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TMA Reality Tour

  • #21
  • Mar 14, 2012 3:39am Mar 14, 2012 3:39am
no wonder...
I pick sell on audusd (luckily on demo) at the time I open the trade, that price was right at top of the tma and suddenly few hours later (the price was against me - up) i saw again the price previously where i took the trade now become in the middle of tma.

Be very careful... I just download the tma true and prefer using this one.

Thanks
  • #22
  • Mar 14, 2012 5:13am Mar 14, 2012 5:13am
Central line of "TMA true" == LWMA (linear weighted moving average) You have it in the built in moving averages of metatrader. Triangular moving average is something completely different (centered or not, does not matter)

Quoting jnfer
no wonder...
I pick sell on audusd (luckily on demo) at the time I open the trade, that price was right at top of the tma and suddenly few hours later (the price was against me - up) i saw again the price previously where i took the trade now become in the middle of tma.

Be very careful... I just download the tma true and prefer using this one.

Thanks
  • #23
  • Apr 1, 2012 7:45am Apr 1, 2012 7:45am
Quoting flyer415
guess that I never really understand the controversy here. as I said in NB thread http://www.forexfactory.com/showthre...=274194&page=7

the TMA is a 56 period LWMA with two bands of 2ATR(100) around it.

So just use a 56 LWMA and move on.
Have you added a LWMA 56 to a chart and looked at where it plots on the CURRENT candle versus where the extreme TMA midline plots on the current candle?

Did you analyze the extreme TMA indicator code to see what is actually calculated?

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #24
  • Apr 1, 2012 8:18am Apr 1, 2012 8:18am
Thanks, zznbrm, for starting this forum. I suspect that most noobs want to simply scroll back on their charts and practice looking for setups rather than having to go through all the work of finding a simulator and learning how to set it up and use it. i certainly prefer to just scroll the charts back!

When I scroll back, I want to be able to do a valid analysis using a plot that is reasonably close to what occurred in real time. I am not interested in seeing how the market flows through the curving bands! That can be interesting for a type of theoretical discussion, but it does not help me to find trade setups on my charts when I scroll back.

When I first started reading the extreme TMA thread, I did not realize what a big "problem" the repainting was until I found a combination of indicators that made beautiful entries and exits based on scrolling back charts, then found that they were worthless in real time. Further reading of the thread postings revealed more than just the TMA indicator repainting.

I think that people have forgotten how they would plot the TMA if they just had a pencil and paper. First, wait for the current candle to close. Next calculate the TMA value to be plotted at this candle's time. Next, put a dot on your graph paper at this value. Wait for the now painting candle to close. repeat the process.

Now, how shall we draw the TMA line? There are several options. The simplest is merely to connect the dots. I prefer this method, but I would guess that most people find this too choppy.

Another option is to use some type of curve fitting. I won't go into any details here, but folks should know the methods, or be able to do some research on the subject.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #25
  • Apr 1, 2012 8:20am Apr 1, 2012 8:20am
zznbrm,

Did you use TMA or LWMA fo the TMA true indicator?

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #26
  • Apr 1, 2012 9:36am Apr 1, 2012 9:36am
Quoting DrDave
Thanks, zznbrm, for starting this forum. I suspect that most noobs want to simply scroll back on their charts and practice looking for setups rather than having to go through all the work of finding a simulator and learning how to set it up and use it. i certainly prefer to just scroll the charts back!

When I scroll back, I want to be able to do a valid analysis using a plot that is reasonably close to what occurred in real time. I am not interested in seeing how the market flows through the curving bands! That can be interesting for a type of...
Yes, I agree with you DrDave. I prefer the "scroll back" ability the TmaTrue provides.

Although, it does appear some strategies use the previous cycles created by the TMA indicator for current trading decisions. In this case, a simulator would be needed to re-create the previous cycles.

But, unfortunately, too many traders still utilize the TMA indicator to look back through their charts to gauge the success of certain strategies. It is a shame.

Quote
Did you use TMA or LWMA fo the TMA true indicator?

The TmaTrue indicator plots the LWMA (using HalfLength + 1) for the current bar in the same way as the TMA indicator.

The difference is the TMA indicator also recalculates the previous HalfLength bars to give it those nice curved lines. The TmaTrue indicator does not do this extra step, allowing us to see where the midline actually was at the close of each bar.
  • #27
  • Apr 1, 2012 10:17am Apr 1, 2012 10:17am
Hey folks, if you are going to compare TMA True with the repainting version, be sure they both use the same value for ATRMultiplier! I think that bydefault, one of them uses 2 and the other 3.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #28
  • Edited 11:00am Jun 2, 2012 8:30am | Edited 11:00am
You guys are killing me. I continue to get asked questions about the Tma Slope. Ok...here goes:

- Yes, there is significant difference between many of the TmaSlope indicators around this site.

- Yes, most of the TmaSlope indicators repaint heavily.

- No, you should not use the repainting versions of TmaSlope indicators to visually backtest.

- No, I do not read hopwood's site and I will never post there.

- No, I do not use nanningbob's strategy.

- No, I do not use Alorente's strategy.

- Yes, I have developed a version of the TmaSlope for my own trading.

- Yes, you can visually backtest the TmaSlope indicator. But you should use a version that does not repaint past values. About a minute after I created my original TmaSlope indicator, I created one that does not repaint. It just simply makes sense to do that.

- Yes, I can create a non-repainting version for nanningbob's 10.2 tma slope. And yes, you can use it to visually backtest. And yes, it does show significant differences between the two versions. See below:

Edit: Updated with new version to rearrange code, remove unnecessary processing (indicator is twice as fast to load now), and give labels more meaningful coloring.
Attached Image (click to enlarge)
Click to Enlarge Name: tst.gif Size: 25 KB
Attached File(s)
File Type: ex4 10.2 TMA slope true 4.30.ex4   10 KB | 6,816 downloads
  • #29
  • Jun 2, 2012 9:07am Jun 2, 2012 9:07am
Quoting zznbrm
You guys are killing me. I continue to get asked questions about the Tma Slope. Ok...here goes:

- Yes, there is significant difference between many of the TmaSlope indicators around this site.

- Yes, most of the TmaSlope indicators repaint heavily.

- No, you should not use the repainting versions of TmaSlope indicators to visually backtest.

- No, I do not read hopwood's site and I will never post there.

- No, I do not use nanningbob's strategy.

- No, I do not use Alorente's strategy.

- Yes, I have developed a version...

Please also post the mq4 file version, or are you making some point ???

This is a very useful indicator and it would be nice to ne able to fully interact with it

Thanks
  • #30
  • Jun 3, 2012 3:31pm Jun 3, 2012 3:31pm
zznbrm

You may want to know;


When I attached your code on my typical chart, (I use a tick generator, to update my charts) when the generator through a new tick the platform closes down instently. Ordiarily it works fine with any code I have placed on it in the past. You may have some error in your code that you do not know about.

Keit
Trader Keit ... Methods Of A Dirt Road Mad Man....
  • #31
  • Edited Jun 4, 2012 12:58am Jun 3, 2012 4:12pm | Edited Jun 4, 2012 12:58am
Quoting CockeyedCowboy
zznbrm

You may want to know;


When I attached your code on my typical chart, (I use a tick generator, to update my charts) when the generator through a new tick the platform closes down instently. Ordiarily it works fine with any code I have placed on it in the past. You may have some error in your code that you do not know about.

Keit
Thanks for the feedback...working fine here. It is probably a MT4 version issue. I compiled it with the 432 build of MT4. I've attached a version compiled using build 419.
Attached File(s)
File Type: ex4 10.2 TMA slope true 4.30.ex4   10 KB | 3,295 downloads
  • #32
  • Jun 5, 2012 11:24am Jun 5, 2012 11:24am
Quoting zznbrm
Thanks for the feedback...working fine here. It is probably a MT4 version issue. I compiled it with the 432 build of MT4. I've attached a version compiled using build 419.
I am still using built 409 on my demo account, and noticed it no longer works sence the market opened this week I am getting an Old Version error. need to get things up dated, I guess.


I am assuming that your indicator is that in the lower sub window in the screen shot in post 28, is that correct?



Keit
Trader Keit ... Methods Of A Dirt Road Mad Man....
  • #33
  • Jun 5, 2012 4:44pm Jun 5, 2012 4:44pm
Quoting CockeyedCowboy
I am assuming that your indicator is that in the lower sub window in the screen shot in post 28, is that correct?
Yes.
  • #34
  • Jun 7, 2012 12:14pm Jun 7, 2012 12:14pm
//+------------------------------------------------------------------+
//| GetSlope() |
//+------------------------------------------------------------------+
double GetSlope(string symbol, int tf, int shift)
{
double atr = iATR(symbol, tf, 100, shift + 10) / 10;
double gadblSlope = 0.0;
if ( atr != 0 )
{
double dblTma = calcTma( symbol, tf, shift );
double dblPrev = calcTma( symbol, tf, shift + 1 );
gadblSlope = ( dblTma - dblPrev ) / atr;
}

return ( gadblSlope );

}

//+------------------------------------------------------------------+
//| calcTma() |
//+------------------------------------------------------------------+
double calcTma( string symbol, int tf, int shift )
{
double dblSum = iClose(symbol, tf, shift) * 21;
double dblSumw = 21;
int jnx, knx;

for ( jnx = 1, knx = 20; jnx <= 20; jnx++, knx-- )
{
dblSum += ( knx * iClose(symbol, tf, shift + jnx) );
dblSumw += knx;

if ( jnx <= shift )
{
dblSum += ( knx * iClose(symbol, tf, shift - jnx) );
dblSumw += knx;
}
}

return( dblSum / dblSumw );

}


For your info;
Guts of the TMAslope calculation
  • #35
  • Jun 9, 2012 7:03am Jun 9, 2012 7:03am
"No, I do not read hopwood's site and I will never post there"

Thats a shame because some of the best thinkers & coders from FF are their, With your programming talent, and keen FX awareness I'm sure that we could win the FX war.

Thank you for all the indicator help that you have bestowed on several of the blogs that I frequent.


Quoting zznbrm
You guys are killing me. I continue to get asked questions about the Tma Slope. Ok...here goes:

- Yes, there is significant difference between many of the TmaSlope indicators around this site.

- Yes, most of the TmaSlope indicators repaint heavily.

- No, you should not use the repainting versions of TmaSlope indicators to visually backtest.

- No, I do not read hopwood's site and I will never post there.

- No, I do not use nanningbob's strategy.

- No, I do not use Alorente's strategy.

- Yes, I have developed a version of the TmaSlope...
  • #36
  • Jun 9, 2012 12:29pm Jun 9, 2012 12:29pm
Quoting Traderduke
With your programming talent, and keen FX awareness I'm sure that we could win the FX war.

Thank you for all the indicator help that you have bestowed on several of the blogs that I frequent.
Thanks for your kind words...good luck with your trading.
  • #37
  • Jun 10, 2012 5:37am Jun 10, 2012 5:37am
Hi Z.

Brilliant indicator, could you confirm that this is based on lwma and not tma. NB seems to think it's the former.

Thanks for the brilliant work.
  • #38
  • Jun 10, 2012 8:54am Jun 10, 2012 8:54am
Quoting Eamonn
Hi Z.

Brilliant indicator, could you confirm that this is based on lwma and not tma. NB seems to think it's the former.

Thanks for the brilliant work.
Thanks for your kind words. I'm not sure which indicator you are referring to. However, if you are talking about non-repainting version of tma slope, I can assure you it accurately shows the slope value of the mid TMA line as it was at the close of each bar. Regardless of what nanningbob (assuming that's the NB you are referring to) might think, the calculations are correct. Spend some time using the indicators in a simulator and you can see for yourself.
  • #39
  • Jun 10, 2012 9:25am Jun 10, 2012 9:25am
Hello Zznbrm, Is it possible for you to code a currency slope strength true indicator as well that doesn't repaint??????
Attached File(s)
File Type: mq4 Currency Slope Strength v1.0.0 current.mq4   16 KB | 2,686 downloads
  • #40
  • Jun 10, 2012 10:33am Jun 10, 2012 10:33am
Quoting Colt45
Hello Zznbrm, Is it possible for you to code a currency slope strength true indicator as well that doesn't repaint??????
Yes, it is possible. Compiled using build 432 of MT4.
Attached File(s)
File Type: ex4 Currency Slope Strength true.ex4   14 KB | 5,100 downloads
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