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Chandra's Indicators (with Alerts)

  • #201
  • Edited Apr 24, 2008 9:28am Apr 23, 2008 11:13pm | Edited Apr 24, 2008 9:28am
Hi All,

Since I was making Any Pair, Any TF versions for LISPA series, I decided to make it for the most fundamental indicator of all our interest, the Laguerre itself. Now, the new LaguerreMTF is another big improvement among my versions of Lag (better options than the Laguerre-ACS1 itself). One can plot different pairs in one chart and see the correlations of Pair movements. It can help in filtering bad signals. Just be sure to have that Pair shown in "Market Watch" window.

If you want to compare EURUSD with USDCHF, one of them has to be set as Invert=true; Whenever one currency is in different sides (first & last), then the Invert=true has to be used for one.

Get the Indicator from the first post.

Here are the Parameter details:
gamma1=0.6;
TimeFrame=0; // 0 = current chart TF; -1 = next higher TF; Cannot plot lower TF;
MaxBars=1000; // increase if needed for more backtesting.
MA = 2; // MA for Lag
Pair1 = "0"; // case-sensitive; 0 = current pair;
Invert=false; // invert the plot if needed for proper comparison


Happy Trading!
chandra
  • #202
  • Apr 24, 2008 9:01am Apr 24, 2008 9:01am
Hi Chandra,
I have found that the best way for me is trading based on the red lag indicator. It filters most of the false entries, and it gives me the required results.
I need your advice - which of your indicators is capable to alert the crossing of 0.15, 0.45 & 0.85 by the red Lag only ? I don't need any more than this simple option.
BR
Dani M
  • #203
  • Edited 9:56am Apr 24, 2008 9:37am | Edited 9:56am
Quoting dan_mir
Hi Chandra,
I have found that the best way for me is trading based on the red lag indicator. It filters most of the false entries, and it gives me the required results.
I need your advice - which of your indicators is capable to alert the crossing of 0.15, 0.45 & 0.85 by the red Lag only ? I don't need any more than this simple option.
BR
Dani M
Hi Dani,

You can use LISPA1MTF and input gamma1=0.8. This will give alerts whenever red lag crosses 0.15 or 0.85. There is no alert for crossing 0.45 level. The only way is to set ShowCenterCrossing=true (default). Then you will get the signals at mid point (0.5) crossings also. Use everything default except gamma1. Hope this helps.

Regards,
chandra
  • #204
  • Apr 24, 2008 10:26am Apr 24, 2008 10:26am
Quoting achandrasekaran99
Hi Dani,
You can use LISPA1MTF and input gamma1=0.8. This will give alerts whenever red lag crosses 0.15 or 0.85. There is no alert for crossing 0.45 level. The only way is to set ShowCenterCrossing=true (default). Then you will get the signals at mid point (0.5) crossings also. Use everything default except gamma1. Hope this helps.
Regards,
chandra
Thanks chandra.
Good answers as always.
Dani M
  • #205
  • May 13, 2008 2:26am May 13, 2008 2:26am
Quoting achandrasekaran99
Here is the new ADX-DI indicator.

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).

Input Parameter details:
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; use zero to avoid this filter).
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; use zero to avoid this filter).

The filters (Min_Difference and Min_DI_Level) do not affect the blue line (these filters work only on the histogram).

I hope people find it useful.

Regards,
chandra
Hi Chandra,
I don't see you around much lately!!!! is everything ok?
is it possible to add alert with text popup on 0 cross, for ACS-ADXDI indicator.
thx.
  • #206
  • May 13, 2008 12:07pm May 13, 2008 12:07pm
Quoting Abouelzelouf
Hi Chandra,
I don't see you around much lately!!!! is everything ok?
is it possible to add alert with text popup on 0 cross, for ACS-ADXDI indicator.
thx.
Hi Abouelzelouf,

I don't come too often, except weekends and to check news.

I have not added any alerts to indicators that are plotted. My alert systems are separate indicators that do not plot anything except arrows! It should not be much difficult to add the alerts in to other type of indicators. I will checkout later. Or I can add that option to some other system (like SAS5 new version).

Regards,
chandra
  • #207
  • Jun 6, 2008 2:00am Jun 6, 2008 2:00am
Hi Chandra

Is it possible for you to "smooth out" this indicator with MAs like your ACS ones.

Best regards
Attached File(s)
File Type: mq4 All Laguerre RSI.mq4   10 KB | 1,251 downloads
  • #208
  • Jun 6, 2008 4:11am Jun 6, 2008 4:11am
People, you never stop to amaze me :
It was only yesterday that that indicator was posted (not even on this site nor this forum nor this thread), and already today someone is pulling other sleeve to "adjust" it. Come on. What is wrong with this world?

Chandra, sorry for spamming your thread
regards
mladen

Quoting CiTiFx
Hi Chandra

Is it possible for you to "smooth out" this indicator with MAs like your ACS ones.

Best regards
  • #209
  • Edited 4:10pm Jun 6, 2008 4:58am | Edited 4:10pm
mladen,

I'm sorry you feel that way and I did not mean to cause offense. I did ask you to modify the indicator which I posted on the other site, to which you directed me to your already great indicator which I greatly appreciate. It was my intention, upon chandra modifications to post the item on your site. If he still intends to do it, if not thats fine.

If you do not wish for this to happen again please inform us as to how to use / distribute your indicators, I'm sure you would assume everyone has common courtesy, but sadly in the world we live in that is not always the case, some need to be informed of the boundaries as they are not always aware of what they are.

Once again apologies and thank you for the work that you have done.

P.S. No one is pulling anyones sleeve to adjust anything
  • #210
  • Jun 7, 2008 2:32pm Jun 7, 2008 2:32pm
Hi mladen,
You have the right to get involved when your indicator is used. So, no problem to express your feelings.
=============
Hi Citi,

I do not know what this new Laguerre Indicator does (I looked at the code, but did not attach to a chart). But I do have my own LaguerreMTF in the first post here and it can be attached several times with different gamma or TF (and even different pairs to see which is stronger). Please use it with various options and you will find everything you need. That is my latest indicator release.

I also checked about using different Applied_Price (as used by mladen) and even various MA (such as EMA, SMA..., instead of the Close price used currently). But found that nothing improved much. So, stayed with my original version for basic calculations.

Regards,
chandra
  • #211
  • Jul 18, 2008 8:10am Jul 18, 2008 8:10am
Hi Chandra

I am along time MT4 user but recently I have been very impressed with GFT's Dealbook 360.
Through your efforts and posts I have become 'hooked' on the Laguerre ACS which found initially in the Imran Sait thread and wondered if you had, or could produce, a version for Dealbook?
Alternativly can you tell me where I might locate someone familiar with Laguerre and especially Dealbook.

Otherwise can you supply me Laguerre-ACS in mq 4 form so I can perhaps try and transfer it to Dealbook?

thanks in advance for your help.
rorieu
  • #212
  • Jul 20, 2008 11:58am Jul 20, 2008 11:58am
Hi rorieu,

I have not come across DealBook and so I have no idea. If you want to translate the code, you can find some mq4 files already in the attachments of this thread. Just click on the Paper-Clip icon at the top-right of the thread and select any laguerre...mq4 file.

if you want to translate from ESL code, it is in the second page of this thread (post-17). The fifth line from the bottom has a mistake (there should be a "(" after the "=").

Regards,
chandra
  • #213
  • Jul 21, 2008 2:27am Jul 21, 2008 2:27am
Quoting achandrasekaran99
Hi rorieu,

I have not come across DealBook and so I have no idea. If you want to translate the code, you can find some mq4 files already in the attachments of this thread. Just click on the Paper-Clip icon at the top-right of the thread and select any laguerre...mq4 file.

if you want to translate from ESL code, it is in the second page of this thread (post-17). The fifth line from the bottom has a mistake (there should be a "(" after the "=").

Regards,
chandra
Chandra

Thanks for your reply
It's the 'smoothed' Laguerre ACS I want to translate the code from.
I cannot find a mq4 version. All the copies I have seen on FF are ex4s.
I have the basic Lag code, it's the smoothing (MA / EMA?) you applied I don't have.
If you don't want to publicize it can you PM or email me an extract of the 'smoothing part' of the code please?

thanks

rorieu
  • #214
  • Edited Jul 22, 2008 7:07am Jul 21, 2008 9:18pm | Edited Jul 22, 2008 7:07am
Hi rorieu and all others,

This indicator has been very popular one (thanks to Imran's method) and has been downloaded more than 20,000 times! It has also appeared on other threads and other sites also.

Finally I decided to release the source code for this smoothed Laguerre-ACS (it has been 9 months since it was made!). There is some room for improvement in the calculation and options (but may not improve the signals much!). Everyone is free to add improvement. It will be great if the improved/modified versions are posted here with additional name suffixes.

I am also attaching the limited Trade Station's Easy Language version I have (it has only two period MA as fixed smoothing, but that is the best). The file is called as a .TXT file. To make a better version for easy language, read two posts back and work from there.

Good Luck Everyone!

Regards,
chandra
Attached File(s)
File Type: mq4 Laguerre-ACS1.mq4   3 KB | 2,638 downloads
File Type: txt Laguerre-ACS1.txt   < 1 KB | 1,673 downloads
  • #215
  • Jul 22, 2008 6:38am Jul 22, 2008 6:38am
Hi Chandra

Thanks so much. I appreciate your help.

R
  • #216
  • Aug 3, 2008 3:51pm Aug 3, 2008 3:51pm
Here is the Dealbook code (= Lag ACS)for anyone interested:


indicator Laguerre_RSI2;
input price = close, Gamma = 0.6, High_Baseline = 0.9, Mid_Baseline = 0.5, Low_Baseline = 0.1;
draw LaguerreRSI("Laguerre RSI2", solid_line,blue,2),
line_high("HIGH Baseline2",dash_line,dark_blue,1),
line_mid("MID Baseline2",solid_line,red,2),
line_low("LOW Baseline2",dash_line,dark_blue,1);
vars i(number),
f(number),
line_hi(series),
line_mi(series),
line_lo(series),
L0(series),
L1(series),
L2(series),
L3(series),
CU(number),
CD(number),
RSI(series);
begin
f := front(price);
L0[f] := 0;
L1[f] := 0;
L2[f] := 0;
L3[f] := 0;
RSI[f] := 0;
for i:=f+1 to back(price) do
begin
line_hi[i] := high_baseline;
line_mi[i] := mid_baseline;
line_lo[i] := low_baseline;
L0[i] := (1 - gamma) * price[i] + gamma * L0[i-1];
L1[i] := - gamma * L0[i] + L0[i-1] + gamma * L1[i-1];
L2[i] := - gamma * L1[i] + L1[i-1] + gamma * L2[i-1];
L3[i] := - gamma * L2[i] + L2[i-1] + gamma * L3[i-1];
CU:= 0;
CD:= 0;
If L0[i] >= L1[i] then CU := L0[i] - L1[i] Else CD:= L1[i] - L0[i];
If L1[i] >= L2[i] then CU := CU + L1[i] - L2[i] Else CD := CD + L2[i] - L1[i];
If L2[i] >= L3[i] then CU := CU + L2[i] - L3[i] Else CD := CD + L3[i] - L2[i];
If (CU + CD) <> 0 then RSI[i] := CU / (CU + CD) ;
end;
LaguerreRSI:=SMA(RSI,2);
line_high:=line_hi;
line_mid:=line_mi;
line_low:=line_lo;
end.


rorieu
  • #217
  • Aug 3, 2008 4:25pm Aug 3, 2008 4:25pm
Thank you rorieu for sharing your DealBook-360 version of the smoothed Laguerre. Now that you have done all the work, I am thinking of giving you some more work! I am planning to release a new version of Laguerre-ACS. It will be better than the last one (same calculations, but easy on the eyes!). It will use the same Laguerre-ACS1, but display it in a much better way (4 color histogram). Look for it within a week.

Regards,
chandra
  • #218
  • Aug 3, 2008 4:59pm Aug 3, 2008 4:59pm
Hi chandra

I just shuffled couple of lines - literally! So compliments are not deserved.

I look forward to your new Indicators.

rorieu

PS to all, I would like to find more info and advice on programming / adjusting Dealbook code - or better some expert who can do it for me!


Quoting achandrasekaran99
Thank you rorieu for sharing your DealBook-360 version of the smoothed Laguerre. Now that you have done all the work, I am thinking of giving you some more work! I am planning to release a new version of Laguerre-ACS. It will be better than the last one (same calculations, but easy on the eyes!). It will use the same Laguerre-ACS1, but display it in a much better way (4 color histogram). Look for it within a week.

Regards,
chandra
  • #219
  • Edited 11:43pm Aug 7, 2008 10:08pm | Edited 11:43pm
Hi All Lag users,

Here is my histogram version of Lag indicator (LaguerreRSI). It uses my Laguerre-ACS1.ex4 indicator and you should have that file to use this.

The scale was changed from 0-1 to -0.5 to 0.5 to show as a histogram. Don't bother about the scale, just follow the Levels and Colors.

I hope it will reduce the eye strain for everyone and help in quick/easy visual of the trend status.

The attached figure below compares the Laguerre-ACS1 lines with the new Histogram style.

Note: Just now I noticed that the Histogram indicator-name shows only one gamma. But if you place cursor on Histogram or line, you will be able to see each of their settings (and values).

Regards,
chandra
*************************************************
Here are the explanation of the Input parameters.
gamma1=0; // default is 0.6
gamma2=0; // default is 0.8
TimeFrame1=0; // default current chart TF; negative number = next higher TF. other TF as given in Min.
MA1 = 2; // generally no need to change this smoothing average.
Threshold=0.35; // equivalent to 0.85/0.15 (for Histogram the range has to be -0.5 to 0.5). The histogram colors will change at this points.
MaximumBars= 1000; // For back-checking, just increase as per need.
UseClosedBars=true; // I always like to use closed bars data.
ShowLag1Line=true; // you can turn off this line if you like that way.
ShowLag2Line=true; // you can turn off this line if you like that way.
gamma2Histo=true; // you can plot only one Lag as a Histogram, the other one will be a Line only. Setting this to false will make it draw Histogram for Lag1(gamma1) and just line for Lag2.
Attached Image (click to enlarge)
Click to Enlarge Name: lag-histo.gif Size: 22 KB
Attached File(s)
File Type: ex4 Lag-Histo-ACS.ex4   7 KB | 1,891 downloads
  • #220
  • Aug 10, 2008 5:56am Aug 10, 2008 5:56am
Hello chandra,

are you also still using the digistochs?
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