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Extreme TMA System

  • #3,501
  • Mar 5, 2012 4:32pm Mar 5, 2012 4:32pm
Quoting shahrooz67
Very nice indicator . I really like it , it can even replace TMA slope indicator (we get two results by one indi)

Great Work for the coder
think his/her name is mladen
Paradox coded it. Shah, the problem is it only works on M15. When you switch to other TFs it doesn´t match the Slope indi. Can you look at the code and see if you have any ideas of how to correct that?
Observation is the path to discovery.
  • #3,502
  • Mar 5, 2012 4:47pm Mar 5, 2012 4:47pm
Quoting Alorente
Paradox coded it. Shah, the problem is it only works on M15. When you switch to other TFs it doesn´t match the Slope indi. Can you look at the code and see if you have any ideas of how to correct that?

for sure

if the coder allows me I will have a look tomorrow.


Have a good night
  • #3,503
  • Mar 5, 2012 4:47pm Mar 5, 2012 4:47pm
I like it too...
  • #3,504
  • Mar 5, 2012 4:53pm Mar 5, 2012 4:53pm
Quoting Alorente
Paradox created this indi. I´m sure he can match it to the Slope indi so they both sing the same tune.
Yeah I noticed this yesterday, you moved too quick to adopt the normalized versions. In the TMA trendline I made the mistake of normalizing by the band range which is double the atr. I attached a fixed version that also has normalize on by default.

I am including a couple version changes to your latest normalized slopey version. The one you have is wrong in that it can get a 0 atr and division by zero error at the beginning of the chart or in backtesting mode. The attached fixed indicator only addresses this bug if you want to continue with that.

That version normalizes everything by the current atr. This was only to make it easier to make those arrows behave identical to the slopey indicator you were already using. It looks like in this version you removed that functionality anyways so I am making a version that uses each bars ATR to compute the slope this is identical to the color trendline way of doing things. Basically this make the values easy to explain. .5 is rising at 5% of that bars ATR or 2.5% of the band width at each bar.


EDIT: I just swapped the fixed one with a file I actually fixed. Sorry changing a bunch of similar files quickly got me turned around. Someone please do a sanity check on what I just sent out.
Attached File(s)
File Type: mq4 TmaSlope.v1.3_NormalizedRecommended.mq4   6 KB | 793 downloads
File Type: mq4 TMATrendColorCenterLine.mq4   11 KB | 839 downloads
File Type: mq4 TmaSlope.v1.3_NormalizedFixed.mq4   6 KB | 796 downloads
  • #3,505
  • Mar 5, 2012 5:03pm Mar 5, 2012 5:03pm
Quoting shahrooz67
for sure

if the coder allows me I will have a look tomorrow.


Have a good night
Anyone is welcome to modify anything they want. The mladen is just the copyright info from the original code. This is all just modifications of the TMA file that has always been included in the system.
  • #3,506
  • Mar 5, 2012 5:05pm Mar 5, 2012 5:05pm
Quoting Alorente
Paradox coded it. Shah, the problem is it only works on M15. When you switch to other TFs it doesn´t match the Slope indi. Can you look at the code and see if you have any ideas of how to correct that?
Hopefully my latest fixes address the issue you are seeing. If not you will have to be more specific since they seem the same on the charts I have checked.
  • #3,507
  • Mar 5, 2012 5:22pm Mar 5, 2012 5:22pm
Fantastic indies Al.
Thanx so much
.... laughing all the way to the bank
  • #3,508
  • Mar 5, 2012 6:08pm Mar 5, 2012 6:08pm
Quoting Alorente
After testing it with all pairs, indices, metals, etc. I´ve decided to finally go with the TMASlope Normalized indicator.
Yes! I knew there was something special with the Normalized version. I've been using it since Paradox posted it and it's been pretty good so far at telling the trend story on ALL timeframes.
  • #3,509
  • Mar 5, 2012 6:37pm Mar 5, 2012 6:37pm
Is anyone else having a problem with TMAslopev1.3normalized and TMAslopev1.3normalizedfixed not showing up on EURJPY?

They show up on everything else, but not EURJPY.
  • #3,510
  • Mar 5, 2012 6:42pm Mar 5, 2012 6:42pm
Quoting rcbarlow
Is anyone else having a problem with TMAslopev1.3normalized and TMAslopev1.3normalizedfixed not showing up on EURJPY?

They show up on everything else, but not EURJPY.
No I don't see any issue with EURJPY. Try making sure you have removed the indicator from the chart and re adding it. Or better yet restart the app and make a new chart.

There is tab at the bottom called Experts. You can look in there and see if there is an error in an indicator.
  • #3,511
  • Mar 5, 2012 6:48pm Mar 5, 2012 6:48pm
Under experts at the bottom, I am getting:

2012.03.05 19:47:48 TmaSlope.v1.3_Normalized EURJPYi,M15: zero divide
  • #3,512
  • Mar 5, 2012 6:57pm Mar 5, 2012 6:57pm
I'm confused. What is the difference between

TmaSlope.v1.3_NormalizedRecommended.mq4
TmaSlope.v1.3_NormalizedFixed.mq4
  • #3,513
  • Mar 5, 2012 7:05pm Mar 5, 2012 7:05pm
Quoting rcbarlow
Is anyone else having a problem with TMAslopev1.3normalized and TMAslopev1.3normalizedfixed not showing up on EURJPY?

They show up on everything else, but not EURJPY.

Everything is fine here on all my pairs, including EURJPY. Thank you, Paradox.
  • #3,514
  • Mar 5, 2012 7:16pm Mar 5, 2012 7:16pm
Quoting odellcash
I'm confused. What is the difference between

TmaSlope.v1.3_NormalizedRecommended.mq4
TmaSlope.v1.3_NormalizedFixed.mq4
Yup, I have the same doubt... Paradox, could you please clarify ?

Thank you, and good job !
  • #3,515
  • Mar 5, 2012 7:19pm Mar 5, 2012 7:19pm
Holy smoke, did anyone take that short trade right of the FPV ?

I just saw it... Too late...
Attached Image (click to enlarge)
Click to Enlarge Name: 3-5-2012 10-17-49 PM.jpg Size: 150 KB
  • #3,516
  • Mar 5, 2012 7:25pm Mar 5, 2012 7:25pm
Yes, FPV are there but in the line . I dont know if this a valid signal, mostly when was time report in AUD.
  • #3,517
  • Mar 5, 2012 7:28pm Mar 5, 2012 7:28pm
Sorry to make this so lengthy, but I want to be sure I understand the system. Anybody, please feel free to let me know if I am misunderstanding anything basic.

The system attempts to pick temporary imbalances in the order flow (extreme price deviation from the mean.) The plan is to enter at these extremes and trade back in the direction to the mean, or beyond, to the opposite band.

The TMA defines the mean, and the bands define the border of the extremes. The TmaSlope is supposed to show divergence; indicating an increasing probability of price beginning to head toward the mean soon. When price is outside either band, and the slope of the TmaSlope is correct, there is a setup occurring.

When these conditions are in place you must pick a level to enter the trade where price is likely to reverse. This would be at one of the fib pivots. Since it is unknown if price will continue through the level, there must be some way of determining that price has begun to swing back toward the TMA. There have been several ways discussed; MA cross, multiple price tests of pivot level, HA color change, price crossing 5x5 MA, etc. One or more of these can be used as the trigger for trade entry. Again, these simply indicate that price pressure may be temporarily increasing back toward the TMA.

If price moves in the desired direction, or stalls, there are various discretionary ways of exiting which have been discussed.

Conversely, price may fail to revert to the mean and continue moving away from it after your entry. If this occurs, you must act to limit the drawdown, such as stopping out at some point or using recovery to attempt to exit at breakeven. So far, these are the two methods discussed for exiting a trade that has moved against the entry point.

Is this summary complete, or am I missing something?

Thanks,
Dave
  • #3,518
  • Mar 5, 2012 7:40pm Mar 5, 2012 7:40pm
Quoting rcbarlow
Under experts at the bottom, I am getting:

2012.03.05 19:47:48 TmaSlope.v1.3_Normalized EURJPYi,M15: zero divide
Yeah that was the issue in the one that Al posted. Fixed just fixes this bug. But still it attempts to get a broad atr from 1000 bars so it is possible if you don't have enough history that even fixed will be blank on some pairs.
  • #3,519
  • Mar 5, 2012 7:45pm Mar 5, 2012 7:45pm
NZDUSD 15m is testing S2 now:


Attached Image (click to enlarge)
Click to Enlarge Name: 3-5-2012 7-44-03 PM.png Size: 30 KB


Went long just above S2

  • #3,520
  • Mar 5, 2012 7:46pm Mar 5, 2012 7:46pm
Quoting beto21_cwb
Yup, I have the same doubt... Paradox, could you please clarify ?

Thank you, and good job !
The code that Al posted uses a single present value atr to normalize the entire histogram. Fixed is just a bug fix to address the potential zero divide issue. Recommended is a different way of doing it that uses the atr from each bar which makes more sense. I just didn't do it that way originally to avoid messing with the divergence arrows that used to be part of the system.

I can't speak for Al but since he does seem to like the colored TMA line and Recommended is the slope indicator that will behave identically I think he will settle on that one. Then there will be no more confusion.
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