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Custom con/di-vergence ... looking for programmer

  • #21
  • May 27, 2007 11:26pm May 27, 2007 11:26pm
Quoting ChesterB
wow , i'm amazed... what a beautiful looking and great indicator... the macd of 3 demas... it seems to be a successful trend-following/oscillating indicator
in a way that the normal macd could only dream of being....

this is excellent stuff guys... god bless... thanks.
Nice you find it usefull:-) you might post your charts if you dont mind... so we can see how you use this thing...

vit
  • #22
  • May 28, 2007 3:14am May 28, 2007 3:14am
Quoting elmer
Nice you find it usefull:-) you might post your charts if you dont mind... so we can see how you use this thing...

vit
This really is a beauty!
Let's post some charts this week everyone.


FXS
  • #23
  • May 28, 2007 3:27am May 28, 2007 3:27am
Hi Elmer, You brought up the brilliant idea to create this nice indicator. What was on your study and plan how to use this indicator? If you explain the basic need you had in mind for this indicator, that will help all of us to start make entry and exit definitions and test this method. Thanks.


Quoting elmer
Nice you find it usefull:-) you might post your charts if you dont mind... so we can see how you use this thing...

vit
  • #24
  • May 28, 2007 4:06am May 28, 2007 4:06am
Very nice indicators, thank you.

How do you trade convergence/divergence with them?
  • #25
  • Edited 5:49pm May 28, 2007 3:55pm | Edited 5:49pm
Thanks for the great indicator!
There is so much potential with it.
I have a feeling that this on is going to be
around for the long haul!
Can you check this chart against yours to
make sure it's right? I checked E/U H4 against
your post and the 3D-MACD didn't seem to match
the one on my chart.

Also: DEMA info for those (like me) who are new to it.

Overview

Developed by Patrick Mulloy and introduced in the February 1994 issue of Technical Analysis of Stocks & Commodities magazine, this trend indicator is an acronym standing for "Double Exponential Moving Average". DEMA was designed to lessen the lag of a regular exponential moving average. It is a composite of a single exponential MA and a double exponential MA that produces less lag than its two components individually; it is NOT a moving average of a moving average.



THANK YOU!

FXS
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  • #26
  • May 28, 2007 7:59pm May 28, 2007 7:59pm
  •  iya
  • | Joined Oct 2006 | Status: always protect yourself | 129 Posts
Quoting FXSurfer
Thanks for the great indicator!
There is so much potential with it.
I have a feeling that this on is going to be
around for the long haul!
Can you check this chart against yours to
make sure it's right? I checked E/U H4 against
your post and the 3D-MACD didn't seem to match
the one on my chart.

Also: DEMA info for those (like me) who are new to it.

Overview

Developed by Patrick Mulloy and introduced in the February 1994 issue of Technical Analysis of Stocks & Commodities magazine, this trend indicator is an acronym standing for "Double Exponential Moving Average". DEMA was designed to lessen the lag of a regular exponential moving average. It is a composite of a single exponential MA and a double exponential MA that produces less lag than its two components individually; it is NOT a moving average of a moving average.



THANK YOU!

FXS
Hi FXSurfer,
thanks for the DEMA overview. The idea and formula is similar to the Hull MA, but I don't know who was first.

I hope the indicator can be useful. You can even use it like two normal MACDs, by disabling the DEMA option. It basically shows trend strength and trend change for two timeframes, so maybe one can create a strategy around determining major and minor trend.

The differences in charts are most likely due to different brokers and their candle start- and end times. To see an example, open these charts from IBFX(GMT), Alpari(GMT+2) and FXDD(GMT+3) each in a tab and switch between them.
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  • #27
  • May 29, 2007 12:18am May 29, 2007 12:18am
Quoting MegaPips
Hi Elmer, You brought up the brilliant idea to create this nice indicator. What was on your study and plan how to use this indicator? If you explain the basic need you had in mind for this indicator, that will help all of us to start make entry and exit definitions and test this method. Thanks.
The idea to make this indicator came to me when reading some threads here.. form time to time, people suggest to use DEMA when MAs are used, though it looks like DEMA is not very popular so far. I know some people are using Demas in VyNNer 4H strategy, which is a major trend following strategy withe EMAs... Dema can give you re-entry pionts in that srategy... thats where the divergence of three DEMAs in the custom MACD can be used.

My chart is from Phill Nells 4H strategy.. that is using normal MACD (5-13-1) for finding the entry points... Im trying to use the DEMA-MACD (thats the ver 105 from IYA). When on the same settings as the Phill Nells MACD, it is pretty often faster on entry, but I think that the settings should be altered a bit to give more confidence. Anyway, it looks like when the DEMA-MACD crosses zero, it supports the signal from classical MACD and makes the signal stronger.


elm
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  • #28
  • May 29, 2007 12:42am May 29, 2007 12:42am
Quoting james_r
Very nice indicators, thank you.

How do you trade convergence/divergence with them?
Hi James R and All!
Select your timeframe and try out various settings that fit what
you're trying to achieve.
For me I would like to be able to trade a session (e.g. Asian,UK,US)
and exploit whatever it offers with a trade or two. Then go flat and
go to sleep or work, depending on the session.
To that end check out this setup using 200/62/13. The chart shows
E/U and U/J right now in the Asian session with an hour and a half until UK overlap. The setup identified breakout from opening range for both pairs on a sensitive M5 chart clear as a bell. Okay, it was a nice clear trend!
Anyway, the indicator can be setup to work FOR YOU depending on
what you're looking to do. Check it out! Get specific on what you want
to do with it and the developers and others are here to help.


FXS
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  • #29
  • Last Post: Dec 31, 2011 3:37am Dec 31, 2011 3:37am
can any one have a dema indicator with the current value display on chart.

or give me a code which can be add in dema indicator for display of current value.
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