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Fast Markets Indicator

  • #21
  • Oct 24, 2017 3:06pm Oct 24, 2017 3:06pm
Quoting VEEFX
{quote} Thanks man. I don't believe in indicator based relative currency strength for entries. I have a better approach to strategically place positions and then hopefully use currency strength as a push to move my positions into profitability. As I said in my previous posts, i don't force the outcome on me, i prepare and plan for the intended and desired outcome :-) Regarding "If it were my EA, and I do plan on using this or something like it, I would hard code the logic into the EA instead of calling iCustom.", i agree. I am just tired of coding...
Easy-peasy. Here's an example. You owe me one
Attached File(s)
File Type: mqh FastMarkets.mqh   5 KB | 452 downloads
File Type: mq4 HardCodeExample.mq4   2 KB | 487 downloads
  • #22
  • Oct 24, 2017 3:36pm Oct 24, 2017 3:36pm
Quoting Nicholishen
{quote} Easy-peasy. Here's an example. You owe me one {file} {file}

eheh thanks for your reply,

You guys are too hardcore high-tech for my little knowledge of code.

Ps - based on your tests, and investigation what ECN you recommend that in your opinion gives better feeds of relative volume ? thanks in advanced.

Stay safe
Zwara
  • #23
  • Oct 24, 2017 3:50pm Oct 24, 2017 3:50pm
Quoting zwara
{quote} eheh thanks for your reply, You guys are too hardcore high-tech for my little knowledge of code. Ps - based on your tests, and investigation what ECN you recommend that in your opinion gives better feeds of relative volume ? thanks in advanced. Stay safe Zwara
I PM'd you.
  • #24
  • Edited Oct 25, 2017 3:30pm Oct 24, 2017 4:07pm | Edited Oct 25, 2017 3:30pm
Quoting Nicholishen
{quote} I PM'd you.
Me too bro:-) i am bound to oanda and forex.com

Thanks again for sharing. Now please help me how to use it to make gazilions pips from trazillion ticks. Lol

Could this be a ' leading' indicator to trend initiatio or continuation ? There's got to be some early telltale warning sign that triggers this type of volatility (outside of timebased or fundamental reasons). How about integration this with the infamous influx indicator that Crucial Point uses? Come on dude, you have tickled my curiosity :-)
Staying in my lane...
  • #25
  • Oct 24, 2017 4:18pm Oct 24, 2017 4:18pm
Quoting VEEFX
{quote} Me too bro:-) i am bound to oanda and forex.com Thanks again for sharing. Now please help me how to use it to make gazilions pips from trazillion ticks. Lol Could this be a ' leading' indicator to trend initiatio or continuation ? There's got to be some early telltale warning sign that triggers this type of volatility (outside of timebased or fundamental reasons). How about integration this with the infamous influx indicator that Crucial Point uses? Come on dude, you have tickled my curiosity :-)
ahah Hi V that influx thingy really stinged your curiosity
  • #26
  • Edited 5:39pm Oct 24, 2017 5:28pm | Edited 5:39pm
Quoting VEEFX
{quote} Me too bro:-) i am bound to oanda and forex.com Thanks again for sharing. Now please help me how to use it to make gazilions pips from trazillion ticks. Lol Could this be a ' leading' indicator to trend initiatio or continuation ? There's got to be some early telltale warning sign that triggers this type of volatility (outside of timebased or fundamental reasons). How about integration this with the infamous influx indicator that Crucial Point uses? Come on dude, you have tickled my curiosity :-)
What/where is the influx indicator?


BTW here you can observe the tick volume difference between an ECN broker and DD/MM brokers like Oanda.
Inserted Video
  • #27
  • Oct 24, 2017 8:16pm Oct 24, 2017 8:16pm
Quoting zwara
{quote} ahah Hi V that influx thingy really stinged your curiosity
Nah man. I am holding my ground that tick or volume based strategies have no merit in retail spot FX. As evident in the video, it is the motherload of all possible scams available to decentralized brokers including ECNs. Now, if there is a way to push my MTF signals on higher timeframes ( using some fancy logic) quickly into either profit or loss, then there is some relevance with what I do....that's all. I am not a strong believer of price based indicators or a y use of it in systemic trading.. Relevance is the precursor to triggering my curiosity.

Influx indicator is posted in the first post of zznbrm 's assorted indicators thread. I cannot even make this damn indicator work on Oanda lol
Staying in my lane...
  • #28
  • Oct 24, 2017 8:37pm Oct 24, 2017 8:37pm
Quoting Nicholishen
{quote} Easy-peasy. Here's an example. You owe me one {file} {file}
Sure bro but keep im mind i have long term memory loss LOL.

I will put this in my " things to explore" basket this weekend. How far back in history will this indicator/function work? To rule out its relevance, can i feed a M1 candle open daytime stamp and get the volatility index value returned ?

Just a hunch for now but i have a strong feeling of a coorelation between my profitable signals by pushed by some sort of momentum/volatility 'event' during the trade's life cycle duratiin and those that are in loss lack this type of momentum/volatility resulting in stale trades that just choke my margin. All my trade signals have a defined start and stop durations so I wpuld first like to establish relevance First before I incorporate it in my EA.
Staying in my lane...
  • #29
  • Oct 24, 2017 8:58pm Oct 24, 2017 8:58pm
is this only for forex pairs or to use commodities too
Success is a Journey Not a Destination....... kind regards ramzam
  • #30
  • Oct 24, 2017 9:55pm Oct 24, 2017 9:55pm
Quoting ramzam
is this only for forex pairs or to use commodities too
Forex only.
  • #31
  • Oct 25, 2017 5:14am Oct 25, 2017 5:14am
Quoting Nicholishen
{quote} Hey, I appreciate the feedback and the sauce to your indi, right on. The reason this didn't show any activity is because it worked as designed. The Fast markets indicator should only sound the alarm bells when increase volatility (beyond the mean) is detected in all majors. In this case EU moved a little but everything else was relatively calm.
Ok, so now I have gone through MickeyMouse and made it a basket checker. It checks each currency vs the majors but not through USD, directly through their relative pairs, i.e. EUR is E/N, E/A etc. Then made the comparison on a 1hr chart with yours. It seems like FastMarkets is more of a USD activity checker through the majors. If for example EUR has high volume but doesn't move at all, while the rest of the majors actually move vs USD, it will show activity and you could expect a spike or a move but nothing will come. Maybe I am wrong, it's just the idea I got from the comparison. Perhaps you could make FM check the other majors through the major crosses of the symbol it was dropped on and not independently to see if it makes any difference.
Attached Image (click to enlarge)
Click to Enlarge Name: 0oGDt2ttTLeWRXqo2efhMw.png Size: 128 KB
Attached File(s)
File Type: mq4 aMickeyMouse b.mq4   14 KB | 425 downloads
  • #32
  • Oct 25, 2017 9:11am Oct 25, 2017 9:11am
Quoting mambomango
good idea but did you considered the time of day? the gray bars in my experimental indi represents the average volume over all pairs on every single time of the day 90 days back. so lets say the 6:30pm-bar on the 30M chart, the gray bar is the average volume of the last 90 6:30pm-bars over all 28 pairs. the colored bar is the actual average volume of all pairs. the bottom indi is just a session indi starting with the london session in green, blue is new york. there you can see that volume spikes are time of day related. {image}
it is possible . Quick changes. Make a message. Give alarms.
  • #33
  • Oct 25, 2017 12:06pm Oct 25, 2017 12:06pm
MAJOR UPDATE


By popular demand this indicator has received some major upgrades which include:

 

  1. Automatic custom index creation based on relevant currency pairs (not just majors)
  2. Custom Alert Sounds with tuning options
  3. Symbols sorted in real-time by most active

Download the new FastMarkets2 in the OP

Thanks!

  • #34
  • Oct 25, 2017 12:10pm Oct 25, 2017 12:10pm
Quoting sakisf
{quote} Ok, so now I have gone through MickeyMouse and made it a basket checker. It checks each currency vs the majors but not through USD, directly through their relative pairs, i.e. EUR is E/N, E/A etc. Then made the comparison on a 1hr chart with yours. It seems like FastMarkets is more of a USD activity checker through the majors. If for example EUR has high volume but doesn't move at all, while the rest of the majors actually move vs USD, it will show activity and you could expect a spike or a move but nothing will come. Maybe I am wrong, it's...
Hi Sakisf,

Thanks for sharing, but in order for this to work the broker server has to support vanilla pair names like "EURUSD" and won't work with ECN symbols like "EURUSDecn". That's why it's never a good idea to hard-code symbol names, and if you have to then you would need to iterate through the symbols list and check to see if the symbols match using two loops and
Inserted Code
if(StringFind(SymbolName(i,false),symbol[j])>=0) //this is the symbol you're actually looking for
  • #35
  • Oct 25, 2017 12:21pm Oct 25, 2017 12:21pm
Quoting Nicholishen
MAJOR UPDATE By popular demand this indicator has received some major upgrades which include: Automatic custom index creation based on relevant currency pairs (not just majors) Custom Alert Sounds with tuning options Symbols sorted in real-time by most active Download the new FastMarkets2 in the OP Thanks!
#3 is the most important implementation for manual traders. Its incredible useful to sort pairs in realtime aside on the brain to pick up micro trends just by looking at the sorting movements. I hope i can find some time before Friday close to play with this indicator. Good job bro!
Staying in my lane...
  • #36
  • Oct 25, 2017 12:39pm Oct 25, 2017 12:39pm
Quoting Nicholishen
{quote} Hi Sakisf, Thanks for sharing, but in order for this to work the broker server has to support vanilla pair names like "EURUSD" and won't work with ECN symbols like "EURUSDecn". That's why it's never a good idea to hard-code symbol names, and if you have to then you would need to iterate through the symbols list and check to see if the symbols match using two loops and if(StringFind(SymbolName(i,false),symbol[j])>=0) //this is the symbol you're actually looking for
Really like the new iteration of FastMarkets. I am checking it on 1hr tf instead of 1m/5m and it looks promising.

Regarding the pair names, I do them like that because the indis are for personal use and all my brokers have the vanilla naming plus it is faster than using variables +preffix/suffix when I don't really need them. Well someone with the source could easily change it now. Only Mickey b is very cpu intensive, needs optimization, but your version 2 looks way ahead now.
Attached Image (click to enlarge)
Click to Enlarge Name: 9pN3suy6Tt6lOItK6zm5dg.png Size: 134 KB
  • #37
  • Oct 25, 2017 1:17pm Oct 25, 2017 1:17pm

  1. Added source-code with dependencies and example indicator of how to hard-code this to avoid calling iCustom.
  2. Uploaded 2.2 with minor bug fix to Alerts.

  • #38
  • Oct 25, 2017 2:43pm Oct 25, 2017 2:43pm
Excellent work, as always.
Many thanks for sharing.

I've attached Fast Markets to my M15 chart, to check its correlation with the Better Volume indicators that I've been using.
  • #39
  • Oct 25, 2017 3:31pm Oct 25, 2017 3:31pm
Quoting VEEFX
{quote} Me too bro:-) i am bound to oanda and forex.com Thanks again for sharing. Now please help me how to use it to make gazilions pips from trazillion ticks. Lol Could this be a ' leading' indicator to trend initiatio or continuation ? There's got to be some early telltale warning sign that triggers this type of volatility (outside of timebased or fundamental reasons). How about integration this with the infamous influx indicator that Crucial Point uses? Come on dude, you have tickled my curiosity :-)
Here's an example of what I was referring to earlier regarding wanting go use this indicator as a trigger for my trend following signals. Example GJ on H1 based signal that i trigger on M15 in the particular case. Signal was soonerer resulting in trade being stalled for several M15 candles choking up my margin for the duration. Would you indi trigger a early telltale sign during sevreral M15 candles before it exploded in my direction?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-10-25-13-24-25.png Size: 114 KB
Staying in my lane...
  • #40
  • Oct 25, 2017 3:34pm Oct 25, 2017 3:34pm
Quoting VEEFX
{quote} Here's an example of what I was referring to earlier regarding wanting go use this indicator as a trigger for my trend following signals. Example GJ on H1 based signal that i trigger on M15 in the particular case. Signal was soonerer resulting in trade being stalled for several M15 candles choking up my margin for the duration. Would you indi trigger a early telltale sign during sevreral M15 candles before it exploded in my direction? {image}
This trade was triggered at the close of last down H1 candle where my crossbar line is
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-10-25-13-33-24.png Size: 118 KB
Staying in my lane...
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