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Extreme TMA System

  • #2,541
  • Mar 1, 2012 1:37pm Mar 1, 2012 1:37pm
Quoting Alorente
Is anyone else having a problem installing the 1.3 Slope indi?
Works fine for me , i'm on Oanda MT4 as well.
You gotta know when to hold 'em, know when to fold 'em ...
  • #2,542
  • Mar 1, 2012 1:39pm Mar 1, 2012 1:39pm
Quoting Alorente
Iīve been studying it. I like it. Its counter intuitive but one can get used to Buy/Sell in the opposite colors. It will take a little practice.

Is it possible to make the font bold? My eyes are not what they used to be.

Are you done now or will still be adding features?

Thanks Carl. You are really special.

No my friend, not nearly done. I would like to add the TMA divergence signal as an arrow on the chart, when that happens.

And I still haven't really gotten into putting all the rules in yet.
(even sensing support and resistance levels)

I have this great logical template now, and I can build on this to make the complete method, as close to how it should be traded, with the exception of placing the order for you.

Carl
  • #2,543
  • Mar 1, 2012 1:39pm Mar 1, 2012 1:39pm
Quoting bcarbon
Right now there are from 150 to 170 viewers to this thread. Al's generosity with his knowledge and help is incomparable. He is continuously answering questions over and over again without a trace of impatience or anger. His system is terrific and getting better each day. However, the thread has only four stars, voted by only 48 members out of the thousands that have benefited from it (over 2,000 posts). So those of you who have not voted yet, please do so. At the top of the page, on the right hand corner, under page numbers...

DONE !!
  • #2,544
  • Mar 1, 2012 1:40pm Mar 1, 2012 1:40pm
Quoting normtold
Carl, it was me that had the sizing problem with your last version of the dashboard.
I have never knowingly changed the font on this PC which is less than a year old.

I expected the same problem with this one and was going to post a question on a computer help forum for dummies (me) about how to get Ariel as my default so that I could view the v6 properly but the v6 is showing everything perfectly except the white top row, and I can live with that.

I am so pleased, thank-you for all the work.
Great, I'm glad it is working better.

Carl
  • #2,545
  • Mar 1, 2012 1:41pm Mar 1, 2012 1:41pm
Quoting Alorente
They are not incorrect. They are also showing divergence to price. On my THV4 system, sometimes I get several arrows one after another. Take the multiple arrows as an additional warning.
Touched! I didnt use the proper word though I had clear the concept.... But plz excuse me....I'm jumping like a Kangaroo from pages missed since this morning to the new ones continuosly forming, with the aim to stay updated .
  • #2,546
  • Mar 1, 2012 1:41pm Mar 1, 2012 1:41pm
Quoting shahrooz67
HI Carl

You are great with programming

One of your fans

Shahrooz
Thanks, much appreciated.
I'm far from a master, but I can hold my own.

Carl
  • #2,547
  • Mar 1, 2012 1:42pm Mar 1, 2012 1:42pm
Quoting irampagemc
Hi,

I am not a pro in this system but i realize with this system since it works off resistance/support levels, usually it means you can reenter a few times before the trade actually goes in the direction of profit.

just to share: i use the luktom visual order editor (it allows me to move my sl and tp graphically instead of crunching pip math). By using this, i can quickly claim profit and reenter as it hits the top of the resistance/support again.

here are my trades from today only. ALL using this system.

As you can tell: my trading style...
Did you let any of the orders run to center line at least?
Observation is the path to discovery.
  • #2,548
  • Mar 1, 2012 1:43pm Mar 1, 2012 1:43pm
Quoting corvogrigio
I want to show you my idea 4 scanning the market and see force/weakness of currencies. I remember that someone mentioned this broker (SIGTRADER) that has these indexes created with correlation between the 8 most common currencies. I applied to them the TMA template (as I adjusted 4 me TMA bands are the thick green ones)

I attache two pics for example
Hope it can help

Notice that LFXJPY (only) is the index of other 7 currencies against JPY so: LFXJPY STRONG JPY WEAK and so on...
I had an idea to run my indicator on these individual currencies. Then show which pairs you should look at based on which front/back currencies were at opposite sides of the TMA bands.

You would think that would be almost a no-brainer, since now if just one currency in the pair goes your way, you still may have a chance to make some pips.

Carl
  • #2,549
  • Mar 1, 2012 1:46pm Mar 1, 2012 1:46pm
Quoting Alorente
Is anyone else having a problem installing the 1.3 Slope indi?
Working good with me too but I still prefer to have few different colors as per v1.2.
Looks good to my eyes
Lets make some green pips
  • #2,550
  • Mar 1, 2012 1:50pm Mar 1, 2012 1:50pm
HI Al,
nice avatar . really like it.
  • #2,551
  • Mar 1, 2012 1:50pm Mar 1, 2012 1:50pm
Quoting nitrate73
Hi crodzilla,

Thanks for Ver6 of the your indi , nice work, just to be sure i'm on the right track , if i want to only pick higher probability trades , i should go for the Red colored Sells and Green colored Buys right ? since red means slope is descending and green vice versa.

Edit: Oh nevermind Crod, my bad, i just realized the colors just match the slope color, it doesn't mean its ascending or descending, i've just compared some slopes and it can be green and still be descending....
No, you were right the first time.
If you see a BUY (price under the TMA bands) and the BUY is RED, it means TMA is trending down.
If you see a BUY (price under the TMA bands) and the BUY is GREEN, it means TMA is trending up.

However, there is one caveat to my calculations of the TMA bands...
The separate TMAslope indicator calculates on every tick. So the slope may change from up to down several times during the same bar.

Due to the sheer amount of calculations that my indicator already does for all timeframes and pairs, I only calculate the TMA bands at the beginning of each bar... in all timeframes.

I attempted to do all the calculations continuously, but I would have had some very mad people complaining about how the indicator brought their computer to its knees.

Carl
  • #2,552
  • Mar 1, 2012 1:51pm Mar 1, 2012 1:51pm
Quoting Alorente
You are something else, Bcarbon.
I don't deserve any credit. You are the one doing all the work. Thank you!!!
  • #2,553
  • Mar 1, 2012 1:52pm Mar 1, 2012 1:52pm
Quoting crodzilla
No my friend, not nearly done. I would like to add the TMA divergence signal as an arrow on the chart, when that happens.

And I still haven't really gotten into putting all the rules in yet.
(even sensing support and resistance levels)

I have this great logical template now, and I can build on this to make the complete method, as close to how it should be traded, with the exception of placing the order for you.

Carl
A big Huge Whopping Wow!!!

I am impressed to say the least!!
Observation is the path to discovery.
  • #2,554
  • Mar 1, 2012 1:54pm Mar 1, 2012 1:54pm
Quoting FXnitroC
HI Al,
nice avatar . really like it.
Got tired of looking at the same old picture.
Observation is the path to discovery.
  • #2,555
  • Mar 1, 2012 2:02pm Mar 1, 2012 2:02pm
Quoting crodzilla
No, you were right the first time.
If you see a BUY (price under the TMA bands) and the BUY is RED, it means TMA is trending down.
If you see a BUY (price under the TMA bands) and the BUY is GREEN, it means TMA is trending up.

However, there is one caveat to my calculations of the TMA bands...
The separate TMAslope indicator calculates on every tick. So the slope may change from up to down several times during the same bar.

Due to the sheer amount of calculations that my indicator already does for all timeframes and pairs, I only calculate the...
Ah .. ok got it .. thanks for clarifying Crod .. nice work again ..
You gotta know when to hold 'em, know when to fold 'em ...
  • #2,556
  • Mar 1, 2012 2:02pm Mar 1, 2012 2:02pm
Quoting crodzilla
Blocked the background of the grid, so the candles don't get in the way.
Buy means price is below the band. Sell, above.
Green Buy/Sell, means the TMA trend is up.
Red Buy/Sell, means the TMA trend is down.

As someone has found out... if a program you have installed has modified the system fonts, the grid will not show up properly. I am using the "Ariel" and "Webdings" system fonts.

I have removed the Monthly and Weekly timeframes per Al.

Carl
Anybody the same problem as i have ??
If i put this in my indicators list i get an error and have to start up MT4 again. Than i am not able to start MT4 up because everytime i get the same error and i get stopped out MT4.
When i remove this file again i can start up again ??
I really like this indicator window, can anybody help me ?

thx Al and friends......
  • #2,557
  • Mar 1, 2012 2:04pm Mar 1, 2012 2:04pm
Quoting crodzilla
That is the plan. I would like to be able to have as many instances, for as many pairs as you want to follow. I just have to have a way for you to offset more indicators.

And, also one to watch gold, oil, silver, stocks, etc. Which will be simple to do.

Carl
I notice one must have the RAM to run all that.......
  • #2,558
  • Mar 1, 2012 2:07pm Mar 1, 2012 2:07pm
Quoting Alorente
Got tired of looking at the same old picture.
Vote is in!! WOW is right , Shahrooz and Crodzilla have made excellent contributions to this system. It's almost a no-brainer now when to enter and exit.
Thank You so much Al , you have helped struggling traders like myself to finally see light in the tunnel that isn't a train coming for us!
  • #2,559
  • Mar 1, 2012 2:12pm Mar 1, 2012 2:12pm
Quoting crodzilla
No, you were right the first time.
If you see a BUY (price under the TMA bands) and the BUY is RED, it means TMA is trending down.
If you see a BUY (price under the TMA bands) and the BUY is GREEN, it means TMA is trending up.

However, there is one caveat to my calculations of the TMA bands...
The separate TMAslope indicator calculates on every tick. So the slope may change from up to down several times during the same bar.

Due to the sheer amount of calculations that my indicator already does for all timeframes and pairs, I only calculate the...
Thatīs ok Carl. The rules require a close of the slope bar before placing the order so it will work fine.
Observation is the path to discovery.
  • #2,560
  • Mar 1, 2012 2:16pm Mar 1, 2012 2:16pm
Quoting crodzilla
No, you were right the first time.
If you see a BUY (price under the TMA bands) and the BUY is RED, it means TMA is trending down.
If you see a BUY (price under the TMA bands) and the BUY is GREEN, it means TMA is trending up.

However, there is one caveat to my calculations of the TMA bands...
The separate TMAslope indicator calculates on every tick. So the slope may change from up to down several times during the same bar.

Due to the sheer amount of calculations that my indicator already does for all timeframes and pairs, I only calculate the...
Carl, can we get a DarkGray color on the words to indicate that TMA is ranging (-0.50 to 0.50)?
Green for above 0.50 and Red for below -0.50?

That would be perfect.
Observation is the path to discovery.
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