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THV system, final edition

  • #21,941
  • Edited 3:28am Jan 21, 2011 3:12am | Edited 3:28am
Yes because even though you dont have both 15 m trixes in favor you have a nice multi-tf divergence there, a nice spread on the 5 m trix and a trix cross near 0 on the 1 and the trade is with the 5m trend and the intermediate trend

Rainbow flips are when the colors reverse from warm to cold or vice versa and are in the right order again. The oriiginal rainbow just had layers of color that didnt change from warm to cold so a flip also means when the layers are in order. Also the original rainbow only had 1 tf on it. This one has two - part of the layers from the 5m and all of the layers from the 1m which replace the missing layers from the 5 m so that you can see what is the trend in both those tfs. Fresh flips mean recent with respect to the tf - i.e on the 1 min not one that happened a few hours ago. You can still trade 15 5 1 signals if the flips are not fresh but you will usually get better trades if all the flips (rainbows and trixes) are relatively fresh. The reason is that when this happens price is breaking out of consolidation and you can get a longer run if you are letting an addition lot or lots run.

-
Quoting homersimpson
Dear MissPip,

Do you think its a good buy entry at 6:30? (if dont consider the distance to 1.3500)

In your #21951 post, what does "Fresh flips both rainbows" mean?

-what I can see is just the "cold color" rainbow expand. do you mean from the left the rainbow colors change in this sequence: warm->cold->warm then cold again, is this called a flip?

Thank you and have a nice weekend!

Homer
  • #21,942
  • Jan 21, 2011 4:10am Jan 21, 2011 4:10am
... THV setup

no comment

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Attached Image (click to enlarge)
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Quoting enigma4x
Hi Traderz,

mmmh we need an trend to trade thv profitable.



Nice system, I will take an eye on it.

Thanks for this hard work to cobra and his gang.

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #21,943
  • Jan 21, 2011 4:49am Jan 21, 2011 4:49am
Quoting MissPips
........Also the original rainbow only had 1 tf on it. This one has two - part of the layers from the 5m and all of the layers from the 1m which replace the missing layers from the 5 m so that you can see what is the trend in both those tfs. .........
-
Thank you for the explanation!

Are layers close to candlesticks for the M1, and the rest for M5? Any line(s) to separate the M1 and M5 rainbow?

Thank you!
  • #21,944
  • Jan 21, 2011 7:01am Jan 21, 2011 7:01am
...nearly complete

Number 11 and 12 is still faulty

Quoting seller9
Thanks everyone for the finding the Bugs, I didn't mean to clog up the forum with this stuff, thats what happens when you start to cut and paste and miss things. Found some missing code in the DB program, the idicator is OK. I have attached the whole works again, let me know if you see anything else that is strange as I have not checked out all the possible combinations. Let me know if you find any good alert combinations that work for you. I find the Buy and Sell trigger lines in combination with various alerts work good together.

Attachment ...
Attached Image (click to enlarge)
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  • #21,945
  • Jan 21, 2011 7:22am Jan 21, 2011 7:22am
Hey Homer,

What is that mtf chop indi at the bottom of your chart.
  • #21,946
  • Jan 21, 2011 7:25am Jan 21, 2011 7:25am
Quoting FXler
yes, that should be the problem. Good idea. I've changed the mt4 installation from d:/ to another mt4 instance on c:/ today. There are different rights set on c but I can't change it (Win7 64bit). Windows won't let me do this.
I'm not sure if it's the same thing but have you tried taking ownership of the file? If you do, it won't register until you exit the file and then go back in.
  • #21,947
  • Jan 21, 2011 7:50am Jan 21, 2011 7:50am
Hi,

this (@10:23) was for me the only possible setup for today till now.
Did't take it.

Reason:

 

  1. Too Close to R2
  2. Too Close to 1.340
  3. Retracement too big for me (28 Pips)
  4. Trix M5 oversold

@MissPips. Have you taken this? Your thoughts.

Till now no trade.

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  • #21,948
  • Jan 21, 2011 8:57am Jan 21, 2011 8:57am
Quoting FXler
...nearly complete

Number 11 and 12 is still faulty
Sorry, going through "CODE BURNOUT", will fix this evening.
  • #21,949
  • Jan 21, 2011 10:06am Jan 21, 2011 10:06am
Me either. Different kind of PA today. Someone was buying it every time it hit the 21 ema on the 5 or about the 100 ema on the 1m and someone else was selling it every time it hit 3550-70 which made the PA too choppy for this setup to look right today.

Quoting forexsieno
Hi,

this (@10:23) was for me the only possible setup for today till now.
Did't take it.

Reason:

 

  1. Too Close to R2
  2. Too Close to 1.340
  3. Retracement too big for me (28 Pips)
  4. Trix M5 oversold

@MissPips. Have you taken this? Your thoughts.

Till now no trade.

Attachment

  • #21,950
  • Jan 21, 2011 10:10am Jan 21, 2011 10:10am
The dark blue is the bottom of the 1m

Quoting homersimpson
Thank you for the explanation!

Are layers close to candlesticks for the M1, and the rest for M5? Any line(s) to separate the M1 and M5 rainbow?

Thank you!
  • #21,951
  • Edited 11:41am Jan 21, 2011 10:44am | Edited 11:41am
Hello there, I have downloaded THV and Misspips "lights" programme before but left for a while. After started to learn the price action more seriously, I have come back to THV system, and rediscouverd the power (and charm) of the THV trix indicators.


Quoting MissPips
I don't really use the lights anymore since I found out about the MTF trix.
What I do these days is look at the relationship between the 1, 5 and 15m timeframes, which is similar to the lights but you can get more info by seeing the actual trixes. es on the 1m 'inside' at least 5 m trix cross

Misspips's lights are extremly helpful for bigineers like me, but as everbody told here, we need a better understanding of the price action itself to use them, I also have started to study with Trix indicators, as she does.

Then things I would like to do is to add a diffrent timeframe Trix indicators. For instance I want to add 15 min Trix indicator with 5 min chart.

Essentially this is the same concept of Misspips' lights, but we can see the actual movement of indicators.


I have found THV4 Trix has an option to modify the Trix paramater, but Trix ver 6.01 has no option to modify the settings. I rather prefer to modify ver 6.01 instead. I am wondering if customable Trix only indicator would be available ...

I am not sure if this is practically useful, but I can see a better picture Sorry if I something is missing as I am still a beginner. (please see the attachment)


Last not least, Cobra, Misspiss and their friends. Thank you for this amazing community. I keep reading this Thread. Have a good weekend
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  • #21,952
  • Jan 21, 2011 1:51pm Jan 21, 2011 1:51pm
Quoting MissPips
The dark blue is the bottom of the 1m
Thank you!

ukcool,

please see attached indie.

cheers
Attached File(s)
File Type: ex4 thv chop histo BarV3.1.2.ex4   12 KB | 921 downloads
  • #21,953
  • Jan 21, 2011 2:24pm Jan 21, 2011 2:24pm
Thanks homer buddy. and give my love to marge.
  • #21,954
  • Jan 21, 2011 3:37pm Jan 21, 2011 3:37pm
Hi,

where can I get these indicators and tpl?

Thank you!
  • #21,955
  • Jan 21, 2011 3:40pm Jan 21, 2011 3:40pm
I forgot the image
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  • #21,956
  • Jan 21, 2011 6:28pm Jan 21, 2011 6:28pm
Well, I hope I got it now, just a couple typos this time in the DB program again, good luck

Attached Image (click to enlarge)
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Attached File(s)
File Type: zip THVDB_New3.zip   1.2 MB | 2,375 downloads
  • #21,957
  • Jan 21, 2011 7:21pm Jan 21, 2011 7:21pm
Quoting Zonk277
I forgot the image
hi Zonk,

anything about rainbow please search MissPips' post, I guess this is what you are after:

http://www.forexfactory.com/showthre...54#post4113254


ukcool, you may take a look of above link as well. btw Marge is still mad on my loser trades......lol
  • #21,958
  • Jan 21, 2011 7:37pm Jan 21, 2011 7:37pm
hi seller9,

1.5.2.exe in THVDB v3 is good, thank you.

homer
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  • #21,959
  • Jan 22, 2011 5:23am Jan 22, 2011 5:23am
Quoting homersimpson
hi Zonk,

anything about rainbow please search MissPips' post, I guess this is what you are after:

http://www.forexfactory.com/showthre...54#post4113254


ukcool, you may take a look of above link as well. btw Marge is still mad on my loser trades......lol



homersimpson

many thanks for your help
  • #21,960
  • Jan 22, 2011 12:07pm Jan 22, 2011 12:07pm
Miss Pips,

I have a question on your entry rules regarding the Trix and MTF cloud indicators. You said you need 6 green or 6 red for an entry. Is that 6 out of the trix (two sections of 4 squares each) or 6 out of all (three sections 4 squares in two sections and one in the last).

To put it another way is is 6 out of 8 or 6 out of 10?

I have found that these indicators are critical in keeping me out of fakes and I just wanted to make sure I was reading you right.
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