THV system, final edition

Using 2/5/8 parameters......here is current 5 minute EU chart.
Edit: and second chart uses the standard MT4 Ichimoku Kinko Hyo indicator.

Well, my question still stands. Using settings of "2" for metaquotes source server 2hrs ahead of GMT and taking data midnight to midnight, by using "-5" for destination, I was effectively shifting the midnight to midnight period by 7 hours. When it is midnight at Metaquotes it is 5pm my time. By shifting it to 7 hours later, I am reselecting midnight to midnight my time (NY/EST). So my question still stands.....why do I have a Yesterday line at midnight last Friday (correctly so) but a today start line at 5pm EST when it should not be until Midnight EST??????

Excuse me for interrupting and I may be off base, but doesn't the trading day start at 5pm EST? So right now we are trading the 24th, and 24 hours from now we will trade the 25th etc....

That is not the point. The point is the indcator says it will draw the yesterday and today lines 24 hours apart and starting with the time you select by entering the server time (source) and destination time. It did not do this!

Well here are my settings for SDX-TzPivots: Local TZ: -2, Dest TZ: 0. Don't ask me how I figured it out; it was trial and error. It seems to establish correct pivots, except on Sunday (Monday). I do those manually. I have been watching it all week and comparing my pivots and they seemed to be correct. Hope that helps. You are not kidding that can be confusing for people. I still can't figure it out, as to why my settings work.

Can you post which is your broker and which session are you starting with (NY, GMT, other) so we can build a table? Thanks!

Ah, and also if you have a sunday candle or not.

Broker: ODL
Server uses GMT
No Sunday candle

Well, time for the release of the new template, the THV V1 version.

Improves are the following:

Better visibility due to the change of the Ichimoku cloud to a shadow.

I took the OsMA off for better observation of the T3 Trix indicator, I added levels to the Trix, 0,0003 for scalping on 1M and 0.0005 for higher TF’s until 1H.
I will not bite if someone doesn’t want to miss the OsMA and drag it into the indicator window; I have it on my candlestick chart.

The candle time indicator is changed also, but if someone is happier with the previous one, just add it.

We used now the V3 1.1 pivot indicator version that Traderathome modified for us (thanks also to Shimodax for core coding this indicator) and may be we will update it to the V3 1.2.3 version once we tested it well. Till now we have an error code on a special setting and want to wait till this issue get solved. Untill then we use the original Fibonacci Pivot THV indicator.

You can now shortly switch to candlesticks on the upper MT4 menu and will see the candle shadows until you switch back to line chart, the candles have the same color than the HA candles.
http://www.cobraforex.com/other/switch.jpg

I left the COG indicator beside for the moment, I need to forward test it more to give clear rules on that indicator. Who wants to add it, it is in the additional indicators folder together with the OsMA, L THV4 and FerruFX multi indicator..

The rules label is cleaned up a bit and if you want to add it as a reminder just do so, it is the L THV4 indicator.

Just download and overwrite the previous THV indicators, in the first page we have instructions on how to setup the system.

At the end we changed nothing of the principal system; the improvements are more cosmetically than technical to have a clean, stress less chart.

This is the download link to my website shown on my profile (only there we had 3460 downloads until now), this post I can't update after 24 hours but my web yes. So please click DOWNLOAD.

http://www.cobraforex.com/other/down.gif

Happy download and Pip hunting

Your basic template should look like the one below (nice 130 pips trade on E/Y ):

Thanks!
So you're starting your session at server time -2 (or GMT 22:00), which minus 5 hours gives us NY EST 17:00. Great!

Still puzzled with all this, but I'll find out.

I am with FXDD/Metaquotes server GMT +2/local time (destination NY/EST). I can input 0,0 or 2,2 and get Separators 24 hours apart, but based on midnight to midnight Metaquotes time/5pm ESt to 5pm EST local (N/EST) time. But if I switch to 0,-5 in attempt to get separators 24 hours apart based on midnight to midnight local time, I get YESTERDAY at the correct time and I get TODAY at 5pm local instead of midnight....not 24 hours apart. And there is no daily candle for Sunday.....starts with Monday Candle 11/24/08.

For the ones that can’t or don’t want to have the eyes always on the chart, here a T3 Trix signal indicator that gives a sound, popup and point on chart alarm.
Once it gives an alarm, it is time to see if you stay in the trade or just buy or sell -analyzing before the THV template.

SDX-SweetSpots_v4:

This upgrade does away with the two fixed levels at the whole and half numbers, and
allows the user to input up to four different levels of choice. By default, the
first level is set to the whole number (input "0"), the second level is set to the
half number (input "50"), the third level is set to the quarter (input "25") and the
fourth level is set to three-quarters (input "75"). The user can change these.
The user can select for each line the line style, line thickness (for solid lines),
and the line color. And now each line can be separately toggled on/off with the
"true/false" switch. The Range selection feature recognizes that the current price
is in a base range bounded by upper and lower whole numbers. A selection of "0" for
"RangesAboveBelowBaseRange" will fill out this base range with the selected lines.
A selection of "1" for "RangesAboveBelowBaseRange" will also add a full range of the
lines both above and below the base range. A selection of "2" will place two full
ranges of lines above and below the base range, etc. As the price crosses whole
number lines, the indicator appropriately deletes old and adds new ranges of lines.

Enjoy.

Hello,

I'm not sure if the new updated system is posted yet? Can someone please help me out.

Yes it is. Go back a few posts.

That indicator is great for the 00 - 20 and 80 - 00 trades from acumen, shown several times in the EUR/USD thread. I have it setup on my candlestick chart.

Another great work from Traderathome.

Indeed, I have the same settings for FxPro (same time zone).
I am testing other session starts (like for example London (GMT+1) or Zurich (GMT+2)) and as well as for the others, if I want a specific time there is always a 7 hours additional range or the whole range is higher than 24 hours (be it on ODL without sunday candle or on FxPro with it).
I'm trying to find in the code where could this additional time come from but the time calculations are quite hermetic.

What I don't understand is that, to be correct with the broker time and setting it on "0" for ODL and on "2" for FxPro, the setting to have NY time session start (17:00 EST) is "2" for both. This would be "correct" in regard to GMT (as independently of which time zone is the broker in, EST is "always" GMT-5. However, if adding hours to this setting to have, for example, a session start at London open (which per FF market hours starts at 3:00am EST thus 10 hours later than the time equivalent to a "2" setting) if I place a "12" (2+10) it gives me a completely crazy outcome on both platforms. If I place the "normal" setting which would have to be +1 it indeed gives me a 01:00 time on the broker... which is London 00:00 (on FxPro) and a 23:00 GMT on ODL, so this is correct as to the start of day from 00:00 but then... why NY time only needs a setting of 2 and starts at 17:00 EST? (00:00 GMT ODL - 22:00 GMT FxPro) having a 6 hours difference with London time?

I will retest all this tomorrow when there's not anymore the issue of the sunday candle. However, the problem exists as well on ODL which hasn't any. If anyone has the clue to this, please let us know.

I’m very happy with mine, they show the same like the original THV Fibonacci Pivot indicator and have the mid pivots added. The PA is respecting the levels like never before.

SDX-TzPivots_v3:
My apologies to Shimdax for saying a non-standard formula is used in the original.
The formula used is not the standard formula for Fibonacci Pivots, but it is the
standard formula for Daily Pivots. Both formulas are resident in this revision which
the user can select in the indicator window. All the main pivot lines individually
have color, style, and solid line thickness selection (overrides non-solid lines
when greater than "1"). The Central Pivot line label shows "Daily" or "Fibonacci",
depending on which was chosen. The MidPivots feature is added back and now includes
line style and color selections. The feature to select lines that do not display
across the entire screen is added back, but may still show lines across the screen
on small timeframe charts when the "startofday" for calculations is already off the
left side. Coding of lines and labels is enchanced. The selection to NOT display
across the entire screen assures the lines and labels cannot exceed (to the left)
the "today" Period Separator, regardless of a higher "MoveLabel..." setting. Period
Separator labels "Yesterday" and "Today" now have color selection.

HoursMT4TimeZoneFromGMT:
Enter the number of hours difference between the MT4 server time zone, and GMT.
For example, FXDD uses a server that is two hours before GMT, hence enter "2".
If the server is in NY, 5 hours after GMT, you would enter "-5" ("-4" during
DST). Use default value "0" for normal, non-time shifted pivot calculations.

HoursSelectedTimeZonefromGMT:
Enter the number of hours difference between your selected time zone to start
the day (as regards the indicator's calculations), and GMT. For example, if
you wish to have the day start at NY time, then enter "-5". If you wish to
have the day start at Zurich time, then enter "1". Use the default value of
"0" for normal, non-time shifted pivot calculations.

Show_1Daily_2FibonacciPivots:
Either formula can be used to produce the main pivot lines.

Resistance/Central/Support Pivots:
Coding enhancement allows user to select color, style and solid line thickness
individually. Style entries: 0=solid, 1=dash, 2=dashdot, and 3=dashdotdot.
A thickness setting greater than "1" will override any non-solid style setting
and display a solid line of that thickness selected.

MidPivots:
Select color and style for these lines and turn them on or off.

YesterdayTodayLabelsColor:
Color the "Yesterday" and "Today" labels for the Period Separator lines.
These labels will display when the Period Separators are selected.

PeriodSeparators:
Enter the color and line style of choice for the Period Separators.
The choice of "true" will place a pair of vertical lines on the chart showing
the start and stop of the new 24 hour period you have selected for calculating
pivots. Choosing "false" cancels display of the pair of lines and their
"Yesterday" and "Today" labels.

PivotLineLabels:
Enter the color and font size of your choice.

FullLinesWithMarginLabels:
"true" displays lines across entire screen with labels in the right margin.
"false" displays lines starting at the "Today" Period Separator.

PivotLineLabelsIncludePrice:
Lines are always labeled R#, PV, or S#, but selecting "true" will add the
price. Remember, on full screen lines, even if the price is not displayed
it appears in the line label in the right margin of the chart.

MoveLabels_LR_IncrDecr:
Increasing the number moves the line labels to the left on the chart.
Decreasing the number moves the line labels to the right on the chart.
This feature is inoperative in the original indicator. If "false" is selected
for "FullLinesWithMarginLabels", the labels will only display to the right of
the "Today" Period Separator, no matter how large a number is input.

ShowComment:
If "true" then key prior day and current day data appears in upper left of chart.

Enjoy.
- Traderathome, November 24, 2008

Indeed, really to the pip.

Are you referring to it missing R2 = 1.2678 by just one pip?