THV system, final edition

Here we go, first trade for today based on Confirmation from 5 min chart. I didn't take the trades that was confirmed on M1 chart earlier before because it's either within news release range, or conflicting with M5 trix.

This one was an easy win, entrance @1.4877, SL @1.4857, TP @ S1/WmR1 line of 1.4891, quick +14 pips.

Here's another trade I entered. This one is based on the M5 being Overbought. What I look for is this: Once the M5 is overbought, I wait for the M5 fast trix to turn red. Afterwards, I look at M1 trix for a fresh cross down for entrance. TP 10 pips, SL 15 pips. As you can see on my M5 chart, the vertical red line is where I started watching, when the Fast trix turned red. I then looked over to the M1 and entered as the M1 trix crossed down after closing of the candle, as long as the M5 is still showing overbought with red fast trix (sorry, the news calendar is blocking that cross on M1, but you all know what trix crosses look like, left end side red vertical line on M1 is entrance, second on the right is where the TP was reached). I usually always aim standard 10 pips, which usually won't take long to reach, but feel free to take TP at support/resistance pivots if you like if it comes before the 10 pips TP. I do exit my trade however if the M5 fast trix changes to the opposite color before my TP is reached. I don't look at any other indicator besides the Trix on both M5 and M1 for the overbought/sold trades, it doesn't matter where the cloud, coral or Laguerre is for me with these type of trades.

I'm pretty much done for today, already reached my session goal for pips, and movement will be slow from here on out most of the days, so best wishes everyone!

When you switch to 1 min chart, do you enter right away if Trix is already going your way, or do you wait for a retracement? Thanks.

Depends, If the trix is already crossed down on the M1 when the M5 trix is overbought, I wait for a retracement, M1 to cross up first, and then enter at the recross down of M1 trix as long as M5 trix is still overbought and the M5 fast trix is red, if not, then I don't enter any trades. If M1 trix hasn't crossed down yet, then I enter upon the M1 trix cross at the close of the M1 candle. I always for a rule for myself, to enter after the closing of the candle, to be sure the trix stays crossed.

Sorry if I am ignorant about it, but what is your overbought/oversold levels for Trix?

It's set at default value of the THV system. Red dotted line = Overbought, Green dotted line = Oversold on the THV Trix indicator window.

Thanks. I'm doing the reverse. When I get a signal on 5 min, I switch to 15 min to make sure all conditions are met, so I know the signal is a retracement of a longer TF. I might be missing some pips, but to me it is visually logical.

What I prefer to use is the 2/3/5 for the Cloud and I use the Trix 'for MTFHisto" which I believe is V5 or 5.01.

Reasons:

The Ichimoku cloud is 3 moving averages-- [what mode they are I am unsure of but I think they are SMA on close] Since I use higher TF's to look at PA -mainly 15 and 30M to to visually see HH/LL.

Not so many mixed colors on the higher TF's using these settings--however, for the same time period on any given chart on a lower TF, the colors lose clarity on these settings as there can be different candles that comprise the larger candles and during that time the MA's can get jumbled and even reversed. I think with the V4 version the new settings of 2/3/8 actually work better on 1 and 5M [which this system IMO is designed/intended for]

The Trix I use this version as I can set the Moving Averages within the functions of the indicator to my own personal preference. It's a nifty Stochastic oscillator that shows momentum by changing colors [again I am unaware of the mode or the K and D values of the indicator] But it gives a nice visual-HOWEVER--I don't trade based by colors--- I trade based on where it is in relation to the mid line [0] and the angle of the slope. This oscillator [with it's fixed minimum and maximum parameters] give me an idea after seeing a higher high or lower low to let me know that the trend is changing/rather than just a divergence.

It took me a year of trading and a lot of losses to realize that I'm a terrible trend scalper/trader. Truly I am. I am, however very good at spotting trend exhaustion and will wait with bated breath to hop on right at the beginning of the new trend for my pips. [Usually at known S/R levels] I don't consider this divergence trading as I will actually wait for a HH or LL on the 15M then wait for the retracement and hop on the positive trade candle.

It's not about waiting for a coral break [as, if you've noticed, the same MA will be in different places on different TF's]

The Ma's I've selected and use seem to work best for immediate S/R and will usually line up with the known S/R

Chart attached

Blue line represents a higher high after the pin bar. I don't necessarily hop on pin bars unless at THE BN [00] or known S/R. So, I wait. The only thing I have going for me is the week [and month] bottom trendline- which is the dark green line]

3 reds are entries

Higher high was made, - that happens I wait for the pull back.

I enter on the positive candle that confirms after the 2 pin bars- each with higher lows.

Support[turned resistance] had a massive doji/pin -exit

high spread [the length of the candle compared to the previous candles] and high volume drop back to previous price [not at all bearish] Another beautiful pin bar with yet another higher high- enter on that

Another high volume high spread back to support/resistance-- not a wonderful sign but trend is now confirmed up/changed. Will wait.

Candle after that another doji/pin-exit.

A 3rd high spread but low volume back to the bottom [know as low volume test]-- candle ends higher than the previous pin. Next candle is an inside bar [very good ] for a 3rd entry. My target on my chart is the yellow line- which is about the area of the last previous high--also a BN 1.4900 Both Trix lines above 0 to confirm bullish sentiment

If anyone can help, that would be great. I recently changed brokers to FXDD. All of the usual indicators work on FXDD except the Coral. I downloaded the template from castlebrook and everything is there except for the two Corals he uses (M1 and M5) as described in his manual. Why are the Corals not appearing?

I attached a screen shot of the template and the Indicators list.

Thanks for any help!!

Hi NOBITACU... i read what you said... but don't understand... did u mean to say... WHEN M5 IS O/BOUGHT.. I WAIT FOR FAST M5 TRIX TO TURN RED??...
maybe i'm a bit thick... lol cheers
jean

Hi, I just finished reading all 15610 posts. I have to say that even without the THV system, the knowledge I gianed was worth the 3 or so weeks spent reading it. During my time reading, there was the benchmark of 1000 pages, 15,000 posts and a year anniversary, bravo
I now need some time to organize all the info I've saved.
I've been trading for just under 2 years, while living on an unexpected clump of cash. I never blew up an account but I lost half after my 1st few successful months of demo trading. Sinse then, I slowly lost till a few months ago when I started breaking even in my trades day to day.
My trigger finger is still a burnt a bit and I have yet to regain the capital (and confidence) that I spent on self education (bad trades).
Thanks for this system. It is helping me gain back that confidence once more. I am open to advice and suggestions about the mental aspect of trading and would like to share some of my trades for review.
Mucho gracias.

Opps, yes, you are correct. I meant to say M5 fast trix turn red. That when we know to look for a M1 down cross for entrance.

ok, great.. no i understand..lol cheers
jean

Many thanks for so complete answer! I understand You.
Have a good day for many pips!

To be really sure and confirm the trend, do we wait for the slow M5 trix to change colour too?

hi...
i want to ask, is the THV4 CaveManager an EA?
where i can download it?
thank you...

Hi
Is there any manual or explanation of Laguerre Indi how it works ???

It's not a Robot. It's an expert advisor to help with money management and {partial} take profit levels.

You still have to execute the trade manually. It won't do it for you.

Look in the upper right corner of the page-there's a paper clip. Click on it, then click Hide Images. There, with a little bit of a search, you will find it if you still want it

thank you for helping...

I want to share a new mtf histogram I've been working on. It is a swiss army knife of histograms.

By setting autotf to false and mode to 1 you can combine the following types of indicators in the four rows of histogram

Mode 1
ePeriod types:
0 = slowtrix
1 = fasttrix
2 =stochs
3 =trix in Thv classic mode
4 =trix in semiclasic mode
5 =cloud
6 =HA candles

Trix in THV classic mode means that the fast trix is above the slow trix and is green and is above zero (for cross up) and the fast trix is below the slow trix and is red and is below zero for a cross down. When neither red nor green condition is met the histo is empty (shows the background).

Trix in THV semi classic mode means that the fast trix is above the slow trix and is green (for cross up) and the fast trix is below the slow trix and is red for a cross down.When neither red nor green condition is met the histo is empty (shows the background).


Mode 2
When mode is 3 all the eperiodtype settings are ignored and all the timeframes you chose are set to trix classic mode.

Mode3

When mode is 3 all the eperiodtype settings are ignored and all the timeframes you chose are set to trix in semi classic mode

Autotimeframe
When autotf is true, the indicator works like the old one, selecting the next second and third higher timeframes for the fast and slow trix (i.e on a one minute chart, 5m f & s and 15m f & s trix).

If use autotf and usesecondautotf are both true, then it selects the fourth and fifth higher tfs for the fast and slow trix. (i.e on a one minute chart 30m f & s and 60m f & s trix)

Alarm
The alarm only works when autotf is false
The way it works is that for each row in the histo you can choose whether to count the row in the max score by setting countE1-4 to true. Then you set a Max score. You will get an alarm when the total score is greater than or equal to the Max score.

For example:
Suppose I have the following settings.
row 1 is the 1m f trix
row2 is the 1 m HA candle
row 3 is the 1m cloud
row 4 is the 5m trix in semiclassic mode (fast above slow and green or fast below slow and red).

If I want to get an alarm when all four rows are the same colour I set countE1-4 to true and max score to 4.
If I want to get an alarm when 3 of the four are true I set countE1-4 to true and max score to 3. In this case when any three of the rows are the same color you will get an alarm. (You will also get an alarm once when the fourth row turns color as well)

If I want to get an alarm when only the first and third rows are true I set countE1 and countE3 to true, countE2 and countE4 to false and max score to 2.

In addition the score for each row is reset if the histo row changes color.
So if you have an alarm on the first,second and third rows, and max score set to 3, when all three change to the same color (green for example) you will get an alarm. If the second row changes color (to red for example) but the first and third rows stay green, when the second row changes back to green you will get another alarm.



You will get the alarm at the start of the next bar following the bar in which the total score was greater than or equal to maxscore.

You can use the identifier parameter to identify which set gave the alarm


Additional files

You will need all the additional files I included in your indicators folder.

This version uses THV3 Trix for MTFHisto which is based on THV trix v6 .1(that is the version used in v4 without all the extras). This one also includes a lower bar count (500) to reduce CPU.If you prefer some other version of the THV3 Trix for MTFHisto just copy yours over it. (But do not copy a regular THv Trix version over it, because the histo needs to use a version of the trix will all the options turned off.)

This version also used HeikenAishi_DM which is Dean Malone's version of the HA candles because I knew where to get the buffer input I needed, and for some reason I could not the buffers for the THV HA candles to work with mtf ). They are essentially the same as the THV candles.

There are no rules for using this indicator. You can use it with the 6 point system to get an alarm (for example set an alarm on 1f f, 5m amd then count the rest of the lights whenever this alarm goes off) or to get an alarm on any of the other types available.

Lastly, there is no more yellow for the cloud when PA is in the middle of the cloud. This was necessary in order to fit it into the histo. When PA is in the cloud, the histo is empty - shows the background color

If you have any questions please post them in the thread instead of PMing me so that everyone can get the answer.

Edit: replaced mixed histo version due to small bug. If you downloaded the previous version please download v1 instead.