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THV system, final edition

  • #11,041
  • May 28, 2009 6:44am May 28, 2009 6:44am
oh, that's a nice idea. I actually did a new version that
hasn't been released yet that lets you choose in
addition to what there is now classic thv (f above slow and
above 0 ) or semi classic (f above slow) but what
you show here is an even better way to show it.

I will work on it next chance I get.

Thanks for the idea!

Quoting MCFly
Hello Cobraforex, MissPips,...

I have a question. I know that you all do a great job and how much time you spend in developing and programming all the indicators. But what I want to know is if it's possible to include the following idea into the trix mtf indicator:

At the moment the trix mtf indicator shows the current color of the slow and fast trix on higher or lower timeframes. But I think it would also be nice to see if the fast trix is above or below the slow trix on other tfs. In the picture that I attached you can see the 4 tf has indicator....
  • #11,042
  • May 28, 2009 6:52am May 28, 2009 6:52am
Quoting SpecialEd
I just keep other charts open, with regular candles. I do most of my analysis on those.
So what are the HA candles good for then? It is the first time I use them and they confuse me more as they help it seems. I read about them on investopedia but that did not really help much...
Trading Makes Money!
  • #11,043
  • May 28, 2009 7:18am May 28, 2009 7:18am
Quoting Cencored
So what are the HA candles good for then? It is the first time I use them and they confuse me more as they help it seems. I read about them on investopedia but that did not really help much...
Best I can recall from Cobra in the early days was that the HA's show the trend better. For strong action, you'll see longer candles. Conversely, for action that is faltering, the candles get shorter. I got used to them and actually prefer them on my THV charts. Wouldn't change that, but also like the regular candles for other analysis.
Up or down, gimme a ticket
  • #11,044
  • Edited 8:06am May 28, 2009 7:53am | Edited 8:06am
I use HA Bars Offchart (you need HeikenAshi_DM also for it to work because those happen to be the candles I like and the source is not available). It puts
one row of lights according to whether the HA candle is red or green, and then you can leave the regular candles on. This is the best solution I found yet.) If you want to watch a longer period HA you can change the period.

Quoting Cencored
I realize with the HA candles it is easier to spot trends, but is it possible to entirely trade this system with regular candles?
I find it hard to concentrate on candle patterns with HA candles...
edit: especially when trading on a higher tf like the M30 or H1, does it still make sense there?
Attached File(s)
File Type: ex4 HeikenAshi_DM.ex4   4 KB | 659 downloads
File Type: ex4 HAS BarOFFCHART A.ex4   5 KB | 654 downloads
File Type: mq4 HAS BarOFFCHART A.mq4   5 KB | 750 downloads
  • #11,045
  • May 28, 2009 8:25am May 28, 2009 8:25am
Quoting MissPips
oh, that's a nice idea. I actually did a new version that
hasn't been released yet that lets you choose in
addition to what there is now classic thv (f above slow and
above 0 ) or semi classic (f above slow) but what
you show here is an even better way to show it.

I will work on it next chance I get.

Thanks for the idea!
I'm happy that I can give a little bit back

Cencored maybe you'll try RandyCandles.
  • #11,046
  • May 28, 2009 8:42am May 28, 2009 8:42am
Quoting MCFly
I'm happy that I can give a little bit back

Cencored maybe you'll try RandyCandles.
Randy...what?
Trading Makes Money!
  • #11,047
  • May 28, 2009 8:47am May 28, 2009 8:47am
Quoting MissPips
I use HA Bars Offchart (you need HeikenAshi_DM also for it to work because those happen to be the candles I like and the source is not available). It puts
one row of lights according to whether the HA candle is red or green, and then you can leave the regular candles on. This is the best solution I found yet.) If you want to watch a longer period HA you can change the period.
Thank you so much MissPips, so you are using regular candles as well?
I deleted THV3 HA and switched to regular candles. After adding HeikenAshi_DM I am seeing a mixture of HA and reg. candles, why do I need to add HA_DM again?
I also added HA Bars offchart, which seems to work fine.
With those lights I can still see if there is a trend as it shows me the color of the HA bars as lights, correct? Neat
Trading Makes Money!
  • #11,048
  • May 28, 2009 8:50am May 28, 2009 8:50am
Quoting Cencored
Randy...what?
It's a combination of bar charts and HAs
Attached File(s)
File Type: doc Randy Candles.doc   500 KB | 1,025 downloads
  • #11,049
  • Edited 11:13am May 28, 2009 10:35am | Edited 11:13am
You don't need to add HA_DM - it just needs to be in the indies
folder. I use two charts - on my analysis chart there are
regular candles and on the other there are HA candles.
I use the HA bar on both - just makes it easier to see the
trend next to the histograms.

Quoting Cencored
Thank you so much MissPips, so you are using regular candles as well?
I deleted THV3 HA and switched to regular candles. After adding HeikenAshi_DM I am seeing a mixture of HA and reg. candles, why do I need to add HA_DM again?
I also added HA Bars offchart, which seems to work fine.
With those lights I can still see if there is a trend as it shows me the color of the HA bars as lights, correct? Neat
  • #11,050
  • May 29, 2009 5:12am May 29, 2009 5:12am
No one posted anything today or is my forexfactory acting strangely?
Deprive a man of everything and you give him nothing to lose.
  • #11,051
  • May 29, 2009 5:23am May 29, 2009 5:23am
Quoting MissPips
You don't need to add HA_DM - it just needs to be in the indies
folder. I use two charts - on my analysis chart there are
regular candles and on the other there are HA candles.
I use the HA bar on both - just makes it easier to see the
trend next to the histograms.
Thank you MissPips,
I am actually starting to get used to them as long as the analysis is being done on the Anal template it is not too bad.
How can I exactly make use of the RSI on the Anal template, is there some info on that part?
Thanks again!
Trading Makes Money!
  • #11,052
  • May 29, 2009 5:27am May 29, 2009 5:27am
What do you mean by RSI? It isn't part of THV as far as I know.


Quoting Cencored
Thank you MissPips,
I am actually starting to get used to them as long as the analysis is being done on the Anal template it is not too bad.
How can I exactly make use of the RSI on the Anal template, is there some info on that part?
Thanks again!
  • #11,053
  • May 29, 2009 5:28am May 29, 2009 5:28am
Was wondering the same thing myself....

Quoting cashmeer
No one posted anything today or is my forexfactory acting strangely?
  • #11,054
  • May 29, 2009 6:25am May 29, 2009 6:25am
Quoting cashmeer
No one posted anything today or is my forexfactory acting strangely?
Busy piping here. Long here long there pick here pick there. Write on my personal journal, then repeat again.

Btw I'm avoiding EJ today. It is acting strangely. Usually it follows EU but not this time.
Manage your risk accordingly and you're half done your home work.
  • #11,055
  • May 29, 2009 8:00am May 29, 2009 8:00am
Quoting personalme
Btw I'm avoiding EJ today. It is acting strangely. Usually it follows EU but not this time.
Probably because it is near its strong S/R level.
  • #11,056
  • Edited 7:23pm May 29, 2009 8:01am | Edited 7:23pm
hello all, i'm from malaysia, currently trading with THV3 about 2 weeks now.

I have some questions regarding THV3 SDX-TzPivots_v4 . My broker is FXPRO GMT+2. If i trade during US session the setting for pivot is 2,2 rite ?

It is confusing me because at the manual table show NY close . It is suppose to be NY Open rite ?

When NY Open my broker time is 15:00 . If i set 1st candle to be at 15:00 the setting is 2,-13

Thanks very much, i hope i can get clear explanation and my sorry if it have in previous page as i'm only at page 250+ now.
  • #11,057
  • May 29, 2009 8:23am May 29, 2009 8:23am
thanks Cobra and team another time

yesterday i make 7 trades 6 win 1 on cero

i run on 1m to have 6 or 10 pips and stop 20

today i make 1 win

i want start to make more pips

i will use fibonacci for take profit :

first level on 100 the 50% of trade
after breakEven
second level on 161.8 the 25% of trade
third level on 261.8 the last 25% of trade
  • #11,058
  • May 29, 2009 9:32am May 29, 2009 9:32am
Quoting MissPips
What do you mean by RSI? It isn't part of THV as far as I know.
The THV analyse template has a THV RSI_v2 with it looks pretty cool, marks out the zones when it is ob/os.
Was just wondering how to utilize it (the ob/os zones are different depending on the TF you check it at so I was wondering how to use it properly)...
Trading Makes Money!
  • #11,059
  • May 29, 2009 9:38am May 29, 2009 9:38am
Quoting Cencored
The THV analyse template has a THV RSI_v2 with it looks pretty cool, marks out the zones when it is ob/os.
Was just wondering how to utilize it (the ob/os zones are different depending on the TF you check it at so I was wondering how to use it properly)...
The analyse template is mainly to draw your trendlines, fibs etc., As the name suggests it is for analysis and THV is for executing the trades. By doing your analysis on a different chart, you can keep your THV charts clean and use it only for executions.

Hope it helps
  • #11,060
  • May 29, 2009 10:23am May 29, 2009 10:23am
Quoting karun
Probably because it is near its strong S/R level.
Well, technically speaking, it is on ranging period (MR1 to R1). If we compare the EU and UJ we can decipher why EJ do that. With current sentiment that the recession is easing soon (though i don't believe that ), Dollar is dumped everywhere. It makes Euro rally and so does on Yen. In the end, EJ is going nowhere.

It is a reversal condition when the crisis is begun where big boys tend to hunt safe haven currency such Dollar and even more Yen.

My 3m chart
Attached Image (click to enlarge)
Click to Enlarge Name: meta3m.gif Size: 41 KB


And my long term 1h chart (hope Jeff won't get angry if I draw wrong Andrew Line )
Attached Image (click to enlarge)
Click to Enlarge Name: meta1h.gif Size: 26 KB


Add while wrote this: Ah I hear beautiful sound. My TP on Cable hit. Done the trade with 134 pips.
Manage your risk accordingly and you're half done your home work.
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