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Golden-Cross Trading-Idea

  • #41
  • Edited 6:19am Mar 2, 2023 2:09am | Edited 6:19am
Quoting SwingMan
New version "smGoldenCross Signals_v3.0" (I'm sorry, but I made a big mistake, and I calculated signals for the lower time frame as well, and that only works for the upper time frame!) Short remarks: - In the current chart, the background is drawn according to the trend in the upper time frame. - The value of the close forecasting is written on the last bar, so that it is easier to place an order. I think now it's easy to see that trading towards the UpperTrend is favorable! I can already see some problems in the charts... If anyone tests the indicator...
Hi... Sorry, why on my chart I see this?
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  • #42
  • Mar 2, 2023 4:15am Mar 2, 2023 4:15am
New version "smGoldenCross Signals_v3.1"

- One can set the background colors.

There are some problems on the right edge, e.g. the signals are still wrong and the background color is not correct.
The corrections will come in the near future.
Attached File(s)
File Type: ex4 smGoldenCross Signals_v3.1.ex4   39 KB | 667 downloads
  • #43
  • Mar 2, 2023 4:46am Mar 2, 2023 4:46am
Thank you so much for your time invested and sharing this system with us! I've always thought about a system that can summarize indicators in terms of trend and orient to higher timeframes while finding the appropriate entries on a lower one. Additionally the chart is clear and not cluttered. For me personally, this is pretty much the best system on Forex Factory.
  • #44
  • Mar 2, 2023 7:14am Mar 2, 2023 7:14am
Quoting veter
... why on my chart I see this?
You should always try to find an explanation yourself, make a description, and then explain to the programmer what he did wrong...

I corrected some errors in version 3.1 and there are still some left. I can only determine that with live prices, today and tomorrow when I have time.
Also now there are errors on the right edge where the buy/sell signals are wrong and the background is incorrect.
A quick reset of the chart helps, e.g. a change of time frames.
  • #45
  • Mar 2, 2023 9:01am Mar 2, 2023 9:01am
Quoting hesron
{image}
Are you testing this method on Renko charts?
  • #46
  • Mar 2, 2023 9:29am Mar 2, 2023 9:29am
Quoting SwingMan
New version "smGoldenCross Signals_v3.1" - One can set the background colors. There are some problems on the right edge, e.g. the signals are still wrong and the background color is not correct. The corrections will come in the near future. {file}
Wnen I try and compile "smGoldenCross Signals_v3.1" I get 3 errors and the indicator will not load. What am I doing wrong?
  • #47
  • Mar 2, 2023 10:43am Mar 2, 2023 10:43am
Quoting ct1942
When I try and compile "smGoldenCross Signals_v3.1" I get 3 errors and the indicator will not load. What am I doing wrong?
A program ".ex4" like "Signals_v3.1" cannot be compiled, only ".mq4" files.
  • #48
  • Mar 2, 2023 11:11am Mar 2, 2023 11:11am
Quoting SwingMan
{quote} A program ".ex4" like "Signals_v3.1" cannot be compiled, only ".mq4" files.
Thanks for quick response......When I loaded indicator without compiling, it did load. But I was not able to attach to the chart.
  • #49
  • Mar 2, 2023 2:35pm Mar 2, 2023 2:35pm
Hi SM, I'm using v 3.1 but my panel is empty.

Show info panel is true.

Thanks
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  • #50
  • Mar 2, 2023 3:54pm Mar 2, 2023 3:54pm
Quoting Alberto_Jazz
Hi SM, I'm using v 3.1 but my panel is empty. Show info panel is true. Thanks
Always write the pair and the timeframe, otherwise I can't test!

I saw that and the solution was to set a maximum number of bars (version 3.2).
There is a problem with the bar number calculation in the UpperTimeframe.
  • #51
  • Mar 2, 2023 4:05pm Mar 2, 2023 4:05pm
New version "smGoldenCross Signals_v3.2"

I think I corrected the background color.

Now there are still a few problems with the display.
Attached File(s)
File Type: ex4 smGoldenCross Signals_v3.2.ex4   41 KB | 634 downloads
  • #52
  • Mar 3, 2023 1:22am Mar 3, 2023 1:22am
Quoting Alberto_Jazz
Hi SM, I'm using v 3.1 but my panel is empty. Show info panel is true. Thanks {image}
Just change your Mt4 background to white and re attache the indicator
  • #53
  • Edited 2:30am Mar 3, 2023 1:23am | Edited 2:30am
MTF golden cross will be helpful to avoid looking at 3 time frames,if the line is drawn from higher time frame shown to lower time frame and the future forecasting can also draw line until broken ,then entry would be better,thanks
  • #54
  • Mar 3, 2023 1:46am Mar 3, 2023 1:46am
Quoting T4Trade
MTF golden cross will be helpful to avoid looking at 3 time frames,if the lineis drawn from higher time frame shown to lower time frame ,then entry would be better,thanks
I didn't understand what you mean. Give an example.
  • #55
  • Mar 3, 2023 2:21am Mar 3, 2023 2:21am
Quoting SwingMan
{quote} You should always try to find an explanation yourself, make a description, and then explain to the programmer what he did wrong... I corrected some errors in version 3.1 and there are still some left. I can only determine that with live prices, today and tomorrow when I have time. Also now there are errors on the right edge where the buy/sell signals are wrong and the background is incorrect. A quick reset of the chart helps, e.g. a change of time frames.
Sorry, sir. No offence, please. This is my poor English, I didn't want to offend you at all. Regards
  • #56
  • Mar 3, 2023 2:29am Mar 3, 2023 2:29am
Quoting SwingMan
{quote} I didn't understand what you mean. Give an example.
This guy mean, that MTF indicator could be good and the background will show the higher timeframe, so we will have on just one timeframe both signals. I've been thinking of this option as well, but to my mind the current concept is better then MTF. IMHO
  • #57
  • Mar 3, 2023 2:48am Mar 3, 2023 2:48am
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  • #58
  • Mar 3, 2023 3:40am Mar 3, 2023 3:40am
It can be valuable strategy if you are able to match good MM to this system.
  • #59
  • Mar 3, 2023 4:21am Mar 3, 2023 4:21am
Quoting Ican2020
{quote} Just change your Mt4 background to white and re attache the indicator
I'm trying on EURUSD H1 with 3.2 but the panel doesn't work.

I'm also trying to change the maximum bars.
  • #60
  • Mar 3, 2023 5:10am Mar 3, 2023 5:10am
Hello friends and SwingMan sir,

As you are using crossing of two LWMAs (Linear Weighted MA) calculated with period 5 for Open and Close, we are very well aware of the fact that market is ranging more to trap the retail traders than going onto trend direction, so in my opinion if you can make the option of selecting the 3 time frames in the indicator and the indicator would draw a horizontal line on the highest time frame selected in the setting.so if we are in smaller time frame,we know that higher time frame cross is intact and another horizontal line is drawn on current time frame price label until it is broken.
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