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Spud's Predictive MTF Stochastics

  • #1,601
  • Mar 10, 2011 7:27am Mar 10, 2011 7:27am
Quoting despichtt
Perhaps you are very rigth about this 5min Stoch; I've been thinking a lot about this.
It does spook me out many times if already overb/s..
Remembering Spuds words he only used 5min for a signal; perhaps better listen to him.
Its just the twist in me so much that I dont like those bigger Stops to use.
Still got all those scalping missery between my ears.
Took a while before I could dump the 1min chart as well for this reason(spooks you out even more!); perhaps its best to even drop this 5min chart as well!?
This big twist in me..

I have to admit I feel very much like you in this. It's quite a big change to move up to higher TimeFrames for me.

As you said: Still got all those scalping missery between my ears.
__Thanks__ MJ
  • #1,602
  • Mar 10, 2011 9:23am Mar 10, 2011 9:23am
Quoting M_j
I have to admit I feel very much like you in this. It's quite a big change to move up to higher TimeFrames for me.

As you said: Still got all those scalping missery between my ears.
It's such a horrible feeling from those bad habbits of taken fast profit..

If I now look back at the GBP I feel realy sick!
Life is great!!
  • #1,603
  • Mar 10, 2011 3:06pm Mar 10, 2011 3:06pm
Quoting skyline
I modified AllStochastic indicator to show automatically lines starting from M1,M5,M15 to D1 so that it would be more easy to follow on chart latest Spud's teaching
skyline, could you please post the All Stochastic v1.2 source so I can add my own improvements ?

Thanks
  • #1,604
  • Mar 11, 2011 1:03am Mar 11, 2011 1:03am
hi Koopa,

not sure if this is of any help but I have the v.1.0 source
Attached File(s)
File Type: mq4 All Stochastic v1.0.mq4   9 KB | 575 downloads
__Thanks__ MJ
  • #1,605
  • Mar 14, 2011 6:24pm Mar 14, 2011 6:24pm
Quoting despichtt
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.

hi despichtt,

I tried a version which does the color change correctly backwards.

I just checked it very fast on the 5 min - so you would have to test it a bit more before using it in live trading.

But it looks quite ok.
Attached File(s)
File Type: ex4 MTF_StochColorBars_mj_v1.02.ex4   6 KB | 591 downloads
File Type: mq4 MTF_StochColorBars_mj_v1.02.mq4   6 KB | 730 downloads
__Thanks__ MJ
  • #1,606
  • Mar 14, 2011 6:44pm Mar 14, 2011 6:44pm
Is there something wrong with the old stochastic color bars...???
No man is free who is not a master of himself. -P.M.-
  • #1,607
  • Mar 15, 2011 1:54am Mar 15, 2011 1:54am
Quoting pmullin86
Is there something wrong with the old stochastic color bars...???
I do not use it too much: but I guess it is fine. Probably despichtt knows it best.

See the post: http://www.forexfactory.com/showpost...postcount=1570


the new version is just slightly different and should update the past bars also (at least I hope
__Thanks__ MJ
  • #1,608
  • Mar 16, 2011 3:07pm Mar 16, 2011 3:07pm
Quoting M_j
hi despichtt,

I tried a version which does the color change correctly backwards.

I just checked it very fast on the 5 min - so you would have to test it a bit more before using it in live trading.

But it looks quite ok.
Bit late, sorry; didnt do much today(hangover..).

Looks good again!

Not quite sure witch one to use anymore..

Its nice to look back for the running day and see how the situation looked when you were watching it real time; before correcting backwards.

On the other hand it gets a bit messy to see all the color changes when not correcting backwards.

If you look backwards in time on the colorbars(corrected situation), you know not all colors were the same for the real time situation.

Thanks again MJ!
Life is great!!
  • #1,609
  • Mar 16, 2011 3:33pm Mar 16, 2011 3:33pm
hi despichtt,

that's the pain of choices

Anyway I did an improved Direction Alerter (someone else asked too) which might or might not be of interest to you.

I have posted it here: http://www.forexfactory.com/showpost...&postcount=114
__Thanks__ MJ
  • #1,610
  • Mar 16, 2011 3:43pm Mar 16, 2011 3:43pm
Couple of situations for the EUR today; included the rope; look at the vertical lines..
Attached Image (click to enlarge)
Click to Enlarge Name: 210211 c.jpg Size: 248 KB
Life is great!!
  • #1,611
  • Mar 16, 2011 4:14pm Mar 16, 2011 4:14pm
despichtt there our so many indis on this thread.
Which ones our u using, could u share ur indis or template.
  • #1,612
  • Mar 16, 2011 4:45pm Mar 16, 2011 4:45pm
Quoting ukcool
despichtt there our so many indis on this thread.
Which ones our u using, could u share ur indis or template.
The visual lines from Stochastics: #MTF Stochastics v2.0.mq4

Colorbar Stochastics: MTF_StochColorBars_mj_v1.00.ex4

For the rope I also use #MTF Stochastics v2.0.mq4; settings (6,1,3); (7,1,3)... (24,1,3)
Attached File(s)
File Type: mq4 #MTF Stochastic v2.0.mq4   6 KB | 794 downloads
File Type: ex4 MTF_StochColorBars_mj_v1.00.ex4   6 KB | 672 downloads
Life is great!!
  • #1,613
  • Mar 16, 2011 4:49pm Mar 16, 2011 4:49pm
thanks buddy
  • #1,614
  • Edited 5:44pm Mar 16, 2011 5:28pm | Edited 5:44pm
Quoting despichtt
The visual lines from Stochastics: #MTF Stochastics v2.0.mq4

Colorbar Stochastics: MTF_StochColorBars_mj_v1.00.ex4

For the rope I also use #MTF Stochastics v2.0.mq4; settings (6,1,3); (7,1,3)... (24,1,3)
I don't mind but is there a good reason to use for the rope #MTF Stochastics v2.0.mq4?

If you do not plot it on a different chart TF I would use the normal Stochastic. (or the one without values i posted in the other thread.)
__Thanks__ MJ
  • #1,615
  • Mar 17, 2011 6:06am Mar 17, 2011 6:06am
Quoting ukcool
thanks buddy
Don't forget to reload the template after starting up MT4 if you're going to use the colorbars!
It will than correct the previous colorbars..
Life is great!!
  • #1,616
  • Edited 9:10am Mar 18, 2011 8:19am | Edited 9:10am
deleted because of next post
__Thanks__ MJ
  • #1,617
  • Mar 18, 2011 8:58am Mar 18, 2011 8:58am
hi need a small help,

I based my ColorBar Stoch on this indi.

Quoting despichtt
This is Indicator I was talking about.

I was just playing around and added a #MTF Stochastic v2.0
And I noticed some differences.


Look at the picture: maybe I have just a mind block for a moment or it's because I'm on linux or the MTF Candle closes.

But when I look at the pic it does not look as I would expect it?

Maybe someone else could take a look at it.

I attached the two orig. indicators. (just changed color and default settings to 5 min.

So if you add both of them and look at it on a 1 min chart: that's what I did.
Attached Image (click to enlarge)
Click to Enlarge Name: ProblemOrNot.png Size: 26 KB
Attached File(s)
File Type: mq4 Color Stochastic v1.02.mq4   12 KB | 553 downloads
File Type: mq4 #MTF Stochastic v2.0.mq4   6 KB | 550 downloads
__Thanks__ MJ
  • #1,618
  • Mar 18, 2011 9:22am Mar 18, 2011 9:22am
It shouldn't be orange because you are on the 1 minute chart looking at the bars for a 5 minute stochastic so it takes 5 1 minute candles until the 5 minute stochastic updates so what I see in this picture is that the last close of the 5 minute stochastic was pointed down and the M1 is reflecting it moving up representing the open portion of the 5 minute stochastic that would be wiggling around until the candle closes and so at the time when the next 5 minute candle would open the bar changes and shows the color for the now closed up 5 minute stochastic...so it is being displayed correctly...
No man is free who is not a master of himself. -P.M.-
  • #1,619
  • Mar 18, 2011 9:32am Mar 18, 2011 9:32am
yes, it's the MTF close.


Anyway: I added a option to show also Direction when the stoch is in overbought/oversold
ShowOnlyDirection=true

MTF_StochColorBars_mj_v1.03.mq4
Attached File(s)
File Type: mq4 MTF_StochColorBars_mj_v1.03.mq4   7 KB | 747 downloads
__Thanks__ MJ
  • #1,620
  • Mar 20, 2011 10:35am Mar 20, 2011 10:35am
I'm working on some new MTF Stochastic && ColorBars With interpolation.

Have to wait for live ticks so I can see the active candle.

I hope to address a couple of issues I did not like - but not sure if it really works

1.
I never used the '#MTF Stochastic v2.0.mq4' indi much because it did not draw till the active time. e.g. H4 ( I guess it was on purpose but I still did not use it)

2.
Other MTF Stochastics indis did plot till the active time but did not use interpolation so you had the 'steps' lines.: also did not like it too much.
So I mainly used multi charts with different timeframes.

3.
as 'pmullin86' pointed out the ColorBars Stoch does draw ok - but I still would like to have the option to plot it in accordance with an interpolated line.


I hope I can get it work: I'm by far not an advanced MT4 programmer.
__Thanks__ MJ
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