Comprehensive Technical Analysis expert Mahal

latest test version:
M1, M2 corrected, enhanced.

for my mates,
what is the best indicator among what we include yet.

my choice: F-1, A1, A3, M2, M4, ENV-2

new test version post #401
M1, M2 enhanced and corrected
0

and for M3, M4, Just click on any pair ordinal then click on any of 8 columns time bar, to set/change math pair
three values under math pair area are only low, close, high of math pairs (not related to dollaric pairs) 9

M1, M2, M3 and M4 are intended for swing chances in the shortest time

Now working on . . . . . NEWS TRACK

also to be checked for F1 indicator

yes, today is national teams' turn.

Now do not care for any broker week mismatches,
Week linked to H4
Day linked to H1
Month linked to DAY

f

Dear Al-Otaibi,
How do we have this value? How do you calculate the index value?

When time frame was chosen, was it equal to the normal period?

first of all look at the shape, not at the value
value on your PC must be different from my value on my PC. since your PC has less pixels,
your PC according to your picture check for the last 121 bars. look at 121 on your picture.
while my PC check and draw for the last 171 bars. (my PC screen is wider)

and of course calculation is based on only-equation for index,
for example for EURUSD = ( EURGBP*EURAUD* .......*EURJPY(Normalized) )^(1/7)
then minus 1
then multiply by 10000

I1 orange, convert pips to price, since 1.0000 is the ref price since 85 days ago for all pairs. (in my PC case)

but we both have the same wave shape.

by the way no need to check this part I1

post #408 s not clear?
you can change frame to see the frame on the corner will change accordingly. (passive element)

and F1 is totally independent of the current frame.

regarding D1 is linked to H1, please understand our definition of the DAY.

our definition of the day: DAY is the last 24 hours, not the last Thursday

for example now is 18:00, then day on F1 is the candle drawn from 18:00 yesterday to 18:00 now.
that mean day candle is redrawn each hour.(Updated each new hour)

for all thread visitors, if you are interested, I hope to subscribe share us discussion/construction/suggestion about comprehensive technical analysis expert, on this thread:
it includes:
Compound frames
currencies index/Price-Profile/
extreme case
MACD-RSI-SAR-ENVELOPE-AO
Volatilities measurement
PAIRS/SYMOLS comparison
new pair candles creation
Support/Resistance/Trends/Fibos
etc..
You participate better, you are treated differently

pairs selection for Ms has been added to csv file
g

any simpler/smart design to include many pairs under PriceProfile?

phu/zreboo?
we have to utilize screen space for this indicator to include at least 4 pairs?

9

I think 4 forex pairs is good enough for price profile. The intention is to make maximum use of margin to generate more trades continously.

The one with a low volatility range will be fit candidates like CHF, gold, Euro.

You can use your scanner or use my Spreadsheet to generate statistics on finding the low volatility symbols.

For 5 years I have traded using an EA which took a set amount of bars (threshold defined by me) and checks whether or not the difference between the highest or lowest points is bigger than the pip threshold (defined by me). Logically, if the high point was further back in time than the low point, then it was considered a negative candle. I used to make a count of negative and positive bars, assigning each currency in the pair same index value 1+ or 1- .
It worked well but Indices, because of its high ADR volatility of 2% attracted me and I gave up forex trading in favour of equity indices.

Price profile works very well when hippo-like price jumps (may look like not tradable to a naked eye) happen in a narrow range of 30 pips.
My profit target is always not less than 10 pips so that I can always cover 2 pips trading cost. Spread don't matter for limit orders. Any discounted regulated futures broker (not cfd) will charge a brokerage fee of not more than 1 pip so total cost of trading is 2 pips.

CFD brokers using futures as a derivative charge spreads to cover their commission because they are not exchange brokers. They are just using the price feed of the exchange and some of them even don't charge swaps fee. Futures have no swap cost so in order to mislead the retailers they claim they are future brokers.

Some of them are genuinely using exchange price feed for their indices CFD and if a retailer can accept their high commission rates of 6 pips (return) and do position trades, then those traders will be at a better position than those who don't use the futures price feed for CFD and make up to 20 pips commission by inflating them during the trading breaks as well as during the actual trading.

Equity indices I can suggest is DAX40, S&P500 from my own experience.
Price profile works well only if the price crosses a TP by at least 5 points to 9 points in a grid distance of 10 pips.

Example: For a 40 pips range of 10 pips distance of increment for a pullback and with a TP of 8 pips profit, if the price profile is activated then trading will keep continuing. If the price profile is not used, then there will be one trade only for each pending order. The major risk for the price profile is that the price should not revisit (price crossing) for less than trading costs of 2 pips. It will be be profitable if revisits result in dips of (for Buy Limit) 4,5,6,7,8 or 9 pips when the increment distance is 10 pips..

Attached is the picture of my strategy and screenshots of trades I have done for DAX40 micro FDS @Euro 1 for yesterday.

working on fostering str reliability
working on automatic defaults csv file update. "aTechnical.csv"