Menu

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Looking for a Fractal Channel Type Indicator/EA 20 replies

Technical Indicator Settings for Different type of Scans 0 replies

mql5 Draw_filling type indicator span not displaying 0 replies

Market Profile type indicator for closes instead of ticks 11 replies

Recover a data type from an indicator 0 replies

Attachments: This type of MA Indicator for weekly, monthly or quarterly?
Exit Attachments

This type of MA Indicator for weekly, monthly or quarterly?

  • Post #1
  • Quote
  • First Post: Jul 8, 2017 4:37pm Jul 8, 2017 4:37pm
Anyone here has this type of MA for the weekly or monthly or quarterly?
It really helps me trading daily but if weekly and monthly ma is shown.
More information would be made and can help to know direction and positioning.

Here is a picture where the purple resets everyday.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-fbs-inc.png Size: 26 KB


Any price above the ma is a buy for the day until the day ends or sell if below.
If this can be done weekly or monthly that would really help me

Indicator is attached for those willing to help.
Attached File(s)
File Type: mq4 i_dayma_v1_1.mq4   3 KB | 389 downloads
Multiple SMA Trader
Hi,
Can you explain how you trade with the indicator? If it's not too complicated I might be able to help

Regards
Quoting laikos
Hi, Can you explain how you trade with the indicator? If it's not too complicated I might be able to help Regards
Hi laikos. According to where I got the indicator. It is used for intraday trading(useful day to day trading).

The purple line is a MA calculated from the start of the day and resets everyday.
Any price above the ma is a buy and any price below is a sell. (Trend Trading)
When its goes back and forth up and down from the ma, then the day is ranging.

If you can help me get a version for weekly and monthly that would be helpful.
Multiple SMA Trader
@laikos
I've uploaded the 15 minute TimeFrame and the Daily TimeFrame of EURUSD for comparison. so, that you would understand better.
This is the most recent price action. Last 2 Trading Days.

15MIN TF
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-fbs-inc.png Size: 27 KB


Broker Start Time for the Day is 00:00. That is what the two Vertical lines are for.
You can see ma resets at the start of the day with the sudden rise.

As you can see on Day One. Any price lower is a sell and any price higher is a buy.
Day Two is ranging but most price bars are lower than MA. So, you have a higher chance of a sell.

Daily TF
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-d1-fbs-inc.png Size: 16 KB


This is what those two days look like in the daily.

This indicator is good for Intraday trading.(Day to day)
I'm looking to make it weekly and monthly but I don't know how.
Anyone willing to help me?
Multiple SMA Trader
Hi Lechugas,

I look into the code for the indicator is EMA 24 that 19/18 that reset everyday. To change to a weekly, on D1 it is similar with EMA 7
and for Monthly it will be EMA 30 on D1.

Regards
Quoting laikos
Hi Lechugas, I look into the code for the indicator is EMA 24 that 19/18 that reset everyday. To change to a weekly, on D1 it is similar with EMA 7 and for Monthly it will be EMA 30 on D1. Regards
Hello, laikos. Thanks for replying but I do not get what you are saying.
What is 19/18?
Also, The indicator has this option in default.
"Ma_method=1"
0- SMA 1- EMA 2- SMMA 3-LWMA


Using the regular MA by MT4 is not equal to the day indicator.
I have an example attached.
15 Min TF 96MA = 1440 mins. 1440 mins = 1 day.
Yellow is MT4 EMA 96 Period applied to close
Purple is the Day Indicator EMA (Period is the indicator's calculation for that day which starts at broker's start time 00:00) applied to close.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-m15-fxopen-investments-inc.png Size: 23 KB


This means using the regular MT4 MA for weekly or monthy purposes will not actually equal to the weekly or monthly ma computation for this indicator.
So, D1 TF 30 EMA for monthly computation will not equal to the supposed "reset every week/month ma" indicator.
Multiple SMA Trader
Hi Lechugas,
What I mean is something something like in the chart below:
Attached Image (click to enlarge)
Click to Enlarge Name: weekly_D1_MA.PNG Size: 40 KB


Regards
Laikos
I don`t have the indicator you need, as a matter of fact your post is probably the second I ever saw on the concept of trading purely intraday.
However that`s a wonderful idea in my opinion, its logical and objective. I also seek to trade the price activity only in the context of the current day (sometimes in relation to the previous day). This helped me greatly due to the fact that I don`t have to look for old forgotten support/resistance. I am able to trade in the moment by taking in to consideration the swing lows/highs made through out the day.
The truth is hidden from you
Quoting lechugas
Anyone here has this type of MA for the weekly or monthly or quarterly? It really helps me trading daily but if weekly and monthly ma is shown. More information would be made and can help to know direction and positioning. Here is a picture where the purple resets everyday.
Something like this...showing the rolling MA for the week, resetting at the start of each week?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 64 KB
Quoting zznbrm
{quote} Something like this...showing the rolling MA for the week, resetting at the start of each week? {image}
Yeah like that.
Multiple SMA Trader
  • Post #11
  • Quote
  • Last Post: Jul 18, 2017 10:11pm Jul 18, 2017 10:11pm
Quoting lechugas
{quote} Yeah like that.
This is an old indicator that shows the rolling weekly MA. It is hard-coded for a NYC-time broker. Seems to be working fine on H1 and below charts. I'll leave it up to you to adapt for your specific needs.
Attached File(s)
File Type: mq4 RollingMA-Weekly.mq4   10 KB | 468 downloads
0 traders viewing now