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THV system, final edition

  • #401
  • Nov 23, 2008 2:40am Nov 23, 2008 2:40am
Quoting traderathome
Edit: Added EU chart. Note the Trix axis is floating below the OsMA axis = bias to downside.
On my chart it's below in M1, M15 and W1, MN, flat in M30 (those broker differences in prices...) and above in M5, H1, H4 and Daily... with a 73% up in the overall trend calculation, and the price being above the daily pivot (calculated on friday data) I think it has a slightly better chance to go up (medium/long term) ... but we are indeed at a crossroads by now. For short term I agree though that it could go down first.

I think that the T3 Trix zero Level is a nice addition to gauge the validity of a potential entry... I had already seen such a behaviour with another mix of indicators (if I remember well, CCI and MACD).
  • #402
  • Edited 3:50am Nov 23, 2008 2:45am | Edited 3:50am
Quoting Turhovach
Hi Traderathome -- Just out of curiosity - what parameters are you using for your Ichimoku study? That cloud doesn't look anything at all like what mine does (on either my charting program, or MT4) using the same time period. TIA
While awaiting to see how Cobraforex and you all change this, in an attempt to smooth out the filled cloud I simply set the width to "5" not only for the two cloud fill lines, but also the two cloud outline lines. If there is a better way, please advise. Thanks.

Edit: Added chart. Try this one out.....make cloud border lines "5", but in slightly lighter shade......!
Attached Image (click to enlarge)
Click to Enlarge Name: eu 30 minute #5 on 11-21-2008.gif Size: 42 KB
  • #403
  • Nov 23, 2008 3:22am Nov 23, 2008 3:22am
Quoting traderathome
While awaiting to see how Cobraforex and you all change this, in an attempt to smooth out the filled cloud I simply set the width to "5" not only for the two cloud fill lines, but also the two cloud outline lines. If there is a better way, please advise. Thanks.
On the same indicator, it's the best way...
You can also replace Ichimoku (see post 358) with Ichimoku Kinko Hyo meanwhile (though if placed last, will change HAs and lines colors where the cloud is - by transparency - ... but at least you can see them).
  • #404
  • Nov 23, 2008 3:37am Nov 23, 2008 3:37am
Quoting traderathome
Cobraforex, in the attached chart note the OsMA and Trix axis lines terminate with current candle.....which makes for a chart that is easier on the eyes (reduce unnecessary lines). Another comment is note the Trix axis (white) floats up and down around the OsMA axis (green). A benefit in this is understanding that when the Trix axis is above the OsMA axis, the trend is biased to the upside. When the Trix axis is below the OsMA axis, the trend is biased to the downside. This is additional data to the OsMA picture and the Trix crossings, to help understand...
Hi! May u share your templates and indicators...which in the your scrin.
Thanks
  • #405
  • Nov 23, 2008 4:11am Nov 23, 2008 4:11am
Quoting doblece
On the same indicator, it's the best way...
You can also replace Ichimoku (see post 358) with Ichimoku Kinko Hyo meanwhile (though if placed last, will change HAs and lines colors where the cloud is - by transparency - ... but at least you can see them).
Really, there is not much difference between the two, except in the extremely narrow areas...even then not enough to be of any importance.

First chart is using the THV Ichimoku and the second is using the MT4 built in Ichimoku Kinko Hyo. With the first chart I am showing the two outlining lines in slightly lighter shade than for the cloud filling lines. If it is a choice between the two charts, I prefer the ability to have a lighter shade outline. As far as the difference between the body of the clouds....it wouldn't affect trading decisions.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 30 minute #6 on 11-21-2008.gif Size: 43 KB
Click to Enlarge Name: eu 30 minute #8 on 11-21-2008.gif Size: 39 KB
  • #406
  • Nov 23, 2008 4:20am Nov 23, 2008 4:20am
Quoting fxairy
Hi! May u share your templates and indicators...which in the your scrin.
Thanks
Let's wait for Cobra's template and comments, shall we? I understand he is working this weekend on new template. I do not wish to muddy the water during this timeframe. I will be happy to post with his approval.
  • #407
  • Nov 23, 2008 5:23am Nov 23, 2008 5:23am
Ok waiting for approval )
  • #408
  • Nov 23, 2008 5:33am Nov 23, 2008 5:33am
Hi Cobra,
thanks for sharing your work.
just a small question: i downloaded the system from your website. Is this the same as posted here or should i use that one from first page posted here?


thanks a lot
  • #409
  • Nov 23, 2008 9:34am Nov 23, 2008 9:34am
Quoting lynnette
Thanks Cobra, I think it will be worth doing.
lynnette,

Check out fxpro, they have oil, gold and the DOW and it is a unlimited demo account. Hope this help.
  • #410
  • Nov 23, 2008 10:54am Nov 23, 2008 10:54am
Quoting freemenn
Hi Cobra,
thanks for sharing your work.
just a small question: i downloaded the system from your website. Is this the same as posted here or should i use that one from first page posted here?


thanks a lot
The one from his website should be the latest, although he is working on an update (mostly cosmetic). He will let us know on this thread when it's ready.
  • #411
  • Nov 23, 2008 11:26am Nov 23, 2008 11:26am
Hello All:

Before I pose my question, I want to thank Cobra for sharing this strategy with us, at no cost, and for taking the time out to answer questions...also, the others in this thread that are contributing in a meaningful way...I hope to be able to participate as well...

I wanted to know if anyone notices that from time to time on the chart a small red dot appears in various areas.

I have taken a snap shot of my chart for viewing. The pop up text reads...pr720 and then the respective price...

I searhed back through the chart and it seems that the dot only appears once at a time, and then moves forward at various times...

I hope this is not confusing...

Please let me know your thoughts..

Thanks,

Cashmeer

Strangely enough I was unable to upload the image to this thread so I uploaded it to the following link:

http://tinypic.com/view.php?pic=juxywy&s=4
Deprive a man of everything and you give him nothing to lose.
  • #412
  • Edited 12:52pm Nov 23, 2008 12:06pm | Edited 12:52pm
Quoting traderathome
Note the Trix axis is floating below the OsMA axis = bias to downside.
You are faster than the police allow, lol.

Let’s have a look to my private THV chart. Here I’m trying to improve the performance of the chart overview.
As you may observe I gave priority to the Trix and took the Osma off and added it to my candlestick chart.

The Trix in short words:

The triple exponential average (TRIX) indicator is an oscillator used to identify oversold and overbought markets, and it can also be used as a momentum indicator. Like many oscillators, TRIX oscillates around a zero line. When it is used as an oscillator, a positive value indicates an overbought market while a negative value indicates an oversold market. When TRIX is used as a momentum indicator, a positive value suggests momentum is increasing while a negative value suggests momentum is decreasing. Many analysts believe that when the TRIX crosses above the zero line it gives a buy signal, and when it closes below the zero line, it gives a sell signal. Also, divergences between price and TRIX can indicate significant turning points in the market.

Source: Investopedia

So, we could see that the Trix give us early buy and sell signals that the THV have to confirm, oversold and overbought areas (The blue boxes) and divergence (the green lines). All this makes him a high valued multi task indicator and this change (without OsMA) will be included in the next release on Monday or Tuesday.

The change does not affect the functionality of THV, we have only one indicator less to look at: the OsMA that more disturb the view than giving any great indication.

I would not give too much attention on the difference of the axis of the two indicators you mentioned, I realized in the past that it could let you loose some good trades.
Attached Image (click to enlarge)
Click to Enlarge Name: trix.gif Size: 24 KB
  • #413
  • Edited 1:00pm Nov 23, 2008 12:39pm | Edited 1:00pm
Quoting cashmeer
Strangely enough I was unable to upload the image to this thread so I uploaded it to the following link:

http://tinypic.com/view.php?pic=juxywy&s=4
I was not able to see your chart because it is to tiny on the link you presented.
The point is part of the COG and marks the last candle in the calculation.

How to upload a chart in Forex Factory:


Go to the upper left corner of your MT4 window, select "File" and "save as picture":


http://www.cobraforex.com/other/save%20chart.jpg


Select active chart:


http://www.cobraforex.com/other/save%20chart2.jpg


Select the destination where you want to save the chart:


http://www.cobraforex.com/other/save%20chart3.jpg


Now, in the menu of your reply to the thread select "attachments":


http://www.cobraforex.com/other/save%20chart4.jpg
It popups a windows named "Manage attachments"


Browse to the folder where you saved the chart and select it:


http://www.cobraforex.com/other/save%20chart5.jpg


At the end select "upload", wait till it shows up in the "Manage attachments" window, close the popup window and send your message.


Now you're done

  • #414
  • Nov 23, 2008 12:53pm Nov 23, 2008 12:53pm
Quoting fxstman
lynnette,

Check out fxpro, they have oil, gold and the DOW and it is a unlimited demo account. Hope this help.
Thanks for that, I will open a demo account with them tonight
  • #415
  • Edited 1:37pm Nov 23, 2008 1:11pm | Edited 1:37pm
Quoting lynnette
Thanks for that, I will open a demo account with them tonight
I use to have ODL, FxPro and Alpari as MT4 brokers for charts.

All of them show different Candlestick formations due to the different time they open and close.

For the candlesticks it isn't a big thing but for the Daily pivots yes.

With Traderathome and Doblece we are working on a pivot indicator that can be adjusted to GMT time.

That will be included in the new setup after passing the proove tomorrow.


Here two 4H candlestick charts, the first is ODL, the second FxPro. You see clearly the difference on the candlestick formations.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: odl4h.gif Size: 17 KB
Click to Enlarge Name: fxpro4h.gif Size: 24 KB
  • #416
  • Nov 23, 2008 1:22pm Nov 23, 2008 1:22pm
Quoting cobraforex
I use to have ODL, FxPro and Alpari as MT4 brokers for charts.

All of them show different Candlestick formations due to the different time they open and close.

For the candlesticks it isn't a big thing but for the Daily pivots yes.

With Traderathome and Doblece we are working on a pivot indicator that can be adjusted to GMT time.

That will be included in the new setup after passing the proove tomorrow.

I am not sure if this will help...

These are indicators that I use for pivot points...if your chart is set to EST, then in the start hour you need to put - 5...there are two indicators..one for the Pivot Point , R1, R2, R3, S1 S2 S3 and then one for the medians..M1,2,3,4,5 and six... I think...

I hope this is helpful...!
Attached File(s)
File Type: mq4 AIME M-Pivots.mq4   16 KB | 1,131 downloads
File Type: ex4 AIME M-Pivots.ex4   8 KB | 907 downloads
File Type: ex4 AIME Pivots.ex4   8 KB | 936 downloads
File Type: mq4 AIME Pivots.mq4   16 KB | 1,060 downloads
Deprive a man of everything and you give him nothing to lose.
  • #417
  • Nov 23, 2008 1:39pm Nov 23, 2008 1:39pm
Quoting cashmeer
I am not sure if this will help...
I hope it does, at least on my back test it does but we want to make it sure on real time.

Thanks for your indis, will have an eye on them.
  • #418
  • Nov 23, 2008 1:42pm Nov 23, 2008 1:42pm
The Red dot is where the Center of Gravity indicator starts to count the number of bars. Is the begining of the COG.
  • #419
  • Nov 23, 2008 1:46pm Nov 23, 2008 1:46pm
Quoting traderathome
Really, there is not much difference between the two, except in the extremely narrow areas...even then not enough to be of any importance.

First chart is using the THV Ichimoku and the second is using the MT4 built in Ichimoku Kinko Hyo. With the first chart I am showing the two outlining lines in slightly lighter shade than for the cloud filling lines. If it is a choice between the two charts, I prefer the ability to have a lighter shade outline. As far as the difference between the body of the clouds....it wouldn't affect trading decisions.
Ok ) I see, that Cobraforex approval your system. Maybe I am wrong?

Plz share your templates and indicators)
  • #420
  • Nov 23, 2008 1:54pm Nov 23, 2008 1:54pm
Quoting fxairy
Ok ) I see, that Cobraforex approval your system. Maybe I am wrong?

Plz share your templates and indicators)
YOU ARE WRONG

I was writing on reply of the post of Traderathome:

I would not give too much attention on the difference of the axis of the two indicators you mentioned, I realized in the past that it could let you loose some good trades

The difference of the axis of both indicators is not part of the system and will not be as well!!

Please wait till we release the new template, it is worth to do so.
Till then you can work with the actual template.
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