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Alien's Extraterrestrial Visual Systems

  • #3,261
  • Feb 1, 2014 6:02pm Feb 1, 2014 6:02pm
Quoting vspatrick
{image} Here is a modified ADX Slope indi that matches Alien Template, it could replaces ADX (Average Directional Movement Index indi) if you like. ADX line get thicker when ADX/Momentum increase.. {file}
Thanks a lot for your sharing
  • #3,262
  • Feb 1, 2014 6:40pm Feb 1, 2014 6:40pm
Hi Guys,

in Post#2 Alien mention already importance of "Divergence in the RSIOMA and PA". So far we don't have any indi to do this job for us, just individual, visual experience. I would like to share this screenshot with you and ask what do you think about it.

On the example below EU Daily, please go first and analyse how Rsioma and DS behave in 2 marked red positions. Instead of DS move up to Rsioma, Rsioma "suddenly" fell down below 50. I'm pretty sure that answer can be found on others TFs, but what I found that standard MACD Divergence indi signalize that move 1-3 candles in advance on the same TF.

In this example I highlighted 4 classic divergence [solid red, green highlighted yellow lines on very bottom indi], not reversal divergence, which are as well marked by the same indi. All turn points I marked by 4 red vertical lines and yellow highlights. That seems to be work quite well on all TFs, even M1.

Happy to hear your opinion.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Classic Divergence EU Daily.PNG Size: 124 KB
Knowledge is power, community is strength, positive attitude is everything.
  • #3,263
  • Feb 1, 2014 8:54pm Feb 1, 2014 8:54pm
Quoting vspatrick
{image} Here is a modified ADX Slope indi that matches Alien Template, it could replaces ADX (Average Directional Movement Index indi) if you like. ADX line get thicker when ADX/Momentum increase.. {file}
Lol just finished a similar one ...... , updated my charts over the weekend have a nice looking template now imo. I like the increased contrast of a black bg.
Attached Image (click to enlarge)
Click to Enlarge Name: zxcvv.png Size: 92 KB
Attached File(s)
File Type: mq4 ADX2.mq4   5 KB | 577 downloads
  • #3,264
  • Feb 1, 2014 9:44pm Feb 1, 2014 9:44pm
Quoting vspatrick
{image} Here is a modified ADX Slope indi that matches Alien Template, it could replaces ADX (Average Directional Movement Index indi) if you like. ADX line get thicker when ADX/Momentum increase.. {file}
I like that mod vspatrick, nice work! One issue, I think its one bar late when it changes the thickness of the slope...check the examples below..it changes on the second up bar, its most obvious on the ADX 7. Not sure if it is an easy fix or not to change thickness on the first up bar. Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: adx slope 1 bar late.png Size: 39 KB
  • #3,265
  • Feb 1, 2014 9:48pm Feb 1, 2014 9:48pm
Quoting rglenn
{quote} Thanks for that additional example Occam... it certainly completes the picture from Master Alien. I am not very good at divergences so I will have to do some study on them.
Just keeping marking them on the charts RGlenn, I mark them at start of each day and then on LTFs as I see them (still miss some though) and then see if they are combining with other things like DSs. They happen fairly slowly and usually there's a following LH or HL to confirm the Div (Alien's wave 1 &2) in the TF of the divergence before the trade entry occurs. Sooner or later an 'Aha' moment will happen and you will see them all over the place. They just have to be in the right place lol...

Here's another example from the EA last week with a few more divergences. A little tricky to read on the H4 but the M15 divergences with H1 RSIOMA and DS topping gave the direction...

H4 - Mixed RSIOMA above 50, Green Stoch short below 50, possible DS Long setting up but ADX is still contracting so last move up has no power
H1 - BBSq, ADX contracting and RSIOMA and DS starting to roll over
M15 - BBSq, Multiple RSIOMA and Green Divergences. It even gave a another small RSIOMA div on the last lower high effort. Then the black stoch reverted to Green stoch down direction ..


I'll let you check the chart to see what happened from here
Attached Image (click to enlarge)
Click to Enlarge Name: EA Divs.png Size: 114 KB
  • #3,266
  • Feb 1, 2014 10:04pm Feb 1, 2014 10:04pm
Quoting jeffmichaels
{quote} Lol just finished a similar one ...... , updated my charts over the weekend have a nice looking template now imo. I like the increased contrast of a black bg.{image} {file}

Not sure why you are all coding a new ADX slope indicator while a version was uploaded in this thread about 1 month ago ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #3,267
  • Edited 10:54pm Feb 1, 2014 10:33pm | Edited 10:54pm
Quoting FerruFx
{quote} Not sure why you are all coding a new ADX slope indicator while a version was uploaded in this thread about 1 month ago ...
I think there is a difference between them Ferru. The new one prints exactly the same slope as the original ADX whereas the one that Jurn_e is using (which is the one I believe you are talking about) the higher ADXs (89,144) slope up very fast and then switch off and fall back again fast, not a gradual slope like the original which is why I don't use it on anything but M1 (although I do like it on M1 as it really shows ADX contraction and expansion well for shorter term entries compared to the normal ADX).

I tried playing with the settings of the old ADX Slope indi but couldn't get it too match so I just used the old ADX slope on M1 only and kept other time frames with the normal ADX. I like vspatrick's slope indi because it lets me use it on the HTFs as a dashboard indi (if he can advance the thickness change by 1 bar!). It's just a personal preference I have to see a continuous gradual slope on the higher ADXs...Cheers

(Edit: vspatrick ADX slope on left, original ADX slope on right)
Attached Image (click to enlarge)
Click to Enlarge Name: ADX Slope comparison.png Size: 72 KB
  • #3,268
  • Feb 1, 2014 11:55pm Feb 1, 2014 11:55pm
Quoting occamsrazors
{quote} I think there is a difference between them Ferru. The new one prints exactly the same slope as the original ADX whereas the one that Jurn_e is using (which is the one I believe you are talking about) the higher ADXs (89,144) slope up very fast and then switch off and fall back again fast, not a gradual slope like the original which is why I don't use it on anything but M1 (although I do like it on M1 as it really shows ADX contraction and expansion well for shorter term entries compared to the normal ADX). I tried playing with the settings...

That's just visual ... The original ADX and the ADX slope have the exact same values.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3,269
  • Feb 2, 2014 12:11am Feb 2, 2014 12:11am
Quoting FerruFx
{quote} That's just visual ... The original ADX and the ADX slope have the exact same values.
Yep agreed Ferru, the values are the same, it's just the look, the original ADX slope is a bit frenetic to my old eye other than on M1, I can see the 89 144 trend easier on the new one,... it is after all "Aliens Extraterrestrial VISUAL Systems" lol. I guess it's a case of whatever works best for each individual ....
  • #3,270
  • Feb 2, 2014 12:12am Feb 2, 2014 12:12am
Quoting occamsrazors
{quote} I guess it's a case of whatever works best for each individual ....
Absolutely
MT4/MT5 EAs/Indicators/Alerts coder
  • #3,271
  • Feb 2, 2014 12:17am Feb 2, 2014 12:17am
Quoting occamsrazors
{quote} Yep agreed Ferru, the values are the same, it's just the look, the original ADX slope is a bit frenetic to my old eye other than on M1, I can see the 89 144 trend easier on the new one,... it is after all "Aliens Extraterrestrial VISUAL Systems" lol. I guess it's a case of whatever works best for each individual ....

I found why we have difference in visual. In fact, the new Slope version has +DI/-DI coded in so even if they are set to color none, the lines exist so the vertical scale is compressed to fit the sub-window when +DI or -DI is high.
MT4/MT5 EAs/Indicators/Alerts coder
  • #3,272
  • Feb 2, 2014 12:57am Feb 2, 2014 12:57am
Quoting FerruFx
{quote} I found why we have difference in visual. In fact, the new Slope version has +DI/-DI coded in so even if they are set to color none, the lines exist so the vertical scale is compressed to fit the sub-window when +DI or -DI is high.
Aha, good pick up Ferru
  • #3,273
  • Feb 2, 2014 1:13am Feb 2, 2014 1:13am
Quoting FerruFx
{quote} I found why we have difference in visual. In fact, the new Slope version has +DI/-DI coded in so even if they are set to color none, the lines exist so the vertical scale is compressed to fit the sub-window when +DI or -DI is high.
Yes that was the "issue" with the original ADX Slope, +DI/-DI are needed to get the same value range as the original basic ADX indi.
the market is not random but anything can happen.
  • #3,274
  • Feb 2, 2014 2:16am Feb 2, 2014 2:16am
Quoting occamsrazors
{quote} Just keeping marking them on the charts RGlenn, I mark them at start of each day and then on LTFs as I see them (still miss some though) and then see if they are combining with other things like DSs. They happen fairly slowly and usually there's a following LH or HL to confirm the Div (Alien's wave 1 &2) in the TF of the divergence before the trade entry occurs. Sooner or later an 'Aha' moment will happen and you will see them all over the place. They just have to be in the right place lol... Here's another example from the EA last week...
Thanks Occam great examples!
With God its impossible to lose
  • #3,275
  • Feb 2, 2014 2:35am Feb 2, 2014 2:35am
Has anyone got any good looking trades for this week? I need to make some big money as I could be made redundant at work soon ..... And I need a back up!
With God its impossible to lose
  • #3,276
  • Edited 3:17am Feb 2, 2014 2:53am | Edited 3:17am
Quoting Richcom
Hi Guys, in Post#2 Alien mention already importance of "Divergence in the RSIOMA and PA". So far we don't have any indi to do this job for us, just individual, visual experience. I would like to share this screenshot with you and ask what do you think about it. On the example below EU Daily, please go first and analyse how Rsioma and DS behave in 2 marked red positions. Instead of DS move up to Rsioma, Rsioma "suddenly" fell down below 50. I'm pretty sure that answer can be found on others TFs, but what I found that standard MACD Divergence indi...
Interesting Richcom although I'm not sure I could fit any more indi's on my chart!

I also think it's good to see multiple divergences building up as sometimes it takes a few before PA falls which may not be obvious with the indi. I don't normally look at EU but I thought I would go draw in the D1 divs. You can see the short Divs building on Green Stoch and RSIOMA and there has now been a lower high after the short Div at the high (Edit: so we should be on Wave 3 from the overall high) and there is now ADX 7,21,42 expansion, the BBSqueeze looks like it will end shortly. W1 has BBSqueeze and DS is dropping (and a small Green stoch short Div). H4 has just had a decent fall. The next H4 retrace will be worth watching

Since this is D1, it will be interesting to come back to this chart in two to four weeks time and see what has happened...
Attached Image (click to enlarge)
Click to Enlarge Name: EU D1 Div analysis a.png Size: 99 KB
  • #3,277
  • Feb 2, 2014 2:59am Feb 2, 2014 2:59am
Quoting vspatrick
{quote} Yes that was the "issue" with the original ADX Slope, +DI/-DI are needed to get the same value range as the original basic ADX indi.

In fact I didn't noticed the difference as Occam explained earlier (89/144 quickly up/down) because I set min/max for each ADX ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #3,278
  • Feb 2, 2014 3:32am Feb 2, 2014 3:32am
Quoting occamsrazors
{quote} Interesting Richcom although I'm not sure I could fit any more indi's on my chart! I also think it's good to see multiple divergences building up as sometimes it takes a few before PA falls which may not be obvious with the indi.... {image}
You are right about Green Stoch for sure. Thanks for that. But to spot quickly that looonnnggg sloping Rsioma divergence in second example [right side of screenshot] don't seems to be so easy. I'll need more "sitting time" and my white eyes training.... ;]

That's why I packed another indi's on to my chart to help me spot them quickly, especially on lower, quickly moving TFs. Did anybody else can share his experience with Divergence in examples mentioned above? Maybe other, better divergence indi's? Or maybe one of our coder colleagues would be interesting to code some Rsioma [and [or] Green Stoch] versus PA divergence indicator.

[Still learning mql4 programming basics and don't feel that I can do it my self .... yet ;]
Knowledge is power, community is strength, positive attitude is everything.
  • #3,279
  • Feb 2, 2014 3:53am Feb 2, 2014 3:53am
Here is a divergence on the 1hr GPBCHF...anyone know how to read this?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfh1.png Size: 84 KB
With God its impossible to lose
  • #3,280
  • Feb 2, 2014 4:05am Feb 2, 2014 4:05am
Quoting FerruFx
{quote} In fact I didn't noticed the difference as Occam explained earlier (89/144 quickly up/down) because I set min/max for each ADX ...
FerruFX

what is your ADX min/Max setting?
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