Thank you Nih, subscribed
{quote} Hi Dave No offence my friend ! No offence from everyone who is interested to add Gann and Hurst and Cyclic tools and understanding of the market to their own panoply.
But in this Journal Thread, I try to help fellow traders who don't have time to go that deep level analysis, and only want to train their photographic mind, to look at simple waves movement in measured space field (using TMA bands and for FX RSI levels) and recognize change in bias easily, to support their decision making process according to their own personal money management and risk management.
If you love envelopes, of course this TMA bands (that actually LWMA bands) are one of the base of envelopes.
bellow, in the main chart is the TMA bands with my template setting here. and in sub window RSI, I add envelope bands to mimicking main chart TMA bands.
So, yes I could use envelopes correctly (or any tools, as long as I could see the codes..lol) but just if necessary, and if not just adding more confusion and delay.
Regards
NIH
Dog + Smile = Beautiful Day
Hi HIH98 - I have had very impressive success with this method today - thanks for bringing it! You undoubtedly have a world of knowledge. Can you think of what you could apply to achieve the basics for this method in tablet or iphone MT4 application? Phones and tablet version of MT4 can't do TMA bands but CAN do LWMAs so grateful if you could suggest alternative input numbers? Similarly - high value RSI is not possible so maybe another indicator? R
In Main chart, we can't use relative range to create bands (except for BB) so we could only create LWMA bands for 1 TF, and if we switch to another TF then we will losing the accuracy.
So, I could help to create similar setting for tablet/phone MT4 only for TF M15.
Main Chart:
01. Moving Average, Period :66, Shift :1, Method : Linear Weight, Apply to :Close, Style: 4 Pixel, Salmon
for bands, we use multiple LWMA Envelopes
02. 1st lvl. Envelope, Period:66, Shift:1, Deviation: 0.060, Method:Linear Weight, Apply to:Close, Styles Upper Band:1 pixel, Yellow, Lower Band: 1 pixel,Aqua.
03. 2nd lvl. Envelope, Period:66, Shift:1, Deviation: 0.120, Method:Linear Weight, Apply to:Close, Styles Upper Band:1 pixel, Yellow, Lower Band: 1 pixel,Aqua.
04. 3rd lvl. Envelope, Period:66, Shift:1, Deviation: 0.180, Method:Linear Weight, Apply to:Close, Styles Upper Band:1 pixel, Yellow, Lower Band: 1 pixel,Aqua.
05. 4th lvl. Envelope, Period:66, Shift:1, Deviation: 0.240, Method:Linear Weight, Apply to:Close, Styles Upper Band:1 pixel, Yellow, Lower Band: 1 pixel,Aqua.
additional
06. ParabolicSAR, Step:0.66 Maximum:2.0, Style 2 pixel, white
Sub Window:
We use unbound oscillator to replace for FX-RSI, we use CCI but of course the level and median/equilibrium will be different because the median will be zero, and not level 50.
01. Commodity Channel Index, Period:666, Apply to:Close, Style :3 pixel, Teal(default CCI color). and create levels because this is important part of this 'range mapping concept' type LEVEL from 200 to -200 with 25 step increment, like 25,-25, 50,-50, 75,-75 until 200 to -200 range.
02. Moving Average, Period:6, Shift:1, Method:Linear Weight, Apply to; First Indicator's Data, Style: 2 pixel, Yellow.
03. Moving Average, Period:66, Shift:1, Method:Linear Weight, Apply to; First Indicator's Data, Style, 4 pixel, Salmon.
With all this setting, of course will not exactly same like main system using PC MT4, but in general will help to know 'where you are right now'
Feel free to post for further discussion, I will try to help as far as I can.
Hope it help and best regards
NIH
Dog + Smile = Beautiful Day
- #74
- May 13, 2019 10:37pm May 13, 2019 10:37pm
{quote} Hi, Mamabear there's no too late or too early, in every moment in the market there's only right or wrong. So with this manual system set up, we only need 2 exit strategies after we enter the market; 1. what should be our next action when we right, and 2. what should be our next action when we wrong. Both strategies should give us positive result in the end. Meaning, as traders our job is to create that 2 strategies that specifically suit our personal risk management and personal money management. For example at that GN, the Upper Multi dimensional...
This is super helpful, thank you
. I am studying your chart on Robot's thread regarding hedging. So I am thinking when I am wrong I hedge a position until the next opposite fractal forms, and consider where price is with TMA bands on the lower time frame, and where RSI is relating with the levels and the MAs, I close the positions and/or open new positions. Is this a good approach for "wrong" trades? please critique if you will. Thank you 
{quote} Hi Bro, yes we can't use custom indicators with phone/tablet version of MT4. also for standard oscillator indicators (bound type like RSI/Stoch) we can't release the limit boundary. In Main chart, we can't use relative range to create bands (except for BB) so we could only create LWMA bands for 1 TF, and if we switch to another TF then we will losing the accuracy. So, I could help to create similar setting for tablet/phone MT4 only for TF M15. {image} Main Chart: 01. Moving Average, Period :66, Shift :1, Method : Linear Weight, Apply to...
I'll try those settings later today.
That's a huge effort you've gone to and is VERY APPRECIATED!
Thanks man
