It is not a white line but golden. That is ema200 to identify the trend. When ema200 is above the price, it means the trend is down, while when the price is above ema200, the market is uptend. Good traders always follow the trend.
To succeed in Forex, you need to work hard, persevere, and never give up.
Hello Lesso. Thank you for a great scalping solution. In the hope of giving back, you will find an indicator attached that does a logical "and" of your signals to produce an integrated signal. There are also a couple of extensions that you will find detailed below.
The external parameters are as follows:
1. EarlySignalOnly -- setting this to "true" simply causes an alert to be given before the close of the "offending" candle. It simply gives one a little more time to prepare, but it also gives more false signals.
2. FreshSignalOnly -- setting this to true gives a signal only when the 'offending' candle opens and closes on either side of the EMA20 and the other selected filter conditions are all satisfied.
3. EMA20_Filter_Enable -- setting this to 'true' gives a 'long' signal when price is ablove the EMA20 and a 'short' signal when price is below the EMA20.
4. MACD_Filter_Enable -- setting this to 'true' signals 'long' when MACD > MACD_Signal and 'short' when MACD < MACD_Signal.
5. VQ_Signal_Enable -- setting this to true enables the VQ functionallity. I have worked with VQ a lot lately, and have experimented with multiple VQ lengths. The implementation provide here provides for the specification of two independent VQ lenghts. You can select one or two VQ lengths. If you select two lengths (like 5 and 8, for example), a 'long' signal is given when both VQ5 and VQ8 signal long. If you select only one, the other must be '0'. On 1m charts, I have come to use only one VQ (I like VQ5 on 1m). On 5m and above charts, it can be useful to use two VQ values. You must use the version of VQ Indicator (VQmod) attached as it supports my iCustom calls to MTF VQ.
6. SMA200_Trend_Filter -- setting this to true gives a 'long' signal when price is above the SMA200 and the slope of the SMA200 is > min200Slope. A 'short' signal is given when price is below the SMA200 and the slope of the SMA200 is less than -min200Slope. min200Slope is express in pips. I would suggest that you either leave the value of min200Slope at '0.0' (no slope filtering) or experiment with values around 0.05 pips on a 1m chart. I am currently not using this filter because it tends to make one either miss trades or get in trades late. I simple eyeball the SMA200 line before deciding to take a trade.
7. Up to two independent time windows are provided for. If you use a time window, you can only specify the starting hour and the ending hour as integers. No minutes are provided for.
8. Pop-up alerts and email alerts are provided for.
Load both of the attached indicators into the experts.indicators directory. You and gain an understanding of each signal by setting each to 'true' and all other to 'false' You can conpair competing configuration by loading two copies of the indicator on a chart and setting the signals differently in each of the two.
Hello Lesso. Thank you for a great scalping solution. In the hope of giving back, you will find an indicator attached that does a logical "and" of your signals to produce an integrated signal. There are also a couple of extensions that you will find detailed below.
The external parameters are as follows:
1. EarlySignalOnly -- setting this to "true" simply causes an alert to be given before the close of the "offending" candle. It simply gives one a little more time to prepare, but it also gives more false signals.
2. FreshSignalOnly...
Ignored
thank you very much! It seems very comprehensive, I had tried to do something like this before but just ended up spinning my wheels, this indi seems like its exactly what i had been trying to build. thanks again.....
Hello Lesso. Thank you for a great scalping solution. In the hope of giving back, you will find an indicator attached that does a logical "and" of your signals to produce an integrated signal. There are also a couple of extensions that you will find detailed below.
The external parameters are as follows:
1. EarlySignalOnly -- setting this to "true" simply causes an alert to be given before the close of the "offending" candle. It simply gives one a little more time to prepare, but it also gives more false signals.
2. FreshSignalOnly --...
Ignored
quick question on TradeWindowEnable...if this is set to false then it gives signals all day and if set to true then it takes signals at the specified time..ie. (3)am to (12)pm? is that correct?
Correct - if time windows are disabled, you get signals 24 hours a day. If they are set, you get signals only during the window opening. I set them to go off at 2am and I set the email alert. My cell phone becomes my alarm clock, getting me up at the first signal.
You can see from the attached pic that I got the first signal that you noted on your pic, but I did not get the others that you noted. The first one, I attribute to data feeds -- my bar clearly opens and closes on opposing sides of the EMA20. Your bars appear to straddle the EMA20 and no bar opens and closes on opposing sides.
In the case of the signals that we did not get, the same problem occurs. Although they come very close to the EMA20, they do not open/close on opposing sides. Perhaps I should modify the code to allow for a "touch" of the EMA20" If so what would the rules be? A HIGH/LOW candle that comes within 1 pip of the EMA20 (or 0.5 pip?)? An Open/Close that comes within 1 pip of the EMA20? Let me know your views here.
quote=XxLessoxX;5011857]quick question on TradeWindowEnable...if this is set to false then it gives signals all day and if set to true then it takes signals at the specified time..ie. (3)am to (12)pm? is that correct?[/quote]
Sorry if this is a stupid question, but what do the yellow and red numbers in the boxes to the right of price represent? Are the the suggested SL adn TP? Thanks!
Correct - if time windows are disabled, you get signals 24 hours a day. If they are set, you get signals only during the window opening. I set them to go off at 2am and I set the email alert. My cell phone becomes my alarm clock, getting me up at the first signal.
You can see from the attached pic that I got the first signal that you noted on your pic, but I did not get the others that you noted. The first one, I attribute to data feeds -- my bar clearly opens and closes on opposing sides of the EMA20. Your bars appear to straddle the EMA20...
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Lessosignalline goes off if any part of the candle touches the ema....on my pic those #4 type arrows are previous signals given by lessosignalline, may be a data feed thig on your chart but on m chart they were offending candles. I do like the functions of your indi, just need to tweak it to verify all offending candles within the filter parameters. Just a thought.... it does work but missed some oportunities, like the signal given off 46 mins ago 1523 my time, that was good for 70+. So I would say the rules apply like lesso signal line where any part of the candle touches the MA, the appropriate signal/filter begins.
// If any part of the candle is straddling the MA
if (ld_MA <= High[i] && ld_MA >= Low[i] && i != 0)
{
// Determine Buy/Sell/Both
if (Close[i] == ld_MA) // Both
{
IB_BuyStop[i] = BuyStop(i);
IB_SellStop[i] = SellStop(i);
ObjectDelete("!LESSO_Stop"+Time[i]);
ObjectDelete("!LESSO_Stop");
IB_StopLoss[i] = EMPTY_VALUE;
}
if (Close[i] > ld_MA) // Buy
IB_BuyStop[i] = BuyStop(i);
if (Close[i] < ld_MA) // Sell
IB_SellStop[i] = SellStop(i);
}
I have two signals, one at 1519 and one at 1521 that caught the great move that just occurred. I am using a VQ lenght of 5. I will change the logic to signal an alert if any part of a bar touches the EMA20, whether it closes across it or not. Will have it up before I go to bed tonight.
George
Lessosignalline goes off if any part of the candle touches the ema....on my pic those #4 type arrows are previous signals given by lessosignalline, may be a data feed thig on your chart but on m chart they were offending candles. I do like the functions of your indi, just need to tweak it to verify all offending candles within the filter parameters. Just a thought.... it does work but missed some oportunities, like the signal given off 46 mins ago 1523 my time, that was good for 70+. So I would say the rules apply like lesso signal line where any part of the candle touches the MA, the appropriate signal/filter begins.
// If any part of the candle is straddling the MA
if (ld_MA <= High[i] && ld_MA >= Low[i] && i != 0)
{
// Determine Buy/Sell/Both
if (Close[i] == ld_MA) // Both
{
IB_BuyStop[i] = BuyStop(i);
IB_SellStop[i] = SellStop(i);
ObjectDelete("!LESSO_Stop"+Time[i]);
ObjectDelete("!LESSO_Stop");
IB_StopLoss[i] = EMPTY_VALUE;
}
if (Close[i] > ld_MA) // Buy
IB_BuyStop[i] = BuyStop(i);
if (Close[i] < ld_MA) // Sell
IB_SellStop[i] = SellStop(i);
}
Lesso. I have moded the signals indi to signal a trade if any bar comes close to the EMA20 and all other conditions are met. I have included a pic that includes both v1.1 and v1.2 of the indi. v1.1 is the one on top in the pic. You will see that the indi still does not catch all the signals that you pointed out in your previous pic. This is because they do not meet the MACD requirement. I still do not understand why you do not get the 1521 signal.
It appears that the vq indicator requires a 5 digit broker in-order to work correctly.
You can change a factor in the indicator to make it work better on a 4 digit broker, however the result is not quite the same as the original on a 5 digit broker.
Lesso. I have moded the signals indi to signal a trade if any bar comes close to the EMA20 and all other conditions are met. I have included a pic that includes both v1.1 and v1.2 of the indi. v1.1 is the one on top in the pic. You will see that the indi still does not catch all the signals that you pointed out in your previous pic. This is because they do not meet the MACD requirement. I still do not understand why you do not get the 1521 signal.
George
Ignored
alright george, thanks for working that out, testing the indi, and hopefully it will boost our accuracy and ease of spotting signals.
It appears that the vq indicator requires a 5 digit broker in-order to work correctly.
You can change a factor in the indicator to make it work better on a 4 digit broker, however the result is not quite the same as the original on a 5 digit broker.
