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Extreme TMA System

  • #12,701
  • Aug 28, 2012 2:30am Aug 28, 2012 2:30am
Quoting Alorente
After careful deliberation I have decided to join my friend Nanningbob and change the period setting of the Slope Indicator from 56 to 20. Bobīs painstaking research has determined that the setting of 20 is better for two reasons:

1- Much less repainting. Only 20 candles will suffer repainting instead of 56.

2- The new -0.8 to 0.8 Super Range. With a setting of 20, our normal ranging zone of -0.40 to 0.40 will remain the same, BUT a new Super Range is created between 0.80 and -0.80. The new Super range rule is simple:

[b]When Slope is above 0.80,...
Try this Al ,place a fast tma with settings of 2.0 atr multiplier and 20 tma period also place another fast tma with 3.0 atr multiplier and 56 tma period.change colours of bands on 1hr chart.
with these settings it shows where price is with in the larger tma and gives you a warning if it is not going to make it to the opposite band as well as the smaller tma tends to confirm trend so you don't enter at a bad spot.
the smaller bands also move outside larger bands to get you ready to enter trade. i hope this little bit helps as you have given all of us a great method. been typing and others have stumbled on the same thing just check Fishcoo's 1hr chart above
  • #12,702
  • Aug 28, 2012 2:30am Aug 28, 2012 2:30am
Quoting Alorente
I will fix the templates today and post the new zip file.
So many questions for any change in the settings.
To make it easy, why don't you, Al, upload an updated picture of your chart, showing all indi's and their settings?
  • #12,703
  • Aug 28, 2012 2:31am Aug 28, 2012 2:31am
Quoting Alorente
After careful deliberation I have decided to join my friend Nanningbob and change the period setting of the Slope Indicator from 56 to 20. Bobīs painstaking research has determined that the setting of 20 is better for two reasons:

1- Much less repainting. Only 20 candles will suffer repainting instead of 56.

2- The new -0.8 to 0.8 Super Range. With a setting of 20, our normal ranging zone of -0.40 to 0.40 will remain the same, BUT a new Super Range is created between 0.80 and -0.80. The new Super range rule is simple:

[b]When Slope is above...
Thanks you for the changes in the system.
I was already experimenting a few changes on my own with Bob's settings and Baluda's slope currencies values and strengths which i posted regularly here these last 2 weeks, along with the Weekly COT report to guide us .
Master Your Setup, Master Your self. (NQoos)
  • #12,704
  • Aug 28, 2012 2:42am Aug 28, 2012 2:42am
Quoting Alorente
Bassramy, your dedication and positive contributions have landed your name in the Extreme TMA Hall of Fame. Congratulations.
Thank you Sir, I'm both humbled and flattered by your words; humbled, because I'm not sure I deserve such praise; flattered, for reasons that I think are obvious.
I believe that knowledge become power only when we put it into use by sharing it.

Again, thank you very much.
Master Your Setup, Master Your self. (NQoos)
  • #12,705
  • Aug 28, 2012 2:45am Aug 28, 2012 2:45am
[quote=Spidey;5962054]
Quoting Alorente
After careful deliberation I have decided to join my friend Nanningbob and change the period setting of the Slope Indicator from 56 to 20.

Hello Al,
I'm sure I echo the sentiments of many as I thank you and Bass once again for your leadership in this thread.

My question is, if we are to change the Slope Indicator period from 56 to 20, should we also change the FastTMA period occurances to 20 as well?
Thank you
Thank you for your praise Sir.
Master Your Setup, Master Your self. (NQoos)
  • #12,706
  • Aug 28, 2012 2:48am Aug 28, 2012 2:48am
Quoting Ever E. Man
Congratulations, from all of us that have benefitted from your great information, B.R.! You deserve it!
E. Man, thank you for your praise .
Master Your Setup, Master Your self. (NQoos)
  • #12,707
  • Aug 28, 2012 3:16am Aug 28, 2012 3:16am
For everybody long, EG and UCHF please pay attention to these resistance levels and manage your trades accordingly.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EG.gif Size: 22 KB
Click to Enlarge Name: uchf.gif Size: 24 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,708
  • Aug 28, 2012 3:45am Aug 28, 2012 3:45am
The new zip file is ready in post 1, page 1. I adjusted all the rules to the longer time frames that I am using (H4, D1 and W1) and added the Super Zone rule. If you are a shorter term trader, feel free to change the time frames of the 3 TMAs to those of your preference. The rules will apply in a similar fashion to the three new time frames.

Have fun !!
Observation is the path to discovery.
  • #12,709
  • Aug 28, 2012 3:46am Aug 28, 2012 3:46am
Quoting Fishcoo
Hi Al

when I change the TMAPeriod to 20 , I see the difference between 56 and 20 is so large,so should the rules on post1 be changed?

Regards.
Fishcoo
I just changed everything and posted the new zip file.
Observation is the path to discovery.
  • #12,710
  • Edited 4:14am Aug 28, 2012 3:53am | Edited 4:14am
Quoting bassramy
Thank you Sir, I'm both humbled and flattered by your words; humbled, because I'm not sure I deserve such praise; flattered, for reasons that I think are obvious.
I believe that knowledge become power only when we put it into use by sharing it.

Again, thank you very much.
Bassramy, you really deserve all the praises and honour. You were like the able deputy when AL wasn't around and that kept this thread alive. You were able to answer a whole lot of our questions with a lot of patience. Congratulations!!!
************************* Knowledge is an endless research
  • #12,711
  • Aug 28, 2012 3:58am Aug 28, 2012 3:58am
Quoting evolution9
Try this Al ,place a fast tma with settings of 2.0 atr multiplier and 20 tma period also place another fast tma with 3.0 atr multiplier and 56 tma period.change colours of bands on 1hr chart.
with these settings it shows where price is with in the larger tma and gives you a warning if it is not going to make it to the opposite band as well as the smaller tma tends to confirm trend so you don't enter at a bad spot.
the smaller bands also move outside larger bands to get you ready to enter trade. i hope this little bit helps as you have given all...
Interesting concept which could be very helpful. Iīll experiment with it. Thanks.
Observation is the path to discovery.
  • #12,712
  • Aug 28, 2012 3:59am Aug 28, 2012 3:59am
Quoting smilee89
So many questions for any change in the settings.
To make it easy, why don't you, Al, upload an updated picture of your chart, showing all indi's and their settings?
The picture is on Post 1.
Observation is the path to discovery.
  • #12,713
  • Aug 28, 2012 4:07am Aug 28, 2012 4:07am
+1 Bassramy

Quoting Tess1
Bassramy, you really deserve all the praises and honour. You were like the able deputy when AL wasn't around and that kept this thread alive. You were able to a whole lot of our questions with a lot of patience. Congratulations!!!
Tracking the Specialists.
  • #12,714
  • Aug 28, 2012 4:18am Aug 28, 2012 4:18am
Quoting evolution9
Try this Al ,place a fast tma with settings of 2.0 atr multiplier and 20 tma period also place another fast tma with 3.0 atr multiplier and 56 tma period.change colours of bands on 1hr chart.
with these settings it shows where price is with in the larger tma and gives you a warning if it is not going to make it to the opposite band as well as the smaller tma tends to confirm trend so you don't enter at a bad spot.
the smaller bands also move outside larger bands to get you ready to enter trade. i hope this little bit helps as you have given all...
Evo, I like your concept a lot. Attached is a chart with the D1(20, 2.0) TMA inside the D1 (56, 3.0) TMA. It makes anticipating the trend changes easier. You can clearly see that AudUsd needs to drop considerably at the current moment to drag the D1 20 down to the bottom band of the D1 56.

I will continue to examine this concept in various time frames. Thanks again.
Attached Image (click to enlarge)
Click to Enlarge Name: double d1 tmas.jpg Size: 159 KB
Observation is the path to discovery.
  • #12,715
  • Aug 28, 2012 4:35am Aug 28, 2012 4:35am
Quoting Alorente
The picture is on Post 1.
Hi Al

Can you share your new template ? You may forgot it on the post 1 . Thanks.

Regards.
  • #12,716
  • Aug 28, 2012 4:40am Aug 28, 2012 4:40am
The sequence of the 3 Slope lines in the TMA Slope MTF indicator is important.

Strong Up Move: Green (W1) at bottom, Blue (D1) in middle and Magenta (H4) on top.
Strong Down Move: Green (W1) on top, Blue (D1) in middle and Magenta (H4) at bottom.

Ranging (Indecisiveness): All other sequences.

The H4 will lead out of a Range and into an up move or down move or into a range or reversal from a strong up or down move.

An expanding distance between the lines indicates the move is getting stronger. A contracting distance, the move is weakening.
Observation is the path to discovery.
  • #12,717
  • Aug 28, 2012 4:45am Aug 28, 2012 4:45am
Quoting Alorente
The picture is on Post 1.
Can you change and share new template for scalping (some time ago you posted a lorente magic scalping)? Thanks.
  • #12,718
  • Aug 28, 2012 4:46am Aug 28, 2012 4:46am
I included it in the zip file. I will re do it to make sure. Here it is.
Attached File(s)
File Type: tpl lorente large chart.tpl   38 KB | 703 downloads
Observation is the path to discovery.
  • #12,719
  • Aug 28, 2012 4:48am Aug 28, 2012 4:48am
Quoting gtudor
Can you change and share new template for scalping (some time ago you posted a lorente magic scalping)? Thanks.
You can use the same template. Just change the TMA time frames to M5, M15 and H1 and apply the same rules. Obviously, the TMA sizes will be smaller than the sizes mentioned in the rules.
Observation is the path to discovery.
  • #12,720
  • Aug 28, 2012 4:51am Aug 28, 2012 4:51am
Quoting Alorente
I included it in the zip file. I will re do it to make sure. Here it is.
It is the old template. Or I made a mistake?
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