TMA ATR channel cross | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Indicator name help - ATR HalfLength Channel Bands 6 replies

Billy & Jim TMA & Channel & Life Health & Wealth 1,084 replies

Help to modify "ATR Channel Indicator" into its MTF version 5 replies

Correct number of weeks for ATR and hour ATR 1 reply

TMA Cross indicator development! Help needed! 0 replies

Attachments: TMA ATR channel cross
Exit Attachments

TMA ATR channel cross

  • #1
  • First Post: Edited Aug 16, 2023 6:59pm Aug 8, 2023 9:17pm | Edited Aug 16, 2023 6:59pm
Hi all,
Edit to update latest info and compile all latest indicators (17 August 2023)

I open this thread to get feedback (more discussion) Recently i have using TMA ATR Channel indicator and after so many testing/setup i found 1 setup which can give an early signal for entry. I only use this setup for M15 timeframe.

PART 1
Rules
1. Timeframe= m15
2. Early signal when lines intersection or lines touch each other between 2 TMA ATR Channel line occurs
3. If Downtrend- Look at the bottom intersection for BUY Early Signal (Price must touch or near bottom line)
3. If Uptrend- Look at the upper intersection for SELL Early Signal (Price must touch or near upper line)
4. The intersection is not a point of entry but to give hint a trend will be over soon ( new low or new high will form)

Indicator setting
1. TMA ATR Channel no 1= Timeframe= 15, TMA Period=10. ATR Period=25. The rest is default. For color properties only use line 7 and 8 (others choose none)
2. TMA ATR Channel no 2= Timeframe= 30 minutes, TMA Period=30. ATR Period=25. The rest is default. For color properties only use line 7 and 8 (others choose none)

PART 2
Filter RSI ( Entry and ReEntry )
1st RSI=150- Long trend
2nd RSI=50- Medium trend
3rd RSI=25 - this setting to identify reentry point after intersection occurs
Reentry= Follow The Trend
Issue: Before reach Reversal point there will be little bit confusing in identify whether it is a REVERSAL or RETRACE (refer below pic)

Note:
Credit to BlueRain for his awesome indicator namely BR Double TMA Cross Zone Status Scanner in monitoring 24 pairs including metal
i cannot upload the file anymore (reach maximum).
This indicator is here: https://www.forexfactory.com/thread/...2#post14532182


Pls refer picture for more understanding

Hopefully there will be more traders give comments/discussions

Cheers
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NEW CHANNEL TMA.jpg Size: 67 KB
Click to Enlarge Name: BUY ZONE SELL ZONE.jpg Size: 85 KB
Click to Enlarge Name: template ff latest.png Size: 22 KB
Attached File(s)
File Type: mq4 TMA ATR Channel.mq4   24 KB | 1,570 downloads
File Type: mq4 RSIALERT.mq4   4 KB | 975 downloads | Uploaded Aug 16, 2023 6:40pm
File Type: mq4 Semafor+123Triangles.mq4   29 KB | 883 downloads | Uploaded Aug 16, 2023 6:40pm
File Type: mq4 DailyHighLowWithRevesalCandle.mq4   8 KB | 899 downloads | Uploaded Aug 16, 2023 6:40pm
File Type: ex4 Symbol changer profit display v3.ex4   33 KB | 790 downloads | Uploaded Aug 16, 2023 6:43pm
File Type: mq4 TMA-Double-Cross-Arrow-Alert.mq4   17 KB | 1,147 downloads | Uploaded Aug 16, 2023 6:43pm
File Type: tpl ! #1 A 2023 2TMA FF.tpl   31 KB | 842 downloads | Uploaded Aug 16, 2023 6:46pm
  • #2
  • Aug 8, 2023 9:36pm Aug 8, 2023 9:36pm
Quoting Watercooler
Hi all, I open this thread to get feedback (more discussion) and hopefully someone can put arrow when intersection occurs and dashboard indicator for easy monitoring 24 pairs including metals. Recently i have using TMA ATR Channel indicator and after so many testing/setup i found 1 setup which can give an early signal for entry. I only use this setup for M15 timeframe. Rules 1. Timeframe= m15 2. Early signal when lines intersection or lines touch each other between 2 TMA ATR Channel line occurs 3. If Downtrend- Look at the bottom intersection for...
Hi I trade in gold so I will set one chart with your template and will try to show the results.
Love for all; Hatred for none.
  • #3
  • Edited 10:45pm Aug 8, 2023 10:34pm | Edited 10:45pm
Quoting aahmad29
{quote} Hi I trade in gold so I will set one chart with your template and will try to show the results.
Hi aahmad29,

from my observation there are 2 condition always occurs.
1. after intersection , trend will immediately change or
2. after intersection, price will be choppy or new hi/low will be formed and 2nd intersection will occurs. and this 2nd intersection is good for entry or atleast face minimum floating. But not all 2nd intersection is good entry..some of the can be considered as a late entry

i always wait for the 1st intersection and wait new low/high occurs and i make an entry. and if the price go against my entry i will put layer by layer until trend change



note: TMA will always updating according to the current price. so the line will be changed little bit. so need patience to get good entry. tq

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gold 8 august 2023.jpg Size: 83 KB
  • #4
  • Aug 8, 2023 11:04pm Aug 8, 2023 11:04pm
Quoting Watercooler
Hi all, I open this thread to get feedback (more discussion) and hopefully someone can put arrow when intersection occurs and dashboard indicator for easy monitoring 24 pairs including metals. Recently i have using TMA ATR Channel indicator and after so many testing/setup i found 1 setup which can give an early signal for entry. I only use this setup for M15 timeframe. Rules 1. Timeframe= m15 2. Early signal when lines intersection or lines touch each other between 2 TMA ATR Channel line occurs 3. If Downtrend- Look at the bottom intersection for...
Some time ago, one of FF member was asking EA that is based on 4H/1H Intersection.
I might be able to write some arrow/signal indicator for intersection of two TF TMA upper/lower lines.
  • #5
  • Aug 8, 2023 11:34pm Aug 8, 2023 11:34pm
Quoting BlueRain
{quote} Some time ago, one of FF member was asking EA that is based on 4H/1H Intersection. I might be able to write some arrow/signal indicator for intersection of two TF TMA upper/lower lines.
Hi BR,

Nice to see you here old friend.
Thank you very much for your help

cheers
  • #6
  • Aug 9, 2023 2:25am Aug 9, 2023 2:25am
MT5 version would be greatly appreciated if someone has it Thanks
  • #7
  • Aug 9, 2023 5:25am Aug 9, 2023 5:25am
atm pop up message say that price entered into Buy zone. It may be buy zone but by rules price did not touch blue line or blue lines did not touch each other.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.png Size: 19 KB
Love for all; Hatred for none.
  • #8
  • Aug 9, 2023 6:22am Aug 9, 2023 6:22am
Quoting aahmad29
atm pop up message say that price entered into Buy zone. It may be buy zone but by rules price did not touch blue line or blue lines did not touch each other. {image}
hi aahmad29,

the atm has alert but im not rely on that alert. im only focusing on intersection. based on your chart my prediction is price will make new low before trend ends. why i say so? because when im looking at m5 there is no intersection yet. try zoom at m5, you will see what i meant

but pls remember tonite will have big red news which is USD crude oil. so be alert

cheers
  • #9
  • Aug 9, 2023 8:17am Aug 9, 2023 8:17am
Quoting Dino10
MT5 version would be greatly appreciated if someone has it Thanks
Just use Laura T's Roadmap system. So simple yet very effective.
All you touch and all you see, is all your life will ever be.
  • #10
  • Aug 9, 2023 9:40am Aug 9, 2023 9:40am
Here is new development with signal. Do you close trade when opposite signal shows?
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.png Size: 19 KB
Love for all; Hatred for none.
  • #11
  • Edited 2:28pm Aug 9, 2023 10:11am | Edited 2:28pm
Quoting Watercooler
Hi all, I } {file} {file} {file}
Here is Arrow Indicator and template what loads indicators.

Extra: MT5 version for TMA ATR Channel Indicator attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
Click to Enlarge Name: screenshot.png Size: 10 KB
Attached File(s)
File Type: mq4 TMA ATR Channel.mq4   24 KB | 862 downloads
File Type: mq4 TMA-Double-Cross-Arrow-Alert.mq4   17 KB | 905 downloads
File Type: tpl Double TMA Channel Cross Signal and Alert.tpl   5 KB | 773 downloads
File Type: mq5 TMA_ATR_Channel.mq5   75 KB | 642 downloads
  • #12
  • Aug 9, 2023 4:01pm Aug 9, 2023 4:01pm
Quoting aahmad29
Here is new development with signal. Do you close trade when opposite signal shows? {image}
Yes and no, Yes but most of the time i closed all my positions when the total pips already positive although there are negative floating for some entries.

cheers
  • #13
  • Aug 9, 2023 4:03pm Aug 9, 2023 4:03pm
Quoting BlueRain
{quote} Here is Arrow Indicator and template what loads indicators. Extra: MT5 version for TMA ATR Channel Indicator attached. {file} {file} {file} {image} {image} {file}

Thank you very much BR. Your contribution is much appreciated. May god bless you.

Cheers
  • #14
  • Aug 9, 2023 4:21pm Aug 9, 2023 4:21pm
Quoting Watercooler
{quote} Hi aahmad29, from my observation there are 2 condition always occurs. 1. after intersection , trend will immediately change or 2. after intersection, price will be choppy or new hi/low will be formed and 2nd intersection will occurs. and this 2nd intersection is good for entry or atleast face minimum floating. But not all 2nd intersection is good entry..some of the can be considered as a late entry i always wait for the 1st intersection and wait new low/high occurs and i make an entry. and if the price go against my entry i will put layer...
From a quick glance, looks pretty accurate my brother. very interested

I'm using TradingView and want to make sure my indicator matches values..whats the ATR period, and multiplier?
Can't go broke making profit
  • #15
  • Aug 9, 2023 4:30pm Aug 9, 2023 4:30pm
Quoting BlueRain
{quote} Here is Arrow Indicator and template what loads indicators. Extra: MT5 version for TMA ATR Channel Indicator attached. {file} {file} {file} {image} {image} {file}
Hi BR,

already tested TMA-Double-Cross-Arrow-Alert but not all intersections arrow pops up
Pls refer picture attached

Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: BR TMA Cross Alert less arrow.png Size: 20 KB
  • #16
  • Aug 9, 2023 4:33pm Aug 9, 2023 4:33pm
Quoting FireScape
{quote} From a quick glance, looks pretty accurate my brother. very interested I'm using TradingView and want to make sure my indicator matches values..whats the ATR period, and multiplier?
Hi FireScape,

pls refer to my 1st post. The rules and all settings are there

cheers
  • #17
  • Aug 9, 2023 4:36pm Aug 9, 2023 4:36pm
Quoting Watercooler
{quote} Hi FireScape, pls refer to my 1st post. The rules and all settings are there cheers
can you screen print the default settings since you dont list
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: < 1 KB
Can't go broke making profit
  • #18
  • Aug 9, 2023 4:41pm Aug 9, 2023 4:41pm
Quoting FireScape
{quote} can you screen print the default settings since you dont list {image}
happy trading
Attached Image (click to enlarge)
Click to Enlarge Name: 2023-08-10 05_39_09-Custom Indicator - TMA ATR Channel.png Size: 12 KB
  • #19
  • Aug 9, 2023 5:24pm Aug 9, 2023 5:24pm
Quoting Watercooler
{quote} Hi BR, already tested TMA-Double-Cross-Arrow-Alert but not all intersections arrow pops up Pls refer picture attached Thank you {image}
I don't know where you get that graph. In my GBPUSD M15, chart looks like this attached.
There is no intersection in this chart. ( M15 and M30 with Period of 30 )


Make sure your loaded TMA Channel matches config in TMA Arrow Config.
Arrow Indicator has its own config so it can call TMA ATR Channel indicator with right options.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
Click to Enlarge Name: screenshot.png Size: 9 KB
  • #20
  • Aug 9, 2023 5:35pm Aug 9, 2023 5:35pm
Quoting BlueRain
{quote} I don't know where you get that graph. In my GBPUSD M15, chart looks like this attached. There is no intersection in this chart. ( M15 and M30 with Period of 30 ) Make sure your loaded TMA Channel matches config in TMA Arrow Config. Arrow Indicator has its own config so it can call TMA ATR Channel indicator with right options. {image} {image}
I figured out.
My TMA ATR Channel has default of ATR Period of 100 where you are using ATR period of 25.

In first post, you said just use default. In my TMA ATR, default ATR period is 100.

TMA ATR Channel no 1= Timeframe= current, TMA Period=30. The rest is default. For color properties only use line 7 and 8 (others choose none)
TMA ATR Channel no 2= Timeframe= 30 minutes, TMA Period=30. The rest is default. For color properties only use line 7 and 8 (others choose none)

Now, I have modified attached indicator so that this ATR period can be provided as option. (default is set to 25 )
Those values will be used when it calls external "TMA ATR Channel" indicators.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
Click to Enlarge Name: screenshot.png Size: 16 KB
Attached File(s)
File Type: mq4 TMA-Double-Cross-Arrow-Alert.mq4   17 KB | 843 downloads
3 traders viewing now