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Spud's Predictive MTF Stochastics

  • #381
  • Nov 13, 2008 2:23pm Nov 13, 2008 2:23pm
Quoting forexweasel
I'm in already at 1.2788 and moved sl to be after using the standard m5 entry. We'll see how far down it goes (perhaps 50% retracement?) before it gives a MUST close exit.

anyone else in on this?

FW
I'm not but when I get back to my 'trading desk' I'll be looking for my share of pips tonight
  • #382
  • Edited Nov 14, 2008 4:43am Nov 13, 2008 2:24pm | Edited Nov 14, 2008 4:43am
Hi Stoch-Traders
I changed slightly this indicator so that we can use only this in our MTF Stoch daily trading.
New features available in Stochastic_NoLastBar v2 :

- variable AllBars (boolean) : will show/hide last stochastic bar.
- Added current stochastic value within a label
- variable StochColor will change color of stochastic and label

Note : Don't use any other previous version of this indicator nor any other stochastic indicator on the same chart of Stochastic_NoLastBar v2 otherwise it won't works.

Hope you like it
Attached Image
Attached File(s)
File Type: ex4 Stochastic_NoLastBar v2.ex4   5 KB | 584 downloads
  • #383
  • Nov 13, 2008 3:35pm Nov 13, 2008 3:35pm
Quoting skyline
Hi Stoch-Traders
I changed slightly this indicator so that we can use only this in our MTF Stoch daily trading.
New features available in Stochastic_NoLastBar v2 :

- variable AllBars (boolean) : will show/hide last stochastic bar.
- Added current stochastic value within a label
- variable StochColor will change color of stochastic and label

Hope you like it
Beautiful! Love the addition of the stoch value within a label. Thanks a ton Skyline.

J
  • #384
  • Nov 13, 2008 3:52pm Nov 13, 2008 3:52pm
Mille Grazie, Skyline (Inter) - Ti piace la mia Juve quest'anno? Nice work as usual with regard to the indicator.
  • #385
  • Nov 13, 2008 4:17pm Nov 13, 2008 4:17pm
Quoting skyline
Hi Stoch-Traders
I changed slightly this indicator so that we can use only this in our MTF Stoch daily trading.
New features available in Stochastic_NoLastBar v2 :

- variable AllBars (boolean) : will show/hide last stochastic bar.
- Added current stochastic value within a label
- variable StochColor will change color of stochastic and label

Hope you like it

Thanks Skyline.
TTFN Merlyn
  • #386
  • Nov 13, 2008 4:32pm Nov 13, 2008 4:32pm
Quoting sarah2002
do we ve to close a position or to delay an entry during the news time ?
The quick answer is no. The stochastic do not change becuase of news. However be aware of oversold/overbought conditions. Best to play stochastic runs between 20 to 80 or 80 to 20.
  • #387
  • Nov 13, 2008 5:07pm Nov 13, 2008 5:07pm
Cindy, I through in the stochastic bars in the chart and hopefully you can see the trade better with it.

Notice that overall M15 and M30 have been rising...M30 is definitivey on the rise. You can also see M1 is rising...but we can ignore M1 here for this example.

Just looking at M5 which is falling, you can see your short trade is going to be a short lived trade. The M5 can still fall but I think you can see that M5 is going to be drawn up by M15 and M30 and that we have an elastic situation here. We are much better playing the bottom bounce on the M5 if it reaches below 20 and riding the M5 to about 60-70 to exit.

In this example, the M5 didn't drop to the 20 bar so we would never be in this trade. Our short would be in a much better position later when M5 rises up to about 70 as shown by the red dotted line and is headed back down. M1 would really help here in finding a great entry for the short. But we could use the M5/M15 cross for short here too.

I think if you take a good look at the bars you can see all this very very clearly (even ignoring M1).
Attached Image (click to enlarge)
Click to Enlarge Name: Cindy.gif Size: 87 KB
  • #388
  • Edited 8:35pm Nov 13, 2008 6:26pm | Edited 8:35pm
Ok that makes sense Thanks Spud and JD for your feedback. I think in the end I got a bit impatient on that one.

Nice indicator thanks Skyline. - Doesnt seem to be displaying the price label on mine though hmm
Time hides Nothing
  • #389
  • Nov 13, 2008 11:57pm Nov 13, 2008 11:57pm
good morning spud
i ve a question about the bars maybe my lack of understanding is due to my poor english
im a little confused about the pivot line use and the relation between the different time frames
i ll tell you what i understood
1- i can use anytime frame as a pivot line with another smaller time farme
2- if m15 for examlpe is at 70 line and m5 at the 30 line so we expect m5 to go up
3- if m15 is at 30line and m5 is at 70 line we expect 5m to go down
4- the same can be done with the other time frames

im i right or worng?
thanks
  • #390
  • Nov 14, 2008 12:49am Nov 14, 2008 12:49am
Quoting Jmc
Beautiful! Love the addition of the stoch value within a label. Thanks a ton Skyline.

J
You're welcome Jmc
  • #391
  • Nov 14, 2008 12:50am Nov 14, 2008 12:50am
Quoting Rialto
Mille Grazie, Skyline (Inter) - Ti piace la mia Juve quest'anno? Nice work as usual with regard to the indicator.
Prego Rialto
Beh si la Juve sta giocando bene quest'anno , noi con Mourinho facciamo un pò fatica ma siamo sempre primi per adesso

Cheers,
Skyline
  • #392
  • Edited 5:12am Nov 14, 2008 1:28am | Edited 5:12am
Is anyone else having trouble with Skylines new version of the Stoch indicator with the value label not showing up?

EDIT: Problem fixed if anyone else is having this issue it's because the labels don't display when thres other stochs on your charts - this includes other timeframes try opening up a fresh chart and putting the indicator on that.
Time hides Nothing
  • #393
  • Nov 14, 2008 2:00am Nov 14, 2008 2:00am
Quoting CindyXXXX
Is anyone else having trouble with Skylines new version of the Stoch indicator with the value label not showing up?
Hi Cindy , I wrote you also by email.
I tested it only on IBFX and seems to works fine.
Did you receive some strange error in journal/expert tabs ?
Which broker are you using to test it ?

Cheers,
Skyline
  • #394
  • Nov 14, 2008 2:07am Nov 14, 2008 2:07am
Quoting skyline
Hi Cindy , I wrote you also by email.
I tested it only on IBFX and seems to works fine.
Did you receive some strange error in journal/expert tabs ?
Which broker are you using to test it ?

Cheers,
Skyline
Hey Skyline thanks for your reply
I'm using Interbank FX too - I checked the experts and journals and no error messages. hmm

it says: Stochastic_NoLastBar v2 EURUSD,M5: initialized
Stochastic_NoLastBar v2 EURUSD,M5: loaded successfully

But there are these ones too that seeem to come up when I remove it...
Stochastic_NoLastBar v2 EURUSD,M15: uninit reason 1
Stochastic_NoLastBar v2 EURUSD,M15: deinitialized
Time hides Nothing
  • #395
  • Nov 14, 2008 2:09am Nov 14, 2008 2:09am
Finally setup my charts with all timeframe (IBFX broker).

At this time I cannot see any evidence of long setup , M5 trigger at 8:55 , M15 turns up but still below 20% , M30 still pointing down , H1 and H4 too much high for my taste and still poiting down. M5 price is going sideways.
My conclusion is no long signal so far yet.

Please comment since I'm not sure to completely understand this mtf method

Skyline
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_stoch.jpg Size: 171 KB
  • #396
  • Nov 14, 2008 2:12am Nov 14, 2008 2:12am
Quoting CindyXXXX
Hey Skyline thanks for your reply
I'm using Interbank FX too - I checked the experts and journals and no error messages. hmm

it says: Stochastic_NoLastBar v2 EURUSD,M5: initialized
Stochastic_NoLastBar v2 EURUSD,M5: loaded successfully

Actually thats strange because I'm putting it on a 15m chart and its saying M5
Oh that's weird Cindy !
Could you post a screenshot of indicator with settings ?

Skyline
  • #397
  • Nov 14, 2008 2:15am Nov 14, 2008 2:15am
Hi, I'm getting the same problem, after I attached the indicator my ibfx platform crashes

fedus
  • #398
  • Nov 14, 2008 2:23am Nov 14, 2008 2:23am
Quoting fxcompass
Hi, I'm getting the same problem, after I attached the indicator my ibfx platform crashes

fedus
Very very strange, as you can see from my previous post , I attached it on 5 different charts without any kind of issue on IBFX plaftorm.
Btw I don't want to mess this fantastic Spudfyre thread with question about this indicator, pls contact me by pm/email and I'll try to help as much as I can

Cheers,
Skyline
  • #399
  • Nov 14, 2008 2:24am Nov 14, 2008 2:24am
Quoting skyline
Finally setup my charts with all timeframe (IBFX broker).

At this time I cannot see any evidence of long setup , M5 trigger at 8:55 , M15 turns up but still below 20% , M30 still pointing down , H1 and H4 too much high for my taste and still poiting down. M5 price is going sideways.
My conclusion is no long signal so far yet.

Please comment since I'm not sure to completely understand this mtf method

Skyline
Correct me if I'm wrong Spud or JD but from my understanding H1 is PUlling H4 down and they are both high but they can't come down lower with 15m and 30m oversold so the long is valid

But now as I type it seems we have a short where the 5m has shot straight up over 90 and the 15 and 30 are still under 20 with H1 Pulling H4 down so for 15 and 30 to come up now the 5m needs to drop to pick them up.
Time hides Nothing
  • #400
  • Nov 14, 2008 2:28am Nov 14, 2008 2:28am
Heres a chart - it seems to be an exact mirror of one of Spuds examples he posted earlier in the thread..
Attached Image (click to enlarge)
Click to Enlarge Name: EUR.jpg Size: 151 KB
Time hides Nothing
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