possible to create one mega indicator? | Forex Factory

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possible to create one mega indicator?

  • #1
  • First Post: Jan 12, 2020 10:22am Jan 12, 2020 10:22am
I was thinking, like combine every single indicator and arrive at a signal where over 80% of the indicators provide a signal? like a mega indicator dashboard, and i'm not talking just the indicators that come with metatrader 4, i'm talking some bank of indicators from forexfactory, my personal collection, and maybe all of mladen's indicators, etc.

good idea? bad idea? who knows...
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  • #2
  • Jan 12, 2020 6:38pm Jan 12, 2020 6:38pm
Quoting tiestobob
I was thinking, like combine every single indicator....... good idea? bad idea? who knows...
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hey bob..... i do that very thing on a huge scale.... every indicator..... on every pair.... on time frames 15 and up..... with the same done per currency....

few things to keep in mind......

be sure to understand multicollinearity......

you must have an above average computer to do the math.... even my best might take a minute to load some of the ea's..... my 400$ camo hp's from walmart will crash....

most indicators must be limited in their lookback..... it's best if all indicator object and alert code is removed.....

give some thought on how you want it presented..... it needs to be neat and simple as possible......

you need to know the current count each indicator signal has been running and it's average length..... such as if the alma has been rising 12 days.....

consider writing it so every indicator and pair can be compared in a bar by bar manner....

if at first you plot them on a bar by bar manner you will quickly see how the eurusd's alma, or any indicator, relates to the other pairs indicators.....

you will also see how one indicator relates to the others on a single pair....

one of the charts below lists every indicator on each bar..... another lists all the pairs showing the current alma....
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that's a big project your studying on...... if you can code, your in luck..... and your consecutive wins will be also......h
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Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbp-m30-oanda-division1-all.png Size: 59 KB
Click to Enlarge Name: usdchf-h4-oanda-division1-sum.png Size: 54 KB
Click to Enlarge Name: usdchf-d1-oanda-division1-usdchd.png Size: 64 KB
Click to Enlarge Name: usdjpy-m15-oanda-division1-diamonds.png Size: 57 KB
Click to Enlarge Name: eurgbp-h1-oanda-division1-mega-trends.png Size: 111 KB
to trade and code, keep both simple... no call to impress....h
  • #3
  • Jan 12, 2020 7:09pm Jan 12, 2020 7:09pm
Quoting hayseed
{quote} //----- hey bob..... i do that very thing on a huge scale.... every indicator..... on every pair.... on time frames 15 and up..... ..... and your consecutive wins will be also......h //----- {image} {image} {image} {image} {image}
Your 'has' indicator looks interesting. Could you give me a full name? Or is it custom?
  • #4
  • Jan 12, 2020 7:14pm Jan 12, 2020 7:14pm
and after Multivac has crunched all the numbers, in order to keep my head from exploding, it prints it out in a simple easy to grasp form..... all i do is hit the lit button.....

how easy is that.....h
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Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp-h1-oanda-division1-multivac.png Size: 55 KB
to trade and code, keep both simple... no call to impress....h
  • #5
  • Jan 12, 2020 7:22pm Jan 12, 2020 7:22pm
Quoting reeleer
Your 'has' indicator looks interesting. Could you give me a full name?
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hey reeleer..... yes i can.....h
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Inserted Code
             
//-----
//-----
       
      double HAOpen3  = iCustom(Symbol(),0,"Heiken_Ashi_Smoothed", 2, 4, 2, 1, 2, j);
      double HAClose3 = iCustom(Symbol(),0,"Heiken_Ashi_Smoothed", 2, 4, 2, 1, 3, j);
      double HAOpen2  = iCustom(Symbol(),0,"Heiken_Ashi_Smoothed", 2, 4, 2, 1, 2, j+1); 
      double HAClose2 = iCustom(Symbol(),0,"Heiken_Ashi_Smoothed", 2, 4, 2, 1, 3, j+1);
      if(HAOpen2 > HAClose2)  {wingclr = Red;} else  {wingclr = Lime;}  //  && HAOpen3<HAClose3
 
       Display(j+"ha"+Symbol()+price,  190 +j*10,vertical + 190); 
       ObjectSetText(j+"ha"+Symbol()+price, CharToStr(108),10,"Wingdings",wingclr);
 
//----  price is the closing price for that pairs  bar..... including it in the objects name will allow you to hover the pointer over each dot and see the price
                
       
//----
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Attached File(s)
File Type: mq4 Heiken_Ashi_Smoothed.mq4   8 KB | 269 downloads
File Type: ex4 Heiken_Ashi_Smoothed.ex4   12 KB | 212 downloads
to trade and code, keep both simple... no call to impress....h
  • #6
  • Jan 12, 2020 7:27pm Jan 12, 2020 7:27pm
Quoting hayseed
{quote} //---- hey reeleer....er each dot and see the price //---- //---- {file} {file}
Hey Hayseed, awesome, thank you!
  • #7
  • Last Post: Jan 12, 2020 8:51pm Jan 12, 2020 8:51pm
the reason you need to know the current count along with the average count is to prevent over runs...... it's so easy to forget the pendulum swings both ways......

if you think of your 100 indicators as dominoes all lined up, one usually falls first followed by others..... indicators on a single time frame, because of the settings can get out of sync..... still, you can most often find the most reliable..... there should be a 1,2,3,4......

if you look at the chart below, the alma has a lime count of 1, meaning it has been rising 1 day.... the jjma has a lime count of 4, 4 up days..... and the jfatl lime 3....

ideally the lime numbers would 1,2,3, where alma is 1, jjma is 2 and jfatl is 3..... jfatl is usually the first domino.....

once you know each indicators average length per run and that length is approaching, you can prepare to get out..... or at least take your foot off the gas.....

the reason you need to know the average signals length is, imagine you have a indicator that gives 1200 signals a year vs another that only gives 6..... the price movement between signals needs to be a factor in your "mega indicator" ....

think 1,2,3....... once you plot things out side by side in the manners above it will become clear ..... or more confusing.... not really sure.....h
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Attached Image (click to enlarge)
Click to Enlarge Name: count.png Size: 101 KB
to trade and code, keep both simple... no call to impress....h
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