DislikedThanks.....but I don't trade with MT4, I just use it for charting. My brokers native charts already have that drag and drop feature, which as you say, is very handy.Ignored
- #2,005
- Edited 8:57am Aug 12, 2012 7:25am | Edited 8:57am
Yes sir, attached!
Here is the Symphonie SET Candles indicator adapted for Genesis, as well as a modification of the original.
Put all of these indicators in your MT4 experts\indicators folder, close and restart MT4 (if it was running), then load either SET or ESET onto any chart, any time frame.
The original Symphonie_SET_Candles indicator was a predecessor of the Symphonie Matrix and painted the price candles based on the agreement (or not) of the Emotion and Sentiment indicators. Despite it's name (the T in SET stands for Trendline), the trendline indicator of Symphonie was not used in the rules for painting in v3.
Genesis_SET_Candles_1.00 duplicates this behavior exactly, and all this indicator does is paint the candles of the main chart according to whether the bottom 2 lines of the Genesis matrix agree. If both are red, the candle is red, if both are blue, the candle is blue, and they are mismatched, the candle is yellow.
If you use this (I won't), interpret the signals carefully. Blue candles only mean that 2 of the 4 lights in a column of the Genesis Matrix are blue, NOT the entire 4 indicators of the matrix.
Genesis_ESET_Candles_2.00 takes the concept a step further, and uses all 4 lines of the matrix to determine how to paint the bars in the price window. If there is a full Genesis Signal long, the price bars are blue; if there is a full Genesis Signal short, the price bars are red. If there is disagreement in any of the matrix signals, the price bar is yellow.
I won't be using this one either, because you lose 2 important features: the color of the price candle and the ability to use the Heiken Ashi candles. One of the recommended entry rules is an opening of the Heiken candle clear of the EMA5 line.
Note that if you are loading the ESET_Candle_2.00 indicator, there is really no reason to load the Genesis Matrix on the same chart. If you load both, you double the computation needed per tick, and gain no additional information from that.
Personally, I'll stick to the Genesis Matrix, which is at least the grandchild of the Symphonie_SET_Candles, and in my opinion, improves on it. The Matrix summarizes the information concisely, doesn't obliterate the Price Action information in doing so, and preserves the ability to use the Heiken Ashi. Which is sort of appealing to both my Right Brain and my Left Brain.
--Cody
- #2,007
- Aug 12, 2012 11:47am Aug 12, 2012 11:47am
Hi Wiz,
Interesting and dare I say surprising numbers (i have to trust your calculations at this point)...
.... I'm no good at Excel so if I may suggest a few more avenues that you and your spreadsheet skills could explore when you have some 'spare' time:
1) rerun the same on the other commonly traded pairs in here (EY, CY, UC, GU, GY, AU, AY...) to see if we get similar or opposed results.
2) out of more interest to me (and others I presume), would be the stats between the DP & S1/R1 and possibly S2/R2 (ie., if O<DP how often are S1-2/R1-2 reached...
I am happy someone appreciate. I am just back from a little vacation and now I am ready to work again on these stats during my nights without sleep
Now I am working on S1/R1 (the preliminar stats are very interesting) and other pivots levels; these stats are a little more complex and I need still few days to complete them before sharing with you and all others.
Concerning the other pairs I can't assure you I am going to analyze all the pairs but a couple for sure. Any way I can share my excel file so that everyone can contribute.
ciao
wiz
You control how you trade; the market controls how and when you'll get paid
genaja,
Here is the
Genesis_SET_Candles_1.00
Genesis_ESET_Candles_2.00
set.
what a great work! Many thanks for your great scripts.
Your arguments with loosing org. candle color and Heiken Ashi are correct. But, if its possible to use this scripts with HA Candles, the second problem is fixed.
Great work, many thanks for that!!!
Hi Cody,
what a great work! Many thanks for your great scripts.
Your arguments with loosing org. candle color and Heiken Ashi are correct. But, if its possible to use this scripts with HA Candles, the second problem is fixed.
Great work, many thanks for that!!!
And it's certainly possible to load the Heiken on top of these, if you want. I tried it to be sure before I uploaded them. Guess I'm to used to the other appearance.
- #2,011
- Aug 12, 2012 8:28pm Aug 12, 2012 8:28pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Its not dicey charting and ordering on different platforms? I tried it but found things a tad touch-and-go with entries and spreads distorting the trades. How did you manage to get the handle on this?
Doing what you like is Freedom. Liking what you do is Happiness.
- #2,013
- Edited Aug 13, 2012 12:57am Aug 12, 2012 10:49pm | Edited Aug 13, 2012 12:57am
- Joined Oct 2010 | Status: Trader | 1,536 Posts
Entered on the breakout. I just booted up, what can I say
I got about 7 pips out of it. Entry was Genesis + Stochs.
The reason I exited is simply Stochs.
If you look at the Stochs, green is M5 (Genesis Template Stoch), purple is M15 (MTF Stochastic v2.0), and yellow is H1 (also MTF Stochastic v2.0). These are only the Main lines, the Signal lines are not shown (no color or black). For newcomers, on the chart the blue line is the Daily Pivot and the gray line is the 1st Level of Support. I don't care about the Stoch Main and Signal lines crossing because it's an after the fact signal. I want right now. If you look at the 2nd chart, we have the M5 Stoch diving under the M15 Stoch. Plus we had a short bar plus the M5 Stoch has exited the 80 area. I'm gone.
I got about 7 pips out of it. Entry was Genesis + Stochs. The reason I exited is simply Stochs.
If you look at the Stochs, green is M5 (Genesis Template Stoch), purple is M15 (MTF Stochastic v2.0), and yellow is H1 (also MTF Stochastic v2.0). These are only the Main lines, the Signal lines are not shown (no color or black). For newcomers, on the chart the blue line is the Daily Pivot and the gray line is the 1st Level of Support. I don't care about the Stoch Main and Signal lines crossing because it's an after the fact signal. I want right now. If you look at the 2nd chart, we have the M5 Stoch diving under the M15 Stoch. Plus we had a short bar plus the M5 Stoch has exited the 80 area. I'm gone.
- #2,015
- Aug 12, 2012 11:57pm Aug 12, 2012 11:57pm
- Joined Oct 2010 | Status: Trader | 1,536 Posts
I didn't take these 2 signals on the EU and GU because of the Stochs.
- #2,017
- Edited 3:14am Aug 13, 2012 3:03am | Edited 3:14am
Here you go, guys. I've taken an existing MTF ASCTrend Indicator and modified the parameters. I've tested the signals and they match perfectly with RJ's arrow.
Save both of the indicators in your experts/indicators directory. You only need to load the #MTF_AsciiTrend indicator on your chart and select the signal's timeframe that you want to display on your chart.
Hope you guys find it useful.
thank you for this. hi sho. the mtf arrow paints on the m5 bar that spawned the m15 bar. so when the mtf arrow appears, it appears 3 bars back in m5.
any chance for the mtf arrow to appear on the 3rd m5 bar that is part of the m15 bar? so technically, it paints in real time from the perspective of m5? many thanks.
