On My Way To The Top

Here is what I consider a countertrend move that I've taken simply because there was slight bearish divergence...a close below moving average with moving averages crossed as I like with a trend line break on both stochastics and a trend line break with price but I saw the 200 sma creeping up by the 61.8 fib of yesterdays high to low so I targeted the 200 sma...and when price reached that level I took half my position and closed the other half at the fib level...and I left off the important factor for this trade that the 15,30,5 and hour stochastics were pointed down at this time and the stoch rope was as I would like as well...and the price broke below the fib level as a support turned resistance now...I'm not sure if anyone has noticed or not but I like a confluence of reasons to take a trade that way it than becomes a higher probability trade with a higher edge...as spud has broken down quite a few times the way that adding extra time frames increases the percentage price may go in your favor well in my eyes it is the same concept...the h4 has risen up like I thought it would with the daily stochastic looking to close below 80 as I thought and so I think next week may be quite bearish as the h4 meets the daily and they both fall together...but thats just speculation...either way attached is the pic...today was full of a lot of pips...hope everyone caught plenty...I know the mtf stochastics caught a lot of those moves today...and the past few fridays have been great for catching a lot of pips so hopefully tomorrow is the same...take care...

Paul

Blue response

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3. it makes some of the action to perform more easily understand and selectable by grouping it together.

You got the picture very clear! I think this is the only way to be able to make alert for both up and down signal in 1 Alerter if you want to implement conditions for comparisons.

I'm not clear about your thought that one needs two sets to have up and down comparisons in 1 alerter. But maybe you mean something else than what I read.


E.g something like that: check on Set1 Direction
SET1 M1-Monthly
SET2 M1 to Monthly

I know understand very clearly what you mean with sets! Is it also possible to compare indiviadual lines within 1 Set; like: 1min > 5min to put it simple?

Sorry to disappoint but I guess the set stuff is still unclear - also no problem because I did not go into details.
The first main point of having sets is exactly what your question is about.
To make comparisons within the set.

Because from my trading experience, as well as what you guys shared we usually do such. (as I said similar to one indicator window with multiple stochs) (It's also a kind of grouping for visualisation and decision reasons)I'm yet unsure if I will implement and allow comparisons of individual stochs between the two sets. Like compare SET1_ M1_stoch with SET2_M1_stoch.
Even though I understand the purpose of such at times: it defeats a bit the idea of whole sets. Will see.


Plus 3 extra stochs not included in any sets for other functionalities.

e.g. Spud used in some setups the 14,1,1 and the 14,3,3 on a 5M with different purpose.
Would be great for some Elastic figures; signaling etc..!

Scenario: (14,3,3) is above (100,3,3) and yet Fastest line(6,1,1) is below (100,3,3) for nice scalping!!

Side Note: About Elastic there was actually a indicator someone else played around ( I think it should be in the zip files of stochastic indis I posted recently on Spuds thread.
I also had written some stuff more specific for visualisation of elastic setups.

hi despichtt,

something of some interest to you:

I'm redoing some thinking on the argument of: ReAdjusted Past data.

I know you used it in such a way that Past data after the Chart had started did not readjust.

I don't think I will support such in the new alerter and probably remove it from any new UStochastic.

Reason:
1.
If you would have a stoch applied to a other chart with the Higher TF period: one would also not see such.

2.
it would be a stronger reason for me to keep it - if the (Real past data are also like that: but you know that they are adjusted when you switch period or start the chart first).

So for the Alerter this would give a very strange situation: Real Past data would be adjusted and your next data would be not adjusted: this would in the end confuse more and be even more inconsistent.

3. with the given points I see not enough reason to keep the additional code supported.


To conclude: I will be using only interpolated data: which are most closely representing the actual Stoch situation.

You can play with the potential differences if you use the : UStochastic_mj_v1.08.mq4

http://www.forexfactory.com/showpost...postcount=1625

if you need guidance about which settings to use just ask.

NOTE: in the new version of UStochastic as well as for the Alerter I will only use Interpolated data (which means it is always readjusted.)
__________________



hi pmullin86,

I think you probably did not follow the discussions about re-adjusted past data - as you did not really use it.

So to make it short: I will follow the way you are used to: (this means Interpolated data for MTF)

Just woke up; I'm late today..

3. it makes some of the action to perform more easily understand and selectable by grouping it together.

You got the picture very clear! I think this is the only way to be able to make alert for both up and down signal in 1 Alerter if you want to implement conditions for comparisons.

I'm not clear about your thought that one needs two sets to have up and down comparisons in 1 alerter. But maybe you mean something else than what I read.
What I ment but perhaps not to well thougth through was following:
If one make conditions for lets say 1min has to be between [20,60] for going long AND 1min between [80,40] for going short. You next want to compare 1min with 5min like: 1min > 5min for short Alert. For long Alerts you want to make different comparison like 1min < 5min. I'm now realizing its probably also possible to make 2 comparisons for the 1min within Set1(not having to split all the comparisons for long and short alerts in different Sets).
Next step would be to compare (1min with 15min); (5min with 15min) and so on. Not sure how you're going to adress this issues yet. Can you give me a glimpse of your thinkings on this issue of comparisons?


E.g something like that: check on Set1 Direction
SET1 M1-Monthly
SET2 M1 to Monthly

I know understand very clearly what you mean with sets! Is it also possible to compare indiviadual lines within 1 Set; like: 1min > 5min to put it simple?

Sorry to disappoint but I guess the set stuff is still unclear - also no problem because I did not go into details.
The first main point of having sets is exactly what your question is about.
To make comparisons within the set.

Can you make comparisons like (1min > 15min) for short Alerts as well as (1min < 15min) for long Alerts WITHIN one Set??

Because from my trading experience, as well as what you guys shared we usually do such. (as I said similar to one indicator window with multiple stochs) (It's also a kind of grouping for visualisation and decision reasons)I'm yet unsure if I will implement and allow comparisons of individual stochs between the two sets. Like compare SET1_ M1_stoch with SET2_M1_stoch.

If all I wrote before is possible I wouldn't try to make 2Sets probably. Not sure though..
-----
To conclude: I will be using only interpolated data: which are most closely representing the actual Stoch situation.

Sounds perfect to me!

You can play with the potential differences if you use the : UStochastic_mj_v1.08.mq4

http://www.forexfactory.com/showpost...postcount=1625

if you need guidance about which settings to use just ask.

NOTE: in the new version of UStochastic as well as for the Alerter I will only use Interpolated data (which means it is always readjusted.)

Again, good idea!!

Hi Paul,
What did you make of the Spuds Sonic theory?
I included Templates with Stochastics(100,3,3): Color White.
Included (14,3,3): Green line.

First Chart: Sonic(x,1,1) settings..
Second Chart: Rope(x,1,3) settings..

Picasso would have been proud of me probably!

To me the sonic is the same as the rope but just different settings like for example if you used the 5,3,3 and I use the 14,3,3 the slowing period is just different which makes the stochastic either less responsive or more responsive with each movement that price makes...I think since we are on the 5 minute the stoch rope eliminates some of the noise from the lower slowing period of the sonic...that was a bad example but I'm sure you know what I mean...I did however like his dynamic cross and dynamic filter...and the implementation of the stochastic time period crosses towards the end of the predictive stochs thread...that works very well but isnt good for tracking numerous pairs at once very tedious process involved but effective nonetheless..

Paul

REPLY BLACK:

I know understand very clearly what you mean with sets! Is it also possible to compare indiviadual lines within 1 Set; like: 1min > 5min to put it simple?

Sorry to disappoint but I guess the set stuff is still unclear - also no problem because I did not go into details.
The first main point of having sets is exactly what your question is about.
To make comparisons within the set.

Can you make comparisons like (1min > 15min) for short Alerts as well as (1min < 15min) for long Alerts WITHIN one Set??YES

If all I wrote before is possible I wouldn't try to make 2Sets probably. Not sure though..

The second set would be nice if one wants to do some stuff like 'pmullin86' has on some charts: the MTF 14 stochs (SET1) and the MTF 100 stochs (Set2)

NOTE: in the new version of UStochastic as well as for the Alerter I will only use Interpolated data (which means it is always readjusted.)

Again, good idea!!

I'm at the moment cleaning up the UStochatic as the Alerter will be partially based on it. So not too much exciting new stuff for the moment.

Reply Blue:

To me the sonic is the same as the rope but just different settings

I see it exactly like you.

like for example if you used the 5,3,3 and I use the 14,3,3 the slowing period is just different which makes the stochastic either less responsive or more responsive with each movement that price makes

exactly my opinion too

...I think since we are on the 5 minute the stoch rope eliminates some of the noise from the lower slowing period of the sonic...that was a bad example but I'm sure you know what I mean...

I did however like his dynamic cross and dynamic filter...

I'm not sure now: but I guess if the alerter works out as I hope you should be able to use that as criteria too.


and the implementation of the stochastic time period crosses towards the end of the predictive stochs thread...

If you mean when he switched from a 5min main chart to the next higher(M15 as main chart). My experience is that it works at times and quite often not so well. (especially when one approaches it more mechanically.) It is basically the idea of 'Spud's Escalator to Pips' brought to lower TF.

that works very well but isnt good for tracking numerous pairs at once very tedious process involved but effective nonetheless..

Paul

Quite funny,

hi guys,

Something quite funny happened. Because I do not have a regular day job I sometimes loose a bit track of the week day.

Do now I was doing a couple of things on the Alerter - and wonder why nothing happens

Took me quite a while to figure out it was already Saturday again


Anyway some small updates:
Yesterday I got a bit stuck with some smaller issues: mainly with the ClosedCandle option. As always when one start the small problems creep in ( same goes for real trading doesn't it?)

1.
I had an additional idea for the Alerter functionality which might be interesting too.
To have an additional option to allow plotting Vertical lines when a alert goes of. I thought that might it quite easy to spot them through the whole chart. (not just the indi bar.)
It's actually what you guys are mostly doing on your screenshots - if you want to show some interesting points.

pmullin86: you asked once for plotting arrows on the main chart: which we discussed a bit: as I still would like to keep the indi window (at least for the moment) maybe this VLines are something you might appreciate.

2.
To be honest I did not do much on the Alerter itself: but mainly pre-requirements and related stuff.

- Mainly: cleaning up my customary MTF stochastic as this will be a main base for the alerter.

- Started also a MTF Moving Average which plots interpolated lines till the end too. Also a big base for the alerter: Meaning we can apply also real MTF MAs.

- I will implement nearly the whole Alert functionality into both of them which means:

*You guys will be able to play around quite soon with most of the functionalities and get yourself familiar with it.

*Also you guys can check and make sure both of the MTF indis work correctly - as I probably have not the time to watch all of this. (share the work load So you might considering to not trade a couple of days and test them and play around with it.


Clarification: I will implement nearly the whole Alert functionality into both of them which means: does not mean this is 'OUR Alerter' with the sets etc.etc. It's just tat the general functionalities like being alerter on MTF, Vline Alert, WriteToFile etc. are implemented.

Below I did a small review pic which shows what I mean by the VLines.

It can also be applied to past data.

I used a M5 MTF Stoch on a M1 chart. Alert for cross above 80/below 20 levels.

Note the time of the Vlines: this are on the interpolated stoch with LiveCandle.

1.
I had an additional idea for the Alerter functionality which might be interesting too.
To have an additional option to allow plotting Vertical lines when a alert goes of. I thought that might it quite easy to spot them through the whole chart. (not just the indi bar.)
It's actually what you guys are mostly doing on your screenshots - if you want to show some interesting points.

Very nice!!

pmullin86: you asked once for plotting arrows on the main chart: which we discussed a bit: as I still would like to keep the indi window (at least for the moment) maybe this VLines are something you might appreciate.

2.
To be honest I did not do much on the Alerter itself: but mainly pre-requirements and related stuff.

- Mainly: cleaning up my customary MTF stochastic as this will be a main base for the alerter.

- Started also a MTF Moving Average which plots interpolated lines till the end too. Also a big base for the alerter: Meaning we can apply also real MTF MAs.

- I will implement nearly the whole Alert functionality into both of them which means:

*You guys will be able to play around quite soon with most of the functionalities and get yourself familiar with it.

Would be realy great; also the MA integration!

*Also you guys can check and make sure both of the MTF indis work correctly - as I probably have not the time to watch all of this. (share the work load So you might considering to not trade a couple of days and test them and play around with it.
Well.. try to make some money in the early Europe session and testing all day on all my favorite futures at the same time!!

Realy looking forward MJ! Some peace of art you're working on; thats for sure.

Besides: I'm almost through the Sexy Thread and have found this Slingshots you were talking about. Did you add MACD for this reason? What you make of this story so far?

I heared you saying you were also adding some 2 addition Stochs for costum settings: you could than scan for the SexyMan criterea as well(with 3Stochs from same TF). Not sure what to make of the %D settings in this case though.. Perhaps just leave and only use %K, I think?

Mark

Response in Blue MJ


Besides: I'm almost through the Sexy Thread and have found this Slingshots you were talking about. Did you add MACD for this reason?

No, MACD I first added when I looked at spuds other thread (BTW: it's not only the color change but he did have stochs criteria there too) (The slingshot place I just skipped through out of interest but that side has some other stuff too.

Main reason was the 4 Hour MACD thread.

What you make of this story so far?

I heared you saying you were also adding some 2 addition Stochs for costum settings:

I had planed in my layout 3 additional Stochs. Main reason was something along this line: The two sets you have per TF only 1 stoch. and are more bound to the set. (to early to finally decide - first I have to get some errors with the Closed Candles out of my way)
But sometimes one wants to add some other stochs (same TF or any other) like Spoud did with the secon M5 14,1,1 or the additional M1 stoch filter.

you could than scan for the SexyMan criterea as well(with 3Stochs from same TF).

Maybe - will have to see how all works out: at the moment this are just ideas.

Not sure what to make of the %D settings in this case though.. Perhaps just leave and only use %K, I think?

Well, my plan was to deactivate for the MTF stoch the D% line but to leave it possible for the 3 extra stochs.
Of course the real point will be what in the end I will really implement especially for the criteria to produce alerts. One will have to limit all to some chosen options.

Otherwise the configuration for each setup will be so complex that one will not really use it.
Or I would have to think about saving such to a file and somehow read it in so one could configure it in a file. But to be honest I don't bother about it for MT4 at the moment.
I'm happy enough if the Alerter works more or less to support the live trading day.

The other thing is: I'm not really sure if I myself will make so much use of it - but who knows

Maybe you guys finds the 'Easy get rich settings' and are so kind to share them with me

Sounds very good to me MJ...thanks for putting in all the work that you have been with this alerter...and as far as losing track of the days lol its pretty funny you say that because the same thing happened to me midweek where I thought it was Tuesday and it turned out it was actually Thursday...I get so lost in the systematic shuffle that I myself often lose track...but I look forward to playing with this all inclusive alerter.

Paul

Maybe you guys finds the 'Easy get rich settings' and are so kind to share them with me
I have lots if ideas; thats for sure! Ofcourse I'm gonna share all; we'll find some nice settings; I'm very sure!
The other thing is: I'm not really sure if I myself will make so much use of it - but who knows
You will; I prommise..
Well, my plan was to deactivate for the MTF stoch the D% line but to leave it possible for the 3 extra stochs.
That would be the ideal option to me; to leave it in the optional stoch settings. 3 extra is perfect!

Not sure if I know that exact one. But I did a Color Stoch for MT5 (it's easier there) which showed the direction by color. Some pics on Spud's thread have it plotted.

I was thinking of doing something like that when I changed the ColorBars indi for you. (That original has color applied to overbought/oversold if you use line display).

But I do not like it how the color is applied. ( I guess a problem how lines are drawn between two bars. Just take a look at the orig: ColorBar inid with line display and Colors for overbought oversold: the color starts always already within the between area.
Don't think one can do much about it.

For the Color MA this is not so obvious but on the stoch it I dislike it.


Well an other pic for the basic stochastic which who alerts when K% crosses D% line ( some people make use of this e.g. bringing sexy back - stochastics http://www.forexfactory.com/showthread.php?t=13321 this Spud did not to my knowledge)

Took my nearly a hour to track a stupid mistake where I forgot to ad: +1


Still fighting with the ClosedCandle option.

And now one which comes closer to some stuff we might want to do.

Combine two of such criteria. In this case a OR combination. (We alert if this is triggered OR we also alert if the other is triggered)

BTW: I use Red for LONG(UP) and Blue for SHORT (DOWN)


Anyway:look carefully: the Dark Red/blue are when K% crosses 80/20 levels: the light one when K% crosses D% line

This one uses the current TF

hi guys,

I attach a unfinished play stuff with some pdf explanations.

ATTACHED:
UStochastic_mj_v4.06.ex4 (when finished I post source file.)
UStochastic_mj_v4.06UNFINISHED_STUFF.pdf
UStochatic_mj__EURUSD__M1__2011-3-26--14_42_47.csv (File written as example)
BTW: in MT4-tools-option-charts: I have set: Max bars in Chart to only for this small test.

This is not our 'Alerter but the cleaned up improved Universal stochastic (some parts as discussed before I have removed)

Alerts should also work with Color Bar display

PURPOSE: you guys can play a bit with the settings (remember there are no live data today
and maybe discover some error too. Also to see if the pdf is clear enough.

Anyway: the basic alert functionality should not much change so - you

Not sure if I know that exact one. But I did a Color Stoch for MT5 (it's easier there) which showed the direction by color. Some pics on Spud's thread have it plotted.
I'm happy; allready found one(next page on the Sexy thread)! Don't think I'm gonna use..

Took my nearly a hour to track a stupid mistake where I forgot to ad: +1
Hi, I can remember some of that missery from the past. After you found out what it was you can kill yourself for not having noticed while it can be such small things. Lol!

Perhaps I show some of the Sexyman thread to our friend pmullin as well.

http://www.forexfactory.com/showthre...13321&page=168

I dont know if you read the story Paul?

Nice theory about some smooter settings within the same Stochastics TF.

Settings:Signal line(5,3,3); Slower lines(20,10,20) (50,10,20) and (100,10,30).

You are looking for crossings inline the blue and red lines from Stochastics.

I added color MACD settings(40,90) from higher TF within the Stochastics Frame as well to see for some continuation of trend plays. Also added normal TF MACD at the bottom of the chart(settings(8,18,8)). Idea is the same but also the fast line(green) from stochastics has to leave the MACD colors to drop back through it(look at the vertical line for the action on the chart). There or more settings in the thread(page 164-End in the thread)..

These settings are nice for trend play but the MTF Stochastics lines(we usualy watch) respond better to quick changes. Nice to combine all!

Both MTF Stochastics(including rope) and the Sexyman(1TF) in one chart.

White vertical line: look how you would have missed the great opputunity when only looking at the Sexyman settings.

hi,

as I started the MTF MA indi: I came across a good example what I meant by:

the two option for: what_when_AlerterOption

Top= what_when_AlerterOption=1
Bottom= what_when_AlerterOption=0

I thought I post it maybe a picture says more than my explanation. BTW: the info is in the pdf I attached to the unfinished play stochastic indi