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  • #92,681
  • Edited 1:06pm Dec 29, 2018 12:52pm | Edited 1:06pm
Quoting Petru00
{quote} I am just wondering what is the role of so many indicators in this system 1. TDI in 95% of cases crosses at the first heikin ashi candle https://www.tradingview.com/x/8RJQcbDn/ Literally every heikin ashi candle with a decent length will trigger a cross on TDI. So what exactly is the use of TDI if you use heikin ashi? They are literally saying the same thing 2. Stochastic and TDI will always show the same direction because both are momentum indicators https://www.tradingview.com/x/4D314SQZ/ There is...
1. Don't use HA. Member's have to answer in regards to your observation
2. Don't agree. It depends on what settings Stoch and TDI is set to. (See if you can get Stoch 34.3.3 to agree with TDI 13.2.7)
- Real time: Stoch will move with price as it goes up and down.
- Up date on bar close: On M15 Stoch will confirm TDI green after 15 min, H1 > one hour.
No, they don't calculate the same thing. Will not go into detail. Google for why.
example: https://tradingsim.com/blog/stochastic-rsi/
Take note of how lagging indicators are (your words)
Quote: "More importantly, Lane believed that changes in momentum often preceded changes in price, in a way making the Stochastics oscillator a type of a leading indicator for price changes by measuring momentum. "
3. Read 1.
4. Can not answer for other members.
Never used 4EMA. (Typo? Did you mean't to type 5EMA?)
Member's have to answer in regards to all those indicators.
------
Use two indicators TDI + Stoch. See chart couple of posts back (above)
My answer is simple:
- Spend all most four years learning this method: TMS. Understand what TDI is showing and know when Stoch confirm TDI direction with post#647 and S/R level.
Main Reason: Because it works.
------------
Little bit of advice Petru. Stop being a wise guy. Everything that you have posted so far have been asked and answered in this thread and elsewhere many times.
To show you how little do you know: Post 1
  • #92,682
  • Dec 29, 2018 1:16pm Dec 29, 2018 1:16pm
Quoting emmanuel7788
{quote} What happened in the case of GBPUSD? False TDI signals when there are price gaps. {image}
NICE Picture!!!!!!!!!!1
  • #92,683
  • Edited 3:20pm Dec 29, 2018 2:35pm | Edited 3:20pm
Quoting Tekkies
{quote} 1. Don't use HA. Member's have to answer in regards to your observation 2. Don't agree. It depends on what settings Stoch and TDI is set to. (See if you can get Stoch 34.3.3 to agree with TDI 13.2.7) - Real time: Stoch will move with price as it goes up and down. - Up date on bar close: On M15 Stoch will confirm TDI green after 15 min, H1 > one hour. No, they don't calculate the same thing. Will not go into detail. Google for why. example: https://tradingsim.com/blog/stochastic-rsi/ Take note of how lagging indicators are (your...
I found ema 4 to recreate exact how heikin ashi candles are formed. Anyhing above ema 4 is painted as a green heikin ashi candle and anything below is printed as a red heikin ashi candle.

You can't even agree the same indicator if you use different settings on it. Stochastic and TDI have lag because you need to wait for them either to turn (changing slope) or to cross the signal line. You can actually trade the smoothness of an indicator for it's precision and viceversa. Smooth=less singals but more lag. Less smoothness = more signals and less lag.

I know they're not calculated the same. I wanted to say they say the same thing, momentum in price, every momentum indicator it is the same, that is why if you work on settings you can actually recreate any momentum indicator with another one.

Williams %R vs RSI vs Stochastic
https://www.tradingview.com/x/y1B0vqzx/

Stochastic momentum index vs MACD vs TDI
https://www.tradingview.com/x/eN1duog4/

Different calculations, same representation. TDI and Stochastic are exactly the same thing

They cannot show different direction because they're basically the same indicator
https://www.tradingview.com/x/lRXRtTrB/

Stochastic (8,3,3) will ALWAYS agree with TDI (2,7).

I am not saying that this method doesn't work. Im just wondering why it is so "complicated", this method can literally be even simplier, with just an ema. Because every indicator on this system says the same thing.
I am not trying to be the wise guy here, i am just wondering why this system was created this way. I'm always open to learn and understand things.

PS: Stochastic RSI is exactly the same with stochastic if you follow the crossover and slope. Stochastic RSI tends to be faster at chasing extremes, that's why it may seem different.

Petru
  • #92,684
  • Dec 29, 2018 2:42pm Dec 29, 2018 2:42pm
Quoting Tekkies
{quote} Sorry misunderstood your post. No it does not. #270...............If the TDI straight green line tweaks it's angle... pay close attention... check everything... it's warning you something has changed or is about to... #274...............TDI Tweaks... It doesn't mean you have to exit the trade... it's a heads up so pay attention... #276 already on check list #340.............. Note the green line has tweaked to the right twice... We are way above the TDI 68 Line... Will be turning, soon. Keep an eye on it............. #353.............. no...
Perfect. I think, i can see the difference now. - thanks Techies
  • #92,685
  • Dec 29, 2018 2:44pm Dec 29, 2018 2:44pm
Quoting emmanuel7788
{quote} that must have been a fantastic honeymoon during winter time. Lots to do all season round - trekking the mountains, sailing the many lakes, flying and sightseeing, etc. Great place to retire and enjoy life.
We are on the same wave length. Heres to hoping.
  • #92,686
  • Dec 29, 2018 2:51pm Dec 29, 2018 2:51pm
Quoting emmanuel7788
{quote} What happened in the case of GBPUSD? False TDI signals when there are price gaps. {image}
Hi emmanuel7788,

I actually traded that on the 3rd candle - on the bounce. However, the bounce quite literally vanished on repainting of the TDI.

I'm currently displaying both versions of TDI i.e. the Repainting and Non-Repainting, i can see the difference.

Back to the earlier trade - had i been using the Real-Time Version, i would not have seen the bounce and probably
not been in the trade to begin with.

After a few weeks - i will likely continue using the Real-Time (repainting version).

Thanks Mate.
  • #92,687
  • Dec 29, 2018 3:28pm Dec 29, 2018 3:28pm
Quoting emmanuel7788
TDI tweek and hook examples: Tweek and Hook are different. study the price action and how the TDI Green line responds to the price action. Also look closely at the 'reversal' candle which Big E mentioned many times in his posts both in the old thread and in this thread. The reversal candles is very important to learn and to spot when you want to take a trade entry using HA Candles #1 and #2. Very important when you want to scalp the H4 they way Big E did. Scalping and Swing trading are different. Make sure you read all his posts in both old and...
Wow never realized I had my settings wrong (in comparison to Big E's)!

For anyone using Ninjatrader 8's amaTradersDynamicIndex, the settings are 13,1,6....
  • #92,688
  • Dec 29, 2018 3:36pm Dec 29, 2018 3:36pm
Quoting Petru00
{quote} I am just wondering what is the role of so many indicators in this system 1. TDI in 95% of cases crosses at the first heikin ashi candle https://www.tradingview.com/x/8RJQcbDn/ Literally every heikin ashi candle with a decent length will trigger a cross on TDI. So what exactly is the use of TDI if you use heikin ashi? They are literally saying the same thing 2. Stochastic and TDI will always show the same direction because both are momentum indicators https://www.tradingview.com/x/4D314SQZ/ There is...
Aren't a lot of technical systems out there some form of trying to ascertain Price Action and Momentum - this one displays the information differently, if you can spot all those conditions including specifics around momentum i.e. avoid < 32, >68, angle of cross etc without using TDI indicator - that's great, infact that's one less indicator on your screen.

You can see on the below chart that on the first candle HA candle which was infact quite large - there is no cross on the TDI. Please don't use this as a basis of negative confirmation, i just quickly scanned the market and found something.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 190 KB


Thanks
  • #92,689
  • Dec 29, 2018 4:59pm Dec 29, 2018 4:59pm
Quoting AkronD
{quote} Aren't a lot of technical systems out there some form of trying to ascertain Price Action and Momentum - this one displays the information differently, if you can spot all those conditions including specifics around momentum i.e. avoid < 32, >68, angle of cross etc without using TDI indicator - that's great, infact that's one less indicator on your screen. You can see on the below chart that on the first candle HA candle which was infact quite large - there is no cross on the TDI. Please don't use this as a basis of negative confirmation,...
Hello, that's extremly interesting. Thanks to you i just noticed that TDI actually calculates its lines on the actual chart. (heikin ashi TDI =/ normal chart TDI)

https://www.tradingview.com/x/0Hup2gcJ/ (heikin ashi chart and tdi)
https://www.tradingview.com/x/l9LnaX9E/ (normal chart and tdi)

I initially thought heikin ashi it is just an indicator not a charting method and always looked at the real price.

More exemples:

https://www.tradingview.com/x/rbc4CAFL/
https://www.tradingview.com/x/rhOmH26H/

Not sure if that's a good or a bad thing

From my backtests i found that you have to take the trend into consideration when using this system, not sure if this was pointed out before but it is an extremly important step. Following the trend with heikin ashi/ema 4/tdi/stochastic (doesn't even matter) it will bring many pips


Best regards, Petru
  • #92,690
  • Dec 29, 2018 11:55pm Dec 29, 2018 11:55pm
Quoting Petru00
{quote} Hello, that's extremly interesting. Thanks to you i just noticed that TDI actually calculates its lines on the actual chart. (heikin ashi TDI =/ normal chart TDI) https://www.tradingview.com/x/0Hup2gcJ/ (heikin ashi chart and tdi) https://www.tradingview.com/x/l9LnaX9E/ (normal chart and tdi) I initially thought heikin ashi it is just an indicator not a charting method and always looked at the real price. More exemples: https://www.tradingview.com/x/rbc4CAFL/ https://www.tradingview.com/x/rhOmH26H/...
- TMS a trend following method. In consolidation every crossover trade will deplete account.
- HA is an indicator. (After all you find it in the Navigator indicator sub-window.). For me not a reliable charting method:Post 92,572
"i am just wondering why this system was created this way"
BigE answered that in Post#1:
I wanted a method that was simple, worked on all timeframes, simple rules, few indicators.... that when looking at my simple chart it just shouted out what I needed to do and developed a method that is 70-80%+ wins for me on a regular basis. It took over 2 years to develop this method. I worked hard... late nights and weekends to. I was so hungry for success.
-----------
The rule's are simple and very misleading :Post 647 . Many new and old traders read that post thinking "Is that all". When they fail with margin call TMS get the blame. Forgetting that it is them who are at fault for not understanding basic Forex:

Have to read all BigE's post like Post 643, ,Post 656 , Post 665, Post 686, Post 696, Post 696 and many more.
How I did it:Post 84,888
----------
You like RSI? How about this one?: Post 676

Quoting Petru00
{quote} I found ema 4 to recreate exact how heikin ashi candles are formed. Anyhing above ema 4 is painted as a green heikin ashi candle and anything below is printed as a red heikin ashi candle. You can't even agree the same indicator if you use different settings on it. Stochastic and TDI have lag because you need to wait for them either to turn (changing slope) or to cross the signal line. You can actually trade the smoothness of an indicator for it's precision and viceversa. Smooth=less singals but more lag. Less smoothness = more signals and...
Read above
  • #92,691
  • Dec 30, 2018 2:52am Dec 30, 2018 2:52am
Quoting Petru00
{quote} Hello, that's extremly interesting. Thanks to you i just noticed that TDI actually calculates its lines on the actual chart. (heikin ashi TDI =/ normal chart TDI) https://www.tradingview.com/x/0Hup2gcJ/ (heikin ashi chart and tdi) https://www.tradingview.com/x/l9LnaX9E/ (normal chart and tdi) I initially thought heikin ashi it is just an indicator not a charting method and always looked at the real price. More exemples: https://www.tradingview.com/x/rbc4CAFL/ https://www.tradingview.com/x/rhOmH26H/...
Honestly - i've realised my trading is most succesful when its with trend. I've given up picking reversals. This requires more experience - it will come with time i suspect. I almost always go with the EMAs on my charts as an added confluence.

Also i will add - as i have understood - TMS is the system, TDI is an indicator which is used to fulfil some of the requirements of TMS. As i said earlier if you can remove noise but somehow stay true to the rules of TMS - i would have thought its a good outcome.
  • #92,692
  • Dec 30, 2018 10:59am Dec 30, 2018 10:59am
Quoting Tekkies
{quote} - TMS a trend following method. In consolidation every crossover trade will deplete account. - HA is an indicator. (After all you find it in the Navigator indicator sub-window.). For me not a reliable charting method:Post 92,572 "i am just wondering why this system was created this way" BigE answered that in Post#1: I wanted a method that was simple, worked on all timeframes, simple rules, few indicators.... that when looking...
I don't think you can see or understand my points.

Thank you for answers anyways.

Best of luck, Petru.
  • #92,693
  • Dec 30, 2018 11:04am Dec 30, 2018 11:04am
Quoting AkronD
{quote} Honestly - i've realised my trading is most succesful when its with trend. I've given up picking reversals. This requires more experience - it will come with time i suspect. I almost always go with the EMAs on my charts as an added confluence. Also i will add - as i have understood - TMS is the system, TDI is an indicator which is used to fulfil some of the requirements of TMS. As i said earlier if you can remove noise but somehow stay true to the rules of TMS - i would have thought its a good outcome.
I was just trying to say that every indicator on the chart says the same thing.
Heikin ashi shows momentum, tdi shows momentum, stochastic shows momentum, ema 5 (which is basically tdi) shows momentum.
These indicators will never contradict because they show the same thing.

Best regards, Petru.
  • #92,694
  • Dec 30, 2018 1:53pm Dec 30, 2018 1:53pm
Quoting Petru00
{quote} I don't think you can see or understand my points. Thank you for answers anyways. Best of luck, Petru.
You what me to say that three indicators are the same because they show momentum. Yes they are and they are not used in that way in this method.
In TMS:
- TDI is used as:
1. Crossover to show a possible trade might exist
2. Green angle
a. Must be above / below 2 / 4 to enter a trade. (This show how strong the momentum is)
b. Between 2 / 4 no trade is placed
c. Exit a trade when TDI green check mark, hook over or go flat
d. Level of cross to determine the success of trade
- Stoch is only used to:
1. Confirm direction. That is the only reason why it is in this method. (Some members have removed it.)
- HA is used to
1. Reduce market noise
2. Two bar's of the same color to confirm trade.
3. Bar's and wick's is used to understand what the market is trying to do. (Many of BigE's post give the "how".)
- 5EMA
1. BigE did not use it that much either.
The rest of the method is in Post#647 and S/R level (Forex Basic)
--------------
You want to use the indicators as moment because that is how you learned to use them you will not succeed with TMS.
Post#6.....................If you add other things it will influence your decisions... usually to your detriment..................
  • #92,695
  • Dec 30, 2018 6:37pm Dec 30, 2018 6:37pm
<>. If you add other things it will influence your decisions... usually to your detrament. <>

Today is last trading day of the year. Sit back and relax.

Post#6 said: if you add other things it will influence your decisions...usually to your detrament(detriment).

Well, that has been more than 6 years ago. When you have gained more knowledge and experience since the OP Big E passed away in 2012 you will have the confidence to decide what is good for you and your trading. You can remove some things like the Stcohastics, the TDI,.. like the Op said in Post#2617 below and then you will be able to make trade decisions a lot simpler and easier.

<>It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?<>

Add music when you trade. It will help you relax and by calm.

Inserted Video


Enjoy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,696
  • Dec 30, 2018 6:42pm Dec 30, 2018 6:42pm
Quoting Petru00
{quote} I don't think you can see or understand my points. Thank you for answers anyways. Best of luck, Petru.

Like an old train it keeps on chugging away ... oblivious to the changing ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,697
  • Dec 30, 2018 6:48pm Dec 30, 2018 6:48pm
Quoting richt3
{quote} Wow never realized I had my settings wrong (in comparison to Big E's)! For anyone using Ninjatrader 8's amaTradersDynamicIndex, the settings are 13,1,6....

once you found a setting that work for you and you has consistent results, stick to that with DISCIPLINE.

CONSISTENCY is an EDGE.

The TDI is not an edge.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,698
  • Dec 30, 2018 6:52pm Dec 30, 2018 6:52pm
Quoting Petru00
{quote} Hello, that's extremly interesting. Thanks to you i just noticed that TDI actually calculates its lines on the actual chart. (heikin ashi TDI =/ normal chart TDI) https://www.tradingview.com/x/0Hup2gcJ/ (heikin ashi chart and tdi) https://www.tradingview.com/x/l9LnaX9E/ (normal chart and tdi) I initially thought heikin ashi it is just an indicator not a charting method and always looked at the real price. More exemples: https://www.tradingview.com/x/rbc4CAFL/ https://www.tradingview.com/x/rhOmH26H/...


You may be a New Member in FF but reading your posts, you are not new to trading. You have good knowledge and it is good that you share here and open up the minds of many people reading this thread. This would help them.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,699
  • Dec 30, 2018 7:20pm Dec 30, 2018 7:20pm
Quoting Petru00
{quote} I found ema 4 to recreate exact how heikin ashi candles are formed. Anyhing above ema 4 is painted as a green heikin ashi candle and anything below is printed as a red heikin ashi candle. You can't even agree the same indicator if you use different settings on it. Stochastic and TDI have lag because you need to wait for them either to turn (changing slope) or to cross the signal line. You can actually trade the smoothness of an indicator for it's precision and viceversa. Smooth=less singals but more lag. Less smoothness = more signals and...

TDI and Stochastics are like learning wheels

once you have learned and have enough trading experience, you can remove your learning wheels.

Attached Image


I removed them this year and kept only the Average Price Bars APB/HA candles on my trading charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #92,700
  • Dec 31, 2018 4:17pm Dec 31, 2018 4:17pm
Quoting emmanuel7788
{quote} TDI and Stochastics are like learning wheels once you have learned and have enough trading experience, you can remove your learning wheels. {image} I removed them this year and kept only the Average Price Bars APB/HA candles on my trading charts.
Nice !!. I've got the training wheels on and wobbling my way through.

Are you using the TMS Monitor / Dashboard?
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rogantin