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MTF Dashboard thread

  • #141
  • Edited 2:09pm Feb 27, 2015 1:59pm | Edited 2:09pm
Quoting brucech
Sajidkust, Welcome to Forex Trading. Nice MTFAlert! Wondering if it can have the options for time periods or another version with time periods as follows.. M1, M5, M15, M30, H1, H4? Thanks. Bruce {quote}
Hi brucech,
Here is updated MTFAlert. Now TimeFrame element can be changed. Also two more properties added.

 

  1. MaximumBuyLevelForSell(%): Let you specify the rectangles favoring Buy against rectangles favoring Selling the currency.
  2. MaximumSellLevelForBuy(%): Let you specify the rectangles favoring Sell against rectangles favoring Buying the currency.

Setting these inputs to zero, exactly implement Momosh strategy (All TFS favoring a particular trade type i.e buying the currency or selling the currency)

Dear Momosh, I will be thankful for educating us that what will be better. Alarm on the basis of percentage of boxes or number of boxes?

Attached File(s)
File Type: ex4 MTFAlert.ex4   24 KB | 1,141 downloads
Forex; the game of movements not the game of candles.
  • #142
  • Feb 27, 2015 3:40pm Feb 27, 2015 3:40pm
sajidkust,

Just woke up to discover the new options... Works great! Thanks.

Bruce
  • #143
  • Feb 27, 2015 4:39pm Feb 27, 2015 4:39pm
Quoting sajidkust
{quote} Hi brucech, Here is updated MTFAlert. Now TimeFrame element can be changed. Also two more properties added. MaximumBuyLevelForSell(%): Let you specify the rectangles favoring Buy against rectangles favoring Selling the currency. MaximumSellLevelForBuy(%): Let you specify the rectangles favoring Sell against rectangles favoring Buying the currency. Setting these inputs to zero, exactly implement Momosh strategy (All TFS favoring a particular trade type i.e buying the currency or selling the currency) Dear Momosh, I will be thankful for educating...
Hi Sajidkust,

You've made great improvements of this indi I couldn't test the indicator in the last few days and thats why I haven't posted here, but with your fine additions it will be much easier for catching the movements. One question - if we have for example sell usd 18% does it take these percentages from base and quote USD, or it's according to the red boxes? So if we have usdchf, usdcad and usdjpy - red and eurusd, gbpusd, audusd and nzdusd - green, we should have higher percentage for sell usd than if all boxes are red. I hope you understand me
Regarding the percentage or number I think the percentage way is better because you can set different number of TF's and each time the number of boxes will be different. But with percentage you can set for example 80% and it will be the same for all variations of TF's.
I hope I can test your indi the next week and post some results.
Thanks and have a nice weekend.
Don't ever let somebody tell you... You can't do something.
  • #144
  • Edited 4:55pm Feb 27, 2015 4:45pm | Edited 4:55pm
Quoting momosh
{quote} Hi Sajidkust, You've made great improvements of this indi I couldn't test the indicator in the last few days and thats why I haven't posted here, but with your fine additions it will be much easier for catching the movements. One question - if we have for example sell usd 18% does it take these percentages from base and quote USD, or it's according to the red boxes? So if we have usdchf, usdcad and...
Dear momosh, indi does have the intelligence of recognizing that when ur currency is base currency and when it is quoted currency.
Forex; the game of movements not the game of candles.
  • #145
  • Feb 27, 2015 4:55pm Feb 27, 2015 4:55pm
Quoting sajidkust
{quote} Dear momosh, indi does have the intelligence of base and quoted currency.
Great Sajidkust, will see it in action next week.
Thanks again,
Don't ever let somebody tell you... You can't do something.
  • #146
  • Feb 27, 2015 5:48pm Feb 27, 2015 5:48pm
Quoting sajidkust
{quote} ... Dear Momosh, I will be thankful for educating us that what will be better. Alarm on the basis of percentage of boxes or number of boxes? {file}
Hi, mormosh, sajidkust

Ive been paying close attention to this thread and found this indie an amazing creation. As it develops we can have a glimpse of it's enourmous potential and aplicability. I would like to take the opportunity to thank cja for his generous offer and dedication, as also to mormosh and sajidkust for their valuable contributions for it's development and improvement. To them, I take my hat off and bow.
As for sajikust question, I also agree with momosh. My knowlege as a programmer is very very short, but I also think percentage is a more assertive indicator than number of squares, although suspect that, from the coder point of view, it will require a more complex code by the introduction of new element/s.
For example, a new general indicator based on the costumized % at the front of each pair row (symbolic or numeric%), or else, inside each TF square in form of a %value or a graphical one (ex:filling the square based on %). However, i'm aware that it woukd require a much, much higher level of coding proficiency and complexity in one hand but, greater assertiveness outputs in the other.
Make me know if i'm missing the concept or making a wrong connexion of ideas.

Best regards

PS- sajidkus/mormosh...Would it be asking too much for you to post practical examples of the use of the new variables for educational and enlightening purposes. Thanx in advance.
  • #147
  • Feb 27, 2015 10:48pm Feb 27, 2015 10:48pm
Quoting H0rus
{quote} Hi, mormosh, sajidkust Ive been paying close attention to this thread and found this indie an amazing creation. As it develops we can have a glimpse of it's enourmous potential and aplicability. I would like to take the opportunity to thank cja for his generous offer and dedication, as also to mormosh and sajidkust for their valuable contributions for it's development and improvement. To them, I take my hat off and bow. As for sajikust question, I also agree with momosh. My knowlege as a programmer is very very short,...
Waiting for the Market Open to Embark on Testing.
Forex; the game of movements not the game of candles.
  • #148
  • Mar 1, 2015 3:47am Mar 1, 2015 3:47am
Hi sajidkust,

This morning I could view your indi in more detail and I have two more questions. First about the options MaximumBuyLevelForSell(%), if I set it to 0, does that mean if even one buy rectangle appears the alarm will not be triggered? And second, can I place more than one currency group at single MT screen, because when I try to add second group, the first one disappers.

Thanks and regards.
Don't ever let somebody tell you... You can't do something.
  • #149
  • Edited 7:57am Mar 1, 2015 6:37am | Edited 7:57am
Quoting momosh
Hi sajidkust, This morning I could view your indi in more detail and I have two more questions. First about the options MaximumBuyLevelForSell(%), if I set it to 0, does that mean if even one buy rectangle appears the alarm will not be triggered? And second, can I place more than one currency group at single MT screen, because when I try to add second group, the first one disappers. Thanks and regards.
Hi Memosh,
Your pointed bug is corrected in attached Indi. for setting 0, there will be no alarm even if there is only one opposite rectangle. Yes, you can place multi instances of the same indi on a chart. By the way, I am working on Enhanced MTFAlert where you will not need to place separate indi for each currency. Sorry for the misshape.
Attached File(s)
File Type: ex4 MTFAlert.ex4   29 KB | 971 downloads
Forex; the game of movements not the game of candles.
  • #150
  • Mar 1, 2015 9:27am Mar 1, 2015 9:27am
Thanks for the clarification sajidkust, can't wait to test it
Don't ever let somebody tell you... You can't do something.
  • #151
  • Mar 1, 2015 4:06pm Mar 1, 2015 4:06pm
Quoting sajidkust
{quote} Hi Memosh, Your pointed bug is corrected in attached Indi. for setting 0, there will be no alarm even if there is only one opposite rectangle. Yes, you can place multi instances of the same indi on a chart. By the way, I am working on Enhanced MTFAlert where you will not need to place separate indi for each currency. Sorry for the misshape. {file}
Hi sajidkust,

I just downloaded and installed the indi with all currencies on the same screen and studied it and the inputs.
I also read the comments between you and momosh, but I need to fully understand what I'm looking at so that I can also test it this coming week.
So, I'd like you to give me feedback/confirmation on the following points:

 

  1. Are the percentages based on the total timeframes chosen by the user (on the screen) or based on all the timeframes? For example, if I only choose to have only 4 timeframes on my screen, will the percentages be calculated based only on those visible timeframes?
  2. The percentages I choose for minimum, sell, buy, maximum buy for sell, etc... when they are acheived will the indi trigger an alert? What type of alert?
  3. Minimum Sell (%) means that the indi will trigger an alert for a sell trade on a certain currency pair when the chosen percentage is acheived?
  4. What is the exact purpose for the input "MaximumButLevelForSell"?
  5. The white squares means "indefinition"?

The alerts just started popping up with the opening of the market... too many alerts at once. It's difficult to do anything with so many alerts coming up all at once and repeating... you'll have to look into this in the future...

Hope to get your answers soon so that I know I have the indi setup correctly, and will be able to give you feedback on my testing.

Thanks!

  • #152
  • Mar 1, 2015 9:41pm Mar 1, 2015 9:41pm
Dear vmc,
Attached is Updated MTFAlarm with repetitive Alarm bug removed.

Answer 1: Yes.... % is calculated based on No. Of timeframes inputted by user and no. of currency pairs(which is 7 for all currency). Lets say, you chose M5,M15,M30,H1,H4,D1,W1(total 7). so your total rectangles will be 7 x 7= 49 Then your Sell Percentage(%)=(rectangles favoring sell/49)*100

Answer 2: I hope you have got answer of it in form of too many pop ups ().

Answer 3: Yes

Answer 4: MaximumBuyLevelForSell: Let's say you want to raise alarm when sell is 70%. but at the same time there is some percentage of buy. lets say 20%. In such cases, you can use MaximumBuyLevelforSell. Can be used in Markets where you are expecting a currency to fell or rise after a certain level. By the way, In next version(only one indi for all currencies+repetitive alarms bug removed), I am removing this feature.

Answer 5: A box is red or green combination of three values(MACD value,Stochastic values and Trend bear or bull) . So you get a white box these three values as whole neither favoring sell nor buy.
Attached File(s)
File Type: ex4 MTFAlert.ex4   29 KB | 2,495 downloads
Forex; the game of movements not the game of candles.
  • #153
  • Edited 11:19pm Mar 1, 2015 10:43pm | Edited 11:19pm
Dear sajidkust,

I've been monitoring the indie for a while and i found that answer 3 isn't always confirmed . Is the alert only triggered for each currency pair only when the costumized % of the full group under all TFs is reached?... or... is that condition not necessary to make it pop on a 75% buy/sell of each individual pair?
Below there is an example of a pair with all TF red and no alert popped. Must we have dll import checked on indie's common tab?
I also noticed that MACD signalSMA value was incorrect, must be 9 instead of 19.
Since i couldn't confirm, will the alert point to sell/buy the specific pair which sell/buy % was reached? Can you post a screen of this event please?

Attached Image (click to enlarge)
Click to Enlarge Name: mtfalert.jpg Size: 83 KB


Many thanx.
  • #154
  • Mar 1, 2015 11:18pm Mar 1, 2015 11:18pm
Quoting H0rus
Dear sajidkust, I've been monitoring the indie for a while and i found that answer 3 isn't always confirmed . Below there is an example of a pair with all TF red and no alert poped. Must we have dll import checked on indie's common tab? I also notice that MACD signalSMA value is incorrect, must be 9 instead of 19. Since i couldnt confirm, will the alert point to sell/buy the specific pair which sell/buy % was reached? Can you post a screen of it please of this event? {image} Many thanx.
Dear H0urs,
1. % = No. of favorable Boxes/(All Currency Pairs X Time Frames). e.g % is not looking for a single currency pair on all times but in fact all currency pairs on all times frames. Basically, this is the implementation of an Idea of Momosh and KopraTasa to buy a currency if it is going up against almost all currency pairs and vice versa for selling a currency. As I noticed on different forums, KopraTasa(I consider him my teacher) is using this strategy very impressively(Making a lot of green pips).

2. The Parameters of MACD and Stochastic are by default same as that of cja inidicator (The pioneer of MTF inidcator). But you can change the values of MACD or Stochastic parameters to your own liking.
Forex; the game of movements not the game of candles.
  • #155
  • Mar 1, 2015 11:22pm Mar 1, 2015 11:22pm
Quoting H0rus
Dear sajidkust, I've been monitoring the indie for a while and i found that answer 3 isn't always confirmed . Is the alert only triggered for each currency pair only when the costumized % of the full group under all TFs is reached?... or... is that condition not necessary to make it pop on a 75% buy/sell of each individual pair? Below there is an example of a pair with all TF red and no alert popped. Must we have dll import checked on indie's common tab? I also noticed that MACD signalSMA value was incorrect, must be 9 instead of 19. Since...
By the way, from your screenshot, AUD is getting weaker and the drop is also confirming to Monthly and Weakly trend, so i will like to sell AUD. ()
Forex; the game of movements not the game of candles.
  • #156
  • Mar 2, 2015 12:15am Mar 2, 2015 12:15am
Quoting sajidkust
{quote} Hi Memosh, Your pointed bug is corrected in attached Indi. for setting 0, there will be no alarm even if there is only one opposite rectangle. Yes, you can place multi instances of the same indi on a chart. By the way, I am working on Enhanced MTFAlert where you will not need to place separate indi for each currency. Sorry for the misshape. {file}
Hi, sajidkust;

you said that we can place multi instances of the same indi on a chart. but i tried, one is overlapping with the other, can you tell how? thx
  • #157
  • Mar 2, 2015 12:31am Mar 2, 2015 12:31am
Quoting FXyao
{quote} Hi, sajidkust; you said that we can place multi instances of the same indi on a chart. but i tried, one is overlapping with the other, can you tell how? thx
Dear,
Please look into SideWays and UpDown Properties. You can change Indicator locations via these properties and make sure you have downloaded latest indi from my latest attachment here.
http://www.forexfactory.com/attachme...6&d=1425267706
Forex; the game of movements not the game of candles.
  • #158
  • Mar 2, 2015 12:49am Mar 2, 2015 12:49am
So basically sell/buy % parameter is a general strenght index which show us the performance of a currency inside a core group. Therefore, defined as is, the alert should only pop when 37 squares are red( for selling the currency) or 37 green (for buying).

As for the MACD, this is why it should be set to 12,26,9 ... "The most commonly used values are 12, 26, and 9 days, that is, MACD(12,26,9). As true with most of the technical indicators, MACD also finds its period settings from the old days when technical analysis used to be mainly based on the daily charts. The reason was the lack of the modern trading platforms which show the changing prices every moment. As the working week used to be 6-days, the period settings of (12, 26, 9) represent 2 weeks, 1 month and one and a half week. Now when the trading weeks have only 5 days, possibilities of changing the period settings cannot be overruled. However, it is always better to stick to the period settings which are used by the majority of traders as the buying and selling decisions based on the standard settings further push the prices in that direction."

Green pips to all
  • #159
  • Edited 1:18am Mar 2, 2015 12:56am | Edited 1:18am
Quoting H0rus
So basically sell/buy % parameter is a general strenght index which show us the performance of a currency inside a core group. Therefore, defined as is, the alert should only pop when 37 squares are red( for selling the currency) or 37 green (for buying). As for the MACD, this is why it should be set to 12,26,9 ... "The most commonly used values are 12, 26, and 9 days, that is, MACD(12,26,9). As true with most of the technical indicators, MACD also finds its period settings from the old days when technical analysis used to be mainly based on the...
Yes, You hit the bulls eye. Basically it is result of typo error which turn 9 into 19. But anyhow, thankfully, it is changeable in properties. 37????? depends upon the minimum percentage set for buying or selling. Thanks
Forex; the game of movements not the game of candles.
  • #160
  • Mar 2, 2015 3:53am Mar 2, 2015 3:53am
Just took a grade on the fly, when indicator was showing that EUR is getting stronger.
Attached Image (click to enlarge)
Click to Enlarge Name: 3.png Size: 51 KB
Forex; the game of movements not the game of candles.
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