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THV system, final edition

  • #20,601
  • Oct 2, 2010 10:12pm Oct 2, 2010 10:12pm
Attached Image
  • #20,602
  • Oct 3, 2010 2:28am Oct 3, 2010 2:28am
Okay these two video will show you how to time the market for the entry using the EMA. Now this is pure EMA entry, just apply with the THV rules to ensure higher probability rules..

Inserted Video


Inserted Video
  • #20,603
  • Oct 3, 2010 2:34am Oct 3, 2010 2:34am
Quoting ozma
Tread, do not you think that can remove Ishimoku from 1M?

You could, but the cloud acts as a dynamic support and resistance, i personnel like to see the candle clear the Ickimoku before taking trades. In the end you would need to make the decision based on other information. Lets says you have a strong trend and price is in the Ichi, you make decide that the strength will carry it and ignore the Ichi. It is really up to you. I still use it
  • #20,604
  • Oct 3, 2010 2:35am Oct 3, 2010 2:35am
Quoting CandleStar
Tread,

if you won´t mind:

What is your last winning setup / profile?

These have changed so often here that I have lost what was your latest that you work and win with at the moment.

Thanks for your effort!
Candle

I posted the templates a couple of pages ago, just search for my recent post
  • #20,605
  • Oct 3, 2010 3:08am Oct 3, 2010 3:08am
This indicator is based on an idea of Dean Malone's. What he says is that when the HA candles are between the price action channel you shouldn't trade. So this indicator calculates the PA channel (5 period smoothed MA high and 5 period smoothedMA Low) and checks where the HA candle closes in relation to the channel. It's green when the candle closes above it, red, when it closes below it and yellow when it closes in it. Go over to CompassFX and watch his videos on synergy trading to find out more about the price action channel.

The MA period is just some code I left in by mistake from the cloud histo. I cant give you the code for this because it is based on the Cloud MTF indicator which is part of THV and Cobra doesn't allow the THV source code to be published.

Quoting nando_rich
Amazing indicator ... thank you very much.

What is the basis of this indicator?

Could someone give me the code for this indicator? I would like to add to some EA.

Thank you very much.
  • #20,606
  • Oct 3, 2010 3:14am Oct 3, 2010 3:14am
Swiss Army indie type type 14. Of course it is based on the trix signal arrows, which, as you probably have notices lag by two bars.

Quoting ozma
can any one of the programmers can write an indicator that will show the arrow on the 1M if there divergence on 5M?
  • #20,607
  • Oct 3, 2010 3:43am Oct 3, 2010 3:43am
Quoting MissPips
Swiss Army indie type type 14. Of course it is based on the trix signal arrows, which, as you probably have notices lag by two bars.

Thank you. but where should I change the mode in the indie?
  • #20,608
  • Oct 3, 2010 4:02am Oct 3, 2010 4:02am
Miss Pips, tell me please, what mode should I put that indie shows the position of EMA and divergence in two higher TF?
  • #20,609
  • Oct 3, 2010 4:10am Oct 3, 2010 4:10am
Miss Pips, maybe it's a brazen request, but if you wrote indie MTF clouds and chop, you could combine them into one indicator and make sure that they would give an alert when all 4 points of one color. if you is not difficult. it would be very helpful to monitor several pairs
  • #20,610
  • Oct 3, 2010 6:01am Oct 3, 2010 6:01am
Attached is a indicator that will scan all the major pairs for the EMA to be in the right order

It is default to:-
MA1 - 13
MA2 - 21
MA3 - 34
MA4 - 55

But you can change it to any EMA you wish to monitor. Note keep EMA in Ascending order if changing values (ie do not put 34, 13,233, 21) keep it in order.

The is also a consolidation zone it monitors it is default to:-

Channel - 3(Pips)


The default colors are: -
Green - EMA lined up for long
Lime - EMA Lined up for Long and Consolidated
Crimson - EMA Lined up for Short
Red - EMA Lined up for Short and Consolidated

but can be changed

It is a bit raw, some error checking needs to be done, but it works quite well so far.

Place on any M1 Chart to start using
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 MA Scan.mq4   7 KB | 861 downloads
  • #20,611
  • Oct 3, 2010 6:31am Oct 3, 2010 6:31am
Quoting ozma
Miss Pips, tell me please, what mode should I put that indie shows the position of EMA and divergence in two higher TF?

http://www.babypips.com/school/divergence_trading.html
  • #20,612
  • Edited 7:10am Oct 3, 2010 6:59am | Edited 7:10am
Quoting ricmi
http://www.babypips.com/school/divergence_trading.html
I do not need rules. I have seen them already. I need information about 5M trix divergence on 1M chart
  • #20,613
  • Oct 3, 2010 7:41am Oct 3, 2010 7:41am
Quoting MissPips
This indicator is based on an idea of Dean Malone's. What he says is that when the HA candles are between the price action channel you shouldn't trade. So this indicator calculates the PA channel (5 period smoothed MA high and 5 period smoothedMA Low) and checks where the HA candle closes in relation to the channel. It's green when the candle closes above it, red, when it closes below it and yellow when it closes in it. Go over to CompassFX and watch his videos on synergy trading to find out more about the price action channel.

The MA period...
Thank you...that info is enough for me.

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #20,614
  • Oct 3, 2010 9:18am Oct 3, 2010 9:18am
Tread,

Thanks kindly for the videos posted. They are very useful and on high volatile pairs such as the GBPCHF, buying/selling at the EMA bounce in this way can be highly profitable so thank you.

Great job on the indi. Can't wait to test it out tomorrow.

p.s. How exactly are you using the indicator at the moment? In combination with the alert indicator discussed previously? Which lights are you looking for on it before going to assess that pair? Do you have a mechanical approach to how you assess it?
  • #20,615
  • Oct 3, 2010 10:16am Oct 3, 2010 10:16am
Right now, I am keeping to my existing methods/setups, I use the dashboard as a idea to which pairs are setting up for a breakout/trending. Once i work out all the nuances I will bring fully into my methodology. For me it takes weeks to become familiar. Right now tt is just a rough tool to help scan for pairs which you can focus on.

Basically you look for a pair that is giving you the same color. Then you investigate for an entry. Those with the consolidation, you want to spend time on, setup for the breakout.

For example the dasboard is showing that the AUDUSD is consolidating on the M1(LIME Color) and trending (Green) on the higher TF. This will be a pair to starting drawing some trend line and checking for key support and resistance. Maybe even place a limit order.

In this case tho we are seeing the friday session information, so i would ignore. If it had happened in the week I would be monitoring closely
  • #20,616
  • Edited 1:54pm Oct 3, 2010 1:33pm | Edited 1:54pm
Quoting Tread
Okay these two video will show you how to time the market for the entry using the EMA. Now this is pure EMA entry, just apply with the THV rules to ensure higher probability rules..
still a very great video. thanks tread for explaination.
  • #20,617
  • Oct 3, 2010 4:57pm Oct 3, 2010 4:57pm
I do not always understand how works trix
Here is an example
Attached Image
  • #20,618
  • Oct 3, 2010 5:02pm Oct 3, 2010 5:02pm
Quoting Tread
Attached is a indicator that will scan all the major pairs for the EMA to be in the right order

It is default to:-
MA1 - 13
MA2 - 21
MA3 - 34
MA4 - 55
So in all TF use EMA 13-21-34-55?
  • #20,619
  • Oct 3, 2010 5:09pm Oct 3, 2010 5:09pm
For the purposes of the scanner (and in this version) , all the tf uses this same ema
  • #20,620
  • Oct 3, 2010 5:18pm Oct 3, 2010 5:18pm
SA histo in Mode 1 lets you select any etype and tf you want for each of the four rows of the histo by setting the values in in the ePeriod1 ePeriod1Type params.

Type 5 is the cloud

Type 14 is divergence.

Type 18 is the chop indie

Type 26 is three MAs in order and above Coral. ( ThreeMACrossMA1Per,ThreeMACrossMA2Per, and ThreeMACrossMA3Per set the MA lengths)

Type 31 is 4 MAs in order (without Coral) and distance between MA1 and MA2 increasing.

For example to monitor the chop indie for the 5m tf in the first row of the histo and divergence on the 30 tf in the second row, set ePeriod1 to 5 and ePeriod1Type to 18 and set ePeriod2 to 30 and ePeriod2Type to 14

Please see these post for more info about etypes
http://www.forexfactory.com/showpost...ostcount=20144

http://www.forexfactory.com/showpost...ostcount=20507

http://www.forexfactory.com/showpost...ostcount=20509

Quoting ozma
Miss Pips, tell me please, what mode should I put that indie shows the position of EMA and divergence in two higher TF?
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