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Extreme TMA System

  • #3,741
  • Mar 6, 2012 10:34am Mar 6, 2012 10:34am
Quoting fxtr51
Tuauxp,
something is wrong with your TMA indicator.
My screenshot is taken on M5 USDCAD with the latest TMA from package1 on posting #1

http://i.imgur.com/P5cN3.jpg

fxtr I don't see anything wrong with your chart. But if it is any help I AM looking forward to watching Barcelona advance in the champions league tomorrow.


Maybe you are confused about the colors. The white line means the bars are between the threshold bands. Not necessarily the same color as the slope bars.
  • #3,742
  • Mar 6, 2012 10:36am Mar 6, 2012 10:36am
Quoting Alorente
On a long steady trend, you will see that the pullbacks generally make it only to the lower band or the center line. If you are brave, you can trade as price reaches the center line on pullbacks. It is not following the rules, but in a strong trend, you will get few to no trades if you wait for opposite band retracement. Two examples: GbpUsd and UsdJpy. Both retraced to center line. That would have been a great place to go short again. On that type of a trade, I do use a close stop on the other side of Center line.

I understand, thank you. But to trade in the OPPOSITE direction of the trend, should the price enter and then re-exit the bands?...or is the TMAslope returning to "ranging" enough to consider a trade is the opposite direction of the recent trend? (of course the other conditions must be satisfied)
  • #3,743
  • Mar 6, 2012 10:36am Mar 6, 2012 10:36am
Quoting Paradox
So sorry it has turned to this. I did not actually think that mladen was upset though. I never thought I would get mixed up in something like this over a moving average calculation. My flippant copyright remark just reflect my general beliefs about knowledge sharing that has made all of our human lives possible.
Donīt worry about it Paradox, you are sharing your time and knowledge for the benefit of everyone here. There is no reason for them to get upset about others sharing indicators that they released long ago and they no longer have a profitable use for, especially after many others have used them in their own systems before us. We did not knowingly do anything wrong and we do not deserve this treatment. Their posture is selfish and unreasonable. You should not let it affect you.
Observation is the path to discovery.
  • #3,744
  • Mar 6, 2012 10:37am Mar 6, 2012 10:37am
Quoting flaw
Al, Glad I'm still up. Just followed your lead, closed EU short +340 pips. Thank you for your earlier advice. flaw
Great going, flaw. Now Iīm doubly happy.
Observation is the path to discovery.
  • #3,745
  • Mar 6, 2012 10:38am Mar 6, 2012 10:38am
Quoting lologo
Okay, Al:

Just drag the indicator from the browser window on the left (where all the indicators are) and drop it onto another indicator on the chart.
It is very easy.
Thanks friend.
Observation is the path to discovery.
  • #3,746
  • Mar 6, 2012 10:43am Mar 6, 2012 10:43am
[quote=ahmedfouad77;5448288]
Quoting Alorente

Hi Al,

They are the same...The old ones which I used to read..!!
Where are the new ones.?
I am afraid I am missing something.

Thanks.

Ahmed
The old ones belong to the annals of history. Those are the new ones.
Observation is the path to discovery.
  • #3,747
  • Mar 6, 2012 10:44am Mar 6, 2012 10:44am
Quoting Tuauxp
Hi Al,

Indeed good work this night, but i still see its not 100% fixed, you can see in my screenshot that the TMASlope v1.4 Normalized Indicator says ONLY SELL at -0.55, but in the TMA v1.4 Color Center Line Indicator you can see the red line turned into white more than 1 hour ago.......

Happy trading !
Interesting I did not see that in backtesting but maybe that is just different feeds.

There are 2 points of difference between these indicators I will point out. One of the reasons among many it is so much easier to write code from scratch.

1. The ATR in the TMA indicator is actually offset 10 bars. I am not sure why but it is and that can make there be slight differences in the values as volatility is changing.

2. These indicators use a very different codebase to calculate the TMA. I would think they should be the same but am in no way going to endorse that they are.
  • #3,748
  • Edited 12:17pm Mar 6, 2012 10:45am | Edited 12:17pm
For those who still sending me pm, you can directly download the file from post #3273.
Wishing my last name were LESS
  • #3,749
  • Mar 6, 2012 10:51am Mar 6, 2012 10:51am
Quoting frollollc
I understand, thank you. But to trade in the OPPOSITE direction of the trend, should the price enter and then re-exit the bands?...or is the TMAslope returning to "ranging" enough to consider a trade is the opposite direction of the recent trend? (of course the other conditions must be satisfied)
No. The trade would always be in the direction of the trend on a pullback to the center line. Never against the trend. I donīt counter trend anymore. Learned that the hard way many years ago...
Observation is the path to discovery.
  • #3,750
  • Edited 11:17am Mar 6, 2012 10:54am | Edited 11:17am
While Eu bouncing up testing daily S1 on 15m chart, it seemed practical to me to scalp 1m shorts(the trend) to the bottom for 10 pips; did it twice. I'm using 15m TMASlope that says ranging and then scalped one minute trades first one from upper 1m band and 2nd one from the 200sma that seemed to be holding its 1m upward movement for last hour or so. Also, traded with 15m and 1m MA histogram agreement too.

Put this all together and it seems to work. Thanks Al...

Steve

PS: just closed a 3rd eu 1m short...wow!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 1m.gif Size: 16 KB
Click to Enlarge Name: eu 15m.gif Size: 16 KB
  • #3,751
  • Mar 6, 2012 10:59am Mar 6, 2012 10:59am
Al,
Thanks for the info regarding the Vix levels and Risk off. That will be a handy tool. I see it's at 20.47 currently and rising.
  • #3,752
  • Mar 6, 2012 11:01am Mar 6, 2012 11:01am
Quoting Alorente
Thanks friend.
Al, es para mí un placer aportar aunque sea un granito de arena.

Un abrazo, amigo.
  • #3,753
  • Mar 6, 2012 11:03am Mar 6, 2012 11:03am
Quoting stevewide
While Eu bouncing up testing daily S1 on 15m chart, it seemed practical to me to scalp 1m shorts(the trend) to the bottom for 10 pips; did it twice. I'm using 15m TMASlope that says ranging and then scalped one minute trades first one from upper 1m band and 2nd one from the 200sma that seemed to be holding its 1m upward movement for last hour or so. Also, traded with 15m and 1m MA histogram agreement too.

Put this all together and it seems to work. Thanks Al...

Steve
That is a great tactic, as long as you take only the shorts and not the longs. Excellent.
Observation is the path to discovery.
  • #3,754
  • Mar 6, 2012 11:04am Mar 6, 2012 11:04am
Al,

VIX = US Volatility Index ?
  • #3,755
  • Mar 6, 2012 11:23am Mar 6, 2012 11:23am
For those of you who donīt know these candles well, let me mention 4 characteristics that make Heiken Ashi candles ideal to help you stay in the trend and avoid early exits. They are pretty helpful for entering a trade too:

1 - HA candles all remain the same color when locked in a strong trend. As you can see in the pictures below, they are all Red for downtrends and all Blue (Green) for up trends.

2- HA candles, on strong trends, do not have "tails" or "shadows" on the end of the candles away from the trend. On Red candles, no tails on the top end. On Blue candles, no tails on the bottom end. When tails begin to appear it could be an indication of the trend weakening.

3- HA candles form Dojis at the end of the trend. Dojis are candles with very small bodies and with long tails or shadows on both sides of the body. This is a clear indication that the trend is ending. Be ready to exit at change of color of the present or next candle.

Heiken Ashi Stop Loss System: One of the advantages of Heiken Ashi candles is stop loss placement. As the trend stair steps down for shorts or up for longs, place the stop loss just above of the previous candle for shorts and just below of the previous candle for longs. Trail your stop in the same way after every new candle begins. When the first candle of opposite color appears, you can either close the trade manually or let your trailing stop trigger.

As you trade with Heiken Ashi you will enjoy them more and more. They will become your best friend and ally. Good luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: HA Downtrend.jpg Size: 98 KB
Click to Enlarge Name: HA Uptrend.jpg Size: 69 KB
Observation is the path to discovery.
  • #3,756
  • Mar 6, 2012 11:31am Mar 6, 2012 11:31am
Quoting lologo
Al,

VIX = US Volatility Index ?
Correct
Observation is the path to discovery.
  • #3,757
  • Mar 6, 2012 11:46am Mar 6, 2012 11:46am
Maybe will be a setup for Eur gbp short ?
What do you think AL ?
  • #3,758
  • Mar 6, 2012 11:54am Mar 6, 2012 11:54am
Quoting Alorente
On a long steady trend, you will see that the pullbacks generally make it only to the lower band or the center line. If you are brave, you can trade as price reaches the center line on pullbacks. It is not following the rules, but in a strong trend, you will get few to no trades if you wait for opposite band retracement. Two examples: GbpUsd and UsdJpy. Both retraced to center line. That would have been a great place to go short again. On that type of a trade, I do use a close stop on the other side of Center line.

This is exactly what i did as well on 1M today, when 5M TMAslope has got the "Sell only" printed, i wait for price to climb on the 1M back to the TMA centreline , any signs of weakness and i just reshort , tight stops. Works great ..
You gotta know when to hold 'em, know when to fold 'em ...
  • #3,759
  • Mar 6, 2012 11:55am Mar 6, 2012 11:55am
bcarbon, Thank you for the information. I don't know how to edit my post. I'll post again.
Wishing my last name were LESS
  • #3,760
  • Mar 6, 2012 12:00pm Mar 6, 2012 12:00pm
Quoting LuisPrinc
Maybe will be a setup for Eur gbp short ?
What do you think AL ?
I am short EurGbp now.
Observation is the path to discovery.
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