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Channel Trading: Discussing the possibilities

  • #21
  • Apr 18, 2012 8:15pm Apr 18, 2012 8:15pm
I love it...Which the best setting for indicator?
_period=bars=? or _fixed date =?
  • #22
  • Edited 8:54pm Apr 18, 2012 8:35pm | Edited 8:54pm
good, for the one im using im just using the defaults, go back 1 yr from current date, fixed date

Quoting nkune
I love it...Which the best setting for indicator?
_period=bars=? or _fixed date =?
Skype: heliosphan187
  • #23
  • Apr 21, 2012 7:17pm Apr 21, 2012 7:17pm
Hi Dinesh

Thanks for a wonderful indicator. Which pairs does this indicator work best? Do you use any other oscillator/indicator to support this indicator?

With regards,

Pramod
  • #24
  • Apr 22, 2012 4:23pm Apr 22, 2012 4:23pm
Hi Pramod thanks for checking the thread. Still trying to figure that out, but so far im concentrating on non USD cross pairs with strong fundies. I think there could be some promise in overlapping smaller TF's onto longer like daily--pictures above. I steer clear of the gbp crosses as I've been spanked pretty hard on those a few times. CAD and AUD crosses seem most tradable on a daily TF.

Quoting gupta_pramod
Hi Dinesh

Thanks for a wonderful indicator. Which pairs does this indicator work best? Do you use any other oscillator/indicator to support this indicator?

With regards,

Pramod
Skype: heliosphan187
  • #25
  • Aug 26, 2014 4:23pm Aug 26, 2014 4:23pm
I like the Polynomial Regression Channel and understand about the rewriting. My preference is to use a momentum indicator in conjunction with the PRC. My choice is an 11-period CCI that has gone below -200 and reversed to the upside at the same time that the PRC is Sloped-Up with the Price Action having dipped below the Lower (not necessarily Lowest PRC Line) and closed above it.

I use Range Bars equivalent to 15-minute, 45-minute and 135-minute charts. If the Slope-Up applies to all 3-"time-frames", and all other above-stated criteria is present I'm ready to go. In the attached Chart, The dark-green Up-Triangle satisfies all the criteria.
JD
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-26_1721_Karren.png Size: 73 KB
  • #26
  • Sep 24, 2015 11:06am Sep 24, 2015 11:06am
Quoting hanover
The channel indicator looks like an offshoot of i-Regr, which is a polynomial regression function. Some folk believe that it's impossible to profit using a repainting indy. I disagree, but I nonetheless believe it's important to keep in mind — if you're performing a 'visual backtest' — that the channel would have plotted differently at the time the historical candles appeared at the right side of the chart. Or conversely, the repainting makes the channel fit itself around price a lot better than it does...

Hi Hanover

I tried to use the this indicator but it doesn't compile.Is this because of the New Build issues or am I missing something.

The function where you can shift back is exactly what I was looking for but now I am so close yet so far.

Please let me know what you think the issue is and how big it might be.

Or if you maybe know of a a similar indi that can shift the channel back to reflect what it look like once in the past.

Thank you very much for your time


Rooi
We miss 100% of the shots we don't take
  • #27
  • Sep 24, 2015 4:05pm Sep 24, 2015 4:05pm
Quoting Rooi
.....it doesn't compile.Is this because of the New Build issues or am I missing something.....
Yes, it would seem that it's due to the new build issues, because when I compile it now, using the build 509 compiler, there are no errors.

I've attached the .ex4 file created by the build 509 compile. I haven't tested it, but MetaQuotes assure us that 'old' .ex4s will continue to run correctly on the new builds.
Attached File(s)
File Type: ex4 i-Regr.ex4   15 KB | 887 downloads
  • #28
  • Edited 12:25am Sep 25, 2015 12:13am | Edited 12:25am
Quoting hanover
{quote} Yes, it would seem that it's due to the new build issues, because when I compile it now, using the build 509 compiler, there are no errors. I've attached the .ex4 file created by the build 509 compile. I haven't tested it, but MetaQuotes assure us that 'old' .ex4s will continue to run correctly on the new builds. {file}

Works perfectly

Thank you very much for the effort

Rooi


PS - Wanted to PM you but I see it has been disabled I guess for obvious reasons.Hope you don't mind me asking but you did make mention of using this type of indi with MTF Stochs.Do you still do that or do you do something different ?

Thanks again for your time
Attached Image (click to enlarge)
Click to Enlarge Name: I-reg.png Size: 77 KB
We miss 100% of the shots we don't take
  • #29
  • Edited 11:25pm Sep 25, 2015 2:24am | Edited 11:25pm
Quoting Rooi
Hope you don't mind me asking but you did make mention of using this type of indi with MTF Stochs. Do you still do that or do you do something different ?
Rooi,

If the poly_degree is set to 1, i-Regr is effectively a linear regression indy (just like the line study that is native to MT4). It could be used as a 3-in-1 signal indy, i.e. the slope of the lines indicates the trend, then you wait for a pullback into the opposite half of the plot, and then a candle or other pattern (S/R, S/D, VSA etc) that suggests that the main trend is resuming. However, keep in mind that the indy repaints, hence you need to use the historical_shift setting to see how it would have plotted X candles ago.

A trader named Mostafa Belkhayate used the i-Regr indy with a poly_degree of 2, and then developed and sold a system based around it. (Search for his name on Google or YouTube, if you want to find more info on his system). However, the higher the poly_degree, and/or the lower the bars_in_window, the more responsive the plot becomes to the most recent candles, which IMHO causes the indy to lose its ability to summarize the longer term picture, which I believe is its main strength.

Back in 2008 I posted some info on the math behind the indy here (it had been renamed to 'Center of Gravity' or 'CoG' indicator, but its calculation was exactly the same).

Having said all that, these days I use a mix of FA and some TA (mainly S/D zones, climax volume candles, and some OB/OS). Linear regression (or std deviation channel, which is much the same thing) is a reasonable OB/OS indy, or if you dislike the repainting you could use Bollinger Bands (info here) instead. The PSA indicator calculates currency strength and weakness based on the slope of multiple regression lines (the steeper the average slope of the lines, the stronger the trend).

David
  • #30
  • Sep 25, 2015 3:05am Sep 25, 2015 3:05am
Quoting hanover
{quote} Rooi, If the poly_degree is set to 1, i-Regr is effectively a linear regression indy (just like the line study that is native to MT4). It could be used as a 3-in-1 signal indy, i.e. the slope of the lines indicates the trend, then you wait for a pullback into the opposite half of the plot, and then a candle or other pattern (S/R, S/D, VSA etc) that suggests that the main trend is resuming. However, keep in mind that the indy repaints, hence you need to use the historical_shift setting to see how it would have plotted X candles ago. A trader...

Hi Hanover

Thanks for the info and your time.

I was thinking something like this
Attached Image (click to enlarge)
Click to Enlarge Name: i-reg stoch.png Size: 76 KB


I will check the info you shared.

All the best

Rooi
We miss 100% of the shots we don't take
  • #31
  • Nov 19, 2015 3:08am Nov 19, 2015 3:08am
Quoting Rooi
{quote} Hi Hanover Thanks for the info and your time. I was thinking something like this {image} I will check the info you shared. All the best Rooi

Hi Rooi,
I am a strong believer of regression channels and i have searched and searched endlessly for a "short regression channel" that does not extend to the future. The ones i have come across so far all have this future extensions (except yours), which i think consumes lots of CPU resources. Please, i will be exceedingly glad if you would make your short regression channel indicator available. Thank you in advance.
  • #32
  • Dec 27, 2015 12:50am Dec 27, 2015 12:50am
Hi guys,

Can anyone help me - I am trying to download to and open on my MT4 platform the files that DirtyBrown (heliosphan187) posted at the begining of this thread for the fantastic channel indicator, just won't open on my MT4 (version 4 build 940).

Is anyone still using this channel indicator and if so can you repost the necessary files for me or advise me what I need to do ? ')

much appreciated
  • #33
  • Jan 18, 2017 5:23pm Jan 18, 2017 5:23pm
Quoting Rooi
{quote} Hi Hanover Thanks for the info and your time. I was thinking something like this {image} I will check the info you shared. All the best Rooi
Can you please toss me that indicator?!

Thanks a lot in advance
  • #34
  • Last Post: Dec 22, 2021 3:09am Dec 22, 2021 3:09am
Quoting Rooi
{quote} Hi Hanover Thanks for the info and your time. I was thinking something like this {image} I will check the info you shared. All the best Rooi
mr roi, your indi stochastic looks good, can anfa share it?...
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