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MADdash (Moving Average Distance)

  • #541
  • Jul 21, 2015 1:03pm Jul 21, 2015 1:03pm
This indicator is hardcoded for GBPUSD. Only important thing is calculation method.

I use 24 and 48 for MAs. You can use others combinations.

I use 2 NonLagsMa for every TF calculation. Direction is valid only if both MAs have same direction ( this filter fakes ).

Rules:

1) Currency Values ( left and right ) are 7 to -7. Sum values ( middle value ) are 14 to -14.
2) Sum values:
4 to 7 / -4 to -7 are strong direction.
8 to 14 / -8 to -14 are confirmed direction.
3) In addition to above, if currency values are 6/7 or -6/-7 trend is breakout or very strong.

A better idea:

I think if you use this rules for know trend force and MAs with nonlag to calculate distance for confirmation ( like your dashboard ) you have better and fast signals.

A example:

If you have bullish move with 1M/5M/15M TF with +7 ( sum values ) and you have distance crosses in green ( not important distance value, only cross above MAs ), you have buy confirmation. You can think if price cross MA and both MAs are in same direction movement is safe.

PS: As non lag crosses with price always are closer to place where price do reverse, then you reduce crosses lag in normal MAs.
Attached File(s)
File Type: mq4 STRENGTH.mq4   5 KB | 1,082 downloads
File Type: mq4 NonLag ma nrp 2 nmc (1).mq4   7 KB | 913 downloads
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  • #542
  • Jul 21, 2015 3:29pm Jul 21, 2015 3:29pm
Hi braintheboss

Thank you for your share. I have a bit of hard time understanding the indicator "Strength" as you have explained as to how to read what the numbers are saying (I am a bit slow... sorry ). Can you please explain it a bit more and or give a link for further explanation and use.

What TF chart do you put the indicators on? Can you please post a screenshot?

Thanks again.
  • #543
  • Edited 4:48pm Jul 21, 2015 4:20pm | Edited 4:48pm
Quoting hashzar
Hi braintheboss Thank you for your share. I have a bit of hard time understanding the indicator "Strength" as you have explained as to how to read what the numbers are saying (I am a bit slow... sorry ). Can you please explain it a bit more and or give a link for further explanation and use. What TF chart do you put the indicators on? Can you please post a screenshot? Thanks again.
I will try explain better.

Dont use chart TF. It's like MADdash but only for gbpusd ( i only use that currency ). Indicator read all gbp and USD crosses in 2 groups TFs. I normally use M1/M5/M15 but you can select high group or see both ( 6 TFs ).

Left indicator numbers are strength in gbp. Right numbers are USD. Center numbers are sum of gbp and USD crosses.

Numbers are easy. You have 7 crosses for gbp and 7 for USD. Strengh is calculated reading current MAs direction in every cross and TFs. I use nonlagMA because is more useful use direction than distance from price.
You make sum of every cross in same TF. But you use 2 different MAs length for know direction. If both MAs are uping value is 1. If MAs are downing is -1. If MAs have diferent directions is 0.

Then if you have in M1 this values:
Gbp 4 < x > 3 USD
means GBP have 4 crosses uping and 3 downing. USD 3 crosses uping and 4 downing and value x is sum of both.

And how read it is simple. If you have in one TF gbp 7 and USD -7, your strength is 14 and you have gbp very bullish while usd is downing very much. If you have same in all TFs you have clear trend.
If you have less strengh, then move is less strong. Range values are for observation. Range values -3 to 3 in strength are neutral. If you have 7+ strength and one currency ( gbp or USD) with 6/7 crosses in same direction then you have a safe movement in that direction. Always is better have 7 strength with all currency crosses in same direction than 10 strength with more neutral crosses directions ( less 6 crosses in same direction).

Tomorrow if you don't understand it fine i will put image.

PS: I think than use nonlagMa in this way can give interesting behaviour to MADdash indicator.
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  • #544
  • Jul 21, 2015 5:36pm Jul 21, 2015 5:36pm
Nothing shows up on my chart?
  • #545
  • Jul 22, 2015 4:49am Jul 22, 2015 4:49am
Quoting braintheboss
{quote} I will try explain better. Dont use chart TF. It's like MADdash but only for gbpusd ( i only use that currency ). Indicator read all gbp and USD crosses in 2 groups TFs. I normally use M1/M5/M15 but you can select high group or see both ( 6 TFs ). Left indicator numbers are strength in gbp. Right numbers are USD. Center numbers are sum of gbp and USD crosses. Numbers are easy. You have 7 crosses for gbp and 7 for USD. Strengh is calculated reading current MAs direction in every cross and TFs. I use nonlagMA because is more useful use direction...
Hi Braintheboss,

the Strength indicator is not showing anything on the chart

Best regards
  • #546
  • Jul 22, 2015 4:56am Jul 22, 2015 4:56am
Quoting htawfik
{quote} Hi Braintheboss, the Strength indicator is not showing anything on the chart Best regards
Its weird. If you have many bars in terminal options, is slow because have calculate 14 MAs crosses 2 times in every TF ( 2 MAs for TF ). You have error in expert tab?

PS: Ok. You have change indicator settings. Put "window" setting to 0
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla (22).png Size: 51 KB
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  • #547
  • Jul 22, 2015 5:00am Jul 22, 2015 5:00am
Quoting braintheboss
{quote} Its weird. If you have many bars in terminal options, is slow because have calculate 14 MAs crosses 2 times in every TF ( 2 MAs for TF ). You have error in expert tab?
No error at all, and i have 10000 bars at the terminal options.
my MT4 is build 840, i am not sure if this is related.
  • #548
  • Jul 22, 2015 5:04am Jul 22, 2015 5:04am
Quoting htawfik
{quote} No error at all, and i have 10000 bars at the terminal options. my MT4 is build 840, i am not sure if this is related.
Put indicator "window" setting to 0. For default is subwindow 1.
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  • #549
  • Jul 22, 2015 5:14am Jul 22, 2015 5:14am
Quoting braintheboss
{quote} Put indicator "window" setting to 0. For default is subwindow 1.
Many thanks, it is working now

Best regards,
  • #550
  • Jul 22, 2015 5:24am Jul 22, 2015 5:24am
Trade taken according to MADDASH Momentum

GBPCAD +24 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM1.1.png Size: 27 KB


MADDASH showed a best strenght for these currencies

Attached Image (click to enlarge)
Click to Enlarge Name: MADDASH - Kopia.png Size: 66 KB


Regards, Michael
Aggressive, High Risk, High Gain, High Accuracy
  • #551
  • Jul 22, 2015 5:31am Jul 22, 2015 5:31am
Thanks braintheboss, can you please post a screenshot of all the indicators you use to trade. This would be very helpful. And thanks for the detailed explanation of Strength indi.
  • #552
  • Jul 22, 2015 5:46am Jul 22, 2015 5:46am
Quoting hashzar
Thanks braintheboss, can you please post a screenshot of all the indicators you use to trade. This would be very helpful. And thanks for the detailed explanation of Strength indi.
Really i dont have special indicators. I use stoch and rsi in some TFs. But im more interested if MADdash can improve changing method calculation. I think can be very good tool if we can remove some lag and do signal section more effective.
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  • #553
  • Jul 22, 2015 1:03pm Jul 22, 2015 1:03pm
Quoting pretorian1
Trade taken according to MADDASH Momentum GBPCAD +24 pips {image} MADDASH showed a best strenght for these currencies {image} Regards, Michael

Good job Michael

And I think traders who are hung up on lagging indicator should learn from this and make what they can of the indicator as all indicators but price lag. This is why I explained how I turn my lagging MAs into leading MAs when price falls behind/above them in a pullback and enter on trend resumption. A lot of traders downloading the MADdash do not seem to understand its use. Please read post 4 again and note that it is not a trading system but an entry and trade management tool that can be used to identify the strongest and weakest currency groups to give us a slight edge in this dog eat dog business.

I am a scalper but trying to migrate to the next TF for bigger wins but meanwhile the strategy works for me as 20 - 30 pips per day is all I need and if the market gives more, I'll be happy. This is my result for today for a 14.5% return for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Detail 1 - 7222015.gif Size: 13 KB
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  • #554
  • Jul 22, 2015 2:02pm Jul 22, 2015 2:02pm
I think nobody think MADdash as main indicator for entry/exits. But problem is when you have confirmation ( blocks in same ) its too risk for entry or you have do short operations because almost movement happened. And more in low liquidity like summer. Reduce lag and reduce sensibility in pullbacks without loose response never is bad thing. But is not my indicator. I only ask if you can try this method in MADdash for see if better it. Only that

PS: Correlations with PA are very good way for anticipate movements. With MADdash you can centralize curencies correlation ( that is great ) but i think still can be improve a lot.
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  • #555
  • Jul 22, 2015 2:19pm Jul 22, 2015 2:19pm
Quoting braintheboss
I think nobody think MADdash as main indicator for entry/exits. But problem is when you have confirmation ( blocks in same ) its too risk for entry or you have do short operations because almost movement happened. And more in low liquidity like summer. Reduce lag and reduce sensibility in pullbacks without loose response never is bad thing. But is not my indicator. I only ask if you can try this method in MADdash for see if better it. Only that PS: Correlations with PA are very good way for anticipate movements. With MADdash you can centralize...

Thanks for your experience and idea my friend but like you see from some results, it is working for some of us the way it is, summer or winter, lagging or non lagging. Price has been all over the place lately, moving 100 pips and reversing itself, so no one knows what price will do. I am not the coder and like I said, if Andrew thinks your idea is viable, I am sure he will incorporate into the next version. For me, I have played with other ideas and have found the default setting best and reverted to 35 - 37 MA for stability of the HTF to predict HTF strength and weakness.

Shalom
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  • #556
  • Jul 22, 2015 6:30pm Jul 22, 2015 6:30pm
Quoting 919gilead
{quote} Good job Michael And I think traders who are hung up on lagging indicator should learn from this and make what they can of the indicator as all indicators but price lag. This is why I explained how I turn my lagging MAs into leading MAs when price falls behind/above them in a pullback and enter on trend resumption. A lot of traders downloading the MADdash do not seem to understand its use. Please read post 4 again and note that it is not a trading system but an entry and trade management tool that can be used to identify the strongest...
Thank you
I must say that I'm using "lagging indicator" as a "leading indicator" from more than 1 year. Of course I'm using different settings of MA from you (the mine personal ones - i have played a lot of time with the settings, before i scored it). But the idea is perfect and I'm very glad that there is somebody else who is using lagging indicator as a leading one. Especially in an established M1 trends. For me is the best method, with more than 95% rate of success from the last 1,5 year. I wait for a bigger move, checking if M1 micro trend is established, waiting for pullback and entry! Just that simple! In the last 1,5 year it has a higher success rate for me than any other system, even Babon or Hunter or any other. And thanks to MADDash we can choose the best pair and best currency for the current moment. Before that i was trading only 6 currency pairs, but now i can trade all of them and wait for a best opportunity! And if i check MADDash and if chosen currencies shows best strenght/weakness - it is additional confirmation for me to take a great entry!

PS. Congratulations on your results!

Regards, Michael
Aggressive, High Risk, High Gain, High Accuracy
  • #557
  • Jul 22, 2015 7:46pm Jul 22, 2015 7:46pm
Quoting pretorian1
{quote} Thank you I must say that I'm using "lagging indicator" as a "leading indicator" from more than 1 year. Of course I'm using different settings of MA from you (the mine personal ones - i have played a lot of time with the settings, before i scored it). But the idea is perfect and I'm very glad that there is somebody else who is using lagging indicator as a leading one. Especially in an established M1 trends. For me is the best method, with more than 95% rate of success from the last 1,5 year. I wait for a bigger move, checking...
Hi Pretorian,
thank you for sharing with us your experience with lagging indicator, i would like to know what you mean by making the lagging indicator as leading indicator. can you let me know any source of information to read about that.

also kindly if possible, would you please share with us your MA setting or at least let us know the method that we can use to come up with the best setup for MA.

Best regards,
  • #558
  • Edited 9:18pm Jul 22, 2015 7:53pm | Edited 9:18pm
Quoting hashzar
Thanks braintheboss, can you please post a screenshot of all the indicators you use to trade. This would be very helpful. And thanks for the detailed explanation of Strength indi.
I think he puts the non lag indi two times---- here is mine 25ma and 50ma This indi works on whatever TF you have open.. I set TF in the STRENGTH indi (which does not change data if you change your TF) to 15 to REDUCE the data flow to 15m 5m 1m ..Keeping it simple for my tiny brain :nerd:..

Question for Braintheboss ? do you take a trade after both MA change color.- OR both color change after a MAs cross? --.STrENGTH +7 or more.-7 or more with colors same..? Thankx and GL..ALL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB
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  • #559
  • Edited 9:29pm Jul 22, 2015 9:16pm | Edited 9:29pm
HI Gilead,

thanks for the wonderful dashboard.

I am not too sure if there are some bugs on some of the pairs as the numbers seems a little odd.

GBPCHF, EURCAD, CADCHF and a few others as in the TF boxes. Your kind advise please.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADMonthly.png Size: 141 KB
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  • #560
  • Jul 22, 2015 9:18pm Jul 22, 2015 9:18pm
Quoting pretorian1
{quote} Thank you I must say that I'm using "lagging indicator" as a "leading indicator" from more than 1 year. Of course I'm using different settings of MA from you (the mine personal ones - i have played a lot of time with the settings, before i scored it). But the idea is perfect and I'm very glad that there is somebody else who is using lagging indicator as a leading one. Especially in an established M1 trends. For me is the best method, with more than 95% rate of success from the last 1,5 year. I wait for a bigger move, checking...

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