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THV system, final edition

  • #22,921
  • Nov 17, 2011 9:39am Nov 17, 2011 9:39am
Hello all,

I appreciate all the effort you put to this wonderful thread and indicators. I think I have understood how THV is supposed to work and have done some trades with it with success (well mostly). Then I came across THV MTF and lots of different indicators and templates for it. Some use something called SAH some don't ...
The most recent update I found is from MissPip (see below) but I can't figure out what the "new" indies are. I know the traditional THV indies but the other cloud and those trix I have marked are a mystery to me and the manual for MTF doesn't seem to have them either. Can anybody direct me to a post with some explanation on what they are and how they are supposed to do?



Quoting MissPips
Enjoy. I trade on the 1m chart but since I like to trade inside
a 5m and 15n trix cross you could say I'm actually trading the 5 m and 15 m
chart and timing the entries on the 1m

Edit: added the t3 trix - if you didn't already have it the mtf trixes won't work
Attached Image (click to enlarge)
Click to Enlarge Name: THV_MTF_1.gif Size: 25 KB
  • #22,922
  • Nov 17, 2011 10:11am Nov 17, 2011 10:11am
Quoting MissPips
Enjoy
Hi MissPips,

Just let you know somehow THV T3 TRIX MTVv1.9colorhist doesn't work on my pc, then I changed to THV T3 TRIX MTVv1.4colorhist that work great.

Attached is a sreenshot what I want

Thank you for your time.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2011-11-17 at 10.58.04 AM.png Size: 45 KB
  • #22,923
  • Nov 17, 2011 10:23am Nov 17, 2011 10:23am
Those indicators you see at the bottom of the chart are showing you what the trixes on the higher timeframes look like. I originally developed a method for trading based on getting 6 points using two sets of mtf indicators with four rows each and an mtf indicator for the cloud. (There is a manual for using this method on page one). But now I like to actually see how the shape of the trixes look and where they are in relation to the zero line and the o/b and o/s lines so I switched to using the ones you see on the chart you posted. I have posted many examples of how to trade using these - just look at some of my previous posts. Mainly, the idea is to trade 'inside' a 5m trix cross, when it is supported by the 15m being in the same direction, and to look for a good entry inside that 5 m trix cross on the one minute chart.

The SAH is better version of the 4 row MTF trix. It has better control over timeframes and better alerts (more granular) and it also incorporates other indicators besides the trix. (Again, you can find it, and an explanation of how it works in my previous posts). People mainly use it to get alerts for when whatever combination they are looking to trade occurs or is about to occur. It is not strictly a part of THV because I have added many other indicators to it. (A lot of people use THV and one other indicator to make their decisions, and I have added a lot of them to the SAH.)

Quoting Verbal
Hello all,

I appreciate all the effort you put to this wonderful thread and indicators. I think I have understood how THV is supposed to work and have done some trades with it with success (well mostly). Then I came across THV MTF and lots of different indicators and templates for it. Some use something called SAH some don't ...
The most recent update I found is from MissPip (see below) but I can't figure out what the "new" indies are. I know the traditional THV indies but the other cloud and those trix I have marked are a mystery...
  • #22,924
  • Nov 17, 2011 11:43am Nov 17, 2011 11:43am
This is the setup that I seem to find the easiest to use..

Lots of confirmations and I have a 15 open as well.

Whoever thought of the ichimoku MTF did a great thing.!!
Attached Image (click to enlarge)
Click to Enlarge Name: daveM - SNAG-00213.png Size: 88 KB
  • #22,925
  • Nov 17, 2011 1:20pm Nov 17, 2011 1:20pm
Well, you got me - I can't imagine why. But I'm glad the other one works for you. Thanks for letting me know.

Quoting Tom_Lee
Hi MissPips,

Just let you know somehow THV T3 TRIX MTVv1.9colorhist doesn't work on my pc, then I changed to THV T3 TRIX MTVv1.4colorhist that work great.

Attached is a sreenshot what I want

Thank you for your time.
  • #22,926
  • Nov 17, 2011 2:05pm Nov 17, 2011 2:05pm
Why are there two clouds? Which one should be compared to the price?
Does the color of Coral matter too?

Quoting MissPips
Those indicators you see at the bottom of the chart are showing you what the trixes on the higher timeframes look like. I originally developed a method for trading based on getting 6 points using two sets of mtf indicators with four rows each and an mtf indicator for the cloud. (There is a manual for using this method on page one). But now I like to actually see how the shape of the trixes look and where they are in relation to the zero line and the o/b and o/s lines so I switched to using the ones you see on the chart you posted. I have posted...
  • #22,927
  • Nov 17, 2011 2:13pm Nov 17, 2011 2:13pm
What's the indie on the right hand side of the screen?
Do you pay attention to Fractals too? Are they standard Fractals?


Quoting Blaiserboy
This is the setup that I seem to find the easiest to use..

Lots of confirmations and I have a 15 open as well.

Whoever thought of the ichimoku MTF did a great thing.!!
  • #22,928
  • Nov 17, 2011 3:23pm Nov 17, 2011 3:23pm
Quoting Blaiserboy
Divergence is quite a study and it may take you a while to catch on, there are some excellent explanations in this pdf file and you have to know that there is more than this to learn.. this is just a start
Hi thanks for the pdf. Sorry if i sound a bit thick but how do i interpret the green and red arrows on the trix??
  • #22,929
  • Nov 17, 2011 3:47pm Nov 17, 2011 3:47pm
Quoting jlkiddo
Hi thanks for the pdf. Sorry if i sound a bit thick but how do i interpret the green and red arrows on the trix??
Trix arrows show you what the indicator is calculating to be the direction.

You can set the indicator to draw divergence lines.

Nope, you are not thick. We all have to ask questions.... this stuff takes a while to get the hang of and it is not always easy to read a thread to get answers. Sometimes it is not easy to phrase a question to obtain an understandable answer.... These forums are for sharing....

I have read this forum quite a few times and looked at similar forums to get answers.


As an aside I am attaching a chart to show the correlation of EUR DJI and S$P earlier today
Attached Image (click to enlarge)
Click to Enlarge Name: daveM - SNAG-00215.jpg Size: 140 KB
  • #22,930
  • Nov 17, 2011 6:15pm Nov 17, 2011 6:15pm
Quoting Blaiserboy
This is the setup that I seem to find the easiest to use..

Lots of confirmations and I have a 15 open as well.

Whoever thought of the ichimoku MTF did a great thing.!!
whould you please share you templates and indicators??
  • #22,931
  • Nov 17, 2011 8:44pm Nov 17, 2011 8:44pm
Quoting zelenko
whould you please share you templates and indicators??
here is the template.... indicators i wll do tomorrow when I have a bit more time
Attached File(s)
File Type: tpl thv fror zelenko.tpl   73 KB | 647 downloads
  • #22,932
  • Nov 17, 2011 9:28pm Nov 17, 2011 9:28pm
Quoting Blaiserboy
here is the template.... indicators i wll do tomorrow when I have a bit more time
thank you very much my frind

i wil wait your indicators colliction
  • #22,933
  • Edited Nov 18, 2011 10:48am Nov 17, 2011 9:49pm | Edited Nov 18, 2011 10:48am
Quoting zelenko
thank you very much my frind

i wil wait your indicators colliction
I will make three templates . one each for 1 5 15 minute charts as the ichimoku settings are different for each. I think those ichimoku settings are most helpful, although having them makes the chart cluttered as do the fractals... lol

Hopefully these will work well for you.! You will have to make sure that the charts look right.... especially ichimoku for the higher time frames...

I re uploaded the templates as I think the settings for ichimoku were incorrect
Attached File(s)
File Type: zip Iindies.zip   326 KB | 1,339 downloads
File Type: zip thv fror zelenko_15.zip   33 KB | 1,031 downloads
  • #22,934
  • Nov 18, 2011 1:25am Nov 18, 2011 1:25am
Quoting Verbal
Why are there two clouds? Which one should be compared to the price?
Does the color of Coral matter too?
One is the 15 m cloud and one is the one minute cloud. I prefer to trade when both agree. Color of the Coral doesn't matter
  • #22,935
  • Nov 18, 2011 3:24am Nov 18, 2011 3:24am
You have entered your trade when before fast and slow Trixes cross each other (specially the second trade) . Can you please comment on that?
How about ADR? How do you work with it?
And about Trix on lower TFs: How about the thick envelope line and those vertical bars? Are they confirmation of the Trix cross over?


Quoting MissPips
What I'm looking for is that wishbone kind of shape in the trix before the trade in the opposite direction (showing there is enough volatility and the dip is good enough), then for the fast trix to come below zero, then for price to stall out and consolidate, then for the slow trix to flatten out and the fast one to turn up and approach it, giving an indication which way the price consolidation is going to break out, this to happen around or near to the zero line (not in o/b for a long or o/s for a short). And I'm looking for it in the direction...
  • #22,936
  • Nov 18, 2011 4:41am Nov 18, 2011 4:41am
Entering the trade before the fast and slow trixes cross is the whole point of the 6 lights method and its variation using just the 5m and 15m trix. What I am doing is trading inside a trix cross on the 5 min chart, when it is supported by the 15 m trix also, and buying a dip on the 1 m chart to get a better entry. A lot of times there will be a thrust in one direction that causes the 5m trix to cross, and then there will be some profit taking, and I'm trying to get a better price by taking advantage of this. Because the 5m and 15 m trixes are crossed I dont wait for the 1m trix to cross, as long as I see that price is stalling, the slow trix is going flat, and the 1m fast trix is indicating that the original move is resuming.
This way you usually pick up a few extra pips as opposed to if you wait for the 1m trix to cross.

The ADR - no. I tried it but I don't find it to be more helpful than the trix.

I don't understand what you mean by thick envelope lines.

The vertical bars in that post were because someone asked me to elaborate what I meant about the shape of the trix. So they were pointing out in real time where the trix looked like what I had described.

Quoting Verbal
You have entered your trade when before fast and slow Trixes cross each other (specially the second trade) . Can you please comment on that?
How about ADR? How do you work with it?
And about Trix on lower TFs: How about the thick envelope line and those vertical bars? Are they confirmation of the Trix cross over?
  • #22,937
  • Nov 18, 2011 4:48am Nov 18, 2011 4:48am
Entering the trade before the fast and slow trixes cross is the whole point of the 6 lights method. What I am doing is trading inside a trix cross on the 5 min
chart, when it is supported by the 15 m trix also, and buying a dip on the
1 m chart to get a better entry. A lot of times there will be a thrust in one direction that causes the 5m trix to cross, and then there will be some profit taking, and I'm trying to get a better price by taking advantage of this. Because the 5m and 15 m trixes are crossed I dont wait for the 1m trix to cross, as long as I see that price is stalling, the slow trix is going flat, and the 1m fast trix is indicating that the original move is resuming.
This way you usually pick up a few extra pips as opposed to if you wait for the 1m trix to cross.

The ADR - no. I tried it but I don't find it to be more helpful than the trix.

I don't understand what you mean by thick envelop lines.

The vertical bars in that post were because someone asked me to elaborate what I meant about the shape of the trix. So they were pointing out in real time where the trix looked like what I had described and so I could have a reference point for the before and after screenshots.

Quoting Verbal
You have entered your trade when before fast and slow Trixes cross each other (specially the second trade) . Can you please comment on that?
How about ADR? How do you work with it?
And about Trix on lower TFs: How about the thick envelope line and those vertical bars? Are they confirmation of the Trix cross over?
  • #22,938
  • Nov 18, 2011 6:26am Nov 18, 2011 6:26am
I have marked the "thick" lines on your chart. Please see the attachment. I cannot figure out what it is as when you entered, the "thick" line on 5m trix is still red.

Quoting MissPips
Entering the trade before the fast and slow trixes cross is the whole point of the 6 lights method. What I am doing is trading inside a trix cross on the 5 min
chart, when it is supported by the 15 m trix also, and buying a dip on the
1 m chart to get a better entry. A lot of times there will be a thrust in one direction that causes the 5m trix to cross, and then there will be some profit taking, and I'm trying to get a better price by taking advantage of this. Because the 5m and 15 m trixes are crossed I dont wait for the 1m trix to cross, as long...
Attached Image (click to enlarge)
Click to Enlarge Name: THV_MTF_2.gif Size: 122 KB
  • #22,939
  • Nov 18, 2011 7:54am Nov 18, 2011 7:54am
Verbal,red or green,thick or not, whatever.Carefully look at a attached picture
and you will find the main reasons for this entry.
Attached Image (click to enlarge)
Click to Enlarge Name: THV_MTF_2.gif Size: 119 KB
  • #22,940
  • Nov 18, 2011 9:11am Nov 18, 2011 9:11am
Thank you!!!!
(Get's pretty boring annotating my own charts with the same thing over and over again. But then I guess that's the sign of a good setup - it just keeps repeating itself the same old boring way...)
Quoting ricmi
Verbal,red or green,thick or not, whatever.Carefully look at a attached picture
and you will find the main reasons for this entry.
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