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Speedometer (Points/Sec)

  • #41
  • May 5, 2015 2:21am May 5, 2015 2:21am
What I really like about this indicator it shows us the bulls and bears battle during the candle and you can see who is winning this help us scalp the market...
So far I am very impressed!!
  • #42
  • May 5, 2015 3:13am May 5, 2015 3:13am
Quoting LITEchild
{quote} ...Its not what you use. its how you use it... {image}
I'm watching the 1min EU too, but with default settings. Doesn't really show much detail. What settings are you using?
  • #43
  • May 5, 2015 3:15am May 5, 2015 3:15am
Quoting LITEchild
{quote} ...Its not what you use. its how you use it... {image}
Trading is the hardest way to make easy money...
  • #44
  • May 5, 2015 3:17am May 5, 2015 3:17am
Quoting josh11
What I really like about this indicator it shows us the bulls and bears battle during the candle and you can see who is winning this help us scalp the market... So far I am very impressed!!
I agree with you! I am doing some experiment with this indicator to scalp 1-2 pips on Tick charts...
Trading is the hardest way to make easy money...
  • #45
  • May 5, 2015 3:21am May 5, 2015 3:21am
Quoting Magix
{quote} Got 1.10 loaded, will watch over the next week... Looking good, so far, dude! I like the Histogram at the bottom, will definitely help with a visualization for future advances and possible additions to strategies. Killer!!
Thanks mate! I'll be waiting for your comments
Trading is the hardest way to make easy money...
  • #46
  • May 5, 2015 3:22am May 5, 2015 3:22am
i got 33,99,0.25,10.0
much better
0 fcks given
  • #47
  • May 5, 2015 3:22am May 5, 2015 3:22am
Quoting Anusragger
{quote} I'm watching the 1min EU too, but with default settings. Doesn't really show much detail. What settings are you using?
Is your broker a true ECN? Market maker brokers manipulate ticks which are delayed...
Trading is the hardest way to make easy money...
  • #48
  • May 5, 2015 3:25am May 5, 2015 3:25am
Quoting MathTrader7
{quote} Is your broker a true ECN? Market maker brokers manipulate ticks which are delayed...
I'm trying it on my other broker's demo now. That does seem to make a lot of difference! Thanks for pointing this out.
  • #49
  • May 5, 2015 3:26am May 5, 2015 3:26am
Quoting r4nd0m
i got 33,99,0.25,10.0 much better
eurusd
0 fcks given
  • #50
  • May 5, 2015 3:45am May 5, 2015 3:45am
thanks must try
Holy grail, pls pm
  • #51
  • Edited 5:38am May 5, 2015 5:21am | Edited 5:38am
Hi Math, I have been testing it, I think it would be nice if the highest value up or down leaves a mark on the speedometer while in the same candle. This way we could know who has pushed more. Another good adding could be a counter of pushes both ways with speed greater than some predefined value, for example the number of times bulls or bears pushed up with speed higher than 0.5.

My broker is ActiveTrades, and seems to have a little lag, but personally I don't care, maybe even it is good or an intended functionality.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 76 KB


Another from EURUSD

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 84 KB


Thank you for your effort, keep on track!
Live and Keep Calm
  • #52
  • May 5, 2015 6:00am May 5, 2015 6:00am
Quoting troneras
Hi Math, I have been testing it, I think it would be nice if the highest value up or down leaves a mark on the speedometer while in the same candle. This way we could know who has pushed more.
Another good adding could be a counter of pushes both ways with speed greater than some predefined value, for example the number of times bulls or bears pushed up with speed higher than 0.5.
Hi troneras, good ideas. I may implement them in the next versions. Thanks for testing the indicator and your comment
Trading is the hardest way to make easy money...
  • #53
  • May 5, 2015 6:28am May 5, 2015 6:28am
Quoting Anusragger
{quote} I'm watching the 1min EU too, but with default settings. Doesn't really show much detail. What settings are you using?
default settings
  • #54
  • May 5, 2015 6:31am May 5, 2015 6:31am
Quoting MathTrader7
{quote} Hi troneras, good ideas. I may implement them in the next versions. Thanks for testing the indicator and your comment
Anyway to get the indicator readings updated when I log on to MT4 without having to be on a VPS?
  • #55
  • May 5, 2015 6:45am May 5, 2015 6:45am
Quoting LITEchild
{quote} Anyway to get the indicator readings updated when I log on to MT4 without having to be on a VPS?
A possible solution is to save the histogram values (max/min speeds) into a file, and then when MT4 starts, reload the saved data into their corresponding bars. I may implement it in the next versions, but now my focus is on collecting data to see whether there exists a correlation between the speeds and the market direction...
Trading is the hardest way to make easy money...
  • #56
  • May 5, 2015 7:50am May 5, 2015 7:50am
Quoting MathTrader7
{quote}..but now my focus is on collecting data to see whether there exists a correlation between the speeds and the market direction...
You can bet your MT7 there is...especially in the really short term..huge part of many a prop trader's secret sauce.
  • #57
  • May 5, 2015 8:18am May 5, 2015 8:18am
I'm agree with Thoughts.
And for futur development you might compare the speeds between the pairs and the correlation between them.

But i think your tool is really really great for scalper like me.
Hope you can find some data too improve your fantastic tool MathTrader 7 !!!
Really enjoy it !
  • #58
  • May 5, 2015 8:37am May 5, 2015 8:37am
Quoting Thoughts
{quote}You can bet your MT7 there is...especially in the really short term..huge part of many a prop trader's secret sauce.
You are right! I just analyzed the data I started to collect from last night till an hour ago. For that data (which is not long enough I would say) there is a correlation between speed of the market and the direction it goes. My first hypothesis seems to be correct
Trading is the hardest way to make easy money...
  • #59
  • May 5, 2015 8:38am May 5, 2015 8:38am
Quoting Jb38
I'm agree with Thoughts. And for futur development you might compare the speeds between the pairs and the correlation between them. But i think your tool is really really great for scalper like me. Hope you can find some data too improve your fantastic tool MathTrader 7 !!! Really enjoy it !
Glad to hear that you found it useful in your scalping strategy.
There are many idea that I would like to implement...
Trading is the hardest way to make easy money...
  • #60
  • May 5, 2015 8:43am May 5, 2015 8:43am
Hi MathTrader,

What sort of control / object is that panel you are using for your gauge ?
Is that a new Object in MT5 ?
Would you share just that snipet of code on how to create it ?
I need to create a custom panel as a UI for an EA
Thanks,
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