I am very curious John, because of the high quallity posts you allready have done on this thread. Thanks for your generosity for sharing your insights!
kino can you explain the cci rsi v5 and how it works? the triggers ?are they the arrows ? ect what is the pale green line and what is the dark blue ? also anyone using it plse more info thanks
Would you mind confirming what the dark blue line is on the cci v 5
indicator?
sorry...ok so with defaults the blue is the 34 cci and the other is the 170
correct? So do people like using it on 5 min with those defaults
or to go with the other indicators do you use this indi with 21/89
settings instead?
Would you mind confirming what the dark blue line is on the cci v 5
indicator?
sorry...ok so with defaults the blue is the 34 cci and the other is the 170
correct? So do people like using it on 5 min with those defaults
or to go with the other indicators do you use this indi with 21/89
settings instead?
Thanks everyone
Brian
Ignored
go post 1337 & above please for explanations
now the best settings are 24 and 79
(golden i've sent to you a PM)
i will make changes next week
bye all
Would you mind confirming what the dark blue line is on the cci v 5
indicator?
sorry...ok so with defaults the blue is the 34 cci and the other is the 170
correct? So do people like using it on 5 min with those defaults
or to go with the other indicators do you use this indi with 21/89
settings instead?
Thanks everyone
Brian
Ignored
don't trust arrows all the time , only indications that good conditions are met but not graved on stone , but you can prepare to trade at those moment according whith others indic or pivots or ...
kino
Since we are on this indi.. do you have recommended setting for 1 hr time frame Kino? or any others who use it rt on 1 hr..I have a different setup I would love to use this with, fmi.
How to use kino T3MA Ribbon Filled in FX-50 Scalping System……
We are familiar with filtering zones, like that of MTF Has Bars and all kinds of other bars to determine influence of higher TF’s on trade setups. Thanks to Kinonen who developed the ribbon version of T3MA it’s now possible to have a different view on tradingzones versus non trading zones immediately in the chart itself.
About a year ago I came across a trading system using T3MA’s very intelligently (trendtrading http://www.forex-tsd.com/suggestions...e-mtf-has.html), developed by Radatats. So for all the fundamentals on T3MA’s you have to go there…..
Using this system for quite while I noticed that if one would use two T3MA’s instead of one…. It’s easier to determine better trade setups, because now you could notice how price rises up out of the zone between them……… or falls out of this zone. Quite often you can see here the formation of triangles before price breaks out!
My reasoning regarding all of this is the simple conclusion that at each TF level there are traders that move fast and there are others that move slow. When price arrives at a high probability trade the majority of fast movers at each level tend to enter and exit a trade near the faster T3MA and the majority of slow movers tend to enter and exit trades near the slower T3MA of the ribbon…. The rest of the traders trade in chaos, using all kinds of different timing. This results in higher grades of support and resistance right at the edges of the ribbons. Example: when you see price f.i. fall out the Green TF1 ribbon line and next it retraces towards this Green line and next being rejected this is most of the time the start of high probability trade. Example 3 shows the beginning of such a trade…. Three bouncing retracements in a row at a very narrow TF1 ribbon Green and Red line very Close = High resistance.
In fact in my FX-50 Scalping setup the fundamental go / no go of a trade is still also being determined by #Kino_CCI_RSI_v5…. So nothing new there, though I strongly advise to always check for divergencies as well…. Crossing of the Blue CCI and Gray CCI near the zero line are the better indications for starting a trade. A continued trade is usually possible when the Gray CCI stays on the same side of the zero line and the Blue CCI crosses again in the same direction….. or sharply rises or falls out of the Gray CCI in the same direction….
New in this setup is, that there are three T3MA ribbon zones visisble: a TF1 ribbon (darkest colours, edges red and green), a TF 5 Ribbon (less dark colours ) and a TF 15 ribbon (yet lesser dark colours). This is all calculated in a similar way as in the Rads System….. just by multiplication. The TF 15 zone has been adjusted a little for Volume Factor. Using higher TF zones is not useful for our Scalping purposes…. Therefore these are left aside.
Zone Characteristics:
1. When price rises from or falls out of all three zones at the same time (especially when they are very narrow and close together) it’s going to be a high probability trade. Price goes into black area. These are by far the best trade setups….. for the simple reason that there is no price rejection by one of the other ribbons !!!! Look at example in chart 1.
2. When price rises from TF1 ribbon and TF1 ribbon starts rising above TF5 and TF15 ribbons (Strong Uptrend), it’s very likely that this breakout to the upside will present more than one trade. Most of the time two or three trades are possible here. The same goes for the opposite direction when price falls out of TF1 ribbon and TF1 ribbon falls under both TF5 and TF15 ribbon (Strong Downtrend)….. now check #Kino_CCI_RSI_v5 and look for more than 1 Short trade in a row.
3. When price goes from one zone (say TF1) towards another (say TF5) look for support or resistance on the edges. Look at Chart 2. Usually a zone can be entered by price when a zone is widening and price will be rejected when a zone is narrowing. When a Zone is very narrow resistance/ support will usually be high, though price crosses with ease right at the center crossing of a ribbon (i.e at crossing of ribbon lines of that specific TF ribbon. Most of the time this will be the case with TF1 Ribbon when this happens).
4. Trading in the space between Ribbon Zones (i.e. in black area) usually too presents good trade setup possibilities when price is not (immediately) going to be rejected by a nearby Ribbon or a pivot, etc. The wider the black space between the zones the better the chances for a good trade setup….. yet always verify any trade at the same time with #Kino_CCI_RSI_v5 and strength of divergency.
5. Trading inside a wide opened zone (say TF15) is also possible, For instance when trading GBPJPY you will notice this zone quite often to be very wide. Now when TF1 ribbon has entered and price rises or falls out of TF1 ribbon…… and simultaneously TF5 ribbon being at sufficient distance for price not to be rejected….. price quite often will rise or fall to the other side of the TF15 ribbon. Example 4: Trade starts inside TF15 ribbon on support of both TF1 and TF5 Ribbon.
I have also inserted Kijun 25 Royalblue and Tenkan 13 Red dotted lines for Tradeguidance and optimizing trade entrance and exit.
The dots in the chart are derived from a BraintrendSig indicator which I have modified just a little and called BraintrendSig3.mq4. The number of dots now are highly reduced and the dots that do appear are most of the time in line with the first appearing green or red bar on #Kino_CCI_RSI_v5 and quite often also in line with the arrows here. Red dots are only useful when in or going in a downtrend. Lime Dots are only useful in the opposite situation..... going up or in an uptrend.
I hope you like this different FX-50 Scalping setup and hopefully it also will contribute to your trading skills and revenues !
BTW the indicators and template are in my next post.
Thanks John, is looking very good - just noticed that the braintrend3 appears not to be working - does it need another indi its calling on?
Regards
Pardy
Ignored
Sorry, at first glance I thought it was calling on another Braintrend Indicator. In the meantime I have opened BraintrendSig3 in Metaeditor and couldn't find any indicator it could be calling on......
Next I have removed all the possible Braintrend Indicators from the indicators file and still I have the dots on all my charts....
Sorry, at first glance I thought it was calling on another Braintrend Indicator. In the meantime I have opened BraintrendSig3 in Metaeditor and couldn't find any indicator it could be calling on......
Next I have removed all the possible Braintrend Indicators from the indicators file and still I have the dots on all my charts....
Anyone else can help us here?
John
Ignored
Thanks a lot... Mr John Edwards....
Very detailed explanation and informative too..... Thanks for sharing your valuable knowledge.
John, a very big thank you for your contribution and added system improvement. I just came home and have to go away again, so I don't have time to study on it right now but I am very interested in learning your approach. Thanks again!
Next I have removed all the possible Braintrend Indicators from the indicators file and still I have the dots on all my charts....
Anyone else can help us here?
John
Ignored
Maybe Braintrend is not in the template?
When I try to attach the indicator to the chart, this won't work. so it's possible that the indicator has a problem in the code.
I like what you did too. But would it be possible to post more examples so that I or we can get a better picture on what you mean with your template. I understand what you are saying in your post but me personally, would like more of your explanatory pic's.
Maybe Braintrend is not in the template?
When I try to attach the indicator to the chart, this won't work. so it's possible that the indicator has a problem in the code.
Ignored
I think it is calling on the indicator below. Put in the map "include" under experts........ so in metatrader/experts/include
Hope this helps..... otherwise I haven't a clue.
John
