What best indicator to entry signal and TREND? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Scripts for Limit entry, Stop entry, Market entry 47 replies

One Trade per Entry Signal 1 reply

trend and entry level in scalping 3 replies

Trendline Forex Entry Signal - Two High Probability Setups 8 replies

Ask..Entry,StopLoss, TargetProfit and Trend 6 replies

Attachments: What best indicator to entry signal and TREND?
Exit Attachments

What best indicator to entry signal and TREND?

  • #1
  • First Post: Jul 22, 2008 4:41am Jul 22, 2008 4:41am
what best indicator to entry signal and looking TRENd ?
with TF 30m or 1H

please help me
  • #2
  • Jul 22, 2008 5:21am Jul 22, 2008 5:21am
price action
  • #3
  • Jul 22, 2008 5:23am Jul 22, 2008 5:23am
Yup.....price
  • #4
  • Jul 22, 2008 2:44pm Jul 22, 2008 2:44pm
Yer BRAIn!
The breaking of a wave cannot explain the whole sea.
  • #5
  • Edited 11:53pm Jul 22, 2008 11:43pm | Edited 11:53pm
I had this question my first couple years of trading...and I'd have to agree with the 1st two posters. Price. Here on some problems with indicators that I've had:

1. You start with one
2. You then add more indicators to your charts (more the better right?)
3. You take off one indicator and add another because its "better"
4. you keep adding and taking off indicators because you cant make money and your looking for the "perfect" indicator
5. Either at this point, you give up or see that they just dont really help all that much. http://i30.tinypic.com/2wn8inc.png

I will say however that I like to have a 50sma, and macd on my 1hr charts from time to time, but thats it.

I'm not saying that you cant trade with indicators, but keep it simple and KNOW WHY your using it, as part of your trading plan. patience + discipline = profit

the hard thing about indicators is that either the signal is givin too late, and you get stopped out on a retracement, or you get in too soon and it goes higher/ lower before it reverses, and you still get stopped out. This is WHY price is king...you need to understand price above and beyond anything else. Learn about fibs, and pivots too...cant hurt.
  • #6
  • May 14, 2011 4:13am May 14, 2011 4:13am
Quoting riskyachtar
what best indicator to entry signal and looking TRENd ?
with TF 30m or 1H
please help me
(I am junior member, so unfortunately I am not allowed to open new threads - that is the reason I will post here, I think that will answer your question also):

Some hours ago I was playing around and serendipitous (more or less) made that Indicator. The base frame is taken from ADXcrosses indicator (e.g. init, deinit, barcount).

The attached "#Momentum onChartSignals Indicator" indicator looks to some data (momentum, adx, rsi, cci), does some mathematic operations and uses adx + rsi as trigger (have a look to the source, it is simple to understand).

When I was eyeballing some charts on different timeframes I was surprised because the signals seem to be useful for trading (see attachments for some screenshots).

The indicator will paint arrows on the chart:
blue arrow: buy signal / close sell signal
red arrow: sell signal / close buy signal

Alarm function is implemented also.

I am looking forward to your feedback.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart-eurjpy-m15.gif Size: 31 KB
Click to Enlarge Name: chart-eurusd-d1.gif Size: 29 KB
Click to Enlarge Name: chart-usdchf-m5.gif Size: 27 KB
Attached File(s)
File Type: mq4 #Momentum onChartSignals Indicator v1.0.mq4   7 KB | 38,755 downloads
PM me with coding requests and I'll probably put you on my ignore list
  • #7
  • May 28, 2011 12:10pm May 28, 2011 12:10pm
Hi FxDayTrader_ I downloaded your indicator and it looks awesome on a chart, but I'm just wondering if it repaints or not? The reason that I ask is that when I ran it through the strategy tester it began giving me arrows for almost every single candle, but when you scroll through on the chart normally it looks like it pretty much gets you in on tops and bottoms.

If this thing actually works the way that it appears on the chart it would be amazing, but if it gives a bunch of false signals and then repaints everything it's probably not.

thanks,

kiasucapital

Quoting fxdaytrader_
(I am junior member, so unfortunately I am not allowed to open new threads - that is the reason I will post here, I think that will answer your question also):

Some hours ago I was playing around and serendipitous (more or less) made that Indicator. The base frame is taken from ADXcrosses indicator (e.g. init, deinit, barcount).

The attached "#Momentum onChartSignals Indicator" indicator looks to some data (momentum, adx, rsi, cci), does some mathematic operations and uses adx + rsi as trigger (have a look to the source, it is simple to...
  • #8
  • May 29, 2011 8:39am May 29, 2011 8:39am
Quoting fxdaytrader_
(I am junior member, so unfortunately I am not allowed to open new threads - that is the reason I will post here, I think that will answer your question also):

Some hours ago I was playing around and serendipitous (more or less) made that Indicator. The base frame is taken from ADXcrosses indicator (e.g. init, deinit, barcount).

The attached "#Momentum onChartSignals Indicator" indicator looks to some data (momentum, adx, rsi, cci), does some mathematic operations and uses adx + rsi as trigger (have a look to the source, it is simple to understand)....
fxdaytrader_, here's the post where somebody explained some adxcrosses' issues:
http://www.forexfactory.com/showthre...87#post2466487

As far as I understand your new indicator could have the same "repainting" problem.

But the thread in question also has a non-repainting version of the adxcrosses, maybe you can use it:
http://www.forexfactory.com/showthre...78#post2460578
Gentlemen always play by the rules. If they can't, they change the rules.
  • #9
  • May 29, 2011 1:11pm May 29, 2011 1:11pm
Quoting fxdaytrader_
(I am junior member, so unfortunately I am not allowed to open new threads - that is the reason I will post here, I think that will answer your question also):

Some hours ago I was playing around and serendipitous (more or less) made that Indicator. The base frame is taken from ADXcrosses indicator (e.g. init, deinit, barcount).

The attached "#Momentum onChartSignals Indicator" indicator looks to some data (momentum, adx, rsi, cci), does some mathematic operations and uses adx + rsi as trigger (have a look to the source, it is simple to understand)....
this indicator do reprint, as forward test, it print arrows, not just one buy or sell arrow, advice, if you using this indicator maybe need heiken ashi indicator to confirm the trend.
  • #10
  • May 30, 2011 6:56am May 30, 2011 6:56am
The problem with this indicator is that it recalculates every tick: it should only calculate at the close of the bar.

Does anyone know how to do that ?
  • #11
  • May 30, 2011 7:43am May 30, 2011 7:43am
Inserted Code
datetime lastbartime;

if (Time[0] != lastbartime) {
  lastbartime = Time[0];

//do stuff
}
Congratulations ScalaFX for coming out of the closet!
  • #12
  • May 30, 2011 10:30am May 30, 2011 10:30am
Thanks - but it didn't help. It is still drawing up or down arrows on the current bar, rather than waiting until the bar is closed.
  • #13
  • May 30, 2011 11:07am May 30, 2011 11:07am
keep in mind that
Inserted Code
datetime lastbartime;

must be declared at the start of the indicator, and NOT inside the "start()" function!

Inserted Code
/////////
///blah blah
///copyright blah blah industries 1875
//////

datetime lastbartime;

init()
{
//blah
}

deinit()
{
//more blah
}

start()
{
  if (lastbartime != Time[0]) {
    lasbartime = Time[0];

    //INSERT THE REST OF YOUR NORMAL CODE HERE
  }
}
Congratulations ScalaFX for coming out of the closet!
  • #14
  • May 30, 2011 11:25am May 30, 2011 11:25am
It makes no difference .... still paints arrows before the bar is closed. Did you try your code on this indicator ?
  • #15
  • May 30, 2011 11:49am May 30, 2011 11:49am
i'm not in the mood to play around with someone elses code for what should be a simple implementation. i hate other peoples scripting because it's usually ugly and wrong. the answer is simple and i have given it to you.

if something is being done on the current bar then this tells me you don't understand something. either you haven't implemented the simple code i showed you correctly or the rest of your code is bugged.

i'd take a guess that in the script somewhere you are basing all calculations relating to the current bar and so you are either adding an arrow object or setting a buffer value at the bar positioned at Time[0]. if adding an object then there will, no doubt, be a Time[0] in the createobject parameters which obviously needs to be set to Time[1]. if setting a buffer then obviously the buffername[0] will need to be changed to buffername[1].

again, and obviously, whatever calculations are being done to set or not set an arrow should be based off of the previous bar instead of the current bar which seems to be your entire problem with this script.
Congratulations ScalaFX for coming out of the closet!
  • #16
  • Jun 1, 2011 7:01am Jun 1, 2011 7:01am
your stomach!!
  • #17
  • Dec 18, 2011 1:45am Dec 18, 2011 1:45am
its looks very promising.can somebody fix the problem
  • #18
  • Dec 18, 2011 11:06am Dec 18, 2011 11:06am
Quoting fxdaytrader_
(I am junior member, so unfortunately I am not allowed to open new threads - that is the reason I will post here, I think that will answer your question also):

Some hours ago I was playing around and serendipitous (more or less) made that Indicator. The base frame is taken from ADXcrosses indicator (e.g. init, deinit, barcount).

The attached "#Momentum onChartSignals Indicator" indicator looks to some data (momentum, adx, rsi, cci), does some mathematic operations and uses adx + rsi as trigger (have a look to the source, it is simple to...


sir is this still repainting let meknow
  • #19
  • Dec 18, 2011 1:31pm Dec 18, 2011 1:31pm
Quoting fxdaytrader_
(I am junior member, so unfortunately I am not allowed to open new threads - that is the reason I will post here, I think that will answer your question also):

Some hours ago I was playing around and serendipitous (more or less) made that Indicator. The base frame is taken from ADXcrosses indicator (e.g. init, deinit, barcount).

The attached "#Momentum onChartSignals Indicator" indicator looks to some data (momentum, adx, rsi, cci), does some mathematic operations and uses adx + rsi as trigger (have a look to the source, it is simple to understand)....
You probably got this from Karl Dittman's web page. I have found his web page the first time i started researching about forex. At the beginning all of his free indicators seemed very profitable, luckily I was working with them on a demo account. they really are not that good. He gives you all of these free "good" indicators to persuade you eventually to buy his super excellent indicator with 100% accuracy.

I think that web page is a scam, but that's only my opinion, I am still a junior member on this forum and new trader to the market, started 6 month ago.

The only way you are ever going to be profitable is if you develop your own system and understand the market, not only rely on someones indicator that tells you what to do with out explanation.
  • #20
  • Oct 16, 2014 10:36pm Oct 16, 2014 10:36pm
Hi FXTrader,

Though it's an old thread, I found your indicator that is a little bit similar as an indicator i'm using. It's free and no repaint.

Link here.

It also gives trend signal for currency pairs, i usually trade EUR/USD and Gold. Red line gives a downward trend, and when blue line appears, there is an upward trend.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m30-hf-markets-ltd.png Size: 44 KB


Attached Image (click to enlarge)
Click to Enlarge Name: xauusd-h1-hf-markets-ltd-3.png Size: 45 KB


Could you please give comments about this indicator? Any suggestions if i use it with other indicators to get more accurate trend forecast?

Thanks and best regards,
vehatde.

Quoting fxdaytrader_
{quote} (I am junior member, so unfortunately I am not allowed to open new threads - that is the reason I will post here, I think that will answer your question also): Some hours ago I was playing around and serendipitous (more or less) made that Indicator. The base frame is taken from ADXcrosses indicator (e.g. init, deinit, barcount). The attached "#Momentum onChartSignals Indicator" indicator looks to some data (momentum, adx, rsi, cci), does some mathematic operations and uses adx + rsi as trigger (have a look to the source, it is simple to...
1 trader viewing now