Extreme TMA System

Hi all;

i have a question about TMA slobe graph. here 3 screenshots for 3 different TFs. 4h 1d and 1w. and i see that 4h slope is changing for 1D and 1W. also 1D changing with 1W. why?

4H TF , 4h slope is 0.83


1D TF, 4h is 0.74


and for 1W, 4h is 0.23


could you explain how can i decide my position? regards

hi turel

i just ran it on one tf

you decide

if you wanna play h1 then h1 tma on h1 chart and ad slope line and then short or long as slope line cross zero line

i have found however in backtest the i had a cross of the slope line then went short to find after wards the slope lone moved and turned above the zero line so it gave a wrong short !!

it seem as though tma is changing the last vlaues as the chart changes .. i.e. it is repainitng last fiew lines ..

please make 100% sure in demo forwar dtesting if you are prepared to trust the crosses of zero

so you long whne slope cross above zero and short when slope cross below zero

i uploaded a picture here to explain

http://screencast.com/t/49muMAxyUTe

please test forward and let me know

Greetings
PipThief - ecforex

Nice to find this thread, I am looking for TMA indicator EA or trading system EA.
Has anyone here ever tried to make this Extreme TMA System into autotrader EA?
If not, where can I find the latest revised TMA indicator EA on this thread?

I may be able to put this trading system into autotrader EA, if I have the latest finished indicator.

Thanks ahead for your kindness.

thanks ecforex,

where can i find this indicator (cjc-tmaline slope)

regards.

Hello All

Could someone please tell me which indicators and template(s) to use on a 4hr chart? I see there are so many choices given the size of this thread. Thanks for the help.

1. ecforex Please, can you provide an indicator cjc - tmaline - slope?
   I would be very grateful.

Ecforex I'm interesting in cjc_tmaline_slope too...
Can you upload for us?
thanks in advance.

hi truel,your message is correct,tma slope signal is very late display,when price high trade,on this time give buy signal but price down after few days i have check but worst

Hi, I am new to this forum, just started with testing. Seems that I will like this strategy. Only not sure, if there is some identification in SlopeValues indicator that "price climb above the top band of the H4 and D1 TMAs" as is written in documentation. Now I need to go through all pairs so it takes some time. Or do you have any other method to find pair which is going to reverse? Or is this information in !ExtremeTMA_v37 indicator?

Thanks all for this forum and good trading

Hi Scarlett, would you mind sharing the indicators from you attachment? Thanks, Sandy

I was wondering if anyone had designed an indicator that shows how far price has extended outside the TMA? I think this would be extremely valuable especially when you combined it with the slope of the bands?

It could alert you to deep pullbacks against a strong trend which are very high probability setups. It would also tell you just how over stretched price has got which is very useful.

If its not been built I wonder if anyone would be interested in designing one as I think it would be worthwhile, ideally if it worked like the slopevalues so all pairs could be displayed showing how far price has extended outside the TMA.

ecforex

Can you tell me if you can share cjc-tmaline-slope indicator or where i can find it.
Was at start of this thread in the beginning stages but haven't been back for a while, need some catching up I see.

hi there

it is badly repainting

only realized it after a while

please ignore!!!!

I could not build winning robot on it !!! due to repainting

tma-line is badly repainting - so slope is even worse!!!

rather use simplest system with lowest risk and biggest rewards

1. Only trade London and New York open for 3 to 3 hours
2. Only trade nice sloping ema20 on close
4. Only sell when stochastic 5,3,3 is >80 and buy when <20

sl = last swing high or swing low

tp = sl or 2x sl or exit whne swings are broken !!

enjoy - it will give 80% wins !!!!

greeting
hannes

Just to pass down the message from Hannes
"TMALINE repaints badly - please ignore!!

So Slope of TMA also repainting"

Hi All,
I've received a PM inquiry about the settings for my non-repainting TMA bands. This will be an update of post #13,712, http://www.forexfactory.com/showthre...54#post6232154

Once again, a TMA is just a linear weighted MA of another linear weighted MA, so it's very easy to create a NON-REPAINTING TMA in MT4.

For example, start with a lwma set to "Open", period 2, followed by a series of other lwma's set to "Previous indicator's data".

Shorter and longer period bands can be created, and by using MA's with various periods you can model the price highs & lows well.

In my current version I have eliminated the wicks, or pins, on bars because of the unnecessary complication created by opens & closes.

In forex highs & lows are the most important, since one bar's close is the next bar's open (except for gaps caused by weekends. Since I don't leave trades on over the weekend, that's not a problem for me.)

I've updated the GRaB bars so that they use the open & all of the MA's are set to the open. This isn't a particular advantage except it keep the tails from bobbing up & down until a bar closes. At the open of every bar all indicators except the bar itself (it hasn't formed yet ;^) are non-repainting.

Note: If the bars "explode" which they do sometimes at start up, refresh or if you scroll back to the beginning of a chart (far left-hand start of the chart). This will correct itself if you switch time frames and switch back.


Pros: It's possible to model the price action very accurately. When the bands are adjusted properly, price will return to a particular level over & over.

Cons: The MA's must be constructed on the chart for each TF and each asset to reflect the variation in price action particular to that asset and TF. It's very time consuming, but once set up for a particular asset & TF, it usually doesn't have to be readjusted.

A good programmer could probably take the GRaB candle code and see how the 34 ema that it uses adjusts for each asset & TF and fix it for the bands. But i can't do it!

I'll post my current indicators and an example with a template and chart in a following post. (It's on a different computer ;^)

Here are the current versions of the indicators for the experts>indicators folder:







And a M5 chart & template for <your broker>>template folder as an example:



As mentioned above it's a time consuming process to set up each TF of each asset using this process, but once done it doesn't change much.

This is not a complete trading system. I use the semafor (white only), time of day, day of week, the 34 ema (part of GRaB bars), and various patterns that I've come to recognize over several years. I doubt that they can be taught, but with lots of screen time starring at charts I believe they can be learned.

Keep it simple, don't use data that goes back long periods, adjust to the current price action of the last two weeks, watch the news, & learn from your mistakes. Simple really, but not easy!

Good luck to all!

P.S.: the semafor indicator does repaint if a higher high or lower low occurs. It doesn't repaint in the past, only in the present. In other words, unless a higher high or lower low occurs, it does not repaint. It's useful for backtesting, as well as potential entry points with an appropriate filter such as other patterns that signal the end of a trend, a very long bar, for example.

Since it does not repaint in the same way as the original TMA used in this thread, it would be more accurate to say the semafor updates with new data.

Hi all,

Could someone guide me into what Templates and Indicators are you guys using, I have tried the one in the first page of this forum (posted by Alorente) today in GBP and NZDand it gave me +50 pips in both pairs. Please upload the latest templates and indicators used to be tried on a live account. Best regards...

This was my request too, thank you.

http://www.forexfactory.com/showthre...42#post7109642

Now try to improve my M1 system.

http://www.forexfactory.com/showthre...05#post7079705

Thank you.

hi all , could someone make a mql5 copy of the slope please.