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PlanetX Indicator - can this indi be used for trading?

  • #321
  • Mar 9, 2022 3:04am Mar 9, 2022 3:04am
Quoting Mr.Sabah
Very good for Scalping. {image} {image} {image}
I like your charts. It looks like PlanetX may occasionally get you into or out of a trade a bar earlier...
  • #322
  • Edited 3:22am Mar 9, 2022 3:11am | Edited 3:22am
Quoting ohitsyou
{quote} Nice... Are those horizontal white lines the ADR (or equivalent)? How / where -- on your chart -- did you guesstimate SL and TP?
First thing I do look at ADR as an intraday trader. That's why I have this white table with last week and this week DR's. This gives me the overall picture of the current performance of my favorite instrument. Second thing I know where in time I am, I mean sessions openings, specifically. I used to have session boxes, or at times just v-lines, but now it's too much on one chart, so I figured I just know. This trade was taken just before the opening of Frankfurt, which is an important time when a good move can happen. The move happened just after Frankfurt opening. It is based on thousands of hours of observation of this market.
Then I take a look at this part (of course I look back left, too):
Attached Image (click to enlarge)
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I look at the minicharts, too.
Now, if the move will be up, I need to put SL just at the low of the current bottom where I enter.
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-03-09_120717.jpg Size: 60 KB

The red SOLID h-line is the SL line.
The yellow DASH_DOT line is the TP at 1.618 Reward.
The blue SOLID line where my entry was is the optimal entry price - I got it with Buy Limit.

That's all I can do - the rest is up to the market.

In this case your oscillator did not show anything, just markers, but the OnChart signal together with my tweak were good for Buy.
The red h-line is the SL line.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #323
  • Mar 9, 2022 3:18am Mar 9, 2022 3:18am
Though, if I were only more patient and just followed the oscilator and my OnChart tweak, I would have made a lot more...
Attached Image (click to enlarge)
Click to Enlarge Name: [DAX40]M15.jpg Size: 496 KB
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #324
  • Mar 9, 2022 3:20am Mar 9, 2022 3:20am
Quoting BestTraderEv
{quote} First thing I do look at ADR as an intraday trader. That's why I have this white table with last week and this week DR's. This gives me the overall picture of the current performance of my favorite instrument. Second thing I know where in time I am, I mean sessions openings, specifically. I used to have session boxes, or at times just v-lines, but now it's too much on one chart, so I figured I just know. This trade was taken just before the opening of Frankfurt, which is an important time when a good move can happen. The move happened just...
Excellent -- that helps a lot. Thank you...
  • #325
  • Mar 9, 2022 3:22am Mar 9, 2022 3:22am
Quoting BestTraderEv
Though, if I were only more patient a just followed the oscilator and my OnChart tweak, I would have made a lot more... {image}
Ahhh, patience... You didn't include "patience" in your psychology list...
  • #326
  • Mar 9, 2022 3:56am Mar 9, 2022 3:56am
Quoting ohitsyou
{quote} Ahhh, patience... You didn't include "patience" in your psychology list...
I didn't.
Who makes the most money trading these markets?
Answer - HFT's - those guys have zero patience - they are making money, not waiting for it to make itself.

Same with any other buy-sell type of business. The guys who are making money are those who resell quickly aiming for profit, not the best price they could get.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #327
  • Edited 8:10am Mar 9, 2022 4:31am | Edited 8:10am
UPDATE!

In PlanetAwesome-Oscilator-MTF-v3.0.ex4 there are some input parameters which in fact don't serve any good purpose:
1. The inputs "Period", "Bands Mutiplier", and "Momentum period" have no effect, because OIY-PlanetX-Hist does not provide access to these parameters.
2. The MTF function basically works, however it is rather useless because OIY-PlanetX-Hist hard limits the number of candles, and thus we can not get the required data to calculate the oscillator from a higher timeframe.

I have decided to let PlanetAwesome-Oscilator-MTF-v3.0.ex4 stay in the form it is now, and to make another version which works simply on the current timeframe.
Here is the new version:

Attached File(s)
File Type: ex4 PlanetAwesome-Oscilator-v4.0.ex4   19 KB | 331 downloads


I also hope that this might improve the performance of the indicator, but I haven't had the time to check that.
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #328
  • Mar 9, 2022 10:15am Mar 9, 2022 10:15am
Hey BestTraderEV,
Thanks for the indi'! It is an improvement.
I was wondering if you could add arrows for when the Oscilator crosses the zero line?
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  • #329
  • Mar 9, 2022 10:52am Mar 9, 2022 10:52am
Here is a picture of your default settings at the bottom and my revisions on top.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 32 KB
  • #330
  • Mar 9, 2022 12:44pm Mar 9, 2022 12:44pm
Quoting Mr.Sabah
Very good for Scalping. {image} {image} {image}
Looks good. What do you use to filter?
Just an opinion. Based on research
  • #331
  • Mar 9, 2022 1:55pm Mar 9, 2022 1:55pm
Quoting cdk1212
Here is a picture of your default settings at the bottom and my revisions on top. {image}
This is stupid -- show the entire chart. Why trim it to remove the details necessary to reproduce the problem? And if you made revisions in the upper chart then why not show those.

I suggest that @BestTraderEv NOT help you until you grasp the concept of when you ask for help then try helping the other person to help you...
  • #332
  • Mar 9, 2022 2:11pm Mar 9, 2022 2:11pm
Quoting cdk1212
Here is a picture of your default settings at the bottom and my revisions on top. {image}
Working fine, here, don't know what you're doing wrong???

Attached Image (click to enlarge)
Click to Enlarge Name: 2022-03-09_230957.jpg Size: 133 KB

My revisions:

Attached Image (click to enlarge)
Click to Enlarge Name: 2022-03-09_231540.jpg Size: 81 KB
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #333
  • Mar 9, 2022 2:22pm Mar 9, 2022 2:22pm
Quoting BestTraderEv
{quote} Working fine, here, don't know what you're doing wrong??? {image} My revisions: {image}
@BestTraderEv -- how could you possibly know what he's doing. He's keeping it a secret but still wants you to figure out for him what the problem is. He doesn't even show the entire chart so there is no way to reproduce it. I don't understand -- did he trim the chart to save on electrons traveling over the Internet?
  • #334
  • Mar 9, 2022 2:46pm Mar 9, 2022 2:46pm
Quoting ohitsyou
{quote} @BestTraderEv -- how could you possibly know what he's doing. He's keeping it a secret but still wants you to figure out for him what the problem is. He doesn't even show the entire chart so there is no way to reproduce it. I don't understand -- did he trim the chart to save on electrons traveling over the Internet?

Probably messed up with colors, while he has all the options in the inputs...
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #335
  • Edited 3:21pm Mar 9, 2022 2:55pm | Edited 3:21pm
I've created new 'Hist' and 'OnChart' versions, which differ from the previous version in the following ways:

1. In the 'Hist' version I've removed the Momentum indicator (yellow line).
2. In both 'Hist' and 'OnChart' I fixed the charting bug -- the same one that was revealed when attaching the indicator to a Renko chart

I've also refreshed post #1 to include the latest software, including the indicators created by @BestTraderEv...

Attached File(s)
File Type: ex4 OIY-PlanetX-Hist-v8.0.ex4   26 KB | 339 downloads

Attached File(s)
File Type: ex4 OIY-PlanetX-OnChart.ex4   19 KB | 312 downloads
  • #336
  • Mar 9, 2022 3:13pm Mar 9, 2022 3:13pm
Quoting ohitsyou
I've created new 'Hist' and 'OnChart' versions, which differ from the previous version in the following ways: 1. In the 'Hist' version I've removed the Momentum indicator (yellow line). 2. In both 'Hist' and 'OnChart' I fixed the charting bug -- the same one that was revealed when attaching the indicator to a Renko chart I've also refreshed post #1 to include the latest software, including the indicators created by @BestTraderEv... {file}{file}
Hmmm, thanks for mq4, but it won't work without the mqh files........
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #337
  • Mar 9, 2022 3:22pm Mar 9, 2022 3:22pm
Quoting BestTraderEv
{quote} Hmmm, thanks for mq4, but it won't work without the mqh files........
I was just checking whether you were paying attention...
  • #338
  • Mar 9, 2022 3:26pm Mar 9, 2022 3:26pm
Quoting ohitsyou
{quote} I was just checking whether you were paying attention...


Strange thing, I am getting the OnChart as normal on standard tf's, but nothing on Renko. I checked your indicator directly - nothing.
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-03-10_003051.jpg Size: 14 KB
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
  • #339
  • Mar 9, 2022 3:30pm Mar 9, 2022 3:30pm
Another one of my favorite indicators is @mladen's Trix indicator. It compliments PlanetX well. I pay attention to the slope or angle of the Trix line -- the steeper the line then the more confident I am of the PlanetX Alert marker. A "rule-of-thumb" is 2:00 PM for Bullish trend and 4:00 PM for bearish trend, approximately. I learned that from @BigE and @emmanual7788 in the TMS thread. I also pay attention to whether Trix touches or crosses the '0' line.

Attached Image (click to enlarge)
Click to Enlarge Name: PlanetX-plus-Trix.png Size: 42 KB

Attached File(s)
File Type: ex4 OIY-TrixIndi.ex4   69 KB | 327 downloads
  • #340
  • Mar 9, 2022 3:43pm Mar 9, 2022 3:43pm
Quoting ohitsyou
Another one of my favorite indicators is @mladen's Trix indicator. It compliments PlanetX well. I pay attention to the slope or angle of the Trix line -- the steeper the line then the more confident I am of the PlanetX Alert marker. A "rule-of-thumb" is 2:00 PM for Bullish trend and 4:00 PM for bearish trend, approximately. I learned that from @BigE and @emmanual7788 in the TMS thread. I also pay attention to whether Trix touches or crosses the '0' line. {image} {file}
Did you read my previous post after refreshing?
Renko:
Attached Image (click to enlarge)
Click to Enlarge Name: 2022-03-10_003051.jpg Size: 14 KB
.ex4/.ex5 files can't be fixed or modified / I'm not a coder!
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