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Attachments: Extreme TMA System
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Extreme TMA System

Quoting cuongcali
hi everyone i used TM normalized 1.5 and TMA color center line but it's repaint i want to ask how to use this indicator and how the way for this indicator no repaint tks @

you are looking for a crystal ball, I have searched a lot also, every one has tried ! but not found yet !

TMA MUST REPAINT
Quoting prudente02
I installed these two indicators in a template and complementary to find harmonic patterns. I have to say they have an ability to hit big, and that combined with your system, predict exact points of entry and exit. A hug Al.

I hope they are useful to all
Hi Prudente,

Thanks for sharing the 2 indis with us. I am just wondering what zupSearch_patterns_v6.ex4 does (?). When I was installing it, it slowed down my MT4 program significantly, i.e. the windows cursor moved in circle (busy signal) for quite a long time. Does KorHarmonics need zupSearch, or can it work on its own?

Please advise...

(Note: my PC has i7-Intel CPU with 8GB RAM)
To excel by continuous learning
  • Post #12,523
  • Quote
  • Edited Aug 17, 2012 12:13am Aug 16, 2012 11:54pm | Edited Aug 17, 2012 12:13am
Quoting shahrooz67
Hi everyone

just came back from a long long trip ! M.S. Project and almost done.

have lots of pages to read !

so happy to see u around and also so sad for the earthquake happened this week in Iran
Welcome back, Shahrooz. Good to see a thread old timer return!

Yes, the earthquake in Iran was was very sad.

Everyday souls float up, and souls float down. It's the nature of this life.

Who knows, perhaps those who float up may be better off.
I like to think so!
The mind thinks, the heart knows...
Quoting shahrooz67
you are looking for a crystal ball, I have searched a lot also, every one has tried ! but not found yet !

TMA MUST REPAINT
You are right there, Shahrooz! Every beginner wants a non-repainting indicator that tells the future! Why not a magic carpet, while you're at it? LOL

The best advice for a new trader is to understand exactly what an indicator can and can't do, and how to use it effectively!

If you are looking for the holy grail indi that is going to make you rich w/o any work on your part, your chances are so low at succeeding that you might as well play the lottery! It has a higher payout and it's much cheaper!
The mind thinks, the heart knows...
Quoting PeepCzar
Hi Prudente,

Thanks for sharing the 2 indis with us. I am just wondering what zupSearch_patterns_v6.ex4 does (?). When I was installing it, it slowed down my MT4 program significantly, i.e. the windows cursor moved in circle (busy signal) for quite a long time. Does KorHarmonics need zupSearch, or can it work on its own?

Please advise...

(Note: my PC has i7-Intel CPU with 8GB RAM)
Hi PeepCzar, I have Pentium Dual Core 3,20 gh with 4 GB Ram far less powerful than yours and I have no problem that happens to you. I have installed zupsearch_patterns in 2 templates at the same time and does not slow the system in my mt4. I don't know what could be the problem. Anyway Korharmonics not need zupsearch to work. They are totally independent.
http://www.stevehopwoodforex.com/php...t=629&start=70
and here
http://www.forex-tsd.com/metatrader-...erage-tma.html

The description on the page above by Baluda on Mon Jun 25, 2012 11:13 am (no post #'s for some reason) of how the TMA and the TMA Slope are calculated and why they 'repaint' is the best I've seen.

Also, the discussion that follows it gives you a pretty good idea of it's strengths and weaknesses compared to the 'true' TMA.

The above TMA is just the center line of the TMAline bands used on this thread. To get the bands, offset the TMA above and below it by an amount equal to the ATR.
The mind thinks, the heart knows...
Daily Stats.
Attached Image (click to enlarge)
Click to Enlarge Name: daily scanner, slope strenght and values.jpg Size: 131 KB
Master Your Setup, Master Your self. (NQoos)
Quoting tp0440
To soon my friend, to soon. TMA is renowned for to early signals. Here you have a nice example why so.

Due to the fact tomorrow is Friday, this signal might work, but generally, such setup will evolve into correct signal in a day or two, even more.


BR
It is interesting to watch how the TMA repaint progresses with time. M15 slope was in range when I first spotted it. But without any change in price levels, an hour later the slope went out of range, and several hours later it was way out of range. Now the H1 is out of range, still without any appreciable change in price levels. This appears to be one of the subtle (or not so subtle) things to know about how the TMA behaves, so that you get the best entry possible.
Sure I have a trading plan. Buy low. Sell high. What's yours?
Quoting Fishcoo
Hi Al

I entered in USDCAD 1.002 accordance to the rules . Now 0.9886 , how can i do ?Can you give me some suggestion , exit or recovery ? Thank you for your help.
I am in recovery in UsdCad. I see a short term target of at least 1.02, to the opposite band of D1 TMA.
Observation is the path to discovery.
Quoting shahrooz67
Hi everyone

just came back from a long long trip ! M.S. Project and almost done.

have lots of pages to read !

so happy to see u around and also so sad for the earthquake happened this week in Iran
Hello Shah. Nice to have you back.
Observation is the path to discovery.
Quoting PeepCzar
Hi Prudente,

Thanks for sharing the 2 indis with us. I am just wondering what zupSearch_patterns_v6.ex4 does (?). When I was installing it, it slowed down my MT4 program significantly, i.e. the windows cursor moved in circle (busy signal) for quite a long time. Does KorHarmonics need zupSearch, or can it work on its own?

Please advise...

(Note: my PC has i7-Intel CPU with 8GB RAM)
I tried KorHarmonics the last 2 days. I cannot see that it adds much to what we already have. It is also processor intensive. I removed it from my charts today.
Observation is the path to discovery.
Quoting Ever E. Man
You are right there, Shahrooz! Every beginner wants a non-repainting indicator that tells the future! Why not a magic carpet, while you're at it? LOL
I have an even better idea: how about an EA that puts a great big button on the screen, and all you have to do is click the button and the DVD drive slides open and money comes out, like an ATM?

Mr. C, can you please program one of these for us, pleeeeze?

Oh - and I also want a helper application that pushes the button for me, as it is so much work clicking that button all the time...



Edit: cuongcali, this was not meant to make fun of you. It is just that we have all been beginners once and have all made pretty much the same mistakes. So now we blow off some steam from time to time over our own naivity.
Sure I have a trading plan. Buy low. Sell high. What's yours?
Quoting Ever E. Man
You are right there, Shahrooz! Every beginner wants a non-repainting indicator that tells the future! Why not a magic carpet, while you're at it? LOL

The best advice for a new trader is to understand exactly what an indicator can and can't do, and how to use it effectively!

If you are looking for the holy grail indi that is going to make you rich w/o any work on your part, your chances are so low at succeeding that you might as well play the lottery! It has a higher payout and it's much cheaper!
If it was easy, it would not be as much fun. I like the fact that trading is difficult. Once you become profficient in it, the feeling of accomplishment is much more satisfying than the money you can make.
Observation is the path to discovery.
Quoting Trainman
It is interesting to watch how the TMA repaint progresses with time. M15 slope was in range when I first spotted it. But without any change in price levels, an hour later the slope went out of range, and several hours later it was way out of range. Now the H1 is out of range, still without any appreciable change in price levels. This appears to be one of the subtle (or not so subtle) things to know about how the TMA behaves, so that you get the best entry possible.
That is why I like to begin my analysis with the W1 and D1 TMAs. They are much more stable than the shorter term TMAs and much better for determining direction.
Observation is the path to discovery.
Quoting Alorente
I tried KorHarmonics the last 2 days. I cannot see that it adds much to what we already have. It is also processor intensive. I removed it from my charts today.
Me too, all three of the ones posted. They rarely find the same patterns. But every one of them repaints like an art forger. They give a sell signal, and then when several bars later the price moves even higher they move the end point of the pattern to the new bar. One of them even retracts the patterns it finds. In hindsight it looks great, but you need an additional indicator to tell you when to accept the signal and when to wait for the next one. These harmonic indicators appear to be based on the Zigzag indicator, so if you've tried that one you will know what to expect of these.
Sure I have a trading plan. Buy low. Sell high. What's yours?
Quoting Alorente
That is why I like to begin my analysis with the W1 and D1 TMAs. They are much more stable than the shorter term TMAs and much better for determining direction.
We all know that the higher the TF the less the repaint thus the more stable these indicators are. And that's why its crucial to look at the longer TF first.
Master Your Setup, Master Your self. (NQoos)
Quoting Alorente
I am in recovery in UsdCad. I see a short term target of at least 1.02, to the opposite band of D1 TMA.
Two main things influence USDCAD: the price of oil and the USD Index.

Oil is the biggest export from Canada to the USA, so it swings the exchange rate all by itself. When oil prices go sky high, other exporting industries in Canada such as lumber start struggling because the unfavorable exchange rate puts their exports under pressure. Oil has been on a tear since late June, and has made a fresh high in the last 24 hours.

The up-and-down seesaw of the USDCAD is mostly explained by fluctuations of the USD Index - and there hasn't been any lately. All it will take is one piece of shocking news though. One unexpectedly good payroll figure or one surprise piece of bad news from Europe will send the USD upward. September and October are traditionally the months of crises, crashes and panics. This looks like the calm before the storm. I recall reading that Greece is expected to run out of money before the end of August, and without implementing the reforms demanded of them they aren't going to get the next tranche. That ought to be good for some news headlines pretty soon.
Sure I have a trading plan. Buy low. Sell high. What's yours?
Quoting Trainman
Two main things influence USDCAD: the price of oil and the USD Index.

Oil is the biggest export from Canada to the USA, so it swings the exchange rate all by itself. When oil prices go sky high, other exporting industries in Canada such as lumber start struggling because the unfavorable exchange rate puts their exports under pressure. Oil has been on a tear since late June, and has made a fresh high in the last 24 hours.

The up-and-down seesaw of the USDCAD is mostly explained by fluctuations of the USD Index - and there hasn't been any lately....
I agree with everything you said. Any piece of bad news could reverse UsdCad very quickly.
Observation is the path to discovery.
Quoting Trainman
Two main things influence USDCAD: the price of oil and the USD Index.

Oil is the biggest export from Canada to the USA, so it swings the exchange rate all by itself. When oil prices go sky high, other exporting industries in Canada such as lumber start struggling because the unfavorable exchange rate puts their exports under pressure. Oil has been on a tear since late June, and has made a fresh high in the last 24 hours.

The up-and-down seesaw of the USDCAD is mostly explained by fluctuations of the USD Index - and there hasn't been any...
Whether you’re an experienced trader or brand new to Forex, you should be aware of the strong negative correlation between U.S. Oil (WTI) & USD/CAD. This historical intermarket relationship is predominantly due to the fact that the Loonie (CAD) is considered one of the ‘commodity currencies’ and consequently will trade roughly in-line with other commodity markets – Since Canada is a major exporter of Crude Oil, oil tends to be a good proxy for this.
Oil has reached a major resistance technically speaking so i think a reversal is in place specially now that the vacation season in the US is almost over so demand is down so goes the price.
Master Your Setup, Master Your self. (NQoos)
Quoting bassramy
Whether you’re an experienced trader or brand new to Forex, you should be aware of the strong negative correlation between U.S. Oil (WTI) & USD/CAD. This historical intermarket relationship is predominantly due to the fact that the Loonie (CAD) is considered one of the ‘commodity currencies’ and consequently will trade roughly in-line with other commodity markets – Since Canada is a major exporter of Crude Oil, oil tends to be a good proxy for this.
Other commodity currencies Aud and Nzd have begun to give way. Cad should follow soon. Maybe with today´s CPI figures.
Observation is the path to discovery.
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