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  • #4,101
  • Dec 8, 2020 6:03am Dec 8, 2020 6:03am
Quoting Loftboy
{quote} Do we really need a "tool" to help us see this?
No, you don't need it. I just posted because it was a request and some might find it useful.
If you find it useful, use it.
If you don't, don't.

Pretty simple.
  • #4,102
  • Dec 8, 2020 8:47am Dec 8, 2020 8:47am
Quoting Loftboy
{quote} Do we really need a "tool" to help us see this?
I asked for the indicator to be coded as I'm conscious that some people need a quick visual guide and/or would prefer a cleaner chart. This provides both as it effectively gives the option of removing the channels from the chart

As Barraka said, it's not a must-have item. Just something I thought might make life a bit simpler, especially for those new to the methodology.
  • #4,103
  • Dec 8, 2020 8:55am Dec 8, 2020 8:55am
Quoting saha007
with some expert advice, i decided to pay more attention to support/resistance/levels using a popular s/r indicator. Here is how it went today: Was this a bad entry? {image} just got caught to sl on nzdusd{image} same here on usdcad - hit the sl and went back{image} any experts comments on these two? {image} {image} and finally here is the one i got it right! But was too scared to let it run to adr {image} any comments highly appreciated!
send yours template , please
  • #4,104
  • Edited 10:42am Dec 8, 2020 9:40am | Edited 10:42am
Quoting LauraT
{quote} I asked for the indicator to be coded as I'm conscious that some people need a quick visual guide and/or would prefer a cleaner chart. This provides both as it effectively gives the option of removing the channels from the chart As Barraka said, it's not a must-have item. Just something I thought might make life a bit simpler, especially for those new to the methodology.
Where can I learn what your teaching.. I am using something similar but its missing something..

Edit

Sorry about that I came from https://www.forexfactory.com/thread/994835-software-tools-for-laurats-roadmap
I know I am in the right place
  • #4,105
  • Dec 8, 2020 12:45pm Dec 8, 2020 12:45pm
Quoting indalico
Hello everyone, this is my small contribution in case someone finds it useful. I have merged the trend band with the RSI strenght into a single indicator, simplified the code and added the option to refresh only on bar close to optimize MT4 resources. You have to play with the colors of the button border color and the button back color, if you put both with the same color as your chart background it will look similar to the strenght dashboard. {file} {image}

Hi Laura and Everyone!
I want to thank Laura and everyone for the great educational posts on this thread. Has definitely helped me greatly with my trading.

I have a small ask for RoadMap Trend Band indicator if possible. This is of course if Laura doesn't mind, since she is the starter of the thread and I would not want to impose any of my tweaks on the methodology! Can an extra row of these lights be added that show the direction of the MAs (green for up and red for down).

Looking before I enter a trade at the direction of the relevant 2-3 SMAs to the timeframe I am trading has slightly increased my hit rate when I did my back test and forward test, so a visual indicator of that can help greatly with timing, especially if scalping!

Again thanks to everyone for the great insights; one of the best threads on this forums!!
  • #4,106
  • Dec 8, 2020 2:24pm Dec 8, 2020 2:24pm
Quoting q_import
{quote} Where can I learn what your teaching.. I am using something similar but its missing something.. Edit Sorry about that I came from https://www.forexfactory.com/thread/994835-software-tools-for-laurats-roadmap I know I am in the right place
Hi,

The methodology is set out across this thread but I appreciate it has become quite lengthy. A quicker overview might be possible by reading my journal (link in first post). If you have specific questions, I'm happy to answer them.
  • #4,107
  • Dec 8, 2020 2:34pm Dec 8, 2020 2:34pm
Attached File(s)
File Type: ex4 RoadMap Trend Band_Slow.ex4   18 KB | 659 downloads
Attached File(s)
File Type: ex4 RoadMap Trend Band_Fast.ex4   18 KB | 600 downloads

Those of us who trade futures, indices and/or CFDs on the M01 timeframe use the faster version of the RSI Composite. The “fast” RSI Composite is an average of the RSI 2 and RSI 9 for the periods M15 & M60. Those who trade futures, indices, CFDs or FOREX on the M05 (or higher) timeframes should use the “slow” version of the RSI Composite which is based on the average of the RSI 2 and RSI 9 for the periods H04, D01 & W01.

The problem is the display on the chart is the same. That is, there's no way to know whether you have the “fast” or “slow” RSI Composite indicator by just looking at your chart. Until now. I modified the code to add either “fast” or “slow” to the RSI Composite display so there's no confusion.

I made no other changes to the code. You still have the ability to select the window in which you want the indicator to appear. If you want the indicator to appear in the main (chart) window, select window 0 on the input page.
Attached Image (click to enlarge)
Click to Enlarge Name: InkedSnip M05 and M01_LI.jpg Size: 340 KB
  • #4,108
  • Dec 9, 2020 2:45am Dec 9, 2020 2:45am
Quoting Barraka
As per Laura's request, I coded a tool that helps visualize when the 8-Channel is above / below 55-Channel. The indicator is the window below the chart, and obviously when it turns green, it means the 8 is above 55, and red is when it's below. ~~
Thanks. Would you consider a 3rd colour for when there is no above / below signal? I don't necessarily notice when a newly closed bar does not still have corresponding bar in your indi.
Good Trading
  • #4,109
  • Dec 9, 2020 3:13am Dec 9, 2020 3:13am
Be careful your chart don't end up looking like an abstract painting rather than a price led chart.
Attached Image
every Saint has a past. Every Sinner has a Future
  • #4,110
  • Dec 9, 2020 3:54am Dec 9, 2020 3:54am
Quoting turnip15
Be careful your chart don't end up looking like an abstract painting rather than a price led chart. {image}
Exactly. One of the main attractions with Laura's method is it's simplicity. It would be a shame to see it end up looking like a map of the London Underground.
All you touch and all you see, is all your life will ever be.
  • #4,111
  • Dec 9, 2020 8:12am Dec 9, 2020 8:12am
USDCAD short. Is this a valid entry?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 61 KB
  • #4,112
  • Dec 9, 2020 9:22am Dec 9, 2020 9:22am
Quoting LauraT
{quote} Hi, The methodology is set out across this thread but I appreciate it has become quite lengthy. A quicker overview might be possible by reading my journal (link in first post). If you have specific questions, I'm happy to answer them.
I read bits and pieces of the journal. I will be giving it my full attention.. Thank you also for being here if I need any assistance understanding the methods that has been layout as a roadmap .
  • #4,113
  • Dec 9, 2020 1:43pm Dec 9, 2020 1:43pm
Quoting xiqat
USDCAD short. Is this a valid entry? {image}
I think it is too far from MA200. and the trend is old. when it didn't make lower low after you enter, you need to be careful.
  • #4,114
  • Dec 9, 2020 6:27pm Dec 9, 2020 6:27pm
Quoting Loftboy
{quote} Exactly. One of the main attractions with Laura's method is it's simplicity. It would be a shame to see it end up looking like a map of the London Underground.
I'm not seeing how taking 2 squiggly lines off the PA, ie the 55 ema channel, would achieve what you and turnip15 are suggesting.

Barraka's indi is in a separate window well off the PA, which can be resized as small as you like. My request does not take up any additional space.
To each his own, but I appreciate Barraka's efforts. I am hoping he has not been deterred from replying.
Good Trading
  • #4,115
  • Dec 9, 2020 9:25pm Dec 9, 2020 9:25pm
EURAUD (Demo) Trade

Reasons for entry

  1. Price went below SMA and Daily Open line
  2. Channel below SMA
  3. RSI and MTF dashboard in agreement
  4. T/L break
  5. Price structure in agreement

Attached Image (click to enlarge)
Click to Enlarge Name: bf8f3eece119aecfcab59df12c3a49d9.png Size: 623 KB
  • #4,116
  • Dec 9, 2020 9:37pm Dec 9, 2020 9:37pm
Quoting Barraka
As per Laura's request, I coded a tool that helps visualize when the 8-Channel is above / below 55-Channel. The indicator is the window below the chart, and obviously when it turns green, it means the 8 is above 55, and red is when it's below. There is an option "baselineFilter", which when true (default) only shows green when it happens above 200 SMA, and red when it happens below. And "Alert" (by default off) if you want to be alerted when a change of colour takes place. {image} {file}
Hello Dear Barraka,

YOU HAVE DONE GREAT JOB FOR ME and MANY OF TRADERS, by developing this tool!

Thxxxxxxxxxxxxx

Pls do not worry about silly question from some types of people.
When I use my simple common sense, I know the value of your contribution
Keep it up pls dont stop your good thing due to ........................
Cheer
Imdi
  • #4,117
  • Edited 4:45am Dec 10, 2020 4:15am | Edited 4:45am
Quoting aud
{quote} I'm not seeing how taking 2 squiggly lines off the PA, ie the 55 ema channel, would achieve what you and turnip15 are suggesting. Barraka's indi is in a separate window well off the PA, which can be resized as small as you like. My request does not take up any additional space. To each his own, but I appreciate Barraka's efforts. I am hoping he has not been deterred from replying.
Do what suits you. No one is forcing you to do anything or not to do anything. Results are what matter.
I am sure Barraka will not be deterred from discussing anything or replying. I believe barracka and anyone else are intelligent enough to recognise discussion usually has for and against points. So don't get upset if people disagree with you or others, it's the nature of discussion. I believe less is more whereas you clearly don't. But that's all right since that is the nature of discussion.
every Saint has a past. Every Sinner has a Future
  • #4,118
  • Edited 4:45am Dec 10, 2020 4:18am | Edited 4:45am
Quoting imdisaait
{quote} Hello Dear Barraka, YOU HAVE DONE GREAT JOB FOR ME and MANY OF TRADERS, by developing this tool! Thxxxxxxxxxxxxx Pls do not worry about silly question from some types of people. When I use my simple common sense, I know the value of your contribution Keep it up pls dont stop your good thing due to ........................ Cheer Imdi
Imdi that is not the way to respond to discussion. Questions are not "SILLY." See my reply above.
Now let's get back to following and discussing Laura's approach and put aside pride and ego when people don't agree with any point under discussion.


Ps. Lots of RED news today - be careful
every Saint has a past. Every Sinner has a Future
  • #4,119
  • Dec 10, 2020 4:31pm Dec 10, 2020 4:31pm
Quoting turnip15
{quote} Imdi that is not the way to respond to discussion. Questions are not "SILLY." See my reply above. Now let's get back to following and discussing Laura's approach and put aside pride and ego when people don't agree with any point under discussion. Ps. Lots of RED news today - be careful
It was not meant for you or any of your post turnip15!

(*** I noticed like, some one asked a question from Barraka with a negative impression without appreciating his contribution of generating an indicator, which is like his indicator is not necessary like..., that all, i wanted to make Barraka conformable, nothing else)
Cheers
Green pips
  • #4,120
  • Dec 10, 2020 5:57pm Dec 10, 2020 5:57pm
Quoting imdisaait
{quote} It was not meant for you or any of your post turnip15! (*** I noticed like, some one asked a question from Barraka with a negative impression without appreciating his contribution of generating an indicator, which is like his indicator is not necessary like..., that all, i wanted to make Barraka conformable, nothing else) Cheers Green pips
Like, keep it like simple, like.
All you touch and all you see, is all your life will ever be.
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