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Fast Markets Indicator

  • #61
  • Oct 26, 2017 1:18pm Oct 26, 2017 1:18pm
I wish, this indi can be for any pair, its such an amazing indi.
Professional Money makes up 10 % of traders.but Professional Money makes up
  • #62
  • Edited 6:20am Oct 27, 2017 4:40am | Edited 6:20am
Quoting Nicholishen
I'm thinking my next little private project will be altering this to monitor all symbols simultaneously and extrapolate exactly which currency is moving fast and then jump on in the direction of the move with a basket trade; probably calculate position sizes as a function of each pairs ATR and pip value to target the same risk across the board.
Worked some on your idea based on the main calcs of Mickey, and came up with the following:
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Spikes seem to correspond well, you can notice when volatility affects one currency or all. The blue shadows on the spikes are when divergence occurs, ie when eur is moving faster vs chf & gbp. For example the last spike in the indi (unmarked) in the hour before 0, chf and gbp moved while eur stayed stable:
Attached Image


Gonna work some on it as its a cpu killer because I left alot of trash from Mickey in.

Here it is to its full extent:
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  • #63
  • Oct 27, 2017 10:38am Oct 27, 2017 10:38am
Quoting sakisf
{quote} Worked some on your idea based on the main calcs of Mickey, and came up with the following:{image} Spikes seem to correspond well, you can notice when volatility affects one currency or all. The blue shadows on the spikes are when divergence occurs, ie when eur is moving faster vs chf & gbp. For example the last spike in the indi (unmarked) in the hour before 0, chf and gbp moved while eur stayed stable: {image} Gonna work some on it as its a cpu killer because I left alot of trash from Mickey in. Here it is to its full extent:{image}
That's interesting, thanks for sharing! I think anything that's running on 28 pairs is going to kill the CPU... If you come up with something clever let me know. As far as fast markets goes I'm thinking of switching it up to calculate % of bollinger bands instead of % of ATR to see if I can get a cleaner signal.
  • #64
  • Oct 27, 2017 12:53pm Oct 27, 2017 12:53pm
Quoting VEEFX
{quote} Could you please outline a strategy how you would use this indicator alone as a trigger to get direction, SL and TP? I will do more research on Monday but on surfsce, it does not appear to be a leading indicator for potential momentum in one direction or the other on M1. Perhaps there is a level that it passes above or below to indicator a directional move with some decent probability.
I wouldn't use this indicator solely for those purposes, but instead count on this indicator to alert me or my bot that the market's had a knee-jerk reaction to something unplanned (I'd cross-reference activity with planned news events) or has begun to run a strong trend. My SL/TP would definitely come by other means.
  • #65
  • Oct 27, 2017 12:59pm Oct 27, 2017 12:59pm
Quoting VEEFX
{quote} Could you please outline a strategy how you would use this indicator alone as a trigger to get direction, SL and TP? I will do more research on Monday but on surfsce, it does not appear to be a leading indicator for potential momentum in one direction or the other on M1. Perhaps there is a level that it passes above or below to indicator a directional move with some decent probability.
I'm surprised to see that you're asking for SL, TP, and indicator signaling. I vaguely recall reading some of your posts in the past when I was a lurker and I had always assumed you were a professional trader. Is that not the case?
Here's Tom with the weather.
  • #66
  • Oct 27, 2017 1:17pm Oct 27, 2017 1:17pm
Quoting Nicholishen
{quote} That's interesting, thanks for sharing! I think anything that's running on 28 pairs is going to kill the CPU... If you come up with something clever let me know. As far as fast markets goes I'm thinking of switching it up to calculate % of bollinger bands instead of % of ATR to see if I can get a cleaner signal.
Made some amendments to it to run faster even during tf switching. Actually my main indi runs on all 28 pairs without issues, but it's only producing numbers not drawings, I just use better timings there. Had to rearrange alot for this one to be acceptable. This is an early version, lines are based on majors and not on the currency basket - will fix it soon, usd is usd but can also be interpreted as volatility of 7 majors altogether (range & volume of each major vs usd / 7).
Attached Image (click to enlarge)
Click to Enlarge Name: nM-b_1AqR2mhn84WP1WVqw.png Size: 79 KB
Attached File(s)
File Type: ex4 MickeyBasket.ex4   69 KB | 477 downloads
  • #67
  • Oct 27, 2017 1:32pm Oct 27, 2017 1:32pm
Quoting VEEFX
{quote} Hmmm... If you don't follow why I am participating on this thread then you are clueless about how I trade or the reasons behind my questions (which is fine as you are a lurker and i delete my posts frequently just to avoid sounding "professional"). Where or when did I give the impression that I am a professional trader? I trade my own accounts....and definitely NOT for a living. I have a very satisfying and challenging primary job that pays me better than 90% of Americans lol
I come in peace It was only something I wanted to know since I was really surprised because SL, TP is such a personal thing and I can't imagine how any volume and spread indicator could provide that. Otherwise, you would have figured it out for yourself that it provides SL, TP for your purpose. Again, the question didn't seem to match the experience level I had assumed.
Here's Tom with the weather.
  • #68
  • Oct 27, 2017 1:50pm Oct 27, 2017 1:50pm
Quoting VEEFX
{quote} I am in alignment with your approach of not using it on its own but didn't want to discourage you :-) i was just trying to explore if any coorelation exists between my directional signals (as a leading indication) into generating some form of volatility "pattern" with predictive qualities. And when i trade manually during events (only only indicator-free style of trading across 28 pairs), i rely on measuring speed with my eyes hence the interest in this indicator (and for OHLC to understand further). I am still a very strong non-believer...
Some handpicked locations where eur (black) and aud (red) diverge and FM gives high signal (or no signal because of high filtering):
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It doesn't look like much on the compressed chart, so maybe it could be more helpful in the full one:
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Maybe these pockets of high relative range and above average volume could help indicate where market is about to continue the original trend or a change of it. Gonna test it a couple weeks visually.
  • #69
  • Oct 27, 2017 2:26pm Oct 27, 2017 2:26pm
Quoting VEEFX
{quote} Look at this piece of art from today lol Signal from H1...without looking at m5 or m1 {image} {image} {image}
I fail trying to find a signal there in either m15 or h1 before the fact. Maybe tired PA, but this doesn't look like the case here at least where you took the trade, more like a lucky guess + unexpected trump news (on powell) without which it would have continued up most probably (on gdp speed 1.5 hour earlier).

You could have shorted at any red arrow without getting a runner.
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  • #70
  • Oct 27, 2017 3:51pm Oct 27, 2017 3:51pm
Quoting VEEFX
Only look past the open of the M15 candle that triggered my short aignal AND only until the close of that 15 minute candle.
And I've thought that you wait for confluence among all higher TFs. But thanks for clarification - I always learn reading your posts ...
  • #71
  • Oct 28, 2017 7:21am Oct 28, 2017 7:21am
Quoting Nicholishen
{quote} That's interesting, thanks for sharing! I think anything that's running on 28 pairs is going to kill the CPU... If you come up with something clever let me know. As far as fast markets goes I'm thinking of switching it up to calculate % of bollinger bands instead of % of ATR to see if I can get a cleaner signal.
Here's one which has both single currency relative strength as well as relative currency basket strength. Thin line is single currency itself vs USD, bold line is its basket. Didn't have the chance to test it out while market was running, but it shouldn't be that heavy on the cpu as it only calculates the last bar (ok if you choose 1m it might be a bit heavier) only require some additional ram vs normal indis. Changed FM period from 60 to 24 to reduce filtering and comply with my default period divider, they seem to work good together. What I am looking now is deviation of currency strength and its basket behavior vs FM. Perhaps an FM higher uptick means the whole market is in sync.

First time loading could break a few times until it gets all the historical data for the 28 pairs. I haven't done a USD index calc vs USD/majors as not all brokers offer USDSEK.
Attached Image (click to enlarge)
Click to Enlarge Name: cPkBofIlSNuxTD8TOGIOlw.png Size: 117 KB
Attached File(s)
File Type: ex4 MickeyBasket.ex4   170 KB | 544 downloads
  • #72
  • Oct 28, 2017 7:53am Oct 28, 2017 7:53am
pro tip for mulitple pair calcs: calculate the indi only after new bar formed on all pairs and not every tick. it improves performance and its important to calculate the new bars correctly otherwise its possible that you will get false results with some algos.
mt4 has a bug if you code this way. with some algos you have to reload the indi after you start mt4 by switching timeframes sometimes even 2 times.
  • #73
  • Oct 28, 2017 7:59am Oct 28, 2017 7:59am
Quoting mambomango
pro tip for mulitple pair calcs: calculate the indi only after new bar formed on all pairs and not every tick. it improves performance and its important to calculate the new bars correctly otherwise its possible that you will get false results with some algos. mt4 has a bug if you code this way. with some algos you have to reload the indi after you start mt4 by switching timeframes sometimes even 2 times.
That's a good tip if you're developing a non-repainting indicator that derives signals only from fully formed bars in the past, however, do to the nature of this indicator (real-time market pulse), it absolutely has to update on every tick. In fact, it really should be updated more frequently than that but I didn't want to make it hog all the resources.
  • #74
  • Oct 28, 2017 9:16am Oct 28, 2017 9:16am
Maybe I can find a way to fit it into my system, doesn't necessarily have to show direction, but if you could signal to which direction the volatility is moving through volume then it would be better so I wouldn't have to load the chart. Maybe a multi (major) currency monitor of it would be good as well, no need to draw the lines, just act as a small monitor with vol levels in a box somewhere and alerts.
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  • #75
  • Nov 14, 2017 8:53am Nov 14, 2017 8:53am
Thank you so much for this indicator, it helps alot to read the market. Thumbs up, but one of my concern is the font size of the pair is too tiny, can u make it bigger ? or can we customize it the size of the font ?.
  • #76
  • Nov 14, 2017 10:42am Nov 14, 2017 10:42am
Quoting VEEFX
{quote} Hi Nocholishen, I could not find the right time until now to try this out. I had to wait for few things to complete before I dive into this. 2.2 version is dragging my laptop big time as my EA is also a hog. I guess the option is to now try to embed this code in my EA and invoke it only after my signal turns into a trade event. Wondering if this function and mqh souce code is the same as in 2.2 version in the first post?
Still the same... the only thing I've changed is experimental - average % of BB width increase/decrease as a third metric.
  • #77
  • Dec 13, 2017 1:28pm Dec 13, 2017 1:28pm
Quoting Nicholishen
This indicator measures the average current volume and bar-spreads (high minus low) of all majors (M1 ideal) and compares the current volume to a n-period MA of volume and the average percent of spread to ATR.......
Many thanks for this indicator, it works very well as an adjunct/foil/confirmation of the Better Volume candles that I use on M15.
  • #78
  • Jan 23, 2018 3:58am Jan 23, 2018 3:58am
for 2 (two) hours nothing show up except letters ...anyone any idea why is that?
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #79
  • Jan 23, 2018 4:11am Jan 23, 2018 4:11am
Quoting Trader-Waldo
for 2 (two) hours nothing show up except letters ...anyone any idea why is that?
Do you understand how this works? I think you should reread the op.
  • #80
  • Last Post: Jan 23, 2018 8:52am Jan 23, 2018 8:52am
Quoting Trader-Waldo
for 2 (two) hours nothing show up except letters ...anyone any idea why is that?
Quoting Nicholishen
{quote} Do you understand how this works? I think you should reread the op.


I agree...it really isn't difficult to understand if you you first read the OP, then read the fews posts in this thread.
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