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MTF Dashboard thread

  • #221
  • Edited 1:18pm Mar 25, 2015 2:40am | Edited 1:18pm
Quoting Phantom-X
{quote} Yes, that's true. But I'm wondering when the best entry would be? If you just watch this indicator, it can be all over the place sometimes. I suppose that's a good signal to AVOID trading until market corrects itself.
Hi Phantom-X,

The main goal of this tool is to catch the momentum of the price and it's better if we can catch the early momentum. But it's hard because this tool is based on indicators and as we know all indicators are lagging. So when we have some colour filling - above 80%, 90% etc., we have an idea in what direction a given currency is going, according to its crosses in the group. We can enter the trade depending of that percentage, but for the TP and SL it's better to see the chart of the currency group that you have decided to trade. You can place your TP and SL near the previous high and low or support and resistance. Sometimes the price makes new high or low, so in that case you have to decide what profit is enough for you. As you can see there are not strict rules for TP and SL only for entry (if you set an exact percentage). There are other ways to use this tool I guess and you can experiment and find out what works and what doesn't.

Wish you luck.
Don't ever let somebody tell you... You can't do something.
  • #222
  • Mar 25, 2015 10:29am Mar 25, 2015 10:29am
sajidkust great work on your part. Will this work with brokers that have suffixes and prefixes? I have suffixes with "." and some of the indices are not being updated. Thanks.
  • #223
  • Mar 25, 2015 12:40pm Mar 25, 2015 12:40pm
Quoting momosh
{quote} Hi Phantom-X, The main goal of this tool is to catch the momentum of the price and it's better if we can catch the early momentum. But it's hard because this tool is based on indicators and as we know all indicators are lagging. So when we have some colour filling - above 80%, 90% etc., we have an idea in what direction a given currency is going, according to its crosses in the group. We can enter the trade depending of that percentage, but for the TP and SL it's better to see the chart of the currency group that you have decided to trade....
Thank you very much.
I am NOT an expert. I post to learn from others.
  • #224
  • Mar 29, 2015 11:03am Mar 29, 2015 11:03am
Hi cja

thanks for your great Dashboards. I love your Indis. As always very impressive !
Its possible to add an Option to move the Dashboard in the Subwindow, same as the others ?
Or any script to create a empty Main Chart / Window, same as your MT Window ?


Quoting cja
Here are 2 more basic MTF Dashboard indicators. MTF RSI Multi Pair Dashboard : This indicator gives the trader 2 signal options. The Dashboard can be set up to show a RSI cross of the 50 level or a RSI cross RSI. {file} MTF STOCH Multi Pair Dashboard : This indicator gives the trader 2 signal options. The Dashboard can be set up to show a STOCH cross of the 50 level or the standard STOCH cross of the Main and Signal lines. {file} {image} The signals for both Dashboards could have been configured in different ways however some of the requests on...
  • #225
  • Mar 29, 2015 11:25am Mar 29, 2015 11:25am
It's ok here and i've question .. what difference from this dashboard and forex strenght one? What are the difference in signal?
Really thanks for you effort
Regards
  • #226
  • Mar 30, 2015 4:44am Mar 30, 2015 4:44am
Quoting Badguy
Hi cja thanks for your great Dashboards. I love your Indis. As always very impressive ! Its possible to add an Option to move the Dashboard in the Subwindow, same as the others ? Or any script to create a empty Main Chart / Window, same as your MT Window ? {quote}
This template should do the trick I have set it to a Black background if you use a different color background just load the template on the chart and then select your desired background color and save the template.
Attached File(s)
File Type: tpl MT Chart.tpl   < 1 KB | 1,000 downloads
Trade what you see not what you hope
  • #227
  • Mar 31, 2015 10:46am Mar 31, 2015 10:46am
Hi cja

thanks grandmaster

Quoting cja
{quote} This template should do the trick I have set it to a Black background if you use a different color background just load the template on the chart and then select your desired background color and save the template. {file}
  • #228
  • Apr 4, 2015 3:21am Apr 4, 2015 3:21am
Quoting cja
{quote} This template should do the trick I have set it to a Black background if you use a different color background just load the template on the chart and then select your desired background color and save the template. {file}
Hi, cja;

may i ask a mq4 question, in the stoch field which one do you use to get the correct stoch value?

iStochastic(TradePair, PERIOD, kPeriod, dPeriod, slowing, MODE_SMA, STO_LOWHIGH,MODE_MAIN, 0);
or
iStochastic(TradePair, PERIOD, kPeriod, dPeriod, slowing, MODE_SMA, STO_LOWHIGH,MODE_MAIN, 1);

thx
Attached Image
  • #229
  • Apr 4, 2015 3:42am Apr 4, 2015 3:42am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
0 or 1 is correct. The question is which one do you need ?

0 = the current candle
1 = the last closed candle
MT4/MT5 EAs/Indicators/Alerts coder
  • #230
  • Apr 4, 2015 3:42am Apr 4, 2015 3:42am
Quoting FXyao
{quote} Hi, cja; may i ask a mq4 question, in the stoch field which one do you use to get the correct stoch value? iStochastic(TradePair, PERIOD, kPeriod, dPeriod, slowing, MODE_SMA, STO_LOWHIGH,MODE_MAIN, 0); or iStochastic(TradePair, PERIOD, kPeriod, dPeriod, slowing, MODE_SMA, STO_LOWHIGH,MODE_MAIN, 1); thx {image}
Both, its based on the slope of the MAIN line not Stochastics crossing a level.
Trade what you see not what you hope
  • #231
  • Apr 4, 2015 9:51am Apr 4, 2015 9:51am
Quoting FerruFx
0 or 1 is correct. The question is which one do you need ? 0 = the current candle 1 = the last closed candle
Maybe mode_main,0. just try to know how cja get the stoch value in the above indicator. thx
  • #232
  • Apr 4, 2015 10:16am Apr 4, 2015 10:16am
Quoting cja
{quote} Both, its based on the slope of the MAIN line not Stochastics crossing a level.
cja;

normally people use 20/80 to determine the oversold/overbought. but sometimes it is overbought even the stoch value is 60 as below. in your many years coding experience, is there a way without looking at the chart to know the stochastic reaches to oversold or overbought area because the value alone cannot tell? many thanks.
Attached Image
  • #233
  • Apr 4, 2015 10:51am Apr 4, 2015 10:51am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting FXyao
{quote} Maybe mode_main,0. just try to know how cja get the stoch value in the above indicator. thx
It seems he is using the Stoch slope ... so you need 2 values (ie. 0 and 1).
MT4/MT5 EAs/Indicators/Alerts coder
  • #234
  • Apr 4, 2015 11:05am Apr 4, 2015 11:05am
Quoting FerruFx
{quote} It seems he is using the Stoch slope ... so you need 2 values (ie. 0 and 1).
as I know slope is used to determine the up or down, do you mean the average of both? Thx
  • #235
  • Apr 4, 2015 6:43pm Apr 4, 2015 6:43pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting FXyao
{quote} as I know slope is used to determine the up or down, do you mean the average of both? Thx
A slope is defined by 2 points. In our case we take Stoch values 0 and 1 ... If 0 > 1, Stoch is UP ... if 0 < 1, Stoch is DOWN
MT4/MT5 EAs/Indicators/Alerts coder
  • #236
  • Apr 4, 2015 7:15pm Apr 4, 2015 7:15pm
Quoting FerruFx
{quote} A slope is defined by 2 points. In our case we take Stoch values 0 and 1 ... If 0 > 1, Stoch is UP ... if 0 < 1, Stoch is DOWN
But my original question of the post #228 to cja was to ask how the stoch value is calculated in his indicator, not a question of stoch up or down. thx.
  • #237
  • Apr 4, 2015 8:37pm Apr 4, 2015 8:37pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting FXyao
{quote} But my original question of the post #228 to cja was to ask how the stoch value is calculated in his indicator, not a question of stoch up or down. thx.
Yes and he answered you that it uses the slope of the Stoch (up/down).
MT4/MT5 EAs/Indicators/Alerts coder
  • #238
  • Apr 4, 2015 11:13pm Apr 4, 2015 11:13pm
Quoting FerruFx
{quote} Yes and he answered you that it uses the slope of the Stoch (up/down).
Ferru;

the answer confuses me, for example how can you use the slope of stoch 533 to get the value 30 on the D1? thx
  • #239
  • Apr 5, 2015 1:08am Apr 5, 2015 1:08am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting FXyao
{quote} Ferru; the answer confuses me, for example how can you use the slope of stoch 533 to get the value 30 on the D1? thx
If you want to check the Stoch with the levels (OBOS), just take the value you need (current value or the last closed bar).
MT4/MT5 EAs/Indicators/Alerts coder
  • #240
  • Apr 5, 2015 3:18am Apr 5, 2015 3:18am
Quoting FXyao
{quote} Ferru; the answer confuses me, for example how can you use the slope of stoch 533 to get the value 30 on the D1? thx
Attached Image (click to enlarge)
Click to Enlarge Name: stoch slope.png Size: 40 KB

Attached Image (click to enlarge)
Click to Enlarge Name: stoch slope1.png Size: 40 KB
Trade what you see not what you hope
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