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Attachments: Analysis and Trading based on Envelopes, Waves, Cycles
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Analysis and Trading based on Envelopes, Waves, Cycles

  • #14,001
  • Edited 8:08pm Nov 26, 2024 4:36pm | Edited 8:08pm
Quoting OAPDave
{image} {image}
Hi, OP!
"OP, can you tell me how you managed to add the CMA/envelope channel on MT5? I tried and couldn't do it. Could you help me? Which indicator are you using?
  • #14,002
  • Nov 26, 2024 5:08pm Nov 26, 2024 5:08pm
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  • #14,003
  • Nov 26, 2024 8:03pm Nov 26, 2024 8:03pm
Quoting OAPDave
{image} {image} {image}
Dave,
are you playing around with Millard's work?

If so you'll need to use curves to draw "potential" channels. I then combine my knowledge of Millard with focal points and 5 leg moves to find likely channel boundaries.
  • #14,004
  • Nov 27, 2024 2:23am Nov 27, 2024 2:23am
DAX m1:
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Stick to the plan!
  • #14,005
  • Edited 3:15am Nov 27, 2024 2:27am | Edited 3:15am
Yes Terry as you have spotted, as usual I am playing in the dark
Hence I can only use Chart Time to watch what unfolds
It would be nice to do a
GoCompare
but I accept we all have our own favorites and timeframes so its
not really possible
This is what I have woken up to on my Fav today
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  • #14,006
  • Edited 2:46am Nov 27, 2024 2:31am | Edited 2:46am
Quoting danky
{quote} Hi, OP! "OP, can you tell me how you managed to add the CMA/envelope channel on MT5? I tried and couldn't do it. Could you help me? Which indicator are you using?
Please read
Page 1
Post 1
It does not seem possible ?
  • #14,007
  • Nov 27, 2024 5:14am Nov 27, 2024 5:14am
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i was out at TP 2.
  • #14,008
  • Nov 27, 2024 6:22am Nov 27, 2024 6:22am
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  • #14,009
  • Nov 27, 2024 6:56am Nov 27, 2024 6:56am
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  • #14,010
  • Nov 27, 2024 6:21pm Nov 27, 2024 6:21pm
Quoting tmpascoe
My CMA channel indicator has been designed to utilise the work of Brian Millard. Millard's channels are slightly different to Alain's as the channel width is determined by the magnitude of price fluctuations rather than division by 1/8ths employed by Alain. Additionally Millard extrapolates the channel boundaries using curved lines rather than straight projections, so you'll need to "hide line extensions" from within the indicator. I'm not sure if Alain has already posted Millard's work so I'll post some now (supplied to me by Alain a couple...
The key of all that is to understand how CMA's work (the Flip Point mechanism).

Then the CMA' s decelerate, slowly curving themselves (then curving their translated Envelopes boundaries)

The CMA's build successively a "Nest of Tops where the difference between the added Price Value and the subtracted Price value to each CMA sum (32, 128 and 256) is minimal or equal to zero


This signals to us the end of each CMA upmove, ther CMA's change their Direction and their respective extensions follow.

Terry you indicate us this Change in Trend with your white dot above the CMA indicator when a CMA change its Trend.
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  • #14,011
  • Nov 27, 2024 6:23pm Nov 27, 2024 6:23pm
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  • #14,012
  • Nov 27, 2024 6:28pm Nov 27, 2024 6:28pm
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  • #14,013
  • Nov 27, 2024 6:34pm Nov 27, 2024 6:34pm
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  • #14,014
  • Edited 7:53pm Nov 27, 2024 6:35pm | Edited 7:53pm
We can observe here how the Change in Trend propagates itself

with CMA 32 (red) acting as a warning
theb CMA 128(white) ahe new Downtrends and additional co,formation
and CMA 256 (yellow) as a definitive confirmation of the new Downtrend
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  • #14,015
  • Nov 27, 2024 7:10pm Nov 27, 2024 7:10pm
We can use the Focal Point FP5 and its Potential Target Price as an additional Area to check for a Change in Trend
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  • #14,016
  • Nov 27, 2024 7:16pm Nov 27, 2024 7:16pm
When the share price approaches the inner channel boundary
we expect it to reverse direction,
and when the inner channel approaches the boundary of the next outer channel,
again we expect the inner channel to reverse direction.

Brian Millard

The smoother the channel, the easier it is to project it
into the future past the latest actual price point.
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  • #14,017
  • Edited 7:58pm Nov 27, 2024 7:22pm | Edited 7:58pm
When carried out by computer, as are all of the charts in this book,
the channels are drawn so that only a small, specified percentage (e.g. 2.5%) of price points
stays outside the channels.

Thus a small number of overshoots is tolerable,
and even desirable if the maximum number of peaks and
troughs are to lie close to the channel boundaries.

Brian Millard
  • #14,018
  • Nov 27, 2024 7:26pm Nov 27, 2024 7:26pm
In its simplest use,
we can say that we can project the channel forward into the near future
by drawing smooth continuations of the existing channel lines.

Brian Millard
  • #14,019
  • Nov 27, 2024 7:31pm Nov 27, 2024 7:31pm
The basis of the method of channel analysis is the observation that,
when correctly plotted, share prices oscillate about a Moving Average,
and the oscillations can be contained within boundaries above and below the Moving Average.

Brian Millard
  • #14,020
  • Nov 27, 2024 7:36pm Nov 27, 2024 7:36pm
BASIS OF CHANNEL ANALYSIS

When used properly,
channel analysis will enable us to forecast points in the immediate future
at which a trend is expected to change direction.

Brian Millard

Channel Analysis can do much more than that (Parisboy)
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