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PlanetX Indicator - can this indi be used for trading?

  • #61
  • Mar 3, 2022 1:16am Mar 3, 2022 1:16am
Attached Image (click to enlarge)
Click to Enlarge Name: Planet Z.png Size: 53 KB

Planet Z shows very similar entries
  • #62
  • Mar 3, 2022 1:28am Mar 3, 2022 1:28am
I really like the combination of PlanetX with the XARDFX indicator shared by @YoungET. In the image below I've combined PlanetX with XARDFX and FxVolume. The reason I included FxVolume for confirmation is because it uses tick volume data and is one of the few indicators not based on MovingAverage. So, when FxVolume aligns with PlanetX there is a high probability that you've got the direction right. And, again, when trading H1 you only need to get a couple of bars right to earn a couple dozen Pips. For Entry setups I look for a transition in PlanetX where the blue/purple histogram bar is rising. And for Exits I'll close after a couple of bars or when the histogram appears to decline.

Attached Image (click to enlarge)
Click to Enlarge Name: PlanetX-example-08.png Size: 51 KB


Attached File(s)
File Type: ex4 Fx Volumes 1.57146.ex4   166 KB | 340 downloads
Attached File(s)
File Type: ex4 XU v6-XARDFX.ex4   83 KB | 355 downloads
Attached File(s)
File Type: tpl YoungET.tpl   121 KB | 296 downloads
  • #63
  • Mar 3, 2022 1:40am Mar 3, 2022 1:40am
Quoting BlackNapkins
{image} Planet Z shows very similar entries
BN -- I can't see what indicator that is.

As I've written previously, PlanetX is based on MovingAverage algebra like > 90% of indicators. The only thing that separates them from one another are their settings. If you fiddle with settings you can make almost any MovingAverage-based indicator look like another.

Under the hood there is nothing magical about PlanetX. However I coded with the following in mind:
(1) Direction
(2) Momentum
(3) Transition bar (between bullish / bearish)
(4) Settings that work for all pairs (on H1 and higher)
(5) Accurate signals, but not overly responsive (the goal being to avoid head-fakes)

And, again, I am swing trading. Not scalping, not trend-following. Swing trading...
  • #64
  • Mar 3, 2022 2:06am Mar 3, 2022 2:06am
You proved me several times in the past, how shallow thinker I am, which almost brought me to nervous breakdown… seriously… I hate be stupid …
My Planet Z indicator is a simple CCI with periods value of 9 on M15 GBPUSD chart…
I like your Planet X indicator, but I am afraid to implement into my trading not having original code.
Best Regards
  • #65
  • Mar 3, 2022 2:15am Mar 3, 2022 2:15am
Quoting BlackNapkins
You proved me several times in the past, how shallow thinker I am, which almost brought me to nervous breakdown… seriously… I hate be stupid … My Planet Z indicator is a simple CCI with periods value of 9 on M15 GBPUSD chart… I like your Planet X indicator, but I am afraid to implement into my trading not having original code. Best Regards
Hey BN -- you're not a shallow thinker. On the public forum I tend to exaggerate to shake things up and make people think -- and often at the risk that I'm wrong. But it makes for more interesting reading, which is what this is mostly about, right? The only truly shallow thinkers are the fellas who resist learning / trying something new and different. We are wired to keep learning -- we acquired that through evolution.

And I understand your hesitancy to trade it without source code -- I feel the same way. But that's because I'm a programmer by profession.

CCI is one of my favorites -- good choice...
  • #66
  • Mar 3, 2022 4:18am Mar 3, 2022 4:18am
Quoting Kallie
{quote} I'm not a horse - the statement was made by a previous person that it repaints (even just a bit) I'm telling you it does. I have watch it closely the whole day.
And it does this things:
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-03-03_131623.jpg Size: 83 KB
Above the original, below my iCustom reader in loop on IsNewBar().
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #67
  • Mar 3, 2022 6:54am Mar 3, 2022 6:54am
Quoting BestTraderEv
{quote} And it does this things: {image}Above the original, below my iCustom reader in loop on IsNewBar().
Exactly. When closed, the candle will remain the same forever. And so an indicator that does not redraw must behave.
Please excuse the bad English via Google Translate.
  • #68
  • Mar 3, 2022 8:13am Mar 3, 2022 8:13am
Quoting BestTraderEv
{quote} And it does this things: {image}Above the original, below my iCustom reader in loop on IsNewBar().
Quoting dokopy
{quote} Exactly. When closed, the candle will remain the same forever. And so an indicator that does not redraw must behave.

Dudes -- you guys realize that Strategy Tester is a simulator -- it uses historical OHLC data. It feeds the software under test (indicator or EA) one, whole OHLC bar at a time. In real-time trading MT4 feeds your indicator or EA one tick at a time. It ain't the same. Think about it...

Place the PlanetX indicator on an H1 chart and confirm for yourself that Bar[1] doesn't change as incoming ticks arrive.
  • #69
  • Edited 10:35am Mar 3, 2022 8:39am | Edited 10:35am
Quoting ohitsyou
{quote} {quote} Dudes -- you guys realize that Strategy Tester is a simulator -- it uses historical OHLC data. It feeds the software under test (indicator or EA) one, whole OHLC bar at a time. In real-time trading MT4 feeds your indicator or EA one tick at a time. It ain't the same. Think about it... Place the PlanetX indicator on an H1 chart and confirm for yourself that Bar[1] doesn't change as incoming ticks arrive.
I am not using strategy tester, I am looking at this live.
Bar[1] && Bar[2] often recalculate together with Bar[0], change height together, at the same ticks.


I got an idea! I combined this indicator with Awesome.mq4!
I made options:
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-03-03_173400.jpg Size: 28 KB
Here is what you need for this to work:
Attached File(s)
File Type: mq4 Awesome.mq4   3 KB | 312 downloads

Attached File(s)
File Type: ex4 OIY-PlanetX-Hist.ex4   42 KB | 311 downloads
Attached File(s)
File Type: ex4 PlanetAwesome-Oscilator-MTF.ex4   16 KB | 346 downloads

You must not change the names of any of these indicators, or this will not work!
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #70
  • Mar 3, 2022 9:42am Mar 3, 2022 9:42am
Quoting BestTraderEv
{quote} I am not using strategy tester, I am looking at this live. Bar[1] && Bar[2] often recalculate together with Bar[0], change height together, at the same ticks. I got an idea! I combined this indicator with Awesome.mq4! I made options: {image}Here is what you need for this to work: {file} {file} {file}You must not change the names of any of these indicators, or this will not work!
Okay -- I will check it out. Thanks...
  • #71
  • Mar 3, 2022 9:58am Mar 3, 2022 9:58am
Quoting ohitsyou
{quote} Okay -- I will check it out. Thanks...
I think it will be like so:
Volatility relatively small == change of Bar value relatively big == we can see it.
Volatility relatively big == change of Bar value relatively small == we can not see it.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #72
  • Mar 3, 2022 10:10am Mar 3, 2022 10:10am
Quoting BestTraderEv
{quote} I am not using strategy tester, I am looking at this live. Bar[1] && Bar[2] often recalculate together with Bar[0], change height together, at the same ticks. I got an idea! I combined this indicator with Awesome.mq4! I made options: {image}Here is what you need for this to work: {file} {file} {file}You must not change the names of any of these indicators, or this will not work!
Okay -- this is what I'm getting when I run the PlanetAwesome-Oscillator-MTF indicator. I can see there is a histogram, but the scaling is too small. I'm sure you're seeing something different. What am I doing wrong?

Attached Image (click to enlarge)
Click to Enlarge Name: PlanetX-plus-Awesome.png Size: 40 KB

Also, please explain to me how it is possible that only Bars [0], [1] and [2] recalculate together -- in pseudo code would be fine...

Thank you @BestTraderEv for digging into this issue -- let's see if you can live up to your alias...
  • #73
  • Mar 3, 2022 10:20am Mar 3, 2022 10:20am
Quoting ohitsyou
{quote} Okay -- this is what I'm getting when I run the PlanetAwesome-Oscillator-MTF indicator. I can see there is a histogram, but the scaling is too small. I'm sure you're seeing something different. What am I doing wrong?
I used parameters from your indicator:
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-03-03_191850.jpg Size: 26 KB
I see this:
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-03-03_192008.jpg Size: 99 KB
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #74
  • Mar 3, 2022 10:22am Mar 3, 2022 10:22am
Quoting ohitsyou
{quote} Also, please explain to me how it is possible that only Bars [0], [1] and [2] recalculate together -- in pseudo code would be fine...
I don't know, but if I catch it I can record video.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #75
  • Edited 10:42am Mar 3, 2022 10:31am | Edited 10:42am
OK, I got rid of indicator_minimum, indicator_maximum:
Attached File(s)
File Type: ex4 PlanetAwesome-Oscilator-MTF.ex4   15 KB | 344 downloads

Now it should work fine.
I changed the file in my first post too.
https://www.forexfactory.com/thread/post/13919446#post13919446
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #76
  • Mar 3, 2022 10:52am Mar 3, 2022 10:52am
Quoting BestTraderEv
OK, I got rid of indicator_minimum, indicator_maximum: {file} Now it should work fine. I changed the file in my first post too. https://www.forexfactory.com/thread/post/13919446#post13919446
I like the combination -- thanks. Below is a comparison...

Attached Image (click to enlarge)
Click to Enlarge Name: PlanetX-plus-Awesome-2.png Size: 29 KB


And I have a few questions...

1. You must be using iCustom to retrieve the buffer IDs. Why did you choose to leave out the transition markers?

2. How does PlanetAwesome-Osc fix the Bar[0], [1], [2] issue? Those bars don't change colors, do they? You're concerned that their heights change -- is that it?

3. And how is it that Bars [0], [1], [2] could change in unison -- I mean, code-wise?
  • #77
  • Mar 3, 2022 11:14am Mar 3, 2022 11:14am
Quoting BestTraderEv
Hello, I'm new to this thread. I think the indicator not work properly, look: I take image before go to bed: {image}Morning I have same image. I remove indicator from chart and put back and have this: {image} Two most recent arrows not good. There was more arrows on current bar before this. Maybe you preset each buffer to EMPTY_VALUE before calculate in loop? Maybe you not plot current buffer[0]? I make iCustom MTF: {file}
@BestTraderEv -- I just now read your earlier post. Yes -- the buffer array is set to EMPTY_VALUE with each iteration in the loop. I will check that. Just for the record, that is not "repainting". That is a charting issue.

I could eliminate Bar[0], but why? Everyone should know that Bar[0] recalculates. Plus, Bar[0] fluctuation provides an additional clue to an observant discretionary trader.
  • #78
  • Mar 3, 2022 11:17am Mar 3, 2022 11:17am
Quoting BestTraderEv
{quote} I think it will be like so: Volatility relatively small == change of Bar value relatively big == we can see it. Volatility relatively big == change of Bar value relatively small == we can not see it.
Yes -- @BestTraderEv I think that may be the explanation. You are a better programmer than me and your alias is justly earned...
  • #79
  • Mar 3, 2022 11:26am Mar 3, 2022 11:26am
Quoting BestTraderEv
OK, I got rid of indicator_minimum, indicator_maximum: {file} Now it should work fine. I changed the file in my first post too. https://www.forexfactory.com/thread/post/13919446#post13919446
Here is an updated version of PlanetX that no longer presets the dynamic buffer arrays to EMPTY_VALUE at the beginning of the loop. Please let me know if you think this version fixes the problem. And, if so, then I'll update the file in post #1.

@BestTraderEv -- again, thank you. I've learned a valuable lesson.

Attached File(s)
File Type: ex4 OIY-PlanetX-Hist.ex4   43 KB | 250 downloads


Also, if you don't object, I'm going to make another flavor of PlanetX that incorporates your idea of overlaying Awesome.
  • #80
  • Mar 3, 2022 11:38am Mar 3, 2022 11:38am
Quoting Kallie
{quote} I'm not a horse - the statement was made by a previous person that it repaints (even just a bit) I'm telling you it does. I have watch it closely the whole day.
@Kallie -- I didn't call you a horse and it wasn't directed at you alone. It's a common expression that in a few words (as opposed to composing a paragraph or two) communicated my frustration. I'm not a psychologist and I'm not going to waste time worrying about all the different ways how not to offend people -- that's a losing battle. I'll make a point -- sometimes right, sometimes wrong -- and then move on. Life is too short trying to play psychologist on a public forum...
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