Navarra System (Improved) | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

TraderWill System Simplified/Improved version 4 replies

Let's Improved this Strategy, Grid based System 1 reply

Navarra System 1,457 replies

Improved Rsi Needs Code 5 replies

Improved Rsi Needs Code 1 reply

Attachments: Navarra System (Improved)
Exit Attachments

Navarra System (Improved)

  • #1
  • First Post: Sep 12, 2013 12:04am Sep 12, 2013 12:04am
Since Enzo put me on ignore while I was trying to learn the system and contribute, I thought I'd start this thread so I can share my updated indicators around making the chart more user friendly for his system.

thank you Enzo for providing the original system, I do appreciate it, but you do need to grow up. Sorry
  • #2
  • Sep 12, 2013 12:19am Sep 12, 2013 12:19am
Hi zoidy,

Your initiative is very welcome! Will be actively present in your thread because the system itself is promising, no matter that the author is not too convincing
And you are right about making the chart more user friendly. A professional chart never looks like an over-decorated Christmas tree.
  • #3
  • Sep 12, 2013 12:29am Sep 12, 2013 12:29am
I'm in..
  • #4
  • Edited 12:18pm Sep 12, 2013 12:51am | Edited 12:18pm
I think, the first task should be to get rid of unnecessary indicators. RSI (2) filter is clearly irrelevant because it always confirms. And I personally do not see any need for MAs with this system. Two TDI and two MACD is more than enough.
Question is if it is good to keep Dashboard, Probability Meter and Currency Strength Meter. Too much information is often a very bad obstacle for taking entries.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-h4.png Size: 56 KB
  • #5
  • Sep 12, 2013 1:45am Sep 12, 2013 1:45am
Hello zoidy and Indrek,
Your approach seems very interesting. Can you share your template and your indicators?
Thanks!
Best regards
Oya
  • #6
  • Sep 12, 2013 5:41am Sep 12, 2013 5:41am
Quoting Oyapoke
Hello zoidy and Indrek, Your approach seems very interesting. Can you share your template and your indicators? Thanks! Best regards Oya
All indicators come from Navarra thread. Just deleted all trash to make price action visible.
I think, every trader has to build up his/her own template. Copy-paste does not work.
  • #7
  • Sep 12, 2013 6:40am Sep 12, 2013 6:40am
Quoting Indrek
{quote} All indicators come from Navarra thread. Just deleted all trash to make price action visible. I think, every trader has to build up his/her own template. Copy-paste does not work.
OK, no problem
Best regards

Oya
  • #8
  • Sep 12, 2013 7:20am Sep 12, 2013 7:20am
Quoting jooshset
I'm in..
I've created the TDI RSI Histogram indicator as discussed. Can you check that the logic is correct before I write the other two.

It uses an iCustom reference so the indicator "TDI_RT" is required for this to work. I've attached both. Let me know if I'm using the correct base indicator. I was going to include it all in one but it would require 10 buffers and only 8 are available.

Attached File(s)
File Type: mq4 TDI-RT-H-RSI_v1.mq4   3 KB | 573 downloads
Attached File(s)
File Type: ex4 TDI-RT-H-RSI_v1.ex4   4 KB | 510 downloads


And the base I'm using:
Attached File(s)
File Type: mq4 TDI_RT.mq4   9 KB | 551 downloads
Attached File(s)
File Type: ex4 TDI_RT.ex4   5 KB | 511 downloads
Attached Image (click to enlarge)
Click to Enlarge Name: i54AHIv.png Size: 26 KB
  • #9
  • Sep 12, 2013 7:45am Sep 12, 2013 7:45am
Quoting zoidy
{quote} I've created the TDI RSI Histogram indicator as discussed. Can you check that the logic is correct before I write the other two. It uses an iCustom reference so the indicator "TDI_RT" is required for this to work. I've attached both. Let me know if I'm using the correct base indicator. I was going to include it all in one but it would require 10 buffers and only 8 are available. {file}{file} And the base I'm using: {file}{file} {image}
wow, this is great ....

look at my chart in AUDUSD...


you are using TDI_RT - it's real time TDI... does it make the computer slow ??
can we just use TDI red green indicator ?

thanks zoidy ..
Attached Image (click to enlarge)
Click to Enlarge Name: 1audusdh4.png Size: 69 KB
Attached File(s)
File Type: mq4 TDI Red Green.mq4   9 KB | 496 downloads
File Type: ex4 TDI Red Green.ex4   5 KB | 517 downloads
  • #10
  • Sep 12, 2013 7:51am Sep 12, 2013 7:51am
Quoting zoidy
{quote} I've created the TDI RSI Histogram indicator as discussed. Can you check that the logic is correct before I write the other two. It uses an iCustom reference so the indicator "TDI_RT" is required for this to work. I've attached both. Let me know if I'm using the correct base indicator. I was going to include it all in one but it would require 10 buffers and only 8 are available. {file}{file} And the base I'm using: {file}{file} {image}
At first sight I find this histogram visually more confusing than lines... What do the blue bars mean?
  • #11
  • Sep 12, 2013 7:59am Sep 12, 2013 7:59am
Quoting jooshset
{quote} wow, this is great .... look at my chart in AUDUSD... you are using TDI_RT - it's real time TDI... does it make the computer slow ?? can we just use TDI red green indicator ? thanks zoidy .. {image} {file} {file}
I'll compare the Red/Green Indicator. I don't think the RT indicator is slow at all. It's calculations look ok.

Here's a screenshot of all of them so far:

Attached Image (click to enlarge)
Click to Enlarge Name: yljNRSK.png Size: 34 KB


Attached File(s)
File Type: mq4 TDI-RT-H-RSI_v1.mq4   3 KB | 431 downloads
Attached File(s)
File Type: ex4 TDI-RT-H-RSI_v1.ex4   5 KB | 431 downloads

Attached File(s)
File Type: mq4 TDI-RT-H-TSL_v1.mq4   3 KB | 439 downloads
Attached File(s)
File Type: ex4 TDI-RT-H-TSL_v1.ex4   5 KB | 435 downloads

Attached File(s)
File Type: mq4 TDI-RT-H-MBL_v1.mq4   2 KB | 448 downloads
Attached File(s)
File Type: ex4 TDI-RT-H-MBL_v1.ex4   3 KB | 440 downloads
  • #12
  • Edited 8:20am Sep 12, 2013 8:09am | Edited 8:20am
I finally understood now
In fact, we do not need so much information from TDI. What we need to know is if the green line has crossed both yellow and red one. Blue bands are irrelevant for the system. We may totally hide them also in the original indicator.
We should have the goal to reduce the amount of information (the number of indicators) on chart. Let us keep it as simple as possible.
  • #13
  • Sep 12, 2013 8:20am Sep 12, 2013 8:20am
Quoting zoidy
{quote} I'll compare the Red/Green Indicator. I don't think the RT indicator is slow at all. It's calculations look ok. Here's a screenshot of all of them so far: {image} {file}{file} {file}{file} {file}{file}
I'm feel so happy... thank you zoidy...

the calculation is great..
  • #14
  • Sep 12, 2013 8:28am Sep 12, 2013 8:28am
Quoting Indrek
I finally understood now In fact, we do not need so much information from TDI. What we need to know is if the green line has crossed both yellow and red one. Blue bands are irrelevant for the system. We may totally hide them also in the original indicator. We should have the goal to reduce the amount of information (the number of indicators) on chart. Let us keep it as simple as possible.
yes you are right, the volatility band is no use.. I'll hide them...
blue bar and yellow bar mean : location right but direction wrong
green bar mean location & direction are right to go long
red bar mean location and direction are right to go short

if there is any idea to make this more simple...
  • #15
  • Sep 12, 2013 8:50am Sep 12, 2013 8:50am
Everyone will have their own interpretation or way of using TDI. For me green crossing red is irrelevant for a long if it is under the market base line, unless the angle is almost vertical.
  • #16
  • Sep 12, 2013 9:15am Sep 12, 2013 9:15am
Quoting Indrek
I think, the first task should be to get rid of unnecessary indicators. RSI (2) filter is clearly irrelevant because it always confirms. And I personally do not see any need for MAs with this system. Two TDI and two MACD is more than enough. Question is if it is good to keep Dashboard, Probability Meter and Currency Strength Meter. Too much information is often a very bad obstacle for taking entries. {image}
Good observation about the need for no MAs here...the TDI itself is based on an EMA cross, hence the lag...but good to see this getting revived here..and uncluttered!
  • #17
  • Sep 12, 2013 9:24am Sep 12, 2013 9:24am
Quoting 4xplosion
{quote} Good observation about the need for no MAs here...the TDI itself is based on an EMA cross, hence the lag...but good to see this getting revived here..and uncluttered!
In fact, TDI is based on RSI but MACD is MA cross with some addition.
  • #18
  • Sep 12, 2013 5:39pm Sep 12, 2013 5:39pm
Signal Scanner coming....

Guys, I am going to write a scanner for this system so we can configure one chart to show the status of all pairs.
I would like some requirements from you guys in order to achieve this.

I was thinking it would be configurable based on each indicator and that you could turn things on an off as you please.
I will also setup an alert mechanism (using the metatrader alert functionality), then you can set an email as an sms provider and get sms alerts for possible trades. The less staring at charts the better in my book.
  • #19
  • Sep 12, 2013 6:24pm Sep 12, 2013 6:24pm
This is what my chart looks like thus far. Please comment and provide feedback/updates.

Attached Image (click to enlarge)
Click to Enlarge Name: ZLFNvVN.png Size: 62 KB


Indicators are:

  1. MACD_v2 (This indicator is the standard MACD with the Historgram colors change to match the Candlestick colors on the original Navarra Template)

    1. Setting is (2,5,20)

  2. MACDBars (From the orignal Navarra Template - nb, the MACDBars(2,5,20) from the original Navarra template can be removed as it's the same as MACD_v2)

    1. Setting is (3,4,10)

  3. TDI-RT-H-RSI (TDI - RSI Crossing TSL Line)

    1. Green = RSI up & above TSL
    2. Blue = RSI down & above TSL
    3. Red = RSI down & below TSL
    4. Yellow = RSI up & below TSL

  4. TDI-RT-H-TSL (TDI - TSL Crossing RSI Line)

    1. Green = TSL Up & Below RSI
    2. Blue = TSL Down & Below RSI
    3. Red = TSL Down & Above_RSI
    4. Yellow = TSL Down and Above RSI

  5. TDI-RT-H-MBL (TDI - Market Base Line Direction)

    1. Green = MBL up
    2. Red = MBL down

  6. Better Volume (I just like to see what volume is doin)

I'm thinking that i'll put this into a public version control system (sourceforge/googlecode/git/etc) so different versions can be tracked and multiple different flavors can be checked out. I'll put it in a metatrader folder structure so so it could just be unzipped at the base metatrader directory. (maybe provide an installer too?)

Attached File(s)
File Type: tpl TDI_MACD.tpl   19 KB | 560 downloads
File Type: zip indicators.zip   38 KB | 709 downloads
  • #20
  • Sep 12, 2013 7:29pm Sep 12, 2013 7:29pm
Quoting handy148
Everyone will have their own interpretation or way of using TDI. For me green crossing red is irrelevant for a long if it is under the market base line, unless the angle is almost vertical.
So do you mean if the RSI (green) is under the MBL (Yellow) then you'll only look for shorts? (opposite for long?)

I could update the MBL Histogram indicator so that:

  1. Green = MBL up & RSI above MBL
  2. Blue = MBL up & RSI below MBL
  3. Red = MBL down and RSI below MBL
  4. Yellow = MBL down and RSI above MBL

I'll make it configurable so you can include the RSI bit if you want, or leave it as it is.

0 traders viewing now