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Extreme TMA System

  • #2,621
  • Mar 1, 2012 5:09pm Mar 1, 2012 5:09pm
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.
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....
Carl,
Thanx so much for this indie.
Can I be cheeky and ask if you could make an option of changing the range for Buy/Sell.
Example if I wanted to change the range from 0.5/-0.5 to 0.75

Hope its not too much trouble.
.... laughing all the way to the bank
  • #2,622
  • Mar 1, 2012 5:31pm Mar 1, 2012 5:31pm
Quoting Alorente
Thanks for the help, William.

Watch out or IŽll end up recruiting you to help me run this thing.
I would consider it a privilege.
may you find what you seek and trade what you find
  • #2,623
  • Mar 1, 2012 5:36pm Mar 1, 2012 5:36pm
Anyone else having problem trying to load !ExtremeTMAv8? It won't show up when I go Insert>Indicator>Custom Indicator I can see !ExtremeTMAv6 but not v8, I tried restarting MT4 and changing the file name.
  • #2,624
  • Mar 1, 2012 6:31pm Mar 1, 2012 6:31pm
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

I'm having the same problem as imbonitore. There is no data in the row or column boxes.

biganc
  • #2,625
  • Mar 1, 2012 6:31pm Mar 1, 2012 6:31pm
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
Amazing work Carl. I appreciate your diligence.

William
may you find what you seek and trade what you find
  • #2,626
  • Mar 1, 2012 6:31pm Mar 1, 2012 6:31pm
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...
Here's my two cents about this new toy:

If we can consider the outer bands of the TMA as a form of support and resistance, then each time frame at any moment will display "TMA S/R" levels.
Then if we take snapshots at significant points of price action, perhaps a clustering of these levels would occur. These clusters may represent important S/R areas....defined by TMA.
This deserves some experimentation.

Thank you, Pat1
  • #2,627
  • Mar 1, 2012 6:37pm Mar 1, 2012 6:37pm
Attached Image (click to enlarge)
Click to Enlarge Name: picture.jpg Size: 237 KB


The extreme data box is absent of data in the row and column boxes.
Any suggestions as to the problem?
  • #2,628
  • Mar 1, 2012 6:43pm Mar 1, 2012 6:43pm
Quoting Alorente
Jem,

Your settings are correct. Even though your Hrs Choice setting could be 11, you want it set to the London time zone because those are the pivots most traders watch.
Hello Al,
Page 176 !! You are killing Us! Went to bed last night at page 140, another 36 pages to catch up on.
The huge attraction of this system is that it is now almost purely mechanical.
However, since pivots are an important element I thought it would improve confidence to get a better understanding of the Daily Pivot Indicator.
A simple search resulted in 12,100 links only on FF.
After a lot of dead ends, was able to locate a manual for the indicator in a Zip file on the THV Thread.
After trying different time offsets, it is obvious that the DPV OR FPV and S/R levels are derived by using the previous and current day High/low range.
There are differing views on when the day actually begins.
Some prefer to use the broker start of day(mine is midnight), while others prefer trading start hour.
Others even suggest using trading start in the local time zone of the currency traded.
For the EU, it appears there is no substantial difference using GMT 0000 versus trading start of say GMT 0600 (Europe).
The opinions of more experienced traders would benefit us all, but I suppose it s fine just to stick with London.
EP
  • #2,629
  • Mar 1, 2012 6:43pm Mar 1, 2012 6:43pm
Quoting biganc
Attachment

The extreme data box is absent of data in the row and column boxes.
Any suggestions as to the problem?

Try applying it to a chart from a different broker. Open a demo account somewhere else and see if it works there. That is what I did.
  • #2,630
  • Mar 1, 2012 6:48pm Mar 1, 2012 6:48pm
Try applying it to a chart from a different broker. Open a demo account somewhere else and see if it works there. That is what I did.

Thanks for the suggestion. Will give it a try.
  • #2,631
  • Mar 1, 2012 6:49pm Mar 1, 2012 6:49pm
Quoting biganc
Attachment

The extreme data box is absent of data in the row and column boxes.
Any suggestions as to the problem?

The cause might be your broker's symbols. Some ECN Accounts display symbols in different ways, such as "EURUSDfx".

And some Indis/EAs can't read other types of symbols.

Like I said, this could be the reason, it happened to me a while ago.
  • #2,632
  • Mar 1, 2012 6:51pm Mar 1, 2012 6:51pm
To all
I was having a few probs with mine in other areas, so I deleted all the files in Metatrader, i.e. Experts, Indicators, Profiles.
Reinstalled Packet.zip and all is as it should be

Hope this helps.

FB
  • #2,633
  • Mar 1, 2012 6:54pm Mar 1, 2012 6:54pm
Quoting Alorente
OK. The new Packet.zip file is uploaded on Page 1. This has the latest version of everything, new Templates and Profile.

I promise I will not change it again for at least the next 30 minutes...Just kidding...
If I Change, the whole World changes!
  • #2,634
  • Mar 1, 2012 7:05pm Mar 1, 2012 7:05pm
Hola Alfredo,

I just bagged my first 24 pips using your system. I am tempted to start trading when you do tomorrow, but 3:00 am rolls around pretty early here on the east coast. We will have to wait and see. Until then, I just wanted to reiterate my appreciation for your sharing of ideas and patience in teaching.

Your Friend,

William
may you find what you seek and trade what you find
  • #2,635
  • Mar 1, 2012 7:08pm Mar 1, 2012 7:08pm
EURJPY M15 entered when bar almost touched R1 the second time, aiming for middle a little above FPV.

TmaSlope 0.07, falling
Price above upper band
Resistance held
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 109 KB
  • #2,636
  • Mar 1, 2012 7:12pm Mar 1, 2012 7:12pm
Quoting biganc
Attachment

The extreme data box is absent of data in the row and column boxes.
Any suggestions as to the problem?
If anybody has problems not seeing data in the grid, you have to tell me which broker you are using, so that I can test it and see if there is a symbol issue.

Also, if the terminal is loading data (left number going up), as can be seen in the bottom right corner of the terminal, MT4 is loading all the pairs and all the timeframes. It may take a minute or two. Changing timeframes will also re-initialize the indicator to prompt the terminal to continue to load data.

For most brokers that add suffixes, the indicator will add these automatically. You will not need to change anything.

Carl
  • #2,637
  • Edited 7:28pm Mar 1, 2012 7:15pm | Edited 7:28pm
Quoting frollollc
Here's my two cents about this new toy:

If we can consider the outer bands of the TMA as a form of support and resistance, then each time frame at any moment will display "TMA S/R" levels.
Then if we take snapshots at significant points of price action, perhaps a clustering of these levels would occur. These clusters may represent important S/R areas....defined by TMA.
This deserves some experimentation.

Thank you, Pat1
Just an observation...

The Indicator is appropriately named "Freeway" in that the vertical bars serve as guard rails and give forewarning that a curve is imminent. Notice how all are stair-stepped before the upcoming turn radius is known by other indicators; then confirmed by the zero TMA histo cross-over from green to red.

The key here is to find out if it is as obvious in real-time as it appears to be here. If so, twinned with the TMA Slope indicator, we have dual confirmation, in a M5 time-frame of a major turn in the market for this pair or possibly other instruments being studied.

Compare the second snapshot (current bar) and you will note that we are near dead center of all the TMA bars (white zone across M15, H1, H4 and D1) meaning we are in a ranging pattern for the next 24 - 48 hrs based on prior logic. A strong trend, as depicted by this indicator, requires an extreme push and spring-loading of the currency strength ready to recoil in the supported (by the freeway bars) direction.

Rather than have this as a primary indicator, I would suggest its best use as a start of the day high-level assessment tool to ensure one does not go against a nearing trend change. The currently being used template and indicators as well as the dashboard are best used at this, the 500 ft level rather than attempt to use this telescope to try and navigate moment to moment intra-day action.

Another possible use is to move to a longer time frame and swing trade leveraging the TMA slope and the Freeway indicators.

RD
Attached Image (click to enlarge)
Click to Enlarge Name: Freeway indicator possibilities.jpg Size: 167 KB
  • #2,638
  • Mar 1, 2012 7:42pm Mar 1, 2012 7:42pm
Quoting rdwatkins
Just an observation...

The Indicator is appropriately named "Freeway" in that the vertical bars serve as guard rails and give forewarning that a curve is imminent. Notice how all are stair-stepped before the upcoming turn radius is known by other indicators; then confirmed by the zero TMA histo cross-over from green to red........

RD

You are absolutely right.

I was just looking at it and was thinking about the same idea, I have to second You, which I think is a good thing, if we both though about the same thing at the same time.

Sometimes you get immersed in the intra-day action. This toy gives a very precise picture of what's going on in higher TF's. If You look for larger TP2's like me, this is an excellent toy, since you don't have to switch different TF's to be aware of the bigger picture.
  • #2,639
  • Mar 1, 2012 7:48pm Mar 1, 2012 7:48pm
If anybody has problems not seeing data in the grid, you have to tell me which broker you are using, so that I can test it and see if there is a symbol issue.

Also, if the terminal is loading data (left number going up), as can be seen in the bottom right corner of the terminal, MT4 is loading all the pairs and all the timeframes. It may take a minute or two. Changing timeframes will also re-initialize the indicator to prompt the terminal to continue to load data.

For most brokers that add suffixes, the indicator will add these automatically. You will not need to change anything.

Carl

Carl,

I am using Forexoma. I use it for demo. I trade live on Oanda. I can change brokers if this will fix the problem.

Biganc
  • #2,640
  • Mar 1, 2012 8:00pm Mar 1, 2012 8:00pm
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...
Support!! this is a very good thread and overall the strategy is good,

1) sell on top band and only buy at btm band which is --> only sell high, and buy low..


2) follow the TMA slope --> follow the trend..

For me, overall this thread sure will make some good profit in a long run.. Hope to join you all in this thread. =)

Calvin

Calvin
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