Spud's Predictive MTF Stochastics

Very good stuff..

You are a true Hero Spudfyre!

I dont know if you're still out there but I like to write your name in my testament!!!

Mark "MegaPiP" Thespichtt

Hi Sarah,

Are you still out there?

This indicator is exectly what I'm looking for!

It performs perfect on Stoch(5,3,3) but the result are different from what the Stoch(14,3,3) is telling me on chart..

Any idea?

Looking at her profile I guess not: Last Activity Mar 1, 2009

Same goes for Spud: last post: Posted Jan 10, 2009


Anyway: personally I think it's very worthy looking through his threads.

Wish you all the best in your trading effort.



PS: about the indicator: I did never use that one.

Hi,

Good to hear from you!

I read the whole thread; also read Escalator thread; both very interesting.

I like both but this one became a bit too technical somewhere in the middle; I like Stochastics very much but I also like to keep things simple.

I saw you are a very good programmer as well!

I'm not much of a programmer myself but perhaps you can help me out on another indicator I like very much as well. Its probably a peace of cake for you.

Its about the Color Stochastics version 1.2 from the Escalator thread; if it could update the collors every, lets say 30 seconds or so, I have a very nice strategy on this indicator.

I've been studying Stochastics for long now and its always been my favorite indicator; considering myself an expert on all signs of divergence as well. Also been studying the bias of all lines on all TF's together to make good decision on witch figures are good for profitable trades.

Can you help me out on this issue on the Color Stochastics version 1.2? Its much easier to expain the rest of the strategy if this indicator would update its collor bars on a regular base.

I will than publish the whole story on my strategy.

This is Indicator I was talking about.

The collors update nicely if I reload my templates though but it gives me a headache doing this so often for the Futures I play(EUR/USD, CHF/USD and GBP/USD).

It doesnt work by refreshing chart strangely..

Please help me on this issue, you would make me very happy!

hi despichtt,

Well, I'm not a particular MT4 programmer - all this programs on this thread where done in an other customized trading suite.

Anyway - I will take a look at your indicator.

I had a collection of Stochastic Indicators somewhere - maybe there is something of interest for you - I will have a look later on.

[quote=M_j;4444982]hi despichtt,

Well, I'm not a particular MT4 programmer - all this programs on this thread where done in an other customized trading suite.

Anyway - I will take a look at your indicator.

I had a collection of Stochastic Indicators somewhere - maybe there is something of interest for you - I will have a look later on.[/qu


Thats very kind of you!

If I could see the colored bars at the bottom of the chart real time in stead of updating only every clossed bar it would make life so much easier for me.

Its perhaps allready fixed in some other indicator as well, couldnt find any.

Looking forward!

hi despichtt,

I could now identify what you mean. I will have a look at it.

I think there is an other indi which does what you want - but has not all the alerts ...

hi despichtt,

Well the indicator I had in mind had also some problems.

Anyway: I did some changes for you.


I think I did a fast hack of what you wanted.

BUT there is some general problems involved with this - it is important that you are aware of it.


Let's assume you plot on a 15 min chart. The 15 min StochBar should be correct and update with the live candle.

If you plot a higher TimeFrame StochBar you get such problem.

e.g. 30 min Stoch.

On a 15 min chart you get 2 bars for ONE 30min bar.

Here is the problem: when the first bar of the 2 finishes - it has one particular color - let's assume 'DownTrend' (in the new version the correct color at that time as it changes color with the live active candle)

But what happens if in the next 15min the 30min stoch actually turns up and at the end of the 30min candle it has a ' UpTrend'

So you get your second bar on the 15min chart as 'UpTrend'.

Now you have the problem that your PAST candle is not any more correct in the light of the finished 30min candle.

There should be 2 "UpTrend bars" on the 1 min Chart.
But you got: 1 "DownTrend bar' and 1 "UpTrend bar"

Just that you are aware of it.
The actual bars are correct (except I made a mistake ) at the time when the chart's candle (in our e.g. 15min) closed.

I hope you got my point.


I also added an additional color in the rare case that a stoch is neither up nor down but flat (only in between overbought and oversold area)


I did not checkmuch if all works correct - as this takes time until the higher time-frames stochs update.

Just try the attached indicator - if it does what you where looking for.

Ok here are most of the stochastic indicators I have collected over time - some of them might not even work or work wrong and many I never tested. There might be also a couple of other indicators between them.

But there might be a couple of interest.

You did a great job MJ; I'm very happy with the things I see rigth now!

I don't mind about the incorrect color of the previous bar. In fact I think its of great support to my strategy.

Its a perfect day for testing as well since I don't like trading before the Payrolls at all so I will report on this later on.

I will write my strategy down as well.

Perhaps better to start some new thread!?

Thank you so much for the work you've done so far MJ!

Glad if I could help a bit.

At the moment I'm playing a bit around with additional trend lines.

I thought someone else might find the attached indicator also useful.


(Nothing special new - similar float around).


Anyway here a short description: TrendAndHLine_Alerter_mj_v1.00.mq4

1. I did not test it much as I just put it together.

2.this is based on my own need which is: For alert I need at the most 4 H-Lines/Trend-Lines.

(There might be other Trend-Lines but I do not need any alert on them.)

3. If any Alert is hit I disable all others too. Because in my case if a alert is hit I want to re-examine the situation and than take accordingly action.

4. One cane set freely the sound-file, display some info ....



SET ALERT:
/*
You can assign 4 objects per chart to be alerted when price touches them or with a defined offset

HLines and Trendlines are supported

To activate them: you need first to draw them on the chart and then use there names ( to assign here )
if empty it is not included
*/

TrendAndHLine_Alerter_mj_v1.01.mq4 minor change with the Digits.

Just to let you know:

I try a new trading journal for some test purpose: http://www.forexfactory.com/showthread.php?t=283259

Cheers Mate, you did a hell of a job!

See the vertical lines for possible setups to trade.

I didnt play both of them unfortunately; not the Euro. I didnt trust the first move after the Payrolls.

I did play the CHF though; that was all!

It was a strong setup; in fact it doesnt get much stronger with all lines from Stochastics perfectly in place..

I pointed my arrows on the first pivot point after the strong setup on the CHF..

It reached in no-time so I took profit.

Like so many times; when I make a nice run like this one I call it a day!

hi despichtt,

looking at your pictures I guess one could make one indicator which only points out when all the Colors are the same - but probably it is not of much use as you will anyway plat the different TF Stoch bars for a general overview.

Looking forward to see some more screen-shots of your live setups in the near future.

All the best.