THV system, final edition | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

THV System Trades & Patterns Thread 857 replies

THV 4 system with SAH; My Trading Journal 163 replies

Bow's trading journal (THV, Hmaoui simple system) 4 replies

My Journal - Based on THV V3.0 by Cobraforex 30 replies

the vouchers - THV System 2 replies

Attachments: THV system, final edition
Exit Attachments

THV system, final edition

  • #181
  • Nov 17, 2008 2:28pm Nov 17, 2008 2:28pm
Quoting doblece
But I don't understand why you think there is a "problem" at all...

It is impossible to get THE UNIVERSAL pivot price as this difference among brokers and timezones will always give different results.

The ideal scene would be some website who will analize each and every platform prices and make an average from it... but I'm afraid that they'll only be basing their calculations on their own price feed (most probably directly from the source).

This is why I would like to stress the fact that it isn't a single line price but a ZONE (much like...
I just wanted to make sure I didn't have a problem with my system somehow. I realized also that the midpoint between "my" pivot and R1 is actually very close to "cobra's" pivot. So even though that is not THE DP, it still acts as a pivot. What's funny though is that cobra and I have the same broker and time zones for MT4, though he may be live and I'm on demo. So I will leave it as is and work from there. Thanks everyone for your input.
  • #182
  • Nov 17, 2008 2:32pm Nov 17, 2008 2:32pm
I think we need to wait until a coder comes by and help us to add an GMT or hour shift function on the original THV pivot indicator.

I have several pivot indis that have the shift but they are no Fibonacci pivots and have other calculation.

At the end it would be fabulous if we all have the same values on the chart, no matter what broker we use.

Hope somebody can help on that soon.
  • #183
  • Nov 17, 2008 2:46pm Nov 17, 2008 2:46pm
Quoting cobraforex
I think we need to wait until a coder comes by and help us to add an GMT or hour shift function on the original THV pivot indicator.

I have several pivot indis that have the shift but they are no Fibonacci pivots and have other calculation.

At the end it would be fabulous if we all have the same values on the chart, no matter what broker we use.

Hope somebody can help on that soon.
Yes that would be great, but no big concern on my part. At least I learned something.
  • #184
  • Nov 17, 2008 3:12pm Nov 17, 2008 3:12pm
Quoting TradeWell
What's funny though is that cobra and I have the same broker and time zones for MT4, though he may be live and I'm on demo.
Check your H-L-C prices for last friday with my earlier post. You should have either one or the other - or approximatively - that will explain.
  • #185
  • Edited 3:35pm Nov 17, 2008 3:19pm | Edited 3:35pm
Quoting cobraforex
I have several pivot indis that have the shift but they are no Fibonacci pivots and have other calculation.
The time shift is based on server time and shouldn´t involve itself in the pivot calculation so maybe something like Time equal Time + or - "x" where x is the difference needed for the server time to become GMT or any other time you would like to set the indicator to... and with an external variable that could be changed for it. Shouldn´t be that difficult... I am going to see the code and will try some experiments this weekend...

Edit: seems more complicated than what I thought as in fact for a flexible shift the daily "candle" would involve the open price of the hourly candle for that time, and the close price of the 24th hourly candle after that one plus the high and low of that particular range. This will bring problems on sundays and fridays too... Going to make a search to see if there is any multi TF or Hourly Pivot calculator - that would give us some idea of the handling, the formula is not a problem because it is completely defined, only the references to one or the other candle would have to change.
  • #186
  • Nov 17, 2008 3:57pm Nov 17, 2008 3:57pm
Well, PA is lazy for the moment; let’s have a look to a trading example on 5M from today

Square A was a setup to trade but I would not have taken it because the confirmation candle was too closed on S2, once it got broken and retested was the perfect entry on square B, the candles have been almost all large during the rally even on overbought levels.
TP after touch of daily pivot on red square, cross of aqua T3 line and candle color change.

Than in the same red box was another entry point referring to the rules but I would not have taken that trade because after a move like this it’s obvious that we see a little retrace.

Than price got choppy a moment what is also normal after a rally and finally the hull got inclined and we have seen another bear trade opportunity square C. Finally we TP on on touch of S1 the red square, candle color changed and price crossed aqua T3 line.

There have been another good setup today on the latest bear move but let’s leave it for today with those examples.

Attached Image (click to enlarge)
Click to Enlarge Name: t5.gif Size: 32 KB
  • #187
  • Nov 17, 2008 4:03pm Nov 17, 2008 4:03pm
Found something here:

http://www.forexfactory.com/showthread.php?t=5538

Time-Adjustable Pivots

Will read again as the code is giving me a slight headache lol... but might be the answer.

In any case, even if synchronized to the same close hour, remember that we will always have discrepancies as to the H=L=C prices for every different broker so it will be difficult to have exactly the same PP prices...
  • #188
  • Nov 17, 2008 4:08pm Nov 17, 2008 4:08pm
Quoting doblece
Edit: seems more complicated than what I thought
Doblece, I found the solution

Why the ones that really want to work with THV don't open an account with IBFX or some other with the correct time and we will have a headache less until a coder comes by and may help us in that issue that no is an issue (mine and yours and many others are working fine).

It is simpler to open a Demo account than solving that problem technically because we aren’t too good in coding.
  • #189
  • Nov 17, 2008 4:21pm Nov 17, 2008 4:21pm
Pivot is not an issue for me anyway though it would be great that everybody has the same prices displaying

What would be nice is to find a really Time=Adjustable and Multi-TF Multi-Pivot indicator żwhich would include all the types and formulas? - and I am certain that someone else has thought about this before myself... so I´m on the look meanwhile... I tested that indi on the thread above and if set to FxPro server time - GMT+2 presently - it displays on ODL for Monday almost the same PP price - 1.2663... though then if set to 0 hour at ODL server time, PP shows at 1.2677 and not 1.2698 as the other one... oh well... we´re kind of drifting away of the main subject which should be the THV system, anyway... so let´s go back to it ASAP
  • #190
  • Nov 17, 2008 5:32pm Nov 17, 2008 5:32pm
Quoting doblece
Check your H-L-C prices for last friday with my earlier post. You should have either one or the other - or approximatively - that will explain.
I've been overcome with simplicity! Of course! :

11-14: (H:1.2798 + L:1.2572 + C:1.2605) / 3 = 1.2658, which is what I show on my charts. So the discrepancy is in different data feeds, for whatever reason. Simple math...
  • #191
  • Nov 17, 2008 5:57pm Nov 17, 2008 5:57pm
Quoting TradeWell
I've been overcome with simplicity! Of course! :

11-14: (H:1.2798 + L:1.2572 + C:1.2605) / 3 = 1.2658, which is what I show on my charts. So the discrepancy is in different data feeds, for whatever reason. Simple math...
"What is essential is invisible to the eye"
- Antoine de Saint-Exupery = "The Little Prince" -
  • #192
  • Nov 17, 2008 6:17pm Nov 17, 2008 6:17pm
In this moment came in the email from FerruFX:

the pivots are based on daily bars so you can't change this. It will always use the server broker time candles.

That makes any intent to get them working on other broker times worthless.
So only chance is to open an Demo account with a London Time broker.

Good night all
  • #193
  • Nov 17, 2008 6:26pm Nov 17, 2008 6:26pm
You could always make a complicated calculation using 1 hour bars... but it would be very complicated indeed. Better to use the same platform - for those who wish to have same figures everywhere -.
  • #194
  • Nov 17, 2008 6:31pm Nov 17, 2008 6:31pm
Quoting cobraforex
Wellcome Bernhard.
I have a COG since more than one year on my charts, I will explain during the week why.
here the single Colored RSI
can you start to explain it?
what parameter setting for COG? because i see your COG slimmer than mine
Thank you again
  • #195
  • Edited 7:22pm Nov 17, 2008 6:34pm | Edited 7:22pm
Quoting jes9x
can you start to explain it?
what parameter setting for COG? because i see your COG slimmer than mine
Thank you again
It's not time yet, I will go through each indicator involved in THV with the time.

Mine is slimmer than the usual ones because I trade low time frames.

Here the settings
Attached Image
  • #196
  • Nov 17, 2008 6:36pm Nov 17, 2008 6:36pm
Today's pivot has been calculated on my MT4 as 1.2632. I saw ak4x's at 1.2633. ActionForex is 1.2634. If everyone else is roughly the same, then the weekend cutoff calculations may be at the root of the pivot discrepancies. In that case I would just manually put those on my chart on Mondays.
  • #197
  • Nov 17, 2008 6:36pm Nov 17, 2008 6:36pm
a certain snake asked for my perspective on usd/chf therefore im posting chart here


we have had a looong uptrend started a few weeks ago that clearly developed into a channel with a clear middle wall. strong resistance was met at 1.2000 which now acts as the middle wall resistance of the uptrend as well. conclusion...we break that 1.2000...we will see alot more up movement...careful with spikes up. the issue of an inverted h&s was brought up but i see it more of as a continuation of the pattern..nothing more.

Attached Image (click to enlarge)
Click to Enlarge Name: current.gif Size: 40 KB
Different opinions highly valued, ignorant to slander.
  • #198
  • Nov 17, 2008 6:40pm Nov 17, 2008 6:40pm
Pivot for today

R3=1.2773
R2=1.2719
R1=1.2632
DP=1.2544
S1=1.2544
S2=1.2490
S3=1.2403

Huge room for to play with
  • #199
  • Nov 17, 2008 6:41pm Nov 17, 2008 6:41pm
can someone please tell me how to move the objects and indies from the right side of the chart to the left side? they are over the candles and i can't see what is going on. i tried deleting them but they pop back up.
  • #200
  • Edited 6:56pm Nov 17, 2008 6:45pm | Edited 6:56pm
Quoting psiholog
a certain snake asked for my perspective on usd/chf therefore im posting chart here
Thanks PSI for your insight, the USD/CHF correlates with E/U reversal, so we have a global idea of the situation.

Please come back as much as you can to give us your opinion.

You are a clean chart trader and that is part of THV and any other system, folks can learn a lot from you.
8 traders viewing now