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MADdash (Moving Average Distance)

  • #2,741
  • May 29, 2019 4:56pm May 29, 2019 4:56pm
Quoting 919gilead
{quote} CHF was not on the original list but has now joined the list of weak currencies, and AUDUSD also looking set to resume the downtrend. In addition to the MADdash and csDash, I also use the currency slope strength to time my entry, and want to see the currency lines breaking out in the right direction, otherwise I sit on my hands to avoid any head fake. What the MADdash does for me is to help narrow down the pairs I should be watching, and I can start planning in advance. The day we realize we don't need to trade every day and only need 20...
Do you recommend one stick to trading one session when focusing on just 20 pips per day?
  • #2,742
  • May 29, 2019 5:32pm May 29, 2019 5:32pm
Quoting cashgod
{quote} Do you recommend one stick to trading one session when focusing on just 20 pips per day?
Depends on trader's preference as each session will always throw out something to trade but the London/US session is more idea IMHO
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  • #2,743
  • Edited May 30, 2019 1:10am May 29, 2019 11:32pm | Edited May 30, 2019 1:10am
Quoting Merka
{quote} Is he called mladen?
Madtrader coder is overrated. Nowhere close to classy coders like mladen, cja , futurespec and a host of others at various FF forum. It is because of bad tempered moderators that forum is dying.
Practice makes a person perfect
  • #2,744
  • May 30, 2019 5:07pm May 30, 2019 5:07pm
Erebus

Could you provide me the indicator of: ADR and the Strong vrs Weak, please.
  • #2,745
  • May 30, 2019 7:04pm May 30, 2019 7:04pm
Quoting tradernew
Erebus Could you provide me the indicator of: ADR and the Strong vrs Weak, please.
Here you go
Attached File(s)
File Type: ex4 1.ADR (1).ex4   11 KB | 530 downloads
File Type: ex4 HTTBOP_Currency_Strength ? Kopi ? Kopi.ex4   49 KB | 649 downloads
Insanityoing same ting over expecting different results..Einstein
  • #2,746
  • May 30, 2019 7:12pm May 30, 2019 7:12pm
Thanks for the help FXsniper111

Noldi
  • #2,747
  • Jun 5, 2019 11:43am Jun 5, 2019 11:43am
Quoting Erebus
WOW, right from London Open, Frankfurt even Purple dash line = yesterday LOW {image}
Hello Erebus,
What is this indicator called and where can I find it?

Thank you.
Attached Image
Sorry for my English: Google translator
  • #2,748
  • Jun 5, 2019 11:58am Jun 5, 2019 11:58am
Quoting Girelli
{quote} Hello Erebus, What is this indicator called and where can I find it? Thank you. {image}
Look post #2745
Maybe is what you are looking for
  • #2,749
  • Jun 5, 2019 1:37pm Jun 5, 2019 1:37pm
Quoting Girelli
{quote} Hello Erebus, What is this indicator called and where can I find it? Thank you. {image}
it is Currency Strength Giraia

find it here

https://www.forexfactory.com/showthr...76#post9389376

or search all of FF as I did , there is many versions , and many information , such as

https://www.forexfactory.com/showthread.php?t=163158

good luck
It takes a lot for me to IGNORE you, but you can try.
  • #2,750
  • Jun 5, 2019 10:04pm Jun 5, 2019 10:04pm
[quote = Erebus; 12313297] {quote} sa force monétaire Giraia le trouve ici https://www.forexfactory.com/showthr...76#post9389376 ou recherchez dans tout FF comme je l'ai fait, il existe de nombreuses versions et de nombreuses informations telles que https://www.forexfactory.com/showthread.php?t=163158 bonne chance [/ quote]

Thank you Herebus, very kind of you.
Sorry for my English: Google translator
  • #2,751
  • Jun 9, 2019 5:25am Jun 9, 2019 5:25am
Quoting Erebus
WOW, right from London Open, Frankfurt even Purple dash line = yesterday LOW {image}
Hallo pls I need the indicator at the bottom look like an extension of finviz currency meter
  • #2,752
  • Jun 18, 2019 10:54am Jun 18, 2019 10:54am
Just saying hello
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  • #2,753
  • Jun 18, 2019 11:22am Jun 18, 2019 11:22am
Quoting 919gilead
Just saying hello {image} {image}
bravo 919 gilead
Sorry for my English: Google translator
  • #2,754
  • Jun 19, 2019 6:25am Jun 19, 2019 6:25am
Quoting 919gilead
Just saying hello {image} {image}
Congratulations
  • #2,755
  • Jun 19, 2019 9:04am Jun 19, 2019 9:04am
Thank you
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  • #2,756
  • Jun 19, 2019 11:08pm Jun 19, 2019 11:08pm
Quoting 919gilead
Thank you {image}
Hi George,

Do you always trade the retracements or you also trade the building up trends, and if you could please explain how do you judge the strength of trend which is building up or you just judge take the trade based upon the distance from the Moving Average as the strength of the trend which i can see from your trades.

Thanks
  • #2,757
  • Jun 20, 2019 9:23am Jun 20, 2019 9:23am
Quoting him.bhardwaj
{quote} Hi George, Do you always trade the retracements or you also trade the building up trends, and if you could please explain how do you judge the strength of trend which is building up or you just judge take the trade based upon the distance from the Moving Average as the strength of the trend which i can see from your trades. Thanks
Manually I don't trade the retracement as I buy above the MA Channel and sell below it on MADdash confirmation. This is the simple way I trade. It is however funny that the EA I am testing has done excellently well trading both.

Quote
....how do you judge the strength of trend which is building up ....
There are 8 major currency groups and each group has 7 currency pairs. The more pairs moving in the same direction in a group, the stronger the strength or weakness of that group; and the more you find this pattern repeated from the LTF (lower time frames) up to the HTF, the better.

Thank you
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  • #2,758
  • Jun 20, 2019 9:44am Jun 20, 2019 9:44am
Just a reminder for you Kenny
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  • #2,759
  • Jun 20, 2019 10:25am Jun 20, 2019 10:25am
Quoting 919gilead
{quote} Manually I don't trade the retracement as I buy above the MA Channel and sell below it on MADdash confirmation. This is the simple way I trade. It is however funny that the EA I am testing has done excellently well trading both. {quote} There are 8 major currency groups and each group has 7 currency pairs. The more pairs moving in the same direction in a group, the stronger the strength or weakness of that group; and the more you find this pattern repeated from the LTF (lower time frames) up to the HTF, the better. Thank you
Sorry to disturb you George, but as far as my understanding goes while trading manually you let the trend establish on M30 and then trade the retracement of that trend on M1 or M5 although I have obseved that you don't really get the retracement on M5 it is just the trend of M30 in a more elaborate way on M5.

Then can you please explain How to you judge the strength of the fresh building up trade or is my understanding is not exactly what you do.

Thanks
  • #2,760
  • Jun 20, 2019 10:47am Jun 20, 2019 10:47am
Quoting him.bhardwaj
{quote} Sorry to disturb you George, but as far as my understanding goes while trading manually you let the trend establish on M30 and then trade the retracement of that trend on M1 or M5 although I have obseved that you don't really get the retracement on M5 it is just the trend of M30 in a more elaborate way on M5. Then can you please explain How to you judge the strength of the fresh building up trade or is my understanding is not exactly what you do. Thanks
1. I generally trade in the direction of the M30/H1 trend but enter on the M5 time frame.
2. I use 35 LWMA Channel as my bellwether to buy above and sell below
3. I want the M30 candle imposed on the M5 TF to close above the MA Channel before buying on the next M5 candle that close above the M30 candle
4. If the trend is strong, I will not wait for M30 candle close before entry and will rather use the M5 candle close

Quote
Now to your question, how do I judge the strength of the fresh buildup?
Same answer as I gave above:
* I want majority of the pairs in the currency groups I am trading to be moving strongly in the same direction, which means out of the 7 pairs in each group, I want at least 4 moving in the same direction. The more, the stronger but remember if you see all 7 moving, there is the possibility that you already missed the boat.
* The LTF is more key here as every move starts from the LTF
* If we are buying we want to see higher high M1 + M5 candles
* MADdash confirmation - we need to see the stronger currency at the top (top 2) and the weaker currency at the bottom (bottom 2)
* If I am buying and both are at the top, then there is no strength or momentum to the trade yet and will wait for the weak currency to move to the bottom where it belongs

Please see post 2398 where I walked through a trade that was building up until trade was taken.
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