Chandra's Indicators (with Alerts)

USEFUL TIPS on USING the LISPA Indicators can be found in the following post of this thread:
http://www.forexfactory.com/showpost...&postcount=233

Latest Addition: 08-AUG-08; Lag-Histo-ACS indicator released. <NEW>
Post # 219: http://www.forexfactory.com/showthre...27#post2153927

Addition: 21-JUL-08; Laguerre-ACS source code released.
Post # 214: http://www.forexfactory.com/showthre...77#post2120577

Update: 24-Apr-08; Added LaguerreMTF indicator.
(any Pair, any higher TF version attached here in the first post)
(Parameter details: http://www.forexfactory.com/showthre...71#post1967171 )
Update: 17-Apr-08; Added LISPA2MTF indicator. http://www.forexfactory.com/showpost...6&post=1957606

Update: 18-Feb-08; Added Lag-Watcher indicator.
Update: 14-Feb-08; Added IFT-RSI-ACS indicator.
Update: 02-Feb-08; Modified Chandra-SAS5.
Update: 23-Jan-08; Added ADX-DI indicator.

Hi All,

Here I will post some of my Indicators (only new Indicators).

Information on How to attach Indicators, How to change Indicator Settings and How to setup email can be found in my previous LISPA thread's first post:
( http://www.forexfactory.com/showpost...29&postcount=1 )

LISPA1 and LISPA2 were originally written for the following thread:
Simple Method of Scalping GBP/Jpy on 5 min chart - by Imran Sait
[[not only for scalping, not only for GBPJPY and not only for 5 min!]]
http://www.forexfactory.com/showthread.php?t=48926

Please leave your comments here.
chandra
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1. LISPA2:
New version of LISPA2MTF is available in the following link:
http://www.forexfactory.com/showpost...6&post=1957606
(It just allows one to change all parameters and TF/Pair, but there is no change in strategy).

Version attached here: (29-NOV-07) [Last Modified: 29-Nov-07 11:30 PM EST][Prior Views: 68]
Here is the second edition of LISPA (for prior versions, see my earlier thread at the first link above). Similar to LISPA1, it generates several types of Alerts for Buy/Sell signals. This Indicator needs Laguerre-ACS1.ex4 to be present in the Indicators folder (no need to attach it, but if you have attached to a chart that is not a problem). It has optional MACD-Stoch, EMA25-EMA60 filters. It may miss some great moves due to difficulty to code for every possible conditions, but generates better quality signals (not fool-proof, but much better than earlier version).
* The EMail alert will not work on 1M charts.

Settings of LISPA2 are detailed in the following Link:
http://www.forexfactory.com/showpost...1&postcount=93

My ADDITION: One thing I have found is that, it is better to wait for the signal bar (the bar before the arrow) range to be broken by a couple of pips in our direction. This I consider as additional confirmation (in addition to others pointed out in Main thread). Take only good setups and leave the sharp moves and average/difficult/conflicting/counter-trend setups to experts! I think it works great on consolidation Breakouts and Rounded Top/Bottom. Choppy market can be a killer!

Disclaimer: This Indicator is only to simplify the work, not to eliminate the work! Use the Alerts as a time to start analysis, not as a time to enter immediately. PLEASE read the first post and the PDF of Main thread carefully and practice/demo trade first until you get the feel for the system before entering real trades.
Please leave your questions, suggestions and feedback about the programs here. The method related questions will be answered better in the Main thread.
Simple Method of Scalping GBP/Jpy on 5 min chart-by Imran Sait
http://www.forexfactory.com/showthread.php?t=48926

Additional Alert codes for Lag can be found at the following links:
http://www.forexfactory.com/showpost...postcount=5774
http://www.forexfactory.com/showpost...postcount=6304
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2. Laguerre-ACS1:
It is my new variation of Laguerre. It simply has the option to plot the MA for Laguerre itself. Normally Laguerre had only one variable, the gamma. To get faster signal we had to use lower gamma, which produced fakes often. If we increased the gamma, the fakes were avoided, but there was a considerable delay to get the signal. I thought about the ways to improve the noise/delay problem. Usually I like to try MA to everything and here it seemed to help quite a bit. I checked it for the past few days. Still False signals are there, but Fakes (lasting just one or two bars) are almost fully eliminated. Using just 2-bar MA does a good job, almost without any delay (at worst case there is a single bar delay).
* A very minor problem of displaying a second value was corrected (25-Oct-07 20 ET)

To use this indicator inside other indicators or EAs, use the following line of code:
iCustom(Symbol(), 0, "Laguerre-ACS1", gamma, 200, 2, 0, i)
This will give the Lag value for the i-bar (i bars to left from current bar; 0 = current bar). Better to use closed bar values (i+1). Adjust the settings and maximum bars=200 as needed. You can get value for any timeframe Lag (but it will be a bit complicated to calculate old values for different timeframes than the chart timeframe). In that case you can use LaguerreMTF found here, with the following line of code:
iCustom(Symbol(), 0, "LaguerreMTF", gamma,TimeFrame, 200, 2, "0", 0, 0, 0, i)

To learn the details of how to use Laguerre successfully, visit the following thread. At least read the first post there very thoroughly (it is not just for scalping):
Simple Method of Scalping GBP/Jpy on 5 min chart-by Imran Sait
http://www.forexfactory.com/showthread.php?t=48926
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3. Chandra-SAS5: Chandra-Signal-Alert-System5: It can do 5 things! <Update: 02-Feb-08>
(Replaces old Chandra-SAS5; views 507)
(Replaces Chandra-SAS3; views 381)
(SAS3 Replaced Chandra-SAS2; views 999)
This is next version of my earlier alert system. * The EMail alert will not work on 1M charts.
* This system can make alerts for MACD-crossovers. Use this for EMA crossover also!.
* This can make alerts for Horizontal S/R line break or Pivot line break (EMA can be used)*.
* This makes alerts for Stoch-signal line or Stoch-50 level crossover.
* This system also can monitor other signal generating Indicators and make ALL the LISPA type alerts when that Indicator generates a new signal.
* Some signal generating Indicators make the signals in such a way that no other program can read. Such Indicators cannot be monitored. Currently, this can be used to monitor ASCTrend1sig-imran.ex4 or MT4-LevelStop-Reverse (others also can be used if you know the details of that program). The later generates signals in a hidden way and so I had to change the original code (to MT4-LSAR.ex4 which is also attached here).
* This system can be used with Indi_Name either "0" or "1" or "2" or "3" or "4" (simple 'names'! You can use whole name also). The details of these Indi_Name options are:

0 = MACD or EMA (MACD-crossover); Use Input1, Input2, Input3 to define MACD. Input4 is used as option to use the signal line cross (0 or negative input) or zero-level cross (1 or above). Defaults=12,26,9 (signal line cross, which is traditional histogram zero-cross). For MACD crossing the zero level (or EMA crossover, which is same as MACD crossing zero level), define the Input4 = 1. For example, using Inputs1-4 as 60,200,1,1 will give 60-200-EMA-crossover signals/alerts.

1 = ASCTrend1sig-imran. To change the Risk input, use Input1. (default=3).
To use 1, you should have the file ASCTrend1sig-imran.ex4
(get it from http://www.forexfactory.com/showpost...postcount=2341 )

2 = MT4-LSAR. To change ATRPeriod and ATRMultiplier, use Input3 and Input4 (defaults=9,3). To use 2, you should have the file MT4-LSAR.ex4 (attached here).

3 = Breakout (Horizontal line breaks). The H-Lines should be drawn and placed where needed. If no H-Line is present, the daily Pivot Point will be used. If one H-Line is present, that will be used. If two or more lines are present, the highest line will be used for up-break and lowest line will be used for down-break. It will automatically search for all H-Lines and make the decision (No need to name the lines)! The Input data are as follows:
Input1 = 0; (Breakout pips; default = 1.5*Spread or max 10 pips).
Input2 = 0; (define EMA Bars; default = 1, which is no-EMA, just Close price).
Input3 = 0; (horizontal Text Position of Price Levels; default = 300).
Input4 = 0; (vertical Text Position of Price Levels; default = 2).
* CANNOT be used for historical testing.
* CANNOT be used with most Auto-Pivot indicators, because they use dozen H-Lines to plot pivot levels!
If you want a pivot plotter that does not use H-Lines, visit the following old thread: http://www.forexfactory.com/showthread.php?t=5538

4 = Stoch (Stoch-crossovers). Use Input1, Input2, Input3 to define Stochoistics. Input4 is used as option to use the signal line cross (0 or negative input) or 50-level cross (1 or above). Defaults=14,3,3 (signal line cross). For StochHistogram crossing the zero level, define the Input4 = 1 (it is same as Stoch crossing the 50 level)..

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4. Laguerre2-ACS1 (MTF_Laguerre with MA):
This is the modified version of my MTF_Laguerre. It can plot two lines. First line plots only for current chart timeframe. The TimeFrame for second line can be changed. The MA bars can be changed for both independantly. Some of the settings are given below (others are obvious):
TimeFrame2=0; (0 = current chart Timeframe; negative = next higher TimeFrame);
MA1 = 2; (two bar average for first Lag)
MA2 = 2; (two bar average for second Lag; better to increase when using higher TimeFrame)
MaxBars=1000; (should be increased for using much higher timeframe, such as 5M chart with 60M Lag!)
24-Nov-07 ==> Default settings changed to match Imran's new Settings. [Prior Views: 524]

4A. Laguerre3-ACS1: same as above, but plots three lines (two are MTF) (16-Dec-07).
----- TimeFrames are automatically calculated to be current + next higher two.
----- An important mistake in calculation for line 3 was corrected (26-Dec-07).

4B. LaguerreMTF: Any Pair, Any TimeFrame version (24-Apr-08).
(single MTF line version: 16-Dec-07; Prior Views: 858]
Parameter Details: http://www.forexfactory.com/showthre...71#post1967171
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5. ADX-DI Indicator:
The Indicator is attached in the following link (I cannot add more than 7 files here):
http://www.forexfactory.com/showpost...&postcount=140
** This plots the difference between the +DI and -DI as Histogram. The color clearly shows who is dominating (bulls or bears; The resulting direction is exactly same as adding Bulls_Power+Bears_Power, even though the values will be different).
ADXDI_Bars = 14 (number of bars for ADX/DMI calculation).
MA_Period1 = 1 (for Moving Average of this difference; shown by a blue line).
Min_Difference = 5 (minimum difference to plot the histogram; if less, histogram will not be shown for that bar; filters out weak moves).
Min_DI_Level = 20 (minimum value at least one of the +DI or -DI must have; if less, histogram will not be shown for that bar; filters out weak moves).
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6. IFT-RSI-ACS Indicator:
The Indicator is attached in the following link (I cannot add more than 7 files here):
http://www.forexfactory.com/showpost...&postcount=170

Here is my new IFT-RSI-ACS indicator.
Inverse Fisher Transform-RSI. It is similar to Laguerre-ACS1 we have been using. It can be used either alone or with LagRSI (to see if they agree). I have changed the scales to match our LagRSI and similar rules can be used with this also (either crossing 0.85/0.15 levels or 0.5 level). Just check it out.

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7. Lag-Watcher Indicator:
The Indicator is attached in the following link (I cannot add more than 7 files here):
http://www.forexfactory.com/showthre...05#post1861905
(Check post 172 for a screenShot and post 174 for the Settings; post above and below there)

Here is my new Lag-Watcher indicator.
It gives well color-coded text signals for two Lags and EMA-Slope for chart timeframe or ANY timeframe (settings post has a mistake that states that "any higher TF", but actually ANY TF is correct). The color-coding is done just to help avoid getting in to wrong or counter trades.
Just check it out.

________________________________________________________
My earlier programs can be found at the following links:
1. LISPA1 & Chandra-Signal-Alert-System ==> http://www.forexfactory.com/showthread.php?t=51635
X. Trading Sessions (not mine) ==> http://www.forexfactory.com/showpost...postcount=3639
________________________________________________________

Thanks Chandra, will test and report any bugs

Thanks PipCop. You are the first to check it here. In addition to bugs, please check whether it is better or same (or worse!) than the regular Laguerre.

Regards,
chandra

thank you will test and let you know...

Thanks Chandra will also test it.

Hi Chandra,

Tq for all ur commitment n helping us out with Imran's good method. I will test this indi and will give u my feedback.

Hi Chandra,

I'm in too, testing your new code. Thanks for your effort. This version seems to leave one with less questions...
btw, the MA doesn't seem to get painted on my setup. I use level crossings 0.1 & 0.9 instead...

Ohka

Thanks Chandra for all your help I will start testing right away.

Derm

Hi Ohka,

Can you elaborate the painting problem? It does not give any signals. So levels are not a problem. It just draws the Indicator line at the bottom of chart. If you move cursor over the line, you can see what gamma and MA are used (if MA is 1, it will not show MA #). Please let me know if you can see this line (blue & thick are defaults).

chandra

Hello Chandra,

I've added the lacquerre ACS1 and Chandra_Signal_alert_system to my chart.

Are the settings correct?



Further, can I trade based on just these two indicators ?

TQ

Hello Chandra,

Do you have a Laguerre-ACS1 version for Visual Trader? Once in awhile my MT feed seems to get interrupted. Also I like some of the VT platform features.

Thanks.

Hi Chandra.

I've tested your indic yesterday and see no difference with signals of the regular Laguerre. The signals are accurate too.

I like the smoother aspect of yours.

I have a question, can you explain what the MA is for, I'm not sure I understand correctly what it is and what is exactly the difference in between you version and the regular one. I just understand it has something do do with tha alerts but that's it.

BTW is there a visual and sound alert or just visual, sound would be good.

Thanks for your help.

Al

Hai chandra.....
Thanx a lot ...and I will test and let you know about any problem.

Al: There is a HUGE difference between the regular Laguerre and Chandra's indicator (btw - great job Chandra!). If you don't change the MA setting from the default of "2", then it does look the same as regular Laguerre. You need to increase the MA setting to reduce the whipsaws. Also, increase gamma to improve signal quality. Tweak the settings based on whatever timeframe you are using. I was using the Awesome indicator to reduce whipsaws of the regular Laguerre, but Chandra's MA addition to smooth it out is so much better that it doesn't need a confirming indicator.

Hi Chandra,

obviously, there's no painting problem. It was my expectation to see two lines, the Laguerre and a MA signal line. I since learned that only the MA is shown.

After checking out your Laguerre ASC, I feel that perhaps the gamma should be reduced a bit - and perhaps the MA should be taken from one additional bar. On my charts, quite often Laguerre ASC signals an entry one bar later than the original Laguerre's (with Imran's settings) do.

I'll keep you posted!

Question to all: has anyone of you tried to apply a Fisher Transform to Laguerre ASC? I'd be very, very interested in your findings....!

bye
Ohka

Hi arhemsi,

Yes, the settings are correct. All set for this.
But I would recommend that you also use the Stoch(14,3,3) and MT4-LevelStop-Reverse Indicator. I think these two should be very important (though, Support/Resistance levels, Pivot Levels, Fib levels are also considered to be important).

Please also read the first post of Imran Sait (link added in my first post here). Also visit my LISPA1 indicator thread for other Indicators or their links.

Regards,
chandra

Ohka and KingSizePips provided TS code for the regular Laguerre in the main forum. I will try to modify to get the MA= 1 - 3 (I don't know how to make general loop in TS). Since I have never seen TS, I am not sure it will work. If it generates any error or the values don't match the Laguerre-ACS1, Ohka can correct it.

Hi Ohka, if you read this, please check it and correct if necessary. Thanks.

Hope it works. Let us know.
chandra

{Start of TS-Laguerre-ACS1 code}
inputs: gamma(0.5), MA(2) ;
Vars: L0(0) ,
L1(0) ,
L2(0) ,
L3(0) ,
CU(0) ,
CD(0) ,
dummy(0),
LaguerreRSI(0) ;

L0 = (1 - gamma) * close + gamma * L0[1] ;
L1 = - gamma * L0 + L0[1] + gamma * L1[1] ;
L2 = - gamma * L1 + L1[1] + gamma * L2[1] ;
L3 = - gamma * L2 + L2[1] + gamma * L3[1] ;

CU = 0 ;
CD = 0 ;
if L0 >= L1 then CU = L0 - L1 Else CD = L1 - L0 ;
if L1 >= L2 then CU = CU + L1 - L2 Else CD = CD + L2 - L1 ;
if L2 >= L3 then CU = CU + L2 - L3 Else CD = CD + L3 - L2 ;

if CU + CD <> 0 then dummy = CU / (CU + CD) ;
if MA < 2 then LaguerreRSI = dummy ;
if MA = 2 then LaguerreRSI = (dummy + dummy[1])/2 ;
if MA > 2 then LaguerreRSI = dummy + dummy[1] + dummy[2])/3 ;

Plot1(LaguerreRSI, "LaguerreRSI") ;
Plot2(.85) ;
Plot3(.15) ;
{End of TS-Laguerre-ACS1 code}

Hi Al,

MA stands for Moving Average (just like used in price). By default, it takes the average of recent two regular Lag values to plot for the current bar. I also found that it did not reduce fakes that much on friday and even on thursday (but even these days, it reduced nearly half fakes in eurjpy). But the prior two days, it reduced a lot. So, overall it reduces more than half fakes, without adding much delay. I think may be it does that by cutting weak moves, that are not strong enough to pull the prior Lag.

This does not have any alert or signals. Soon I will post new LISPA that will work with either this Laguerre-ACS1 or the regular version. That will give all the alerts.

Regards,
chandra

Hi eagle,

Thanks for posting your observations. Exactly thats what I needed to see. People testing with various parameters and seeing how it works compared to regular Lag. May be we need to change the default settings to 0.6 and 3 (just a little increase, so as not to cause too much delay)? First I will check it with this settings and see how it works in 5-15M timeframes.

Regards,
chandra

Hi Ohka,

I worked on Fisher Transform on the price itself in another thread (about four months back). First we had a re-painter that looked too good on visual backtesting. Then I fixed the code and even made alert similar to LISPA (actually LISPA is an improved version of that alert system). After a lot of work, we found that it was adding too much delay and abandoned it. I don't know how it will work on the LagRSI. But I think it will add similar delay here also. Just the Lag-MA, Stoch, MT4-LSAR should be enough I think.

BTW, If you want to plot two Lag-MAs, just add them twice with two different MAs on the same window (you can use 1 or 0 as MA value to get regular Lag). Then you can even see moving average crossover. I checked with 2-4 MA and it looked OK.

chandra

PS: I use ACS for Laguerre (and many other programs as a kinda abbreviation of my name). It is confusing with Imran's ASC indicator it looks! At least for me! When you write ASC, I am thinking of that Imrans ASC indicator. No problem, just confusing.