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  • #56,201
  • Apr 23, 2015 11:59am Apr 23, 2015 11:59am
Quoting ZeF
{quote} Make sure you post your suggestions here so others can check in with their wishes. I think I'll do one with all TF from m1 to M1 and one with middle TF, like m15 to w1. {quote} Well many have been asking for it but nobody was coding it. Using it is easy - shows you the color of MTF candle on 1 TF, as seen in Phx62's charts. You can test accuracy by having MTF windows and checking candle color. It's accurate. How you use it - it's up to you.
Hi ZeF,

Thanks for reply, I don't think that is a candle colour. I attach two charts below for more informations

- The first one is GU H1 chart, you can see MTF H1 is Red, but Japan candle colour should be green (close price is higher than open price) -> that's will not be a Japan candle colour

- The second is EU H1 chart, MTF H1 is Red, but the APB candle is Green -> so that not be a APB candle colour also



regards,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2015.4.14.GU.H1.news.png Size: 79 KB
Click to Enlarge Name: 2015.3.27.EU.H1.week.png Size: 129 KB
  • #56,202
  • Edited 2:57pm Apr 23, 2015 2:00pm | Edited 2:57pm
Quoting Pervis
{quote} Hi ZeF, Thanks for reply, I don't think that is a candle colour. I attach two charts below for more informations - The first one is GU H1 chart, you can see MTF H1 is Red, but Japan candle colour should be green (close price is higher than open price) -> that's will not be a Japan candle colour - The second is EU H1 chart, MTF H1 is Red, but the APB candle is Green -> so that not be a APB candle colour also regards, {image} {image}
Hi Pervis,

You are correct - this multi-meter has nothing to do with the APB or Japanese candles. This is the real price action multi-meter. It was developed in 2006 as a MTF chart part of another system from another forum (google). It has been used extensively in the TMS thread but in it's old form, as a DASH + TF indicator, by scalpers like cigarguy, etc. You can find versions in the paperclip.

What I did is that I replaced the Dash with the actual TF symbols and some minor changes like font.

I think Phx62's indie is based on the same one?

To check, open a blank chart without any APB candles, and run through time frames and observe candle color and indicator color - they show the same thing.

Emmanuel taught us to use MTF analysis when doing weekly trading plans, and also when trading intra-day trend.

This is what this TRO is all about, having all those TF candle colors in one view. Has nothing to do with HA or APB candles.

For the MTF Japanese candles, you have the TMS10EMA MTF , in the paperclip.
Best regards, Zef
  • #56,203
  • Apr 23, 2015 2:09pm Apr 23, 2015 2:09pm
TMS Basic Method Rules.PDF:
"How do you identify consolidation area on your charts?
There different ways.
Look at the reversal ... the price bar/candles.
One way is to look at recent reversal and trends ... look for Wide Range Bars WRB, price bars that have the widest high-low range compared to the previous 3 to 5 price bars.
Do not chase after a WRB which is APB#2 reversal trade. The reason is that your initial stop loss will be the last swing high or swing low before that WRB, hence it will not be attractive to have such large SL which you use to calculate your position size. Second reason is most often, after a WRB, market will either pull back or consolidates with small price bars/candles or worst case with an Inside Bar and result in the WRB become a Master Candle MC".

Can any one of you friends kindly explain to me what does the above text mean specially the bold text ?.
I would appreciate that very much. Thank you.
  • #56,204
  • Apr 23, 2015 3:07pm Apr 23, 2015 3:07pm
Quoting Tanglewood
{quote} Hi fortunemaker, First, Dean Malone who created Synergy Pro has a volatility indicator as part of Synergy Pro. You'll find it in the paperclip folder above. Secondly Dean has created an excellent free video on how best to use the indicator. You'll find it at compassfx.com under Forex Videos. The category to click on is 'Synergy Pro and the TDI'. The video is called: Volatility: The driving force in Forex trading. 5/18/2010
Thanks ZeF & Tanglewood for your replies.
  • #56,205
  • Apr 23, 2015 8:57pm Apr 23, 2015 8:57pm
Quoting abofar
TMS Basic Method Rules.PDF: "How do you identify consolidation area on your charts? There different ways. Look at the reversal ... the price bar/candles. One way is to look at recent reversal and trends ... look for Wide Range Bars WRB, price bars that have the widest high-low range compared to the previous 3 to 5 price bars. Do not chase after a WRB which is APB#2 reversal trade. The reason is that your initial stop loss will be the last swing high or swing low before that WRB, hence it will not be attractive to have...

Go back to your post link below:

http://www.forexfactory.com/showthre...11#post8219911

Look at each of the four charts you posted. Look the TDI and the price bars - small bars, big bars. See how the TDI move with each price bar, small bars, big bars.
Observe the angle of the TDI green line for each price bar closed.

Price Bar are the real price using the Bar Chart. Not the APB or HA candles.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,206
  • Edited 11:23pm Apr 23, 2015 10:59pm | Edited 11:23pm
Quoting emmanuel7788
{quote} Go back to your post link below: http://www.forexfactory.com/showthre...11#post8219911 Look at each of the four charts you posted. Look the TDI and the price bars - small bars, big bars. See how the TDI move with each price bar, small bars, big bars. Observe the angle of the TDI green line for each price bar closed. Price Bar are the real price using the Bar Chart. Not the APB or HA candles.
emmanuel7788
Thank you for your response.
I didn't understand what are you trying to explain ? The angle of TDI is OK according to rules 12-2 and 4-6.
Can you give me more clear hint please ?

I had a look again real candles (not APB) really small. APB is misleading I always thought that small or big refers to APB candles ,this is my mistake isn't it ?.
Thank you.
  • #56,207
  • Apr 23, 2015 11:20pm Apr 23, 2015 11:20pm
Quoting ZeF
TMS Candle Color MTF in 3 versions (to suit most of us): Mid-screen full size and complete Time Frame per request TSS and others. Under the THV (where most EMA's are placed) - 2 versions, one of reduced TF (my favorite), and one full Time Frame. Enjoy! {image} {image} {image} {file} {file} {file}
What a great job you have done here in providing this indi to TMS , Thanks , time to place it on chart and see how it works
I Have Learned to Take Some Losses to Make Profits
  • #56,208
  • Edited Apr 24, 2015 3:16am Apr 23, 2015 11:38pm | Edited Apr 24, 2015 3:16am
Quoting emmanuel7788
{quote} Hi Phx62 and Big Eman! Excellent trades congrats. Both of u r using CM effecaciously with excellent results. Would u plz share CM and specifically its setting u r using? Regards,
Hi hsn, There is a pdf description which explains the THV Cavemanager trade manager EA. The features and setting options are there. THV Cavemanager EA Both the pdf description and EA in Post#30,032 If you have question on setting specific feature and exit according to your trade exit strategy, you can post here and I will help you with the actual settings. regards,[/quote]

Hi Big Emm! I've some problems with CM setting. At the moment, I'm using "ATR in SL-TP" as indicator on Daily charts as my trading plan. It's default settings are:
Period: 20
percent SL: 100
percent TP1: 50
percent TP2:200
i want to use CM with these settings with loss limit to minimum 8pips to protect my capital. Since i have just started TMS i'm using micro lot 0.01 to get a handle on the TMS good set up. Then i will do live experiment. Would u plz help me to apply these settings to CM. Can i PM u, u r senior most so needs ur permission.
Regards,
Winners Never Quit, Quitters Never Win
  • #56,209
  • Apr 24, 2015 12:13am Apr 24, 2015 12:13am
Hi Big Emm,


Why my chart doesn't receive THV Cavemanager? When I drag it on chart, THV doesn't show in upper right corner. Please help me to install it.

Thanks, Dan
  • #56,210
  • Apr 24, 2015 1:17am Apr 24, 2015 1:17am
Quoting Trader MT4
Hi Big Emm, Why my chart doesn't receive THV Cavemanager? When I drag it on chart, THV doesn't show in upper right corner. Please help me to install it. Thanks, Dan

Did you allow Automated trading?. Do that and restart MT4

 

  1. Post 55,743

Sad i'm not trying to understand PA
  • #56,211
  • Apr 24, 2015 1:26am Apr 24, 2015 1:26am
Quoting omonisha
{quote} Did you allow Automated trading?. Do that and restart MT4 Post 55,743
Hi Omonisha,
Yes I did that but nothing again
  • #56,212
  • Apr 24, 2015 1:39am Apr 24, 2015 1:39am
Quoting Trader MT4
Hi Big Emm, Why my chart doesn't receive THV Cavemanager? When I drag it on chart, THV doesn't show in upper right corner. Please help me to install it. Thanks, Dan
Have you put CM in the Experts folder not the Indicators folder.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #56,213
  • Apr 24, 2015 2:22am Apr 24, 2015 2:22am
Quoting ZeF
TRO MULTI METER CANDLE COLOR RE-CODING This indicator shows TF direction directly on your screen. Re-coded this widely circulated TRO meter: Hidden labels; Replaced bars with TF names so no cluttering on the screen anymore (got inspired by Phx62's templates)! Reduced M1 and M5 TF (hidden). Any suggestions welcomed. Read about TRO before using. {image} {image} {file} {file}
I stand to be corrected but from my experience its an indicator that just shows if the current candle on the different time frames is bearish or bullish. But like Zef said Read about TRO before using it.
  • #56,214
  • Apr 24, 2015 3:21am Apr 24, 2015 3:21am
Quoting Trader MT4
Hi Big Emm, Why my chart doesn't receive THV Cavemanager? When I drag it on chart, THV doesn't show in upper right corner. Please help me to install it. Thanks, Dan
Hi Trader MT4!
I have recently installed it on my mt4 platform. plz check the following: Copy THV CM from destination folder>open File menu of mt4>go to Open Data Folder>open MQL4 folder>open Expert folder>paste THV CM>then restart your MT4 platform. Hope this helps.
Regards,
Winners Never Quit, Quitters Never Win
  • #56,215
  • Apr 24, 2015 3:37am Apr 24, 2015 3:37am
G'day everyone

This is my 1st post here. I've been learning this method silently for a few months with lots of ups and downs. Special thanks to Big E for the simplicity of TMS method, and all the experienced traders here for the guidance. While doing investigations on my previous trades, I noticed one of my major problems is I always exited early sometimes at minimal profit or even loss / BE due to updates in realtime by TDI which indicated pullback. It's frustrating when after a while the price started to go back in your direction and shot up/down as predicted based on what I understood from PA and TDI method. Any advice on this is highly appreciated. Thanks.
  • #56,216
  • Apr 24, 2015 4:16am Apr 24, 2015 4:16am
Quoting ZeF
TMS Candle Color MTF in 3 versions (to suit most of us): Mid-screen full size and complete Time Frame per request TSS and others. Under the THV (where most EMA's are placed) - 2 versions, one of reduced TF (my favorite), and one full Time Frame. Enjoy! {image} {image} {image} {file} {file} {file}
Hey ZeF, thanks so much for recoding this indi, but I'm sorry was it just my imagination or was there a version of it where you could change the coordinates to move it higher or lower. You see, I have this and I'd like to have the TRO underneath it... I really suck at coding, I tried to recode the version you last uploaded but it did not take...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 13 KB
  • #56,217
  • Apr 24, 2015 4:29am Apr 24, 2015 4:29am
Quoting x3m-ed
G'day everyone This is my 1st post here. I've been learning this method silently for a few months with lots of ups and downs. Special thanks to Big E for the simplicity of TMS method, and all the experienced traders here for the guidance. While doing investigations on my previous trades, I noticed one of my major problems is I always exited early sometimes at minimal profit or even loss / BE due to updates in realtime by TDI which indicated pullback. It's frustrating when after a while the price started to go back in your direction and shot up/down...
Don't use a realtime TDI that updates with every tick, you will end up going mad if you abide by the realtime information it is giving you. Price will very often shoot against its initial direction due to profit taking at the beginning of a new candle, while the shortterm trend may still be intact. Not to mention the times it shows price has crossed in the middle of a candle, and by the time it closes it's gone the other way. Look at candles and TDI only once they close, i.e every hour or 4. Usually a manual exit is in order for me if the APB become smaller and smaller and stop making new highs or lows. Use the average range for the week, month, previous day to determine your targets, usually you're good for 40-50 pips on H1, on H4 you can reach up to 100-200, but it takes longer.
  • #56,218
  • Apr 24, 2015 4:41am Apr 24, 2015 4:41am
Quoting WDays
{quote} Don't use a realtime TDI that updates with every tick, you will end up going mad if you abide by the realtime information it is giving you. Price will very often shoot against its initial direction due to profit taking at the beginning of a new candle, while the shortterm trend may still be intact. Not to mention the times it shows price has crossed in the middle of a candle, and by the time it closes it's gone the other way. Look at candles and TDI only once they close, i.e every hour or 4. Usually a manual exit is in order for me if the...
Hey WDays, duly noted. Thanks a lot for the useful input!
  • #56,219
  • Apr 24, 2015 5:26am Apr 24, 2015 5:26am
Quoting TheScorpS
{quote} What a great job you have done here in providing this indi to TMS , Thanks , time to place it on chart and see how it works
giving something back for the many things you and others taught me here
Best regards, Zef
  • #56,220
  • Apr 24, 2015 5:29am Apr 24, 2015 5:29am
Quoting wnabo
{quote} I stand to be corrected but from my experience its an indicator that just shows if the current candle on the different time frames is bearish or bullish. But like Zef said Read about TRO before using it.
wnabo that's exactly what it is !
Best regards, Zef
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