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Indicators for the 'Trading Made Simple' system

  • Post #81
  • Quote
  • Edited 4:25pm Jun 3, 2011 4:12pm | Edited 4:25pm
Hello,

I'm trying to build the TDI indicator in OmniTrader but I'm having a problem matching up OmniTrader's RSI with MT4s (which is the base of the TDI indicator).

I've look around the net and found the equation for RSI:
http://web.streetauthority.com/terms/r/rsi.asp
http://stockcharts.com/school/doku.p...ngth_index_rsi

When I a manual calculation for RSI it doesn't match MT4s level.

Does anyone have an idea why or what MT4 is doing different in their RSI calculation?

Here's an example:
RSI(3)
to keep it simple, but I've tested with longer periods and get similar results.

Close of bar one: 1.46221
Close of bar two: 1.46378
Close of bar three: 1.46378 (same as close of bar two)

According to the actual RSI equation:

Calculate all the up and down days:
1.46221 - 1.46378 = -0.00157
1.46378 - 1.46378 = 0


Average of total up days = 0 / 3 = 0
Average of total down days = 0.00157 / 3 = 0.000523

0(avg up days) / 0.000523(avg down days) = 0.000523

Add 1
1 + 0.000523 = 1.000523

100 / 1.000523 = 99.9477

100 - 99.9477 = 0.05....

So the RSI(3) for the marked day should be about 0 but MT4 is showing 27.8084

Anyone have an idea how it calculated 27.8084?


Any insight would be greatly appreciated. I've spent like 10hrs now trying to duplicate the TDI in OT and it looks like the RSI calculation is the issue. If I can figure out how it's getting 27.8084 I should be able to code OT to duplicate it.


Thank you,

Lain
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 153 KB
Quoting plamendp

  1. Shows last 2 bars TDI Delta (slope as units per candle)
  2. Slope Histogram
  3. Alerts: Popup and Email
  4. Alerts based on slope value while Green crosses Red
  5. Repaint/Non Repaint switch
  6. Alert logging in a file under "experts/files"
  7. Multitimeframe
  8. Multisymbol
  9. Colorize last bar
  10. Equal to Big E's original "TDI" If all options are left by default

Hint: Apply several indicators on the same chart and set different currencies and/or timeframes, i.e. use its MTF/Multisymbol capabilities!

Hint: Play with...

plamendp, please, add in your indicator (@TMS_TDI_SlopeAlert or @TMS_TDI_Slope) Yellow Market Base Line
Here you go.

* Added back Up/Dn and Mid Zone (Blue/Blue and Yellow lines)
* Shows Heiken Ashi (Synergy) Candle info: Body/Upper Wick/Lower Wick
* Requires: Synergy_APB.ex4 (attached)
* Removed Histogram option
* By Default only Green and Red is are visible
* Changed Name to "TMS TDI WatchDog" to reflect the mix of TMS/TDI and alert functionality



Enjoy!
Attached File(s)
File Type: ex4 @TMSTDI_WatchDog.ex4   23 KB | 2,285 downloads
File Type: ex4 Synergy_APB.ex4   4 KB | 1,787 downloads
Bah...
Hey there,

Can anyone tell me how the watchdog actually works? In terms of:

Current HA - i get this is the HA candles but what is a good signal for buy and sell in this case?
Curr Slope - what is a good signal for buy and sell in this case?
Prev Slope - what is a good signal for buy and sell in this case?
Quoting courtz
Hey there,

Can anyone tell me how the watchdog actually works? In terms of:

Current HA - i get this is the HA candles but what is a good signal for buy and sell in this case?
Curr Slope - what is a good signal for buy and sell in this case?
Prev Slope - what is a good signal for buy and sell in this case?
Read this thread from first post:

http://www.forexfactory.com/showthread.php?t=291622

Regards
Bah...
  • Post #86
  • Quote
  • Edited 8:37am Jun 8, 2011 8:15am | Edited 8:37am
Quoting plamendp
Read this thread from first post:

http://www.forexfactory.com/showthread.php?t=291622

Regards
hi, Plamendp. is that right set for your new watchDog?

and current HA: 6/0/1 . what those number means , thanks and great job on the indicator.

ps: sorry, I just clear about what those number mean. 6 is high of APB , 0 mean not up wick. and 1 mean small low wick.

OMG, you are really marvelous for make this kind indicator, thanks again.

and, Plamendp. is that possible to add alert option for APB body if reach preset number? thanks
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 128 KB
Quoting michaelwen
hi, Plamendp. is that right set for your new watchDog?

and current HA: 6/0/1 . what those number means , thanks and great job on the indicator.

ps: sorry, I just clear about what those number mean. 6 is high of APB , 0 mean not up wick. and 1 mean small low wick.

OMG, you are really marvelous for make this kind indicator, thanks again.

and, Plamendp. is that possible to add alert option for APB body if reach preset number? thanks
Yes, I can add a Candle/Wicks Size alert but it would be part of the Cross alert, i.e.

"If there is Cross with Slope > X *AND* Candle/Wicks are > Y then alert",

not just a Candle size alert!

Problem is the candle size alone is not enough as filter - you need to assess the candle/wicks combo PLUS the number of the candle in its color. Which makes it too complicated (not impossible, just too mich coding.. I am lazy..)

Anyway.. I'll see what can be done with minimum efforts :-)

Plamen
Bah...
Quoting plamendp
Yes, I can add a Candle/Wicks Size alert but it would be part of the Cross alert, i.e.

"If there is Cross with Slope > X *AND* Candle/Wicks are > Y then alert",

not just a Candle size alert!

Problem is the candle size alone is not enough as filter - you need to assess the candle/wicks combo PLUS the number of the candle in its color. Which makes it too complicated (not impossible, just too mich coding.. I am lazy..)

Anyway.. I'll see what can be done with minimum efforts :-)

Plamen
thanks plamendp, if my memory services me right, Big E only want big candle body size, in order said have enough force to push price . and sometime the candle size increase during the candle form, if we watch the chart , we might see it the chance to jump in. so, if you have alert give head up if candle body at preset number, we have more chance to catch the move. looks forward to your work. thanks
Plamendb,

Let me start by saying that I’m a complete noob so the numeric value for the slope is tremendously helpful. What I'm confused on is the alert. When true it alerts every tick so until the slope is below the threshold it goes off for hours (every tick on a 4H chart). Could it not just alert at the candle open?

If I have 12+ pairs on chart and there are multiple pair alerts the never ending bing bing bing is very confusing to my noobieness.

Thank you for your work.
pipnoob
Quoting pipnoob
Plamendb,

Let me start by saying that I’m a complete noob so the numeric value for the slope is tremendously helpful. What I'm confused on is the alert. When true it alerts every tick so until the slope is below the threshold it goes off for hours (every tick on a 4H chart). Could it not just alert at the candle open?

If I have 12+ pairs on chart and there are multiple pair alerts the never ending bing bing bing is very confusing to my noobieness.

Thank you for your work.
pipnoob
That's very strange.... It should fire alert only once for the whole bar for a given alert (Currency Pair + Timeframe + Alert Type is the unique key)

Example:
EURUSD, H1, "CROSS UP" event: alert and then, unless a CROSS DOWN happens afterwards, this alert should not be fired until the end of the H1 bar.

How many Watchdogs you are attaching to a single chart? Hmm... Any hyperexotic currency pair ? (Bulgarian Lev against Mongol .. whatever :-) ?
Bah...
I take no credits for this template, it can be found somewhere, but since many people asked for it, here it is: Synergy_APB in a separate window. Use this template as a starting base. Of course you need Synergy itself.
Attached File(s)
File Type: tpl #synergy_separate_window.tpl   1 KB | 1,370 downloads
Bah...
Believe I found the issue. My broker live account (Micro) pair names look like “EURUSDmicro” My demo account names look standard “EURUSD”. The demo account does not do this. This is the only difference between the two.

Can this be fixed or will I need to turn to the broker?

Thank you again,
pipnoob
Quoting pipnoob
Believe I found the issue. My broker live account (Micro) pair names look like “EURUSDmicro” My demo account names look standard “EURUSD”. The demo account does not do this. This is the only difference between the two.

Can this be fixed or will I need to turn to the broker?

Thank you again,
pipnoob
Broker can do nothing.. I have a solution not yet coded... For now you have to wait or use your demo... One of my accounts also have suffix added .. that's why I guessed about pair names...

It will be an option to specify PREfix and/or SUFfix, if any.

regards
Bah...
Quoting plamendp
I take no credits for this template, it can be found somewhere, but since many people asked for it, here it is: Synergy_APB in a separate window. Use this template as a starting base. Of course you need Synergy itself.
hi, Plamendp. please take look of chart. the indicator is as attach. it is use HA bar on the price chart. but the OCHL is real match with candle OCHL. mean only color is match with HA bar. see if you can put APB code instead HA code in to this indicator, so you do not need open two window , one with candle bar , and one with APB bar. just a idea. thanks
Attached Image (click to enlarge)
Click to Enlarge Name: ac.jpg Size: 101 KB
Attached File(s)
File Type: mq4 #OHLC - HA.mq4   4 KB | 1,933 downloads
Reminder:

* You need Synergy_APB indicator if HACandleInfo=true (default). You can use other Synergy or Heiken Ashi indicator of your choice. Change "SynergyIndiFileName" option. This is valid as long as your "Synergy" follows the same buffer ordering as the original Synergy.


Fixed bug:

* Alerts keep popping for weird symbols like EURUSDeur


Usage Hints:

* Apply more Watchdogs to a single chart (change CurrencyPair and/or Timeframe options) and enjoy Multysymbol/Multitimeframe "scanning".

* Placing Two identical watchdogs in a single chart is not recommended, though it is meaningless anyway

* Play with thersholds and set them on your personal discretion and sense of "good" slope and bounce




Enjoy!
Attached File(s)
File Type: ex4 @TMSTDI_WatchDog.ex4   25 KB | 1,486 downloads
Bah...
Thank you plamendp, this is a very cool indicator.

Is there a way for me to make the green line be in front of the red instead of behind? I've been using TMS-Osc which has it in front and I think I prefer it that way.

Thank you again for making this.
Quoting plamendp
Reminder:

* You need Synergy_APB indicator if HACandleInfo=true (default). You can use other Synergy or Heiken Ashi indicator of your choice. Change "SynergyIndiFileName" option. This is valid as long as your "Synergy" follows the same buffer ordering as the original Synergy.


Fixed bug:

* Alerts keep popping for weird symbols like EURUSDeur


Usage Hints:

* Apply more Watchdogs to a single chart (change CurrencyPair and/or Timeframe options) and enjoy Multysymbol/Multitimeframe "scanning".

* Placing Two identical watchdogs...
hi, plamendp. try to find out what is that mean. could you attach a chart and explain. thanks.

* Apply more Watchdogs to a single chart (change CurrencyPair and/or Timeframe options) and enjoy Multysymbol/Multitimeframe "scanning".
Quoting rbuki
Hi,
can you tell me that certain slope value how can be calculated as a clock hand position (e.g. 1 o clock) or into degrees (e.g. 1 o clock is 15 degrees)? Thanks.
Ric
Basic 6 grade math, circle has 360 degrees, divide by 12 = 30 degrees

Or think of a right angle, 90 degrees, must be 3 o'clock, hence, 1 = 30 degrees, 2 = 60, 3 = 90, 6 = 180
OPPORTUNITY IS NOWHERE
Among some cosmetic changes:


* Added option haCandleSizeThreshold. If the Synergy candle body size is smaller than this value (NO plus on minus sign needed!!!!!) no alert(s) gonna be fired. Default = 0, i.e. it doesn't matter, fire alert as far as the candle is bigger than zero.

* Reminder: you need Synergy Indicator for this indicator to work! (attached)

Enjoy!
Attached File(s)
File Type: ex4 @TMSTDI_WatchDog.ex4   25 KB | 1,467 downloads
File Type: ex4 Synergy_APB.ex4   4 KB | 1,496 downloads
Bah...
Nice work Plamen - I'll test this tonight - thanks
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