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Dynamic colors?

  • #141
  • Jul 31, 2009 6:03pm Jul 31, 2009 6:03pm
Pls can this indi be use on higher time frame , such as 1hr & 4hr. What will be the likely settings.
Thanks

Quoting eclayf
tpr, without reprogramming it, I found that if I used two colors from the same pallette, i.e. beige/ brown, then reduced the "step" and reduced the ColorMultiplier I could sometimes acheive a workable and easier to look at set of colors.

Problem was that when price began to accelerate again, I had to go through all of that again to acheive the results again.

Real problematic.

The easier way would be if RR could somehow set some sort of "threshold" beyond which the colors could not intensify to that blinding version of green/ red that happens...
  • #142
  • Aug 1, 2009 4:16am Aug 1, 2009 4:16am
Quoting woleadu
Pls can this indi be use on higher time frame , such as 1hr & 4hr. What will be the likely settings.
Thanks
Hi woleadu,

Yes, you can use it on any time frame. On higher ones, like H1, H4, D1, and so on, you will probably need to adjust the "step" variable, but the amount depends on how "intense" the colors are. The more intense, the larger the "Step" you will probably have to use.

You may also adjust the "Multiplier" and probably use a smaller one. Just play with it. If price moves a lot, you will ultimately have to re-adjust it once in a while.

Great indicator, just intense colorwise.

Clay
  • #143
  • Aug 1, 2009 10:40am Aug 1, 2009 10:40am
Just came across this topic, it's related to our discussion, but they use framework. I still like the interpretation on our version more.

http://www.forex-tsd.com/metatrader-4/21422-sup-res-heatmaps-using-mt4-gpu-net-plugin.html

Also there's nothing to test as the author didn't attach anything, just screenshots.
  • #144
  • Sep 6, 2009 7:57am Sep 6, 2009 7:57am
Breakout Buy? or Ranging Sell?
Attached Image (click to enlarge)
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  • #145
  • Sep 6, 2009 4:35pm Sep 6, 2009 4:35pm
Quoting panguFX
Breakout Buy? or Ranging Sell?

Ranging sell

Set stoploss to the highest point ~15 bars prior.
  • #146
  • Sep 14, 2009 8:48am Sep 14, 2009 8:48am
hi all,thanks ronald for a great indi,im using with other systems and is proving to be invaluable,ive been scalping with this tool combined with t101 profit chart with exellent results also had some good longer time frame trades 1 and 4 hour,seeing the clear defined zones and the profit chart indi allows being in the move before it starts almost to early,will continue to study this.
thanks william
  • #147
  • Nov 29, 2009 9:34am Nov 29, 2009 9:34am
If some of you still glance at mq4 one's

http://www.forexfactory.com/showthre...=17350&page=12
  • #148
  • Dec 2, 2009 2:59pm Dec 2, 2009 2:59pm
Is anyone using this to trade?

Ive had a play around and it and it seems very useful made only positive trades, although my MT4 hangs a lot so I can only use it on one pair/one timeframe.
  • #149
  • Dec 2, 2009 4:11pm Dec 2, 2009 4:11pm
Quoting dwayneyboy
Is anyone using this to trade?

Ive had a play around and it and it seems very useful made only positive trades, although my MT4 hangs a lot so I can only use it on one pair/one timeframe.
I use it all the time. It is much easier to visualize a trading range than anything else that I have found. While this is not exactly a live thread I would be very interested to hear how RR is using the indicator he created.
  • #150
  • Dec 2, 2009 7:18pm Dec 2, 2009 7:18pm
Quoting Jollyroger
...I would be very interested to hear how RR is using the indicator he created.
The short answer is: I don't.

This indicator helps you visualize areas where the price is likely to change direction. That's primarily what I'm looking for in my trading. I already see these levels, I really don't need this indicator anymore.
  • #151
  • Dec 2, 2009 7:46pm Dec 2, 2009 7:46pm
I think what he really meant was, would RR please teach us lesser mortals how to trade this indi like he (RR) does?

Not all of us "see" the Matrix like you do Ronald. Most of the rest of us still rely on visual aids in order to see the "blonde, brunnete and redhead".
  • #152
  • Dec 2, 2009 7:53pm Dec 2, 2009 7:53pm
Quoting Ronald Raygun
The short answer is: I don't.

This indicator helps you visualize areas where the price is likely to change direction. That's primarily what I'm looking for in my trading. I already see these levels, I really don't need this indicator anymore.
That's pretty much how I use it also....to help clarify my thinking. I probably don't see potential reversals as clearly as you and I certainly don't have your programming skills Thanks for the reply.
  • #153
  • Dec 2, 2009 8:55pm Dec 2, 2009 8:55pm
What I generally look for are price zones where--using the heatmap--you see a sharp change from red to green or green to red. The price can predictably change direction at or near that border. It will transition from up to sideways, up to down, down to sideways or down to up.

If the change is more gradual (you see more browns), the price movement will be choppy and unpredictable. It's generally bad idea to look for any sharp changes in movement during that choppy area.

At least...that's what happens in a perfect world.

I had originally tried to develop a way to optimize the multiplier, but for now it's better to do that yourself. General rule of thumb, play with the multiplier until you are approximately 50/50 red/green.
  • #154
  • Dec 3, 2009 12:37pm Dec 3, 2009 12:37pm
im using this indie alongside other methods and also trade this on its own using a 5min 15 1hour and 4 hour charts on one screen,when they all reach the top or bottom of there zones, i then enter from the 1min and 5min chart at the very lowest or highest piont for bounce,on the lower time frames this is often into the opposite colour zone ,but allows very small stops,i find you trade the tail left behind then ride the trade up through the time frames,ive had very high ratio of wins but if a close on 15mins above then look to exit and trade the zone change.
regards william
ps thanks RR great tool ,
  • #155
  • Dec 3, 2009 8:20pm Dec 3, 2009 8:20pm
anybody catch this one?
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  • #156
  • Dec 4, 2009 4:00am Dec 4, 2009 4:00am
Is there any tips regarding the settings for its stability on MT4?

I would like to try what diceman is doing on MTFs or a few pairs but as soon as I put it on another chart it goes into meltdown. Been using it on FX pro which I find is not the best with stability anyway, will try it on a few others tonight.
  • #157
  • Dec 4, 2009 6:48am Dec 4, 2009 6:48am
Quoting dwayneyboy
Is there any tips regarding the settings for its stability on MT4?

I would like to try what diceman is doing on MTFs or a few pairs but as soon as I put it on another chart it goes into meltdown. Been using it on FX pro which I find is not the best with stability anyway, will try it on a few others tonight.
Increase the 'Step' Value.
  • #158
  • Sep 5, 2011 10:06am Sep 5, 2011 10:06am
Ronald, it seems to be working very well
very nice work! however, Im getting dizzy just by looking at it,
can you please make it possible to change color?
that would be great! thanks
Bulls are stupid Animals!especially when Im short!
  • #159
  • Last Post: Dec 1, 2011 8:01am Dec 1, 2011 8:01am
I am able to see lines / zones uoto 4 digit scrips like XAUUSD etc., , but not for 5-digit ones ! Any help would be appreciated !

thx

eevrafx

Quoting Ronald Raygun
This is 3 mins after I got out of that trade.

I'm sure you understand the potential I see in this indicator concept.
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