60 Pips -- i.e. you do not need a long runner. And when trading 28 pairs then a few high probability trades results in a nice profit.
  • #48
  • Oct 28, 2020 10:48pm Oct 28, 2020 10:48pm
Quoting robots4me
R4M-LabTrend The screenshot below is the R4M-LabTrend indicator. It is another "trend-following" indicator that you trade from signal-to-signal. It is a "PA-type" (i.e. price action) of indicator that doesn't use any algrebra (i.e. no moving averages) and, hence, there are no settings to optimize. It generates excellent signals. Plus, the red and white colored bars make it even easier to follow a trend trading strategy. {image} In the screenshot below I've overlayed a centered TMA. This now opens up the possibility of reversal trading -- i.e. when...
Hi Robots4me,

Appreciate your amazing work.
Just a simple question, are the signals (dots) repainting?

Dewi
  • #49
  • Oct 28, 2020 11:14pm Oct 28, 2020 11:14pm
Quoting ots931010
{quote} Hi Robots4me, Appreciate your amazing work. Just a simple question, are the signals (dots) repainting? Dewi
Dear please read the post 37 and 39. U will understand it.

Bomi
  • #50
  • Edited 12:17am Oct 29, 2020 12:06am | Edited 12:17am
Quoting ots931010
{quote} Hi Robots4me, Appreciate your amazing work. Just a simple question, are the signals (dots) repainting? Dewi
@ots931010 -- what do you think?

1. Read post #3.
2. If you're not sure -- then figure it out yourself.

I understand this comes across as rude -- and it certainly is not meant to be personal -- but how many times have you read someone ask "does it repaint"? Whenever someone asks that question the answer should be: "Well, why not figure it out yourself..."

If you don't yet know how, but do have a computer and Internet connection and have heard of Google search, then do what everyone else does -- figure it out. It might take 5 minutes -- maybe less. The exercise is well worth it. If you are someone who appreciates using indicators, wouldn't it be a big relief if you could answer that question yourself whenever you came across an interesting indicator?
  • #51
  • Oct 29, 2020 12:17am Oct 29, 2020 12:17am
Quoting robots4me
{quote} @ots931010 -- what do you think? 1. Read post #3. 2. If you're not sure -- then figure it out yourself. I understand this comes across as rude -- and it certainly is not meant to be personal -- but how many times have you read someone ask "does it repaint"? Whenever someone asks that question the answer should be: "Well, why not figure it out yourself..." If you don't yet know, but do have a computer and Internet connection and have heard of Google search, then do what everyone else does -- figure it out. It might take 5 minutes -- maybe...
Steve

You do realise my wife had me paint the interior of our house last year in a light brown - called Heritage thorn.
Then she comes to me and asks for a repaint because she now likes the walls white. So when I start the repaint next week, I will be thinking about how good Steve is with his repainting indi’s.
If you have a good repainting Indi that helps me, let me know

Cheers Rick
Trading thin liquidity at the boundary of the charts
  • #52
  • Edited 12:35am Oct 29, 2020 12:20am | Edited 12:35am
Quoting RickM
{quote} Steve You do realise my wife had me paint the interior of our house last year in a light brown - called Heritage thorn. Then she comes to me and asks for a repaint because she now likes the walls white. So when I start the repaint next week, I will be thinking about how good Steve is with his repainting indi’s. Cheers Rick
@Hey @RickM -- my hat is off to you -- you are a better man than me. My wife learned many years ago not to trust me with repainting -- my favorite color is gray. Plus, it takes me forever since I keep taking breaks. So, instead -- she just does it herself...
  • #53
  • Edited 1:27am Oct 29, 2020 12:58am | Edited 1:27am
Repainting (continued)...

Food for thought...

Consider this -- an indicator is like an algebraic equation. When you attach an indicator to a chart then MT4 sends it a couple thousand data points and the indicator computes a couple thousand (x,y) coordinates and displays the results. That is, the input to the indicator is 2000 points and it gets to use all those points to create the best markings.

Now -- what happens in real-time? In real-time how many data points (i.e. bar data) does MT4 send the chart when an interval ends and a new one begins? Here's a hint -- ONE.

So, think back to Algebra 101. Given an algebraic expression -- do you think the result is the same if you feed it 1000 data points or one data point?

Here's another hint -- suppose you are tasked with drawing the best line through some data points. Would it make a difference if you were given 1000 data points to work with or one data point? Which would you rather have and why?

Okay -- I'll cut to the chase...

If an indicator draws the same markings given 1000 data points or one data point at a time, then it would be considered non-repainting. On the other hand, if an indicator draws different markings given 1000 data points or one at a time, then it would be considered repainting. When you attach an indicator to a chart it receives 1000 data points at once. When you use Strategy Tester it receives one data point at a time.
  • #54
  • Oct 29, 2020 4:01am Oct 29, 2020 4:01am
Proverb #1:

Traders who request hand-holding will never be profitable -- their needs will never be met and that will be reflected in their trading skills or, more accurately, lack of trading skills. The biggest favor you can do yourself is be prepared to stumble and learn to rely on yourself.

[Disclaimer: For fun and to help keep me engaged with this thread, I've decided to add some "proverbs" along the way. Don't take them too seriously -- they are a blend of sarcasm and exaggeration, with a bit of truth mixed in...]
  • #55
  • Oct 29, 2020 4:02am Oct 29, 2020 4:02am
Proverb #2:

Traders who suck-up or brown-nose in the hope they will receive some magic sauce in return will never be profitable. For one thing, there is no magic sauce. And for another, the person they are sucking-up to are most likely a failed trader masquerading as a successful one. If there is such a thing as "magic sauce", then it comes from you. You are the one that creates it.

[Disclaimer: For fun and to help keep me engaged with this thread, I've decided to add some "proverbs" along the way. Don't take them too seriously -- they are a blend of sarcasm and exaggeration, with a bit of truth mixed in...]
  • #56
  • Oct 29, 2020 4:03am Oct 29, 2020 4:03am
Proverb #3:

If a trader claims to be a goat you should ignore them. I've never met a profitable goat and they are certainly not to be trusted.

Attached Image (click to enlarge)
Click to Enlarge Name: DrDave-goat-among-sheep.png Size: 274 KB


[Disclaimer: For fun and to help keep me engaged with this thread, I've decided to add some "proverbs" along the way. Don't take them too seriously -- they are a blend of sarcasm and exaggeration, with a bit of truth mixed in...]
  • #57
  • Oct 29, 2020 5:46am Oct 29, 2020 5:46am
Quoting RickM
{quote} Steve You do realise my wife had me paint the interior of our house last year in a light brown - called Heritage thorn. Then she comes to me and asks for a repaint because she now likes the walls white. So when I start the repaint next week, I will be thinking about how good Steve is with his repainting indi’s. If you have a good repainting Indi that helps me, let me know Cheers Rick
Such a Clever guy
You will learn the most from your losing Trades
  • #58
  • Oct 29, 2020 5:52am Oct 29, 2020 5:52am
Quoting robots4me
Combining R4M-LabTrend with R4M-TrixIndi Below is a screenshot of combining the R4M-LabTrend and R4M-TrixIndi indicators. The vertical red lines were drawn at LabTrend's purple and blue dots. I'm combining these two indicators because they it illustrates when indicators align then they confirm a high probability trade. {image} In this example I'm using LabTrend's purple / blue dots as "candidate" signals, and confirming with the Trix's colored lines. When the vertical red line passes through both Trix's purple and red lines, then this confirms LabTrend's...
Hi Robots4me, are you going to post the R4M-TrixiIndi, looks a very interesting combination

Cheers Baz
  • #59
  • Oct 29, 2020 6:06am Oct 29, 2020 6:06am
Dear @robots4me (https://www.forexfactory.com/robots4me) ,

Appreciate your amazing works on this indies and your kindness for sharing the same.

Got one request though, would you kindly be willing to share the mq4 files especially for Trix and RSI Exit indies so i can possibly port them over to MT5, or maybe you already have them on Mt5?

Regards
In It To Win
  • #60
  • Oct 29, 2020 6:11am Oct 29, 2020 6:11am
Quoting Bazzza
{quote} Hi Robots4me, are you going to post the R4M-TrixiIndi, looks a very interesting combination Cheers Baz
@Bazzza -- I already have. At the top of the thread you'll see a paper clip followed by a number -- currently it is at '49'. Click on the paper click and it will take you to a new page with all the uploaded files and images associated with this thread.
0 traders viewing now