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Volatility indicators (histogram version and alerts needed)

  • #61
  • Apr 24, 2015 8:21am Apr 24, 2015 8:21am
Quoting LITEchild
{quote} ... {image}
Thank you.

Keep up the good work.

D.
  • #62
  • Apr 25, 2015 6:45am Apr 25, 2015 6:45am
Quoting MathTrader7
{quote} I'm ready to write an EA out of your strategy :-) But when I read Post 32, there are statements that cannot be programmed into an EA, for example: "Study how price interacts during times of low and high volatility" follows by "Based on the above, trade or ignore certain breakouts" This is a human being ability/judgement to perform such study. Nonetheless, if you can express your strategy in logic/programming point of view, I, for sure, create an EA out of it. However, you are a very good scalper I would say
Quoting Akvisto
{quote} Yes LiteChild, MathTrader is right... i would think about the rules, when he is so kindly to offer you that he code you an EA... That is more than kindly from him... A coder needs always, exactly what to do...
Ok guys. before getting to the issue of EA logic and programming, can we code a few more indicators to reflect the rest of the filters I pay attention to? These will make it easier to check if the EA is trading according to specs, and also for manual trading. These are the Overall individual Currency Momentum and Strength indicators.
(The ones shown on the charts were tracked and drawn manually for illustration purposes)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 21 KB
Click to Enlarge Name: EURLFXM30.png Size: 39 KB
Click to Enlarge Name: USDLFXM30.png Size: 42 KB
  • #63
  • Apr 25, 2015 12:26pm Apr 25, 2015 12:26pm
LITEchild

Nice and clean.

The magenta line is recent. I am assuming you didn't draw that on the chart. Is that a PSAR variant, BBand stop or something similar? It appears to reflect the momentum piece of the equation - the EU momentum at least (opposite or near opposite for USD momentum in this example). A question re: momentum - is the green bar intended to show increase in momentum, regardless of whether its up or down? In other words would it be green for both EU and US because momentum is increasing (albeit EUR index going up and USD index going down)?

At this point I am missing where you are get the strength information from for the 2 bottom bars.

Cheers
  • #64
  • Apr 27, 2015 6:03am Apr 27, 2015 6:03am
LITEChild can you show your failed entries from today?

best regards
  • #65
  • Apr 27, 2015 6:59am Apr 27, 2015 6:59am
Quoting Mariodrugs
LITEChild can you show your failed entries from today? best regards
Here you go...as you can see, EU was completely against the rules. I was experimenting with some other stuff...

Enjoy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 42 KB
Click to Enlarge Name: GBPUSDM30.png Size: 37 KB
Click to Enlarge Name: USDCADM30.png Size: 44 KB
Click to Enlarge Name: AUDUSDM30.png Size: 41 KB
Click to Enlarge Name: NZDUSDM30.png Size: 46 KB
Click to Enlarge Name: USDJPYM30.png Size: 40 KB
Click to Enlarge Name: CADJPYM30.png Size: 47 KB
  • #66
  • Apr 28, 2015 9:34am Apr 28, 2015 9:34am
Hello,

Is the 'SCALP DELIGHT' account linked to this thread using your EA, or are you trading on this account manually using these indicators?

It has an awfully good profit ratio so far, but it does seem like it's on demo. It would be interesting to see how an EA coded to this would work live.
  • #67
  • Apr 28, 2015 10:04am Apr 28, 2015 10:04am
Quoting leancuisine
Is the 'SCALP DELIGHT' account linked to this thread
Yes.

Quoting leancuisine
using your EA
No.

Quoting leancuisine
are you trading on this account manually using these indicators?
Yes.

Quoting leancuisine
it does seem like it's on demo
Yes.

Quoting leancuisine
It would be interesting to see how an EA coded to this would work live.
Yes.
  • #68
  • Apr 28, 2015 10:15am Apr 28, 2015 10:15am
Sorry, I meant "For the" instead of the "Is the" that I typed.

I was trading yesterday a bit after market open with your indicator pack and got 20 pips over 7 trades in 45 minutes.

Thanks for your reply!
  • #69
  • Apr 28, 2015 10:56am Apr 28, 2015 10:56am
Quoting leancuisine
20 pips over 7 trades in 45 minutes.
Well done!
I am one of those who strongly believes ''Its not what you trade, but how you trade it!''
  • #70
  • Apr 29, 2015 5:53am Apr 29, 2015 5:53am
Quoting LITEchild
{quote} Well done! I am one of those who strongly believes ''Its not what you trade, but how you trade it!''
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 39 KB
  • #71
  • Apr 29, 2015 8:01am Apr 29, 2015 8:01am
...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 33 KB
Click to Enlarge Name: GBPUSDM30.png Size: 37 KB
Click to Enlarge Name: EURJPYM30.png Size: 31 KB
Click to Enlarge Name: GBPJPYM30.png Size: 32 KB
  • #72
  • Apr 29, 2015 8:10am Apr 29, 2015 8:10am
Quoting LITEchild
... {image} {image} {image} {image}
  • #73
  • Edited 8:35am Apr 29, 2015 8:16am | Edited 8:35am
Quoting Akvisto
{quote}
Fundamentals helped. Tnx again for the VQ bars indicator. I love it!!!
  • #74
  • Apr 29, 2015 8:17am Apr 29, 2015 8:17am
Quoting LITEchild
... {image} {image} {image} {image}
A very good job my friend!
Trading is the hardest way to make easy money...
  • #75
  • Apr 29, 2015 8:23am Apr 29, 2015 8:23am
Quoting LITEchild
{quote} Fundamentals helped. Tnx.
Dude, you are really rocking this
Best, Josh
  • #76
  • Apr 29, 2015 8:32am Apr 29, 2015 8:32am
Quoting MathTrader7
{quote} A very good job my friend!
Thank you MT7! Your coding on the Chaikin Histo is proving invaluable. Tnx. It would be marvelous if you could help with the Currency Volatility and Strength Histogram.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 23 KB
  • #77
  • Apr 29, 2015 8:33am Apr 29, 2015 8:33am
Quoting JoshuaHope
{quote} Dude, you are really rocking this Best, Josh
lol. Tnx Josh.
  • #78
  • Apr 29, 2015 8:35am Apr 29, 2015 8:35am
Quoting LITEchild
{quote} Thank you MT7! Your coding on the Chaikin Histo is proving invaluable. Tnx. It would be marvelous if you could help with the Currency Volatility and Strength Histogram. {image}
You're welcome! :-)
I just don't know what you want me to do ;-) The indicators are already there, on your chart. Please explain what you need, and I'll try to implement it.
Trading is the hardest way to make easy money...
  • #79
  • Apr 29, 2015 8:50am Apr 29, 2015 8:50am
Quoting MathTrader7
{quote} You're welcome! :-) I just don't know what you want me to do ;-) The indicators are already there, on your chart. Please explain what you need, and I'll try to implement it.
Oh! Sorry for the confusion! The Histograms shown on the charts were hand drawn manually!!! Very tedious and tiring! That way I dont have to keep refering to the Volatility and Strength Chart setups to know what is going on. The Volatility readings are taken from the SuperTrend indicator reading on the corresponding Currency Index Charts. The challenge is that only few brokers offer indexes for the major currencies. I am using LITEFOREX index charts at the moment.
The alternative would be to build the indexes as offline charts and then apply the SuperTrend to that. I am not sure sure if that would be an elegant solution. Period/Multiplier Settings for the SuperTrend is 48/3 on M30 TFs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURLFXM30.png Size: 33 KB
Click to Enlarge Name: USDLFXM30.png Size: 33 KB
  • #80
  • Apr 29, 2015 8:59am Apr 29, 2015 8:59am
Quoting LITEchild
{quote} Oh! Sorry for the confusion! The Histograms shown on the charts were hand drawn manually!!! Very tedious and tiring! That way I dont have to keep refering to the Volatility and Strength Chart setups to know what is going on. The Volatility readings are taken from the SuperTrend indicator reading on the corresponding Currency Index Charts. The challenge is that only few brokers offer indexes for the major currencies. I am using LITEFOREX index charts at the moment. The alternative would be to build the indexes as offline charts and then apply...
So, I think I need to write an EA to create USDLFX and EURLFX offline charts. Then, I apply SuperTrend indicator on them. I see two histogram that you hand drawn them: Strength and Volatility. So, tell me what is the formula for strength and volatility based on the values we read from SuperTrend indicator applied to USDLFX and EURLFX?

For volatility, I guess if SuperTrend is going down, the indicator draws RED histo-bar, and a GREEN if it goes up, right?
Trading is the hardest way to make easy money...
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