MADdash (Moving Average Distance) | Page 24 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Histogram idea for using MADDash indicator 16 replies

Indicator -distance between MAs 16 replies

Simple Moving Average Vs. Moving Average? 8 replies

Does Moving average actually act as moving S/R ?? 20 replies

How to know the Minimum Distance? 1 reply

Attachments: MADdash (Moving Average Distance)
Exit Attachments

MADdash (Moving Average Distance)

  • #461
  • Jul 15, 2015 7:23am Jul 15, 2015 7:23am
Great Work honestknave

New version working perfectly without any problem with fxcm. I would like to see whole picture in one place from M1 to D1. Idea is once smaller tf align with larger tf then go for it. Right now i have to open two instances of your indicator in order to see M1 to D1. Is that possible to have two more TFs Column if its only matter of running for loop twice more please?

Again thanks for sharing your hard work
-AK
Attached Image
Be Greedy
Dices Return This Week: na
  • #462
  • Jul 15, 2015 9:21am Jul 15, 2015 9:21am
Hello, great indicator. Can someone explain how the derived values are calculated? Thank you.
  • #463
  • Jul 15, 2015 11:07am Jul 15, 2015 11:07am
madash signals (m5 to D) in combination with trade manager

Attached Image


automated SL 2x atr m15 + TP 3x atr
automated half profit at 20 pip + BE 5 pip

Attached Image (click to enlarge)
Click to Enlarge Name: 7wmDa0h.png Size: 45 KB


very good system
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #464
  • Jul 15, 2015 11:19am Jul 15, 2015 11:19am
Quoting AKCodingEye
Great Work honestknave New version working perfectly without any problem with fxcm. I would like to see whole picture in one place from M1 to D1. Idea is once smaller tf align with larger tf then go for it. Right now i have to open two instances of your indicator in order to see M1 to D1. Is that possible to have two more TFs Column if its only matter of running for loop twice more please? Again thanks for sharing your hard work -AK {image}
take out m30, its not needed. If you scalp you don't need daily then go for m1 m5 m15 h1 h4.
I use m5 m15 h1 h4 D
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #465
  • Jul 15, 2015 11:28am Jul 15, 2015 11:28am
Quoting Bernhard
madash signals (m5 to D) in combination with trade manager {image} automated SL 2x atr m15 + TP 3x atr automated half profit at 20 pip + BE 5 pip {image} very good system
nice results Bernhard, Is that trade manager an EA? Is that ok to share that EA please?
  • #466
  • Jul 15, 2015 1:51pm Jul 15, 2015 1:51pm
Quoting AKCodingEye
Great Work honestknave New version working perfectly without any problem with fxcm. I would like to see whole picture in one place from M1 to D1. Idea is once smaller tf align with larger tf then go for it. Right now i have to open two instances of your indicator in order to see M1 to D1. Is that possible to have two more TFs Column if its only matter of running for loop twice more please? Again thanks for sharing your hard work -AK {image}
Hello AKCodingEye,

Oddly enough, most of the headache is not actually crunching the numbers but sorting out the auto-alignment

I am concerned with the memory overheads of MADdash, particularly if we up the column count by 40% and we start going down the route of iATR.

Nevertheless, I will look if it can be easily accomplished.
  • #467
  • Jul 15, 2015 1:51pm Jul 15, 2015 1:51pm
Quoting Bernhard
madash signals (m5 to D) in combination with trade manager {image} automated SL 2x atr m15 + TP 3x atr automated half profit at 20 pip + BE 5 pip {image} very good system
Nice results Bernhard, well done
  • #468
  • Jul 15, 2015 2:29pm Jul 15, 2015 2:29pm
Quoting tradeforlife
{quote} nice results Bernhard, Is that trade manager an EA? Is that ok to share that EA please?
I don't remember from where I got it. Do not trade any other products as the 28 fx. I got a horrible loop because I had jp225. It attempted to close half of a lot and its the minimum size of the broker. If anybody understand the option of hedge how it works and explane it for me I would like to a test.

Nice with madash. just pull the trade and forget
But I do not always trade instantly. Depending of chart I may do limit or stop order or both. As soon the order is triggered the EA take care.
Attached File(s)
File Type: mq4 Multi-purpose trade manager_6xx.mq4   120 KB | 1,023 downloads
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #469
  • Jul 15, 2015 3:17pm Jul 15, 2015 3:17pm
Quoting honestknave
{quote} Hello AKCodingEye, Oddly enough, most of the headache is not actually crunching the numbers but sorting out the auto-alignment I am concerned with the memory overheads of MADdash, particularly if we up the column count by 40% and we start going down the route of iATR. Nevertheless, I will look if it can be easily accomplished.
no, please don't make it more cpu or memory hungry. If it gets laggy we cant trade it anymore
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #470
  • Jul 15, 2015 3:18pm Jul 15, 2015 3:18pm
Quoting zlamp
Hello, great indicator. Can someone explain how the derived values are calculated? Thank you.
Hello zlamp,

Perhaps this will help. Please let me know if you need any further clarification
Attached Image (click to enlarge)
Click to Enlarge Name: derived.png Size: 22 KB
  • #471
  • Jul 15, 2015 3:32pm Jul 15, 2015 3:32pm
Quoting rapidedward
Just read thread from beginning to end. Have successfully loaded the indicator and look forward to testing it. Thank you to both honestknave and 919gilead for your generosity in sharing this indicator. Rapid.

You're welcome Edward and trust you find good use for it. Honestknave has done a great job giving us different variation of the dashboard to mess around and play with.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #472
  • Jul 15, 2015 3:33pm Jul 15, 2015 3:33pm
Quoting pipdripper
{quote} A beg o! It is their APC government ooohh! If anybody was against the APC campaign to the last minute, that would be me. All the same, for the sake of peace and continuity of the entity called Nigeria, we pray that they should resolve their differences and settle down to real governance. Hope you are feeling much better now. Take care my brother!

Thank you my brother, I am much more better. APC is the party in govt now, so we'll be praying for them.

Cheers
Low Risk Low Stress High Reward High Probability Trades
  • #473
  • Jul 15, 2015 3:33pm Jul 15, 2015 3:33pm
Version 1.15

You can now choose to have the pip distance made into a function of ATR (rather than being raw pips).

If you select "ATR" as the calculation method, the formula is: distance from the MA in pips ÷ ATR

At the moment, a single ATR is used for all timeframes in an effort to keep the overheads to a minimum.
If this proves to be a problem, I will code in an option to set a different ATR for each of the 5 timeframes.
Attached Image (click to enlarge)
Click to Enlarge Name: atr.png Size: 86 KB
Attached File(s)
File Type: ex4 MADdash.ex4   122 KB | 420 downloads
  • #474
  • Jul 15, 2015 3:36pm Jul 15, 2015 3:36pm
Quoting Bernhard
madash signals (m5 to D) in combination with trade manager {image} automated SL 2x atr m15 + TP 3x atr automated half profit at 20 pip + BE 5 pip {image} very good system
Nice result Bernhard
Low Risk Low Stress High Reward High Probability Trades
  • #475
  • Jul 15, 2015 3:49pm Jul 15, 2015 3:49pm
Quoting Bernhard
{quote} no, please don't make it more cpu or memory hungry. If it gets laggy we cant trade it anymore
Don't worry Bernhard, I keep a very close eye on the efficiency of the code.

It's a hobby horse of mine... I really should get out more

The "full fat" setup of version 1.15 takes ~0.003 seconds to run a loop on my computer (my computer is nothing special).

So on the default 1 second timer, there should be no problems at all (although everyone's mileage will vary). If things slow down, drop the max bars in chart back or lengthen the update interval.

If I code in more timeframes, I will make sure they can be disabled to reduce the overheads for people who don't need them.
My main concern is that people won't read my warnings and then complain that MADdash is slow and laggy
  • #476
  • Edited 5:22pm Jul 15, 2015 4:37pm | Edited 5:22pm
First let me seek Honestknave's permission and indulgence to post this request here

I want to relieve Andrew of additional coding work and will appreciate if any coder can help with another naughty idea I have and if such indicator already exist, please point me in the right direction.

I am looking for a simple vertical dashboard as enclosed below, with user option to select the time frames but default will be H1, H4 and D1 for the top 10 - 15 moving currency pairs of every 4 Hour/Hour. By H1, H4 and D1, I mean how many pips each pair has moved in the last one hour, 4 hours and on the day. I want the currency pairs ranked by H4 pip movement and the hourly and daily will just be beside it. It will be preferable if each group have the same color for all currency pairs, meaning the base currency takes precedence over the quote currency.

Font re-sizing and alert options will be great to have and as follows:

  1. new alerts @ new high/low first on the H4 and then on the H1 when no new high/low on the H4
  2. user option to turn on/off
  3. email notification

Something like this

Attached Image



This will be complimentary to any CSM we use as it will alert us to ONLY pairs moving or making new highs/lows, every hour and 4 hours (or time frame chosen by user).

Thank you in advance

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #477
  • Edited 5:42pm Jul 15, 2015 4:46pm | Edited 5:42pm
Quoting honestknave
Version 1.15 You can now choose to have the pip distance made into a function of ATR (rather than being raw pips). If you select "ATR" as the calculation method, the formula is: distance from the MA in pips ATR At the moment, a single ATR is used for all timeframes in an effort to keep the overheads to a minimum. If this proves to be a problem, I will code in an option to set a different ATR for each of the 5 timeframes. {image} {file}
Wow, thank you so very much for doing this!
You said the calculation is distance from the MA in pips / ATR. You should then divide by 100 to get a %.


Can you please explain, how is the actual MA distance calculated? I ask because a user only has the option of entering a single MA period (per timeframe). For there to be a distance you would need two MA periods..? Are you using a period of 1 to measure against?

Assuming you are using a period of 1, the calculation should be:

([period 1]MA - [user defined period]MA / iATR)*100. No need to convert to pips.
Possibly then limit to 1 decimal place.

As we are only talking about decimal places here I guess this wont have any effect on the final output on the top right hand side of the dashboard. ?

Great stuff!!!!

Edit:

Sorry I was looking at the Standard calculation before. (which seems to work fine, even though some of the values seem odd).
When I change to ATR calculation all I get is as per the screen shot below. Thanks.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 559 KB
What's it all about? It's all about money.
  • #478
  • Edited 6:12pm Jul 15, 2015 5:58pm | Edited 6:12pm
Quoting Innate
{quote} Wow, thank you so very much for doing this! You said the calculation is distance from the MA in pips / ATR. You should then divide by 100 to get a %.
Code was doing it by 10 rather than 100, so my bad! Long day

Quote
Can you please explain, how is the actual MA distance calculated? I ask because a user only has the option of entering a single MA period (per timeframe). For there to be a distance you would need two MA periods..? Are you using a period of 1 to measure against? Assuming you are using a period of 1, the calculation should be: ([period 1]MA - [user defined period]MA / iATR)*100. No need to convert to pips. Possibly then limit to 1 decimal place. Great stuff!!!!
MADdash looks at price's distance from the the MA, not a difference between MAs.

Edit: Version 1.16 removed (hopefully before too many people downloaded it!)
  • #479
  • Edited 6:10pm Jul 15, 2015 5:59pm | Edited 6:10pm
Quoting Innate
Edit: Sorry I was looking at the Standard calculation before. (which seems to work fine, even though some of the values seem odd). When I change to ATR calculation all I get is as per the screen shot below. Thanks. {image}
That doesn't look good!
Can you check you Expert's log please... must be a zero divide error in there.

Edit: nevermind, I think I caught it. Try version 1.17
  • #480
  • Jul 15, 2015 6:05pm Jul 15, 2015 6:05pm
Version 1.17

Bug fix: Display for ATR calculation method
Bug fix: Potential zero divide error in ATR calculation method
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY-sbM1.png Size: 164 KB


You intrepid forward testers will have to play around with the alert settings, as we have a case of apple and pears now
Attached File(s)
File Type: ex4 MADdash.ex4   123 KB | 628 downloads
2 traders viewing now