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Extreme TMA System

  • #3,801
  • Mar 6, 2012 2:13pm Mar 6, 2012 2:13pm
Quoting lologo
I would like to clarify one important detail: I think it would be interesting not only show in the TMASlope the three zones (buy, sell and ranging) but also (and this is what I meant in the post 3586) if the current bar is higher or lower than prior (see picture bellow) because in the TMA Extreme System we need to know this information (see exit rules, for example). Thus, we would need two white tones for Ranging zone, two green tones for Buy zone, and two red tones for Sell zone. We could better see the ups and downs when we place the TMASlope...

I'd like that also.
Steve
  • #3,802
  • Mar 6, 2012 2:14pm Mar 6, 2012 2:14pm
Quoting lologo
I would like to clarify one important detail: I think it would be interesting not only show in the TMASlope the three zones (buy, sell and ranging) but also (and this is what I meant in the post 3586) if the current bar is higher or lower than prior (see picture bellow) because in the TMA Extreme System we need to know this information (see exit rules, for example). Thus, we would need two white tones for Ranging zone, two green tones for Buy zone, and two red tones for Sell zone. We could better see the ups and downs when we place the TMASlope...
Yes, I agree.

Paradox, please add for the Rising Range Zone bars - DarkGray

For the Dropping Range Zone bars - LightSlateGray.

Thanks, bud.
Observation is the path to discovery.
  • #3,803
  • Mar 6, 2012 2:17pm Mar 6, 2012 2:17pm
Quoting Alorente
Yes, I agree.

Paradox, please add for the Rising Range Zone bars - DarkGray

For the Dropping Range Zone bars - LightSlateGray.

Thanks, bud.
Molto grazie, Alfredo, Paradox y Steve.
  • #3,804
  • Mar 6, 2012 2:25pm Mar 6, 2012 2:25pm
Quoting Alorente
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...

Al Thanks for posting Heiken Ashi Essentials, I have been a HA skeptic until now... you are very clear on how to read them and why you use them,
Wow it's amazing to see what I see now that I couldn't before, thanks to you taking the time to share your wisedom with us.

I really appreciate everything you share with us

Robert
  • #3,805
  • Mar 6, 2012 2:27pm Mar 6, 2012 2:27pm
Quoting Surfnomad
Al Thanks for posting Heiken Ashi Essentials, I have been a HA skeptic until now... you are very clear on how to read them and why you use them,
Wow it's amazing to see what I see now that I couldn't before, thanks to you taking the time to share your wisedom with us.

I really appreciate everything you share with us

Robert
Believe me, the more you use them, the more you wonīt ever be able to live without them.

Thanks.
Observation is the path to discovery.
  • #3,806
  • Mar 6, 2012 2:31pm Mar 6, 2012 2:31pm
Gbp chf..long
good bounce from support at lower band.
Ranging..
  • #3,807
  • Mar 6, 2012 2:42pm Mar 6, 2012 2:42pm
Quoting ahmedfouad77
Gbp chf..long
good bounce from support at lower band.
Ranging..
Yup. I'm already in it.
  • #3,808
  • Mar 6, 2012 2:53pm Mar 6, 2012 2:53pm
Big Al,

I am using the RSI H1 indicator to show me when enter on M15 trade.

What you think about it?

L.
  • #3,809
  • Mar 6, 2012 3:09pm Mar 6, 2012 3:09pm
Quoting jaau
Big Al,

I am using the RSI H1 indicator to show me when enter on M15 trade.

What you think about it?

L.
I love RSI. Iīve been using it for 30 years. Itīs like the palm of my hand to me. For years I traded just with RSI, 50 SMA and 200 SMA. I plotted them myself, since there were no computers then.

I think you wonīt go wrong with it.
Observation is the path to discovery.
  • #3,810
  • Mar 6, 2012 3:16pm Mar 6, 2012 3:16pm
Quoting Alorente
I love RSI. Iīve been using it for 30 years. Itīs like the palm of my hand to me. For years I traded just with RSI, 50 SMA and 200 SMA. I plotted them myself, since there were no computers then.

I think you wonīt go wrong with it.
Al, please, how do you suggest using it ? Watching for divergences ?

Thank you.
  • #3,811
  • Mar 6, 2012 3:19pm Mar 6, 2012 3:19pm
Quoting Alorente
Yes, I agree.

Paradox, please add for the Rising Range Zone bars - DarkGray

For the Dropping Range Zone bars - LightSlateGray.

Thanks, bud.
Here is a more colorful version
Attached File(s)
File Type: mq4 TmaSlope.v1.4 Normalized.mq4   7 KB | 822 downloads
  • #3,812
  • Mar 6, 2012 3:23pm Mar 6, 2012 3:23pm
Quoting beto21_cwb
Al, please, how do you suggest using it ? Watching for divergences ?

Thank you.
I use it in many ways, But the most important three:

1 - Divergences to price, especially above 70 and below 30.

2 - Breaking 60 on a long or 40 on a short are good trades in conjunction with Heiken Ashi.

3 - Drawing trendlines on peaks and entering on trendline break.
Observation is the path to discovery.
  • #3,813
  • Mar 6, 2012 3:24pm Mar 6, 2012 3:24pm
Quoting Paradox
Here is a more colorful version
Thanks friend.
Observation is the path to discovery.
  • #3,814
  • Mar 6, 2012 3:25pm Mar 6, 2012 3:25pm
Quoting maccanz
Hi Paradox...i have been playing with the indicators for several days and congratulations...they look good......i would like to try and follow multiple pairs real time to try and test the concept and i wondered if an alarm could be coded into both indicators with the option of altering the alarm level as well as turning the alarm off should it become a nuisance.

If that is too much of a problem...i completely understand...

kind regards
I believe Crodzilla and Al are working on an alarm dashboard. Also the TMA indicator already has alarms for the price exceeding the bands and this is the most important alert to pay attention to the pair. After that you would need to be pretty specific about the rules to base the alarms on.

Also I still use crodzillas v7 indicator since it does a good job of telling you which pair is worth looking at closer. Either a Red Sell or Green Buy on the chart of interest.
  • #3,815
  • Mar 6, 2012 3:27pm Mar 6, 2012 3:27pm
Quoting Paradox
Here is a more colorful version
Great, looks really cool! Thank you, man!
  • #3,816
  • Mar 6, 2012 3:28pm Mar 6, 2012 3:28pm
Coming up with a good strategy for these trending markets would be excellent.
  • #3,817
  • Mar 6, 2012 3:37pm Mar 6, 2012 3:37pm
Shah, can you please take the 1.4 Slopey that Paradox just brilliantly painted and add the M15 value like it was before? Please name the new one with the M15 value:TMASlope-v1.4-Scalping. Just email it to me when finished.

Thanks a lot.
Observation is the path to discovery.
  • #3,818
  • Mar 6, 2012 3:39pm Mar 6, 2012 3:39pm
I have awarded Paradox his first Vouch for all his great contributions to our thread.

Congratulations, man !!
Observation is the path to discovery.
  • #3,819
  • Mar 6, 2012 3:41pm Mar 6, 2012 3:41pm
Quoting Alorente
Shah, can you please take the 1.4 Slopey that Paradox just brilliantly painted and add the M15 value like it was before? Please name the new one with the M15 value:TMASlope-v1.4-Scalping. Just email it to me when finished.

Thanks a lot.
  • #3,820
  • Mar 6, 2012 3:43pm Mar 6, 2012 3:43pm
Quoting Alorente
I use it in many ways, But the most important three:

1 - Divergences to price, especially above 70 and below 30.

2 - Breaking 60 on a long or 40 on a short are good trades in conjunction with Heiken Ashi.

3 - Drawing trendlines on peaks and entering on trendline break.
Thanks for the info...what period do you prefer? The standard RSI(14)?
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