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Vegas4 Hour Tunnel Question

  • #1
  • First Post: May 15, 2006 7:53am May 15, 2006 7:53am
Hello,

I am a bit confused on which data to use in determining the difference between the 5 & 21 MA's on the weekly chart for the Vegas 4 Hour Tunnel Method.

Do I simply put my mouse over the last two completed weekly candles, read the 5 & 21 values in the data window and then use these to calculate the change in momentum?
If I do this, I get the following 5 & 21 values:

Weekly candle that started 30Apr06 - MA5........1.7817
MA21.......1.7661
MA Diff.....156


Weekly candle that started 07May06 - MA5........1.8081
MA21.......1.7761
MA Diff.....320

The reason I am confused is that when the last weekly candle closed (07May06), the MA values are actually different than those shown above (1.8081 and 1.7761) if you put your mouse on the actual MA line on the chart. When I did this, I got the following values:

MA5.......1.8373
MA21......1.7869

I am currently using the Strategy BuilderFX demo of MT4.

Also, how can the MA values be taken on friday when the actual weekly candle does not show a close until sunday when the new candle starts.

Any help on how these values are determined would be appreciated

Thanks
Attitude + Power = Performance
  • #2
  • May 15, 2006 8:03am May 15, 2006 8:03am
Hi CFII and welcome to forex factory!

If I may suggest, maybe you would like to try an improvised version of the 4Hr model. It's called the knife and it has an indicator on its own here:
http://www.forexfactory.com/forexfor...25&postcount=2

The indicator already calculates the weekly momentum for you.
Additional information can be acquired from this thread:
http://www.forexfactory.com/forexfor...ead.php?t=3422

So, basically, that just means I can't answer your question because I already have the indicator to calculate it for me.
If you try and read the thread I gave above, maybe you can get your answer from there.

Also, there's a recent thread here you may want to check out where a few questions were asked about the knife:
http://www.forexfactory.com/forexfor...ead.php?t=5236

Hope this helps,
East
  • #3
  • May 15, 2006 9:06am May 15, 2006 9:06am
Quoting eastmaels
Hi CFII and welcome to forex factory!

If I may suggest, maybe you would like to try an improvised version of the 4Hr model. It's called the knife and it has an indicator on its own here:
http://www.forexfactory.com/forexfor...25&postcount=2

The indicator already calculates the weekly momentum for you.
Additional information can be acquired from this thread:
http://www.forexfactory.com/forexfor...ead.php?t=3422

So, basically, that just means I can't answer your question because I already have the indicator to calculate it for me.
If you try and read the thread I gave above, maybe you can get your answer from there.

Also, there's a recent thread here you may want to check out where a few questions were asked about the knife:
http://www.forexfactory.com/forexfor...ead.php?t=5236

Hope this helps,
East
Thanks eastmaels.

Is the Knife indicator placed on the 4 hour chart?

If anyone else knows, I would still like to find out which 5 and 21 MA values are used for calculating the MA difference.

Thanks again
Attitude + Power = Performance
  • #4
  • Edited 9:19am May 15, 2006 9:12am | Edited 9:19am
Quoting CFII
Thanks eastmaels.

Is the Knife indicator placed on the 4 hour chart?

If anyone else knows, I would still like to find out which 5 and 21 MA values are used for calculating the MA difference.

Thanks again
You're welcome CFII.

Yes, the knife indicator is placed on the 4 hour chart. After inserting the indicator, it will indicate the weekly momentum as "^^ UP ^^" or "vv DOWN vv".

Hope this helps.

East

P.S.
Okay, I tried what you did when you put your mouse over the MAs and sometimes it displayed a different value. Anyway, if I were to choose, I'd go with the values displayed in the data window to make it easier for me..
  • #5
  • May 15, 2006 10:31am May 15, 2006 10:31am
Quoting eastmaels
You're welcome CFII.

Yes, the knife indicator is placed on the 4 hour chart. After inserting the indicator, it will indicate the weekly momentum as "^^ UP ^^" or "vv DOWN vv".

Hope this helps.

East

P.S.
Okay, I tried what you did when you put your mouse over the MAs and sometimes it displayed a different value. Anyway, if I were to choose, I'd go with the values displayed in the data window to make it easier for me..
I guess the MA's change as the price of the current bar goes up and down. I was thinking you could use the initial value of the MA as soon as the prev. weeks bar closed. If you did the same thing the week before you would have the data necessary to calculate a change in the momentum.

Anyway, I looked at the coding of the Knife indicator and it appears to use the MA values of the pevious 2 weekly bars. I would imagine this is the same data that is in the Data window for the MA's. Makes sense to use this for automation purposes.

Do you use the StrategybuilderFX MT4 demo? It seems to use a time other than GMT which is a bit annoying for me. I tried to re-new my demo on InterbankFX (uses GMT) but it won't let me.

regards,

CFII
Attitude + Power = Performance
  • #6
  • Last Post: May 15, 2006 10:58am May 15, 2006 10:58am
Quoting CFII
Do you use the StrategybuilderFX MT4 demo? It seems to use a time other than GMT which is a bit annoying for me. I tried to re-new my demo on InterbankFX (uses GMT) but it won't let me.

regards,

CFII
Hi CFII,

Yes, I use a demo from StrategyBuilder. If I remember it right, it uses GMT + 1.

Anyway, gotta hit the sack. Will return here tomorrow.

Regards,
East
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