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Extreme TMA System

  • #2,601
  • Mar 1, 2012 2:13pm Mar 1, 2012 2:13pm
Quoting Olarion1975
Here is a nice one, have fun!
Thanks! I'll give that one a go in the morning.

PB
  • #2,602
  • Edited 2:38pm Mar 1, 2012 2:20pm | Edited 2:38pm
Ok Al, I'm on a roll, version 8.

I fixed the TMA calculation for centerline (duh).

As requested by Al:

1. If you see a GREY BUY, price is below the TMA band, TMA is ranging.
2. If you see a GREEN BUY, price is below the TMA band, and TMA is NOT ranging and in a positive slope.
3. If you see a RED BUY, price is below the TMA band, TMA is NOT ranging and in a negative slope.

Of course the sell is opposite.

So, GREEN BUYS are good signals. Price is below the lower TMA band and TMA slope is rising above 0.5.

RED SELLS are good signals. Price is above the upper TMA band and TMA slope is falling below -0.5.

Let me know if I got it right.

I can't test it right now, because the market is very slow and nothing qualifies.

Carl
Attached File(s)
File Type: ex4 !ExtremeTMA_v8.ex4   39 KB | 1,020 downloads
  • #2,603
  • Mar 1, 2012 2:24pm Mar 1, 2012 2:24pm
Quoting Alorente
Is MT5 any better? How come no one uses it?
No, from what I understand MT5 is still buggy. And the backtest side is horribly buggy.

Carl
  • #2,604
  • Mar 1, 2012 2:28pm Mar 1, 2012 2:28pm
Quoting SnailRoll
Here is a random thought, since we monitor at least 9 charts or up to 18 for Al, instead of a table showing Buy/Sell we have an indicator that attaches to each chart and only calculate the TF and pair of that chart. When there is a BUY signal the chart would turn dark green, and when there is a SELL signal it would turn dark red. Kind of like what they do in THV.

Benefits:
1 - Quick to spot pair that needs attention with just a quick scan of your monitor.
2 - Don't need to try and read along tables to find pair and TF
3 - More efficient use...
To demonstrate how it might look I took a shot with it to show the general idea. I believe this to be much more user friendly but I am not sure if it requires a lot more work in coding.
Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 243 KB
  • #2,605
  • Mar 1, 2012 2:29pm Mar 1, 2012 2:29pm
Quoting crodzilla
Ok Al, I'm on a roll, version 8.

I fixed the TMA calculation for centerline (duh).

As requested by Al:

1. If you see a GREY BUY, price is below the TMA band, TMA is ranging or in a sell (negative slope).
2. If you see a GREEN BUY, price is below the TMA band, and TMA is NOT ranging and in a positive slope.
3. If you see a RED BUY, price is below the TMA band, TMA is NOT ranging and in a negative slope.

Of course the sell is opposite.

So, GREEN BUYS are good signals. Price is below the lower TMA band and TMA slope is rising above 0.5.

RED SELLS...
how to switch the indicator in mq4?
  • #2,606
  • Mar 1, 2012 2:32pm Mar 1, 2012 2:32pm
Quoting imbonitore
how to switch the indicator in mq4?
Not until Al says...

Carl
  • #2,607
  • Mar 1, 2012 2:37pm Mar 1, 2012 2:37pm
I need to fix my post above:

1. If you see a GREY BUY, price is below the TMA band, TMA is ranging.
2. If you see a GREEN BUY, price is below the TMA band, and TMA is NOT ranging and in a positive slope over 0.5.
3. If you see a RED BUY, price is below the TMA band, TMA is NOT ranging and in a negative slope over 0.5.

Please test when the market wakes up...

Carl
  • #2,608
  • Mar 1, 2012 2:37pm Mar 1, 2012 2:37pm
Quoting crodzilla
Ok Al, I'm on a roll, version 8.

I fixed the TMA calculation for centerline (duh).

As requested by Al:

1. If you see a GREY BUY, price is below the TMA band, TMA is ranging or in a sell (negative slope).
2. If you see a GREEN BUY, price is below the TMA band, and TMA is NOT ranging and in a positive slope.
3. If you see a RED BUY, price is below the TMA band, TMA is NOT ranging and in a negative slope.

Of course the sell is opposite.

So, GREEN BUYS are good signals. Price is below the lower TMA band and TMA slope is rising above 0.5.

RED SELLS...
You are simply unbelievable, Carl. Iīm running out of superlatives... Iīll have to start using the Spanish ones now... Magnifico !!!
Observation is the path to discovery.
  • #2,609
  • Mar 1, 2012 2:38pm Mar 1, 2012 2:38pm
Quoting crodzilla
I need to fix my post above:

1. If you see a GREY BUY, price is below the TMA band, TMA is ranging.
2. If you see a GREEN BUY, price is below the TMA band, and TMA is NOT ranging and in a positive slope over 0.5.
3. If you see a RED BUY, price is below the TMA band, TMA is NOT ranging and in a negative slope over 0.5.

Please test when the market wakes up...

Carl
I can not set this indicator in this extension!!! That's why I asked if he could in extension mq4
  • #2,610
  • Mar 1, 2012 2:41pm Mar 1, 2012 2:41pm
Quoting crodzilla
Not until Al says...

Carl
No. you keep a tight leash on the mq4 until you consider it a finished deal. If not weīll end up with a Sloping colored version of Frankenstein.
Observation is the path to discovery.
  • #2,611
  • Mar 1, 2012 2:42pm Mar 1, 2012 2:42pm
Quoting imbonitore
I can not set this indicator in this extension!!! That's why I asked if he could in extension mq4
You will have to explain why, because no one else has a problem with it.

Carl
  • #2,612
  • Mar 1, 2012 2:45pm Mar 1, 2012 2:45pm
Quoting imbonitore
I can not set this indicator in this extension!!! That's why I asked if he could in extension mq4
Sorry. We do not understand what your problem is. Could you please explain it in more detail?

Thanks.
Observation is the path to discovery.
  • #2,613
  • Mar 1, 2012 2:49pm Mar 1, 2012 2:49pm
Quoting crodzilla
You will have to explain why, because no one else has a problem with it.

Carl
I download a template from the first page both template, but when I set all the tables on my platform, there is no data in it ... That means in the table on the left side there are no data buy or sell ... this is my problem....I do not know what is wrong
  • #2,614
  • Mar 1, 2012 2:49pm Mar 1, 2012 2:49pm
Quoting SnailRoll
To demonstrate how it might look I took a shot with it to show the general idea. I believe this to be much more user friendly but I am not sure if it requires a lot more work in coding.
Hey Al and crodzilla, any comments on the possible more user friendly interface for ExtremTMA?
  • #2,615
  • Mar 1, 2012 2:53pm Mar 1, 2012 2:53pm
Quoting crodzilla
Ok Al, I'm on a roll, version 8.

I fixed the TMA calculation for centerline (duh).

As requested by Al:

1. If you see a GREY BUY, price is below the TMA band, TMA is ranging or in a sell (negative slope).
2. If you see a GREEN BUY, price is below the TMA band, and TMA is NOT ranging and in a positive slope.
3. If you see a RED BUY, price is below the TMA band, TMA is NOT ranging and in a negative slope.

Of course the sell is opposite.

So, GREEN BUYS are good signals. Price is below the lower TMA band and TMA slope is rising above...
Great work on the monitor!

Can I be a pain and suggest a change to the colours? I think that the bright colours should only light up for a good signal. So for instance, when we have all conditions met for a buy, the word buy should light up green and that colour should never appear in any other situation. Vice Versa for a sell using red. That should make it easy to scan. Otherwise you have to decipher whether the colour matches the word.

Hope that makes sense!

PB
  • #2,616
  • Mar 1, 2012 2:56pm Mar 1, 2012 2:56pm
Quoting SnailRoll
To demonstrate how it might look I took a shot with it to show the general idea. I believe this to be much more user friendly but I am not sure if it requires a lot more work in coding.
This is not the way to go for various reasons.

1- You have the same information in a much more concise space with Carlīs Dashboard.

2- Most people donīt have the capability nor the inclination to monitor 9 or 18 charts.

3- Even if you have the capability, I would much better have a simple to understand dashboard that gives me a clear signal, and them maximize one of my 18 minimized charts and confirm the signal and place the order while I look at a large chart.

4- I am going to bed every night with a headache derived from looking at 18 miniature charts and Slope indicators.

So, because of all of the above reasons, and probably others that I canīt think of right now, I vote dictatorially in favor of Carlīs Wondrous and Magical Dashboard.
Observation is the path to discovery.
  • #2,617
  • Mar 1, 2012 3:00pm Mar 1, 2012 3:00pm
Quoting pixelboy
Great work on the monitor!

Can I be a pain and suggest a change to the colours? I think that the bright colours should only light up for a good signal. So for instance, when we have all conditions met for a buy, the word buy should light up green and that colour should never appear in any other situation. Vice Versa for a sell using red. That should make it easy to scan. Otherwise you have to decipher whether the colour matches the word.

Hope that makes sense!

PB
Actually I have clarified the signals, and what you are saying is exactly what should happen. I can't test it because the market is sleeping right now.

Carl
  • #2,618
  • Mar 1, 2012 3:01pm Mar 1, 2012 3:01pm
Quoting pixelboy
Great work on the monitor!

Can I be a pain and suggest a change to the colours? I think that the bright colours should only light up for a good signal. So for instance, when we have all conditions met for a buy, the word buy should light up green and that colour should never appear in any other situation. Vice Versa for a sell using red. That should make it easy to scan. Otherwise you have to decipher whether the colour matches the word.

Hope that makes sense!

PB
Sorry but I disagree. The way Carl has it, you can see how close you are getting to a signal as opposed to being surprised at any moment with an order that you didnīt expect. After looking at the color combinations for a few days we will interpret the meaning of them instantly.
Observation is the path to discovery.
  • #2,619
  • Mar 1, 2012 3:03pm Mar 1, 2012 3:03pm
Quoting crodzilla
Actually I have clarified the signals, and what you are saying is exactly what should happen. I can't test it because the market is sleeping right now.

Carl
Fantastic!
If I Change, the whole World changes!
  • #2,620
  • Mar 1, 2012 3:06pm Mar 1, 2012 3:06pm
Quoting Pat1
Hi All and Al,

Here is something that might help understand your system, which by the way is super.

Some of the directions are mostly for the benefit of newcomers to MT4.


Open a 15 minute chart of any Pair.
Right click on chart, select Properties, Select Common Tab, and make sure Chart Shift and Chart auto scroll are selected.

Place Indicator on chart. Opens up the input dialog.

There are four TF variables set to 15,60,240 and 1440.

The MA is set to 56, ATR to 100 and BandShift to 2.0.

Click Ok

The White areas are the top and bottom bands...
So, Carl, what do you think of this? Do you think it has any potential to improve our entry or exit system?
Observation is the path to discovery.
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