Woow, this is a really impressive system!! Much thanks for sharing it with the public!!!!
- #15,384
- Sep 6, 2012 12:44am Sep 6, 2012 12:44am
Hello guys.
First of all sorry for my english
I've looked how TVi calculated and was a little bit frustrated.
Blau said that his TVi=100* (UpTicks - DnTicks) / (UpTicks + DnTicks)
So the main part is to calculate amount of up ticks and down ticks.
In the tvi.mq4 its author calculates it as: UpTicks=(Volume - (Close - Open) / TickSize) / 2. What the hell? Can some one explain me its meaning? In my opinion it does not have any meaning.
I've coded in Amibroker another formula to calculate up and down ticks and backtesting gave me better result:
barrange=High-Low;
totrange=2*barrange+min(Open,Close)-max(Open,Close);
v1=Volume/totrange;
if (Close>Open){
UpTicks=barrange*v1;
DnTicks=(barrange-Close+Open)*v1;}
else{
DnTicks=barrange*v1;
UpTicks=(barrange+Close-Open)*v1;}
The idia is simple: if we have up bar, so price from open goes down to low (down ticks) then from low goes up to high (up ticks) and then goes down to close (again down ticks) and vice versa for down bar. Instead of volume as I did we can use ticksize.
So can someone code this formula in mq4 and test it with a system?
Best regards
Roman
First of all sorry for my english
I've looked how TVi calculated and was a little bit frustrated.
Blau said that his TVi=100* (UpTicks - DnTicks) / (UpTicks + DnTicks)
So the main part is to calculate amount of up ticks and down ticks.
In the tvi.mq4 its author calculates it as: UpTicks=(Volume - (Close - Open) / TickSize) / 2. What the hell? Can some one explain me its meaning? In my opinion it does not have any meaning.
I've coded in Amibroker another formula to calculate up and down ticks and backtesting gave me better result:
barrange=High-Low;
totrange=2*barrange+min(Open,Close)-max(Open,Close);
v1=Volume/totrange;
if (Close>Open){
UpTicks=barrange*v1;
DnTicks=(barrange-Close+Open)*v1;}
else{
DnTicks=barrange*v1;
UpTicks=(barrange+Close-Open)*v1;}
The idia is simple: if we have up bar, so price from open goes down to low (down ticks) then from low goes up to high (up ticks) and then goes down to close (again down ticks) and vice versa for down bar. Instead of volume as I did we can use ticksize.
So can someone code this formula in mq4 and test it with a system?
Best regards
Roman
- #15,386
- Edited 1:48pm Sep 6, 2012 1:33pm | Edited 1:48pm
- | Commercial User | Joined Jul 2012 | 2,049 Posts
- #15,396
- Sep 13, 2012 6:17pm Sep 13, 2012 6:17pm
- Joined Oct 2007 | Status: Trader | 2,972 Posts
This week has been a frustrating and exciting week. From last week ECB President Draghi promised to print the Euro until it was as common as toilette paper. Then to make matters worse the German High Court said it would ok and certify the ESM program that will put more debt on each German.
Then comes the bomb shell that completely changes the dynamics of the markt. Today, the USA Central Bank will implement a program to buy ''unlimited'' mortgage back securities in the amount of 40 billion USD per month until the job markt drops ''significantly'' from current levels with ''no concern'' for inflationary pressures. In otherwords, the Bernanke just told the world that the USA FED will out do Draghi and print many more dollars until the end of time.
These moves by the two central banks should put fear into everyone that have a savings account because with these two actions the world in now on a path to ultra HYPERINFLATION. For the USDollar I think we are seeing it final days because this move will greatly devalue the dollar against the Euro significantly because unlike the ECB the USA FED has no care about inflation and sees inflation as a good thing where the ECB has atleast a mandate to control inflation and keep the Euro as some storeof value.
Because of this I think that unless there is some complete disaster in Europe we are seeing today the last strength of the USA dollar for a long time. In the short term the PIIGS nations are still a concern for the the EURO and unless Germany leaves the Euro currency or there is a breakup I think that the Euro will beat the US Dollar everytime.
I am now looking higher for the EURUSD with the first stage being the long agoe April Gap down open....yes the Gap is still there at 1.30800 and that will be the first level for the EURUSD to reach. Then will come 1.36 and 1.38 and may go as high at 1.48700 unless there is some dramatic markt chaging move because for now the US Dollar will be falling as the Americans no longer care about the value of their currency as shown by the USA Central Banks act today.
As I have said many times on this thread Central Banks can and do make markt changing developments that can completly change the dymanics of the markt and for now it appears the USA Central Bank is willing to print themself into bankruptcy. So, traders have a great opportunity to take advantage of this stupid move by a nations central bank and make lots of pips off this move.
http://www.cnbc.com/id/49018964
Best of Luck in trading.
Evaluator.:nerd:
Then comes the bomb shell that completely changes the dynamics of the markt. Today, the USA Central Bank will implement a program to buy ''unlimited'' mortgage back securities in the amount of 40 billion USD per month until the job markt drops ''significantly'' from current levels with ''no concern'' for inflationary pressures. In otherwords, the Bernanke just told the world that the USA FED will out do Draghi and print many more dollars until the end of time.
These moves by the two central banks should put fear into everyone that have a savings account because with these two actions the world in now on a path to ultra HYPERINFLATION. For the USDollar I think we are seeing it final days because this move will greatly devalue the dollar against the Euro significantly because unlike the ECB the USA FED has no care about inflation and sees inflation as a good thing where the ECB has atleast a mandate to control inflation and keep the Euro as some storeof value.
Because of this I think that unless there is some complete disaster in Europe we are seeing today the last strength of the USA dollar for a long time. In the short term the PIIGS nations are still a concern for the the EURO and unless Germany leaves the Euro currency or there is a breakup I think that the Euro will beat the US Dollar everytime.
I am now looking higher for the EURUSD with the first stage being the long agoe April Gap down open....yes the Gap is still there at 1.30800 and that will be the first level for the EURUSD to reach. Then will come 1.36 and 1.38 and may go as high at 1.48700 unless there is some dramatic markt chaging move because for now the US Dollar will be falling as the Americans no longer care about the value of their currency as shown by the USA Central Banks act today.
As I have said many times on this thread Central Banks can and do make markt changing developments that can completly change the dymanics of the markt and for now it appears the USA Central Bank is willing to print themself into bankruptcy. So, traders have a great opportunity to take advantage of this stupid move by a nations central bank and make lots of pips off this move.
http://www.cnbc.com/id/49018964
Best of Luck in trading.
Evaluator.:nerd:
