ALF/TVI - Simple, effective daytrading | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

ALF revisited - simple, effective daytrading 1,194 replies

1min scalping using mtf ALF by bbolss 685 replies

How difficult is it to find an effective daytrading method? 156 replies

Alf Alert problem 2 replies

tvi histogram 0 replies

Attachments: ALF/TVI - Simple, effective daytrading
Exit Attachments

ALF/TVI - Simple, effective daytrading

  • #21
  • Mar 16, 2010 9:26am Mar 16, 2010 9:26am
Quoting walb99
Try this
Thank's for that proposal,

as I have no clou how to code, it would be great if you could integrate your code into the indicator

thank's

Udo


Attached File(s)
File Type: ex4 TVI_2color.ex4   4 KB | 1,689 downloads
  • #22
  • Mar 16, 2010 9:29am Mar 16, 2010 9:29am
Lou G

Thanks for sharing this. Based on the attached chart, have I applied your rules correctly?

Also, what are the rules for adding to a winning position...?

Cheers,
Chngster
Attached Image (click to enlarge)
Click to Enlarge Name: chngster d.gif Size: 40 KB
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #23
  • Mar 16, 2010 9:55am Mar 16, 2010 9:55am
can use this methode at smaller TF, like TF1 or 5?...what is best setting ALF and TVi for those smaller TF?..thx
  • #24
  • Mar 16, 2010 10:06am Mar 16, 2010 10:06am
Forgive me if I do not answer each post individually. I will try to answer every question.

TVI repaint? - No, only the current bar can change.

ALF horizontal? - This is a somewhat gray area and requires a little "feel" which you will acquire with enough screen time. If there is a clear open away from ALF and TVI is on a steep angle, go ahead and take the trade if you like. I try to wait for ALF to move a bit even if it's only a pip or two.

TVI zero line? - This has no trading significance - get rid of it if you wish. It's only there because it was there in Blau's book.

ALF/TVI on D1 chart? - If you can make this work, more power to you. I would not trade this method on anything longer than H1 (or H4 at a stretch). My objective is to get 1-3 trades per day with a high success rate and I am overjoyed to get 20-30 pips on a winning trade. Most of my trading is on M15.
Old Benjamin was right
  • #25
  • Mar 16, 2010 10:53am Mar 16, 2010 10:53am
interesting looking method, thanks.
  • #26
  • Mar 16, 2010 10:55am Mar 16, 2010 10:55am
Living as I do near Chicago, I trade the NY Open from 7am - 11am my time. I waited 3 hours today for a good signal and wound up with one trade, net +14 pips for the day. Better than a loss...
Attached Image
Old Benjamin was right
  • #27
  • Mar 16, 2010 11:08am Mar 16, 2010 11:08am
Quoting cidung
can use this methode at smaller TF, like TF1 or 5?...what is best setting ALF and TVi for those smaller TF?..thx
I wouldn't because that would be scalping and I hate scalping (though I envy those who can do it profitably).

I don't know what to do with the setting for shorter TF's - try it and let us all know if it works.

As far as settings go, the defaults are what the creators of these indicators recommend and I have not tinkered with them. It may be that there are slightly better settings for the recommended TF's. Feel free to try other settings and share them if you find something really good. The only caveat would be re: the Median parameter in ALF - be sure you use an odd number if you change it. I was lazy when I translated the TradeStation code to MQL4 and did not code the median calculation "by the book". An even number will not crash the code - it just won't calculate an arithmetically correct mean

Thanks to all who are posting. I hope the simplicity of this method works for all of you.
Old Benjamin was right
  • #28
  • Mar 16, 2010 11:15am Mar 16, 2010 11:15am
Quoting uliesenfeld
Thank's for that proposal,

as I have no clou how to code, it would be great if you could integrate your code into the indicator

thank's

Udo


Attachment
Try this
Attached File(s)
File Type: mq4 TVI_2color_alert_symbol_tf.mq4   3 KB | 1,930 downloads
/ ... clarifying decisions ... /
  • #29
  • Mar 16, 2010 11:15am Mar 16, 2010 11:15am
I'll add the currency symbol to the alert in TVI later today and post it in post #1. An oversight on my part - I have all I can do to watch one currency pair

For those who know how, feel free to add it yourself per the code generously provided by Walb99...
Old Benjamin was right
  • #30
  • Mar 16, 2010 11:37am Mar 16, 2010 11:37am
There is some problem with the TVI indiator you posted in first post and also Various versions in susequent posts.can u please update it when saved the indicator is saved as .php attachment and changing it to .mq4 also does not solve the problem.can u please change the indicator to original.mq4.Thanks.
  • #31
  • Mar 16, 2010 11:46am Mar 16, 2010 11:46am
Quoting bhatiaashish007
There is some problem with the TVI indiator you posted in first post and also Various versions in susequent posts.can u please update it when saved the indicator is saved as .php attachment and changing it to .mq4 also does not solve the problem.can u please change the indicator to original.mq4.Thanks.


This is a problem with the site somewhere. It works well soetimes for some people and not at other times.

However, you can download the indicators/templates by clicking the attachments image on top right side of the page.

The image which shows a paper clip with 12 written alongside it , at this time.
  • #32
  • Mar 16, 2010 12:04pm Mar 16, 2010 12:04pm
Quoting NKE
Interesting system and would appreciate some finer points explained - from a very brief observation TVI only repaints during current bar - not sure I understand the difference between ALF and MA -10 ema gives similar profile (less smooth). What is benefit of ALF - apart from smoothness
ALF provides more subtlety in the way in tracks price. Because of the adaptive nature of the algorithms, ALF changes very little when PA is static or ranging. Conversely, when PA pulls away ALF tracks it at a distance and allows for retracements without overreacting.

Check out Ehlers technical paper "Time Warp Without Space Travel" at www.mesasoftware.com - the benefits of Laguerre Filters are covered thoroughly there.
Old Benjamin was right
  • #33
  • Edited 12:10pm Mar 16, 2010 12:09pm | Edited 12:10pm
Quoting bhatiaashish007
There is some problem with the TVI indiator you posted in first post and also Various versions in susequent posts.can u please update it when saved the indicator is saved as .php attachment and changing it to .mq4 also does not solve the problem.can u please change the indicator to original.mq4.Thanks.
Download by left-clicking the link. It should never save as .php - must be something you are doing but I don't know what it is.

EDIT - okay, I was just able to duplicate your error by right-clicking the link instead of left-clicking.
Old Benjamin was right
  • #34
  • Mar 16, 2010 12:32pm Mar 16, 2010 12:32pm
Is there a way to enable TVI_2color indicator to send email alert when the color changes?
  • #35
  • Mar 16, 2010 12:40pm Mar 16, 2010 12:40pm
Quoting FXHOUND
Is there a way to enable TVI_2color indicator to send email alert when the color changes?
Instead of
Alert()
put SendMail( )
/ ... clarifying decisions ... /
  • #36
  • Mar 16, 2010 1:02pm Mar 16, 2010 1:02pm
Quoting Lou G
ALF provides more subtlety in the way in tracks price. Because of the adaptive nature of the algorithms, ALF changes very little when PA is static or ranging. Conversely, when PA pulls away ALF tracks it at a distance and allows for retracements without overreacting.

Check out Ehlers technical paper "Time Warp Without Space Travel" at www.mesasoftware.com - the benefits of Laguerre Filters are covered thoroughly there.
Thanks Lou for explaining this
  • #37
  • Mar 16, 2010 1:32pm Mar 16, 2010 1:32pm
Quoting Lou G

TVI repaint? - No, only the current bar can change.
There you are right that the TVI does not repaint but TVI_2color repaints (meaning when the candle is closed the line can change the color after candle close) that is for sure. I have no intres what so ever to say here thing that are not true. When I spot it again I will post the screenshot about it, till then be aware of it.

Friendly regards

Kristjan
  • #38
  • Mar 16, 2010 3:12pm Mar 16, 2010 3:12pm
Quoting kristjantelve
There you are right that the TVI does not repaint but TVI_2color repaints (meaning when the candle is closed the line can change the color after candle close) that is for sure. I have no intres what so ever to say here thing that are not true. When I spot it again I will post the screenshot about it, till then be aware of it.

Friendly regards

Kristjan
Yes, as I look at the code I see that can sometimes happen - I did not intend to question your honesty.

However. due to the way MT4 paints charts, there is no other way to change color and keep the line smooth. The other alternative would be to use the single color TVI and open the Data Window to be sure direction has changed. If you prefer that approach, I'm sure the method will work just as well.

Best,
Lou G
Old Benjamin was right
  • #39
  • Mar 17, 2010 1:54am Mar 17, 2010 1:54am
Quoting Lou G
Yes, as I look at the code I see that can sometimes happen - I did not intend to question your honesty.

However. due to the way MT4 paints charts, there is no other way to change color and keep the line smooth. The other alternative would be to use the single color TVI and open the Data Window to be sure direction has changed. If you prefer that approach, I'm sure the method will work just as well.

Best,
Lou G
No offense means, I gone through the code and found that TVI does repaint last bar.

You could leave the indicator run for a 20-30 bars, then reload it and u could find the repaint.

Hope this helps.
  • #40
  • Mar 17, 2010 10:55am Mar 17, 2010 10:55am
Attached is the TVI shown in histogram form - this should (hopefully) take us away from repainting discussions and back to trading (which is the topic of the thread).

Good morning for me, as shown below.
Attached Image
Attached File(s)
File Type: mq4 TVI_Histogram.mq4   3 KB | 1,590 downloads
Old Benjamin was right
0 traders viewing now