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  • #28,061
  • Edited 5:09pm Dec 7, 2013 4:48pm | Edited 5:09pm
Quoting Xaphod
{quote} Just dropping by and decided to chime in on a topic that has been covered time and again. One should be ...
I could only agree. I personally would never use repainting indicators, because by viewing on the history (chart), this will allways look different to that what you saw at the time of the PA took really place.

The original TDI is programmed this way, that the first tick of the candle defines the value for the current (running) candle. At the first tick open=close. So the TDI values are fixed for the hole time the candle is in production and does not further correlate to what happens on the price until the next candle opens, and the game begins from the start. Nothing which happens to the price will be shown in the tdi values unless a new candle opens.

But the fatal thing is, that then this TDI values of the (old) candle get the new values based on the meanwhile changed close prices of the closed candle. That means that a cross which happened on the opening, even in this version of the indicator is no longer there, because now the last real close price is going into the calculation. You only see the result 4 hours later.

So after (i.e. on the H4) 4 hours the tdi on the old candle gets the real value and a cross can disappear.

Some would like that view, because they are only interested in the open value. I would like to see the real events thsthappenings.
looking on a chart afterwards with that behaviour of the tdi, you will even cannot see that a cross, which was there on the candle opening for 4 hours, disappears after the new candle opens or if you manually make an update on the chart.

Summarized that means, that the cross is only real if it persists the PA until the close of the candle.
fxFox (all times in my charts are GMT+1)
  • #28,062
  • Dec 8, 2013 1:51am Dec 8, 2013 1:51am
Quoting fxFox.mb
{quote} I could only agree. I personally would never use repainting indicators, because by viewing on the history (chart), this will allways look different to that what you saw at the time of the PA took really place. The original TDI is programmed this way, that the first tick of the candle defines the value for the current (running) candle. At the first tick open=close. So the TDI values are fixed for the hole time the candle is in production and does not further correlate to what happens on the price until the next candle opens, and the game...
Hey,

I use a version of the TDI which is called TDI Red Green, although in the indicator window in MT4 where the TDI is displayed it is called TDI Real Time.

I presume this is the repainting version of the TDI?

I have only ever used this TDI, and I use it by checking at the close of the candle whether a cross has occurred or not. For example, when there is a change in candle colour on the 1st candle with new colour I will wait until just 1/2 minutes before it closes and check the TDI. It seems to work fine that way.

What is the name of the version that does not update in real time? I have the Synergy_TDI_Basic, is that it? Would like to check it out to see the difference.

irishtoffy
  • #28,063
  • Dec 8, 2013 5:41am Dec 8, 2013 5:41am
Quoting irishtoffy
{quote} Hey, I use a version of the TDI which is called TDI Red Green, although in the indicator window in MT4 where the TDI is displayed it is called TDI Real Time. I presume this is the repainting version of the TDI? I have only ever used this TDI, and I use it by checking at the close of the candle whether a cross has occurred or not. For example, when there is a change in candle colour on the 1st candle with new colour I will wait until just 1/2 minutes before it closes and check the TDI. It seems to work fine that way. What is the name of the...

This is the one of the tdi's that repaint the past, it is also called tdi red green but it does not show as tdi_rt in the mt4 window. Anything that is called real time moves with the bar so does not repaint.
Attached File(s)
File Type: mq4 TDI Red Green.mq4   9 KB | 386 downloads
  • #28,064
  • Dec 8, 2013 6:59am Dec 8, 2013 6:59am
This is getting confusing - I have Charts/Indicator List/TDI Red Green whilst in program files it is C;Program files/Metatrader (Axi)/Experts/Indicators/TDI Red Green.
Do I have the correct indicator?
Does it need amending as per Post 28,068?
If so how do I go about this?
Thanks in advance - Cheers Oldie
  • #28,065
  • Dec 8, 2013 7:11am Dec 8, 2013 7:11am
Quoting lastingwell
{quote} This is the one of the tdi's that repaint the past, it is also called tdi red green but it does not show as tdi_rt in the mt4 window. Anything that is called real time moves with the bar so does not repaint. {file}
Do you mean the TDI Red Green is the correct version which does not repaint?

Or the Synergy TDI_Basic is the correct version which does not repaint?

By repainting do you mean only historical data? As I am only talking about the TDI repainting with the currently open candlestick, I don't think it updates any already closed bars on the TDI.
  • #28,066
  • Edited 9:26am Dec 8, 2013 9:13am | Edited 9:26am
Quoting irishtoffy
{quote} Do you mean the TDI Red Green is the correct version which does not repaint? Or the Synergy TDI_Basic is the correct version which does not repaint? By repainting do you mean only historical data? As I am only talking about the TDI repainting with the currently open candlestick, I don't think it updates any already closed bars on the TDI.
The "correct" version would be the one from compassfx, TDI red green is the same thing, except that it saves your settings and has the RSI PL and TSL only visible by default. It does not move with every tick. A repainting TDI means that you can manually refresh it when a candle that hasnt closed yet moves up, you'd see a cross of green&red, but if that candle then proceeds to close lower, and the TDI updates once more, the cross would be gone. Phx teaches us to enter a trade if the TDI is crossed at the open of the candle i.e not if TDI crosses while the candle is still being printed. Lastingwell uses a mtf TDI developped by Xaphod, which works better if it moves with every tick, it whos current PA on h4, mostly. Hope this helps.
  • #28,067
  • Dec 8, 2013 12:28pm Dec 8, 2013 12:28pm
Hello all,

I'm not so much been new to Forex trading but knew to Forex factory. I was wanting to get your all thoughts on this trade setup to see if i'm on the right track with this system. see attached screenshot, i sold at 1.5056 with a stop of 1.5162, .

Attached Image (click to enlarge)
Click to Enlarge Name: euraud.png Size: 51 KB
  • #28,068
  • Dec 8, 2013 9:11pm Dec 8, 2013 9:11pm
Quoting airbeat
I have been reading the posts here and working on learning this trading system. I prefer the 4H time frames and see that this thread has had a long life to it. That makes me think it has some credibility and profitability to it. Who would stay with a system that doesn't? I have begun demo trading and will stay with that for a while until I am comfortable that it is producing consistent profits. Questions will come soon I'm sure and for now I am following the simple trading steps of "green crossover" and support/resistance areas. Personally the simpler...
Hi Airbeat
I am also trying to learn , can you please explain to me why you use a different stochastic to the one that BIG E used ?
  • #28,069
  • Dec 8, 2013 9:50pm Dec 8, 2013 9:50pm
Quoting robuk
{quote} Hi Airbeat I am also trying to learn , can you please explain to me why you use a different stochastic to the one that BIG E used ?

I only use the stochastic chart for confirmation of sold/oversold condition and direction and do not rely on it other than considering it if it in conflict with TDI. Its just a secondary indicator with my primary TDI and Price Action being paramount for trade entry and exit. Thats the heart of TMS as I understand it. That may change of course as I get better acquainted with the system but from all indications its just not that relevant to the TMS program of trading.

I am looking forward to this week but also know its the Holiday season and the market can do strange things this time of year. Really looking forward to Jan and subsequent months. Jan through June are usually some of the better trading months.

Good time to get confident with Demo trading before jumping into the live market. Good pips! and Good Luck!

Harry
  • #28,070
  • Dec 9, 2013 2:30am Dec 9, 2013 2:30am
First trade of the week ..

GA

Set up : Pin Reversal pattern at the 200EMA and PWL

Entry : TDI cross

TP : 50pips

I was one candle late as i only start checking at 5:00 AM GMT
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.png Size: 90 KB
Steadfastness is held above all success
  • #28,071
  • Dec 9, 2013 3:19am Dec 9, 2013 3:19am
Quoting irishtoffy
{quote} Do you mean the TDI Red Green is the correct version which does not repaint? Or the Synergy TDI_Basic is the correct version which does not repaint? By repainting do you mean only historical data? As I am only talking about the TDI repainting with the currently open candlestick, I don't think it updates any already closed bars on the TDI.
irishtoffy,

there are so many versions and names of TDI indicators here, so it is difficult to say this one or that one is the realtime version. But you can easily distinguish them if you take a short look in your indicator code. --> This issue was adressed before we started to work with TMS and as Xaphod summarized it above, here you can find the difference: http://www.forexfactory.com/showthre...48#post4621048

Additionally I wouldn't call it a bug or so, because the code of this indicator seems to be written deliberately in this manner - so I think the TDI works as designed by DM or the coder. Even that TDI version was the underlying indicator of all trading BigE did. But his trading style was in such way, that he looked at the beginning of a candle anyway to enter trades. So this wouldn't have a real impact on his trading.

The question is, if you are comfortable with this working manner of the indicator. For me, I could personally say no. And I prefer the realtime version. Because I do not like to get different info from a chart I'm looking at depending at what time I do that - except for the current bar, if this is not closed yet.
Normally we guys know that the indicator values of the current developing bar (if based on close prices) are floating until the bar has really reached his close price.
fxFox (all times in my charts are GMT+1)
  • #28,072
  • Dec 9, 2013 4:38am Dec 9, 2013 4:38am
Quoting jeffx
{quote} Your TDI cross looks very different from mine - mine only shows 1 cross for long, and would have profited. {image}
Hi Jeffx,
I was reading this whole thread. on 27th April 2011, mlambole posted a chart showing his HA candle and TDI, green line cross red line twice. My plateform showing similar TDI, green line cross red line twice. See below attached.

However, on the same date, you posted your chart, which showing your TDI, green line cross red line once ONLY. See the second chart.

Have you figured out why there is a difference? What is the reason behind it?

Thanks in Advance.

Dseven504
Attached Images
  • #28,073
  • Dec 9, 2013 5:12am Dec 9, 2013 5:12am
Quoting goochie
First trade of the week .. GA Set up : Pin Reversal pattern at the 200EMA and PWL Entry : TDI cross TP : 50pips I was one candle late as i only start checking at 5:00 AM GMT {image}
Good trading goochie, what is this pin reversal pattern, is it the inverted hammer closing above the inside bar and changing color with cross of TDI and lower structure & EMA 200

would like to learn about these setup if so well you can help or anywhere that I can read about this setup.

Thanks a lot
I Have Learned to Take Some Losses to Make Profits
  • #28,074
  • Dec 9, 2013 6:07am Dec 9, 2013 6:07am
Quoting Dseven504
{quote} Hi Jeffx, I was reading this whole thread. on 27th April 2011, mlambole posted a chart showing his HA candle and TDI, green line cross red line twice. My plateform showing similar TDI, green line cross red line twice. See below attached. However, on the same date, you posted your chart, which showing your TDI, green line cross red line once ONLY. See the second chart. Have you figured out why there is a difference? What is the reason behind it? Thanks in Advance. Dseven504 {image} {image}
Dseven504, Jeffx,

it seams, that even your price bars differ, so the tdi couldn't be the same.
It could be other price bar/server time of your broker, other broker. You only can compare prices and indicator values 1:1 which came from the same datafeed otherwise there will allways be a difference.

I even have different views between the mt4 feed of my broker and the proprietary trading station feed, as you can see - that is my view on the trade opportunity of goochie in GBPAUD this night some posts above.

Additionally in the beginning of the this weekly session there are different amount of price bars because not every broker starts at the same time and so even the indicator values may differ.

Therefore it is important, that you are consistent in choosing to what charts you are looking at. Choose one broker, test him and stay looking on this charts for your trading decisions.

fxfox
Attached Image(s) (click to enlarge)
Click to Enlarge Name: FXCM GBPAUD MT4 .jpg Size: 166 KB
Click to Enlarge Name: FXCM GBPAUD Trading Station.png Size: 96 KB
fxFox (all times in my charts are GMT+1)
  • #28,075
  • Dec 9, 2013 6:11am Dec 9, 2013 6:11am
Quoting fxFox.mb
{quote} irishtoffy, there are so many versions and names of TDI indicators here, so it is difficult to say this one or that one is the realtime version. But you can easily distinguish them if you take a short look in your indicator code. --> This issue was adressed before we started to work with TMS and as Xaphod summarized it above, here you can find the difference: http://www.forexfactory.com/showthre...48#post4621048 Additionally I wouldn't call it a bug or so, because the code of this indicator seems to be written deliberately in...
As I understand it, Xaphod is saying the TDI doesn't just not move on the current bar he's saying it repaints its history by when you refresh the chart it looks like the TDI crossed earlier than it actually did and that is a problem when backtesting, its not a problem when trading live if you only look at the open of the bar for your signal the rest is down to personal preference.
  • #28,076
  • Dec 9, 2013 6:19am Dec 9, 2013 6:19am
Quoting TheScorpS
{quote} Good trading goochie, what is this pin reversal pattern, is it the inverted hammer closing above the inside bar and changing color with cross of TDI and lower structure & EMA 200 would like to learn about these setup if so well you can help or anywhere that I can read about this setup. Thanks a lot
What looks like an inverted hammer on Goochie's chart isn't actually an inverted hammer in the strictest sense of the term. Because he is using HA/synergy bars (not sure which) it looks like it because the real close price is hidden, BUT there was an inside bar after it and being on former support, a bullish break along with the cross of the tdi would have been (and was) a valid entry.
  • #28,077
  • Dec 9, 2013 8:04am Dec 9, 2013 8:04am
Quoting munirpt
{quote} Hi guys, I will be away for some time due to a minor accident that left my hands with plaster and some fractures. i can trade but its not easy to write. i felt this question was so important that i couldnt let it pass due to its importance: emmanuele, thanks for being around. this is how i see it: A - price made LL (trend down) - TDI crossed up, but below MBL (not strong signal) B - price made LH (trend down) - TDI crossed down, but above MBL (not a strong signal) C - price made HL (trend up) - TDI crossed up, above MBL (strong signal) what...
I see there is alot of talk on TDI and I think what ppl need to wrk on more is Price action!!

One of my favorite post above from Munirpt:

what defines TDI trend is the MBL.
what defines price trend is swing cycles(HH,HL,LL,LH).
whenever price trend and TDI trend are in harmony = $$$$$

Good luck
Give yourself a chance and trade it like it's layed out...
  • #28,078
  • Dec 9, 2013 8:27am Dec 9, 2013 8:27am
Quoting Bizzzle
{quote} I see there is alot of talk on TDI and I think what ppl need to wrk on more is Price action!! One of my favorite post above from Munirpt: what defines TDI trend is the MBL. what defines price trend is swing cycles(HH,HL,LL,LH). whenever price trend and TDI trend are in harmony = $$$$$ Good luck

That reminds me, he hasn't posted on the thread for a while, where are you munirpt you're missed here.
  • #28,079
  • Dec 9, 2013 8:33am Dec 9, 2013 8:33am
Quoting TheScorpS
{quote} Good trading goochie, what is this pin reversal pattern, is it the inverted hammer closing above the inside bar and changing color with cross of TDI and lower structure & EMA 200 would like to learn about these setup if so well you can help or anywhere that I can read about this setup. Thanks a lot
Thanks mate,

... and apologies i may have got the name wrong, its the reversal pattern that Phx62 talks "pullback reversal candle pattern" PRCP , but my bad on closer inspection my example is not a completely valid example ... ie candle before inverted hammer is not higher and the candle that the cross happened on is not higher than the inverted hammers high..

Either way if you back test PA on and around the 200EMA these set ups occur with some regularity ...

Peace ...
Steadfastness is held above all success
  • #28,080
  • Dec 9, 2013 9:00am Dec 9, 2013 9:00am
Quoting lastingwell
{quote} As I understand it, Xaphod is saying the TDI doesn't just not move on the current bar he's saying it repaints its history by when you refresh the chart it looks like the TDI crossed earlier than it actually did and that is a problem when backtesting, its not a problem when trading live if you only look at the open of the bar for your signal the rest is down to personal preference.
lastingwell,

up to now I didn't saw this case for myself on the charts, only a change of the previous bar's indicator values on open of a new bar. But as I understand the calculation part of the indicator that could be true particularly if there's a larger price move involved, so that gets more ovbious.

Nevertheless the construction of the indicator looks like that this behaviour was intended, what I do not really understand, because I'll see the realtime action.

fxfox
fxFox (all times in my charts are GMT+1)
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