Spectrometer indy seems good for trading

hi
i do used the spectrometer i did try different set up but maybe i am wrong anywhere do trade in 15 minutes time frame then my set up will be period 120 then start from 3 for me that very very accurate please do not hesitate to comment
thanks

You use the basic Spectrometr_separate repainting indy in some manner that works for you?
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Guess you're not you're not using my strategy package using my Spectrometr_separate_v3. See post #25 as switched to donations, work in progress toward an EA someday. Its 5minTF here. You get the zipped strategy/indy package as "the Free Tshirt + insignia" as thank you for donating. batchj2011 at gmail dot com .

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I came back on-line to check my afternoon consolidation period, and ohhhh wowwwww!
Note for that one little period of green above grey in DamianiSN indy that the red is in sync with the orange moving in unison.........then look later how they're out of sync, this is phenomenal folks! During going opposite or out-of-sync it demonstrates, as you can see, automatic indication of a consolidation period of time, so stay out! Could very well be described to mql programmer, exciting!

Yep, as fxchoice said, too volatile today 16th, as
I looked for moments where conditions are met and there are just a couple and those seem breakeven of 0 pips. So this is very very good sign that this combo of indies even amidst warned volatile period can mostly avoid the thrashing! That's JUST AS important as catching some good moves!

89 pip long bagger! Easy-peasy one. Seems chart shows time it started at 10am my PacTime. Note the clear indications to enter & exit trade. Phenomenal!

current possible trading means with this spectrometer template applied-
1- red Spectrometer amplitude line, set at 100, had 'rounded a corner' (changed diection and either started to go down or started to go up), or had sudden inflexion point rather than just smoothly one direction, and
2- damiani has green-line hitting-in-starting-to-cross or already-crossed grey line which can be also seen by not-red-flat-line at bottom of damiani window (reverse of such is close trade)
3- for a long entry momentum7 greater than 100, for short entry momentum7 less than 100, and
4- some ma7 slant in direction that momentum indicates per #3.
5- another condition to not trade similar to DamianiSN green below grey is the red & orange Spectrometer lines moving in opposite directions as additional support in staying out of dangerous consolidation periods. Why "dangerous"? Often auto-trading staying on during these periods can choppily accumulate many small losers, the more that can suppress such behavior the better.
------note, an ea to optimize these various parameters as to minimum quantities of slants, quantity of minimum reversals or consistent direction, quantity of momentum greater or less than 100 and minimum last peak/trough of spectrum amplitude may be in order to be effective against choppy consolidation periods.
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-upon close of bar exit long trade if momentum7 <= 100 or for short trade exit if momentum >= 100.
-upon close of the following bar entry rules apply again.

Good morning fellow FXy-uns
There was just this 12pip slice out of this up-ramp at 6:55am that I noticed, cursor pointing at bar where the open value is at the bottom. And the next longer down going bar you see there, the open of that, is the hypothetical trade close.......the vertical scale is 12.5pips so from beginning of one bar to open of the other is in that neighborhood.

Did you know if your cursor is pointing at an indicator point for time or time/value that that is for the close of the prior bar? Thus when you move your cursor up to fx bars themselves to "do the math" as to opening & closing trade prices to hypothetically figure your gain or loss you're actually figuring such out using those same time bar OPEN prices, I.E., moving the cursor directly vertically up to bar you're enquiring about, same vertical line, but time different by one bar! Did you know that? Does that blow your mind? Another way to say it is the time of an indicator point is for close of the prior bar (or prior vertical bar line) which is usually very close value to open of vertical line you're looking at. Been occasionally around this forex arena 15yrs and I got to say I'm embarrased to not have looked that close! Guess when you're suddenly "under the gun" to really see if an fx means is good "the devil is in the details" comes around! Lol.

I believe it was the Momentum that closed the hypothetical trade here, the green going over the grey in Damiani allowed the trade to open. Note the red & orange amplitude velocities were both positive during this time.

So far I don't see much in the way of bad losers even in the 5-10pip range with this package, for gradual movements like this one it only captures a slice often, compared to all the positive points this is a minor drawback, but during consolidating period it has excellent avoidance power.

Early part of 2018 hope to have saved enough to have my Pro mql-er program the necessary code for an auto-trade EA.

Best,
Jerry

Newer version of Spectrometr_Separate_Selective Cycle

Think it be a rule for this strategy, "not on Fridays". Lol. I.E., eurusd seeking to consolidate for the weekend?
Note the green 4th frequency amplitude is far greater than the red & orange most of the time, anytime they do get larger they are opposite or the red is up somewhat while orange flat is not sufficient. And the Damiani green above grey periods is not great.

hi Yits,
It's ok with me if you chat more with folks here about this.
What's new in this version? You do the mql updating?
Anyone care to chat here how it's going with this means?
Otherwise, y'all have a good weekend!
Jerry

I'm not the author and im not updating the indicator. Just got curious about Spectrometer and did some research and found this.

Forecast of intr-day cycle has error. But, sometime, it works, which give you a real edge for your trading system.

i have something similar

Weekly open often be hard to work out directional bias.

Sometime, Hourly chart is very good to spot cycle, which is my favor. I use 2 days cycle (red color), next may be one day cycle.

Note catches couple of swings, a short initially, later a long. Seems red & orange anplitude velocity going opposite is also a condition allowing, shall see about updating instruction sheet.

Switched Spectrometer indy to velocity of phase for main slower red frequency because it can serve as points where there's a major shift in what's occuring. As you can see from the impulse behavior we could say traders generally backing-off from agreeing with the trend and are indecisve (you might say) when the red line begins being agitated. Regardless, Momentum7 and Damiani had said "you're out of there" (green below grey"), and sure enough, a consolidation period began. Or one might stay in with the trend waiting for this agitated phase line?
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If you'd like to sincerely examine closely each weekday these hours of movement and join me in detailed observation then I let you have freely my 2 month one acct# trial. Would like some folks critically examining to help asses for future possible auto EA.
There's admittedly different states the AmplitudeVelocity of the red & orange sinewaves, seems I can see a few plus can see signs of the yellow & green being larger due to noisy consolidation periods where red & orange can be relatvely low & inactive.
The more you can help see/observe things the more it will help, thus I'd extend your time/acct# usage. Thanks,
batchj2011 at gmail dot com.
Jerry

Here I went to Amplitude instead of AmpVel and to 170 period and sure enough would've caught good section of this trend**, especially since the green spectrum line noise dies and the red is far back enough into green above grey Damiani and the Mom7 is by then already < 100.
(**red spectrum amplitude line starts to move up and keeps going)

First screenshot I apply amplitude template, makes it clear where the sinewave amplitude is moving thusly catching some pips on first long move. Second long demonstrates could be the next faster frequency orange catch, if you wanted to also pursue.
Second pic I applied ampvel1 and I zoomed-in where I see velocity of amplitude starting to be above 0 where its ok to also see ma7 slants up, green above grey in Damiani, and Mom7 > 100.
I think I like looking at both amp & ampvel1 templates. They are both calculation & buffer intensive, thus one Spectrometer indy window must be deleted before the other can be applied. I have a solution if I have budget someday, it will use my Chart Recorder version and a new csv-to-indy-window drawer, that way you can scroll back couple months screen by screen and see the various situations.
Best wishes,
Jerry

First 2 pics are for one long trade entry, where cursor points on Damiani starting to cross up, all other conditions are good for entry like ma7 slanting up, Mom7 > 100, and the red Spectrometer line is already moving up well, so no need also look at ampvel1 template.
3rd pic of Damiani area is not strong and ma's not strong so probably not enter trade, or if enterred I see a breakeven moment. ma26 also might correlate with Damiani green not much above grey. So its tiny bit risky area to enter trade, nevertheless if follow strictly seems worse that can happen is tiny loss or breakeven. Only optimizing an EA in tester someday could give whats best........However, we're talking the tiny losers or breakevens versus the often good catches.

Very important!:
Examining any manual trade procedure up close, "down to a gnats eyebrow" close, lol:
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When you have cursor on an indy point in time and you think this is good open or close points in time and you want to know what the fx price is at those points move the cursor DIRECTLY VERTICALLY UP to the bar ON THAT vertical line(!!!), as you will maybe surprisingly see (as I was) that that bar will be the NEXT 5min bar!!!!! So you would use the "open" price of that bar for each open & close trade. This is due to the fact that indies give their final fully formed bar close value at that time and thus indies show the result from that time, so the next bar when indy is updated is a new bar opening with an "open" value close to that prior close value, not always exactly the same value but close enough to see what open & close values would be used in an EA. In such way you can study closely the winner and loser pip amounts between open & close of hypothetical past "trades" (minus spread of course).

I |Batch

the setting of Damiani indicator is the same for TF 5min and TF H1?If no can you share the TF H1 setting?
thanks