{quote} I have found on my indicators file this TMA true one : TMA true with distances xxx (LWMA) Template : with -Triangular Ma Centered Bands Ribbon V3 Slope Color.{image} {file} {file}
Many thanks!
Stick to the plan!
Sohocool, as shown set at M1 . . . certainly a valid way to trade, but I was wondering if you see this as useful moving up TFs? I know you are very active on Alain's forum, waves and such, and the M1 TF seems to be the preferred option there. You would only trade short with the bands sloping down and only long when sloping up? Probably no CT down on M1. Thoughts . . . and thanks for the indicators! FS
I just use M1 graph to test the indicators, but you can use another time frame .
One possibility is to trade in the moving average slope color .
When you send a post i thing it 's better ;with a graph to well understand ,what you mean
KISS&V :Keep it simple safe & visual
- #15,744
- Edited 7:58pm Mar 8, 2020 6:56pm | Edited 7:58pm
- | Joined Aug 2009 | Status: Trader | 567 Posts
{quote} Hi Forest I just use M1 graph to test the indicators, but you can use another time frame . One possibility is to trade in the moving average slope color . When you send a post i thing it 's better ;with a graph to well understand ,what you mean
I have since checked on H1, which I like a lot. The idea seems to hold up quite well at that level across numerous pairs.
I will add charts in the future.
{quote} Please check Indicator + Template . Template , 2 indicators : -Triangular Ma Centered Bands Ribbon V3 Slope Color -TMA+Channel End Point (below) We can use TMA CENTRED RIBBON V3 to choose a good setting and TMA CENTRED END_POINT for trading .{image} {file} {file}
- #15,746
- Edited 11:15am Mar 10, 2020 10:41am | Edited 11:15am
{quote} How is the TMA used with price action?
With TMA Centerd End Point ,we can choose a narrow bands range ,and play the break out bands ,
good in trend mode.
KISS&V :Keep it simple safe & visual
- #15,747
- Mar 11, 2020 11:19am Mar 11, 2020 11:19am
{quote} I have found on my indicators file this TMA true one : TMA true with distances xxx (LWMA) Template : with -Triangular Ma Centered Bands Ribbon V3 Slope Color.
TmaTrue with Distancesxx is better?
Sohocool, thank you very much for sharing!
please tell me how to configure indicators for each pair? How to visually understand that the settings are correct or not?
preferred timeframe for analysis and decision making H1?
- #15,748
- Mar 11, 2020 3:38pm Mar 11, 2020 3:38pm
{quote} TmaTrue with Distancesxx. mq4 = #TMA+Channel_End_Point_V1.00.ex4 ? TmaTrue with Distancesxx is better? Sohocool, thank you very much for sharing! please tell me how to configure indicators for each pair? How to visually understand that the settings...
Yes same indicators tmatrue = triangular moving average centered end point = LWMA .
LWMA with ATR bands = KELTNER Channel (LWMA instead EMA ):
https://www.forexfactory.com/showthr...5#post12779155
TmaTrue with Distancesxx have automatic range of enveloppes ,can be usefull for some people.
You can choose timeframe and settings that you like ;it is not difficult .
KISS&V :Keep it simple safe & visual
- #15,751
- Edited 11:40am Mar 15, 2020 11:02am | Edited 11:40am
{quote} Hi Sohocool, I have that tried all formulation to get this template,but I did not get it, please help me out, or better still if you can upload the template to this thread.Thanks in advance
Please check this below template ,you must have 2 Keltner Channels indicators (other Thread):
#KELTNER CHANNEL V1
#KELTNER CHANNEL COLOR
KISS&V :Keep it simple safe & visual
{quote} Hi Oluwagbenga , Please check this below template ,you must have 2 Keltner Channels indicators (other Thread): #KELTNER CHANNEL V1 #KELTNER CHANNEL COLOR
- #15,753
- Mar 15, 2020 12:39pm Mar 15, 2020 12:39pm
{quote} I get it but it the default setting I am going to use or have to change it, I appreciate your quick response. Thanks {image}
You can choose your setting ,it's a personnal choice .
when you change pairs and timeframes, you must change setting to do good job.
KISS&V :Keep it simple safe & visual
- #15,754
- Mar 15, 2020 4:59pm Mar 15, 2020 4:59pm
- Joined Nov 2015 | Status: Trader | 2,525 Posts
{quote} Hi Oluwagbenga , Please check this below template ,you must have 2 Keltner Channels indicators (other Thread): #KELTNER CHANNEL V1 #KELTNER CHANNEL COLOR
Say I select 10 pc from high to enter short trade, then band is drawn. I select 1 pc from high to draw band for Stop Loss , and third band is drawn for Take profit at 30 pc of yesterday high low.
If u can give an input option of using PIPs distance instead of percentages , that also will be good.
Or tma midline be used as the criteria to draw three bands of varying distance
Practice makes a person perfect
- #15,755
- Edited Mar 14, 2022 4:23pm Mar 15, 2020 7:02pm | Edited Mar 14, 2022 4:23pm
- Joined Nov 2015 | Status: Trader | 2,525 Posts
Practice makes a person perfect
