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MADdash (Moving Average Distance)

  • #2,181
  • Sep 28, 2018 7:08am Sep 28, 2018 7:08am
Quoting lakmal123
2nd one {image} {image} {image}
This is not bad but the GBP was not as strong at the time of the screenshot
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  • #2,182
  • Sep 28, 2018 7:13am Sep 28, 2018 7:13am
Quoting lakmal123
plz tell me if im wrong? {image} {image} {image}
Same here, the NZD group was not very weak at the time of this screenshot. You have to be careful when u begin to see the lower time frames of a group diverging from the higher time frame - it maybe a pullback or change of trend. It is therefore better to wait. Resumption of trend on pullbacks offer better opportunities and reward and prevents unnecessary DD.

Cheers, and have a good week end all
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  • #2,183
  • Oct 9, 2018 4:23pm Oct 9, 2018 4:23pm
Hi Guys, can somebody point me in the right direction where to download DBMultiASM_MADdash_PIN_v2.0 and tpl.
Thanks
  • #2,184
  • Oct 11, 2018 4:41am Oct 11, 2018 4:41am
What MA did u use ??
  • #2,185
  • Oct 11, 2018 5:36am Oct 11, 2018 5:36am
Quoting 919gilead
{quote} Hi Irad, Sorry dashboard screenshot was taken well after the trades, otherwise the EURUSD trade would be irrelevant to the dashboard. And good one on your USDCHF trade {image}
Hi 919Gilead
Looking at your Chart I got the idea that it would be very interesting to have N INDI WHICH SHOWS the longest chop-times on different Instruments as a dashbord. This would give the possibility to catch on in early developing new Trends!
Have any idea on this ?
Thanks
  • #2,186
  • Oct 11, 2018 1:27pm Oct 11, 2018 1:27pm
Quoting wolfsch
{quote} Hi 919Gilead Looking at your Chart I got the idea that it would be very interesting to have N INDI WHICH SHOWS the longest chop-times on different Instruments as a dashbord. This would give the possibility to catch on in early developing new Trends! Have any idea on this ? Thanks

No I don't. What's on your mind?
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  • #2,187
  • Oct 12, 2018 7:25am Oct 12, 2018 7:25am
Quoting 919gilead
{quote} No I don't. What's on your mind?
On my mind is a dasshbord which is giving Signals when maximum periods of sideways market are possibly ending
  • #2,188
  • Oct 13, 2018 1:59am Oct 13, 2018 1:59am
Quoting Irad
USD/CHF --> +31 pips dashboard picture was taken 5 minutes before my entry. stops were at B/E prior to USD news release. same for GBPCHF {image} {image} {image}

dear Irad, What are your settings for MADdash?
Can you share?
  • #2,189
  • Oct 13, 2018 2:05am Oct 13, 2018 2:05am
Friends please share the answer to the following question:


What are your settings for MADdash? (Your successful settings for using it)
  • #2,190
  • Oct 13, 2018 5:04am Oct 13, 2018 5:04am
Quoting sobhan
Friends please share the answer to the following question: What are your settings for MADdash? (Your successful settings for using it)
no bulletproof setting there,
I used 21lwm and also 35 smoothed on the 5M, 15M, 30M charts

put MTF ma's on your chart and change the settings.

more important of the usage of this indicator is actually get the feeling that pair isn't ranging
most cases when one currency is all green and the second is all red is that the pair is in trend.

also beware of news or rapid market movement
you see many times one currency that is very strong and other that is weak, and by a blink of an eye it changes(take whatever the market gives you)
  • #2,191
  • Oct 13, 2018 9:51am Oct 13, 2018 9:51am
Quoting wolfsch
{quote} On my mind is a dasshbord which is giving Signals when maximum periods of sideways market are possibly ending
Irad just gave a hint of how to achieve that in post 2190 above
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  • #2,192
  • Oct 17, 2018 2:19pm Oct 17, 2018 2:19pm
I did a timer screenshot every 5min for the following setting: 5M to H1 using 37 SMMA
for the date 17/10/2018 from 15:56 to 22:56 - server reset on that broker at gmt+2
feel free to use those screenshot to backtest(as this is the only way to backtest the data) and see what the indicator showed me that whole day
Attached Image (click to enlarge)
Click to Enlarge Name: 17-10-2018-15_56_.gif Size: 125 KB
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File Type: rar 17-10-2018.rar   9.9 MB | 1,024 downloads
  • #2,193
  • Oct 18, 2018 11:07am Oct 18, 2018 11:07am
Quoting 919gilead
{quote} Irad just gave a hint of how to achieve that in post 2190 above
Thank you guys for a beautiful thread, full of solid trading knowledge.

George, I am looking for you post where you explain that you are currently using smaller periods for M1/M5/M15 to decrease lag and increase number of possible entries to analyze, I have read it today but then lost, looking for it over an hour and cant't find it.

Could point it out to me or explain it again? Or post a screenshot of your indicator inputs here? Thank you in advance.

( I just realized that maybe I will browse through my history, maybe it helps)
  • #2,194
  • Oct 18, 2018 11:53pm Oct 18, 2018 11:53pm
Quoting Fred-IV
{quote} Thank you guys for a beautiful thread, full of solid trading knowledge. George, I am looking for you post where you explain that you are currently using smaller periods for M1/M5/M15 to decrease lag and increase number of possible entries to analyze, I have read it today but then lost, looking for it over an hour and cant't find it. Could point it out to me or explain it again? Or post a screenshot of your indicator inputs here? Thank you in advance. ( I just realized that maybe I will browse through my history, maybe it helps)
Hey Fred,

I hope you were able to find it otherwise just type a key word of what you are looking for into the "search this thread" box at the left hand corner above.

Cheers
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  • #2,195
  • Oct 19, 2018 2:06am Oct 19, 2018 2:06am
Quoting 919gilead
{quote} Hey Fred, I hope you were able to find it otherwise just type a key word of what you are looking for into the "search this thread" box at the left hand corner above. Cheers
Thank you, post 1490, point 2. First keyword, first hit.

Yesterday evening I couldn't think about any useful keyword, was too tired, otherwise I wouldn't bother you with my question, sorry for that.

"Yes at the beginning I used the same MA period and method on all time frames but later realized that did not make sense when I noticed the frequency of late entries as you rightly mentioned. So I used lower periods like 5 EMA, 10 - 15 EMA for higher time frames"

It is interesting, I thought you use a shorter period on the lower timeframes, but you use it for longer. It is understandable, because you want to catch a quick, strong move present on different timeframes "in the making". It also means that my idea of adding H4/D1 to increase probability and length of a move might not be as useful as I initially thought. I am trying to filter out the best, most probable moves, any idea appreciated by the way if you will have time.

Thank you again.
  • #2,196
  • Oct 19, 2018 6:23am Oct 19, 2018 6:23am
Quoting Fred-IV
{quote} Thank you, post 1490, point 2. First keyword, first hit. Yesterday evening I couldn't think about any useful keyword, was too tired, otherwise I wouldn't bother you with my question, sorry for that. "Yes at the beginning I used the same MA period and method on all time frames but later realized that did not make sense when I noticed the frequency of late entries as you rightly mentioned. So I used lower periods like 5 EMA, 10 - 15 EMA for higher time frames" It is interesting, I thought you use a shorter period on the lower timeframes, but...
The dashboard gives you a realtime feel of what the market is doing without looking at 28 pairs so you can pick up those that trends.

When I get that feel, what I do is open the pair and look for higher highs and higher lows for bull market, or lower highs and lower lows for bear market.

Check the trade I added on the USDCAD, the dashboard started to show by the time I entered the trade that the CAD getting stronger but there was no major low that break so I decided to take that long position at the last major low to my view. and it happened right before some CAD news announcement.
but look at the MA's and try put some different of yours and you'll realize that the structure of the pair is what's important(LL, LH, HH, HL) and this lagging indicator gives you a lead to which are the ones that actually trends regardless the MA period/type/color and without watching 28 pairs on 1 screen.
Attached Image (click to enlarge)
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  • #2,197
  • Oct 19, 2018 7:20am Oct 19, 2018 7:20am
Quoting Fred-IV
{quote} Thank you, post 1490, point 2. First keyword, first hit. Yesterday evening I couldn't think about any useful keyword, was too tired, otherwise I wouldn't bother you with my question, sorry for that. "Yes at the beginning I used the same MA period and method on all time frames but later realized that did not make sense when I noticed the frequency of late entries as you rightly mentioned. So I used lower periods like 5 EMA, 10 - 15 EMA for higher time frames" It is interesting, I thought you use a shorter period on the lower timeframes, but...
You have been adequately taken care of by Irad, and thank u Irad
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  • #2,198
  • Oct 19, 2018 9:56am Oct 19, 2018 9:56am
Quoting Irad
{quote} The dashboard gives you a realtime feel of what the market is doing without looking at 28 pairs so you can pick up those that trends. When I get that feel, what I do is open the pair and look for higher highs and higher lows for bull market, or lower highs and lower lows for bear market. Check the trade I added on the USDCAD, the dashboard started to show by the time I entered the trade that the CAD getting stronger but there was no major low that break so I decided to take that long position at the last major low to my view. and it happened...
Thank you Irad, I have read thrice your answer so far, maybe I'm tired but dont understand it fully, will try again tomorrow.

However this part of your answer convinces me that you have understood my question/problem: "this lagging indicator gives you a lead to which are the ones that actually trends regardless the MA period/type/color and without watching 28 pairs on 1 screen."

As I understand it now:

1. You choose a pair with MadDash and then you look at the current structure of the market, highs and lows, support/resistance areas/lines.
2. You look for general signs of the trend (in up trend for example price respects major support and takes out minor and major resistance)
3. MAD serves you as a general tool to assess the overall pull/push of the currencies, and it is not a system by itself, you use it rather to find a pack of options (the best pairs) and then assess the technical situation to take a trade in best possible pair/situation at the moment and stay of the other.
For example if in an uptrend on the chart major support (green rectangle) would be taken - it is a sign that trend obviously it lost its power up, so every long would be too risky.

Thank you guys and have a nice weekend!
  • #2,199
  • Oct 20, 2018 12:38pm Oct 20, 2018 12:38pm
Quoting Fred-IV
{quote} Thank you Irad, I have read thrice your answer so far, maybe I'm tired but dont understand it fully, will try again tomorrow. However this part of your answer convinces me that you have understood my question/problem: "this lagging indicator gives you a lead to which are the ones that actually trends regardless the MA period/type/color and without watching 28 pairs on 1 screen." As I understand it now: 1. You choose a pair with MadDash and then you look at the current structure of the market, highs and lows, support/resistance areas/lines....
When I said that I take whatever the market gives me that usually means I don't know if the trend will end or will keep pushing toward it's direction and break support or resistance, you can always gamble that the trade will not end and move stops to B/E or take partial or take the whole position off.

I don't want to confuse you with how to asses if trend is over or not, you need to adapt yourself those rules and S/R patterns to estimate the direction you are trading.

as for my example, yes if that green rectangle would have taken out i'll probably wouldn't be looking at USDCAD anymore the following hours. also dashboard would be showing mixed colors so I wouldn't be bothered about this pair anymore regardless the loss.

but it did respect support, and look what happened the next 3 hours.
as I'll look into a pullback into that zone
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  • #2,200
  • Oct 20, 2018 11:08pm Oct 20, 2018 11:08pm
Very true, you never know what the market will do next, just continue to trade an object in motion until it hits a roadblock.
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