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MADdash (Moving Average Distance)

  • #881
  • Oct 8, 2015 5:32am Oct 8, 2015 5:32am
timeframe groups all to true?


Quoting Drona
Honestknave, This is a fab indicator indeed! Thank you. Is there a possibility to modifying one of the alert options your have - currently capable of comparing Time Frame 1 & 2, to one where I can pick my own timeframes? So for example, I can display all the timeframes from M1 to H4, but only one to compare H1 & H4. Thanks a bundle
  • #882
  • Oct 8, 2015 6:10am Oct 8, 2015 6:10am
Quoting Drona
Honestknave, This is a fab indicator indeed! Thank you. Is there a possibility to modifying one of the alert options your have - currently capable of comparing Time Frame 1 & 2, to one where I can pick my own timeframes? So for example, I can display all the timeframes from M1 to H4, but only one to compare H1 & H4. Thanks a bundle
That feature is already possible. Just change TF1 and TF2 to that.
  • #883
  • Oct 9, 2015 6:50am Oct 9, 2015 6:50am
Honestknave thank you again for coding my small requests. No what I ask is not a small request but it can be a big advantage.

Its all about the GAP.
theoretical its here
and here

So is our MA weakening or strengthening or flat in the last period of time?
In our case the period could be a x-number (user input?) of the TF m1, m5, m15... to W1
or in other words is our MA rising, flat or falling?

I would say only the last row of the block, so USD, JPY.... showing a small arrow up or down or flat like that
(sorry bad graphic) so 3 options, up, flat, down
Attached Image


This give us important trade information.
if we like sell USD and arrow is down on red block its sell entry, bears getting stronger
if we like sell USD and arrow is up on red block its on hold, bears getting weaker.
Very often the GAP is more important then the currency strength on its own.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #884
  • Edited Oct 10, 2015 2:09am Oct 9, 2015 6:07pm | Edited Oct 10, 2015 2:09am
Hello Honestknave,919gilead and all

Thank you for awesome tool.
First of all sorry for my English it is not my first language.
I would like to share how to use MAD Dash for trade pullback.
I've got an idea from here http://www.dailyfx.com/forex/educati...hart-Tool.html

Finding Trading Opportunities

So what can we do with this information? I use it to identify pullbacks against a longer term trend that look to be turning back in the direction of the original trend. In simpler terms, I look for a wrinkle across all three time frames where H1 and D1 are in alignment, but the H4 is moving the opposite direction. This creates a situation where the long term trend has a medium term pullback and the short term is showing price returning back in the direction of the long term trend. At the time this article was written, the AUDJPY was a great example of a pullback identified by the Moving Average Dashboard.

The D1 has a green arrow, meaning we are in a long term uptrend. The H4 has a red arrow, meaning we are in a medium term downtrend (pullback). The H1 has a green arrow, which means the AUDJPY could be recovering from the pullback and is beginning to move back in the direction of the long term trend. This would be a textbook time to buy in the direction of the trend.

Learn Forex: Buy Trade Setup - Using Pivot Level Range Trading
Attached Image (click to enlarge)
Click to Enlarge Name: pullback0.png Size: 344 KB

https://media.dailyfx.com/illustrati..._Picture_1.png

Once the trade is placed, we can use stops and limits based on support or resistance levels, or we can place amore intelligent trailing stop.


Finally,it would be greatly appreciated if you could help us to code signal and alerting as follows:

Buy signal :
1. Block 1-3(H1) are green,
2. Block 4(H4) is red and the value below -5
3. Block 4-7(D1) are green

Sell signal :
1. Block(H1) 1-3 are red,
2. Block 4(H4) is green and the value above +5
3. Block 4-7(D1) are red

Thanks in advance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pullback1.png Size: 141 KB
Click to Enlarge Name: pullback.png Size: 26 KB
  • #885
  • Oct 10, 2015 4:02am Oct 10, 2015 4:02am
Quoting Bernhard
Honestknave thank you again for coding my small requests. No what I ask is not a small request but it can be a big advantage. Its all about the GAP. theoretical its here and here So is our MA weakening or strengthening or flat in the last period of time? In our case the period could be a x-number (user input?) of the TF m1, m5, m15... to W1 or in other words is our MA rising, flat or falling?...
very good idea...I had requested this issue also.
  • #886
  • Oct 10, 2015 1:37pm Oct 10, 2015 1:37pm
Quoting Adhipfx
Hello Honestknave,919gilead and all Thank you for awesome tool. First of all sorry for my English it is not my first language. I would like to share how to use MAD Dash for trade pullback. Thanks in advance {image} {image}
This was posted here multiple times and is not new technique. Still we do this in smaller TFs. Just read back.
But good post.

By the way if h4 is ONLY red -5 I suspect it is going to be soon green. That's what we call the GAP, a up arrow would confirm.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #887
  • Oct 11, 2015 1:24am Oct 11, 2015 1:24am
Hi maflip,

Thanks for your reply. I'm aware of the TF1/TF2 alert. But, that would mean if I was interested in viewing all the TF in proper ascending sequence - M1 M5 M15 M30 H1 H4 D1, but was interested in an alert based only on say H1 & H4, I'd have to put it as H1 (TF1), H4 (TF2), M1 M5 M15, M30, D1.

That would not be ideal.

Quoting maflip
{quote} That feature is already possible. Just change TF1 and TF2 to that.
  • #888
  • Oct 11, 2015 7:38am Oct 11, 2015 7:38am
Quoting Bernhard
{quote} This was posted here multiple times and is not new technique. Still we do this in smaller TFs. Just read back. But good post. By the way if h4 is ONLY red -5 I suspect it is going to be soon green. That's what we call the GAP, a up arrow would confirm.
thank you bernhard
we try to develop and use MAD dash many ways but our problem is honestknave he didn't check-in lately lol
  • #889
  • Oct 11, 2015 8:27am Oct 11, 2015 8:27am
Quoting Drona
Hi maflip, Thanks for your reply. I'm aware of the TF1/TF2 alert. But, that would mean if I was interested in viewing all the TF in proper ascending sequence - M1 M5 M15 M30 H1 H4 D1, but was interested in an alert based only on say H1 & H4, I'd have to put it as H1 (TF1), H4 (TF2), M1 M5 M15, M30, D1. That would not be ideal. {quote}
Hi Drona,
How about putting them in descending order H4 H1 M30 M15 M5 M1 with TF1/TF2 alert? If you still want to see D1 on same chart put on a mtf MA line.
ITB - Seeing Orderliness amongst 'Randomness'
  • #890
  • Oct 11, 2015 7:49pm Oct 11, 2015 7:49pm
Hi InTheBow,

Now that's an idea

The only thing is that I have a couple of other indicators that go from M5 to D1 (and cannot be changed unfortunately). So it'll be a bummer

Quoting Inthebox
{quote} Hi Drona, How about putting them in descending order H4 H1 M30 M15 M5 M1 with TF1/TF2 alert? If you still want to see D1 on same chart put on a mtf MA line.
  • #891
  • Oct 12, 2015 10:01am Oct 12, 2015 10:01am
Quoting Glowry
Hi all, I have a issue with the M30 and H1 timeframe. It has large values. Anyone can assist? Much appreciated. {image}
Hello Glowry, did you get this sorted?
Quoting maflip
{quote} It happened to me too. MT4 haven't downloaded all historical data yet. You gotta wait. Or, click on each pair and scroll to the left for the problematic time frame and it's going to get fixed. This will force Mt4 to download historical data. Then close and re open MT4.
Quoting StefyRox
{quote} Click on that boxes with higher values and press Home button to load history!
Absolutely right - many thanks for helping
  • #892
  • Oct 12, 2015 10:02am Oct 12, 2015 10:02am
Quoting francisakz
{quote} Wowwwww, will this reduce the annoying Alerts it comes from other timeframe? This is intresting
Hello francisakz,
Alerts will only be triggered by timeframes that are switched on - hope that helps!
  • #893
  • Oct 12, 2015 10:03am Oct 12, 2015 10:03am
Quoting tumen05
After reading through the thread I finally find a solution to the installation. Thanks to honestknave and 919gilead for creating the MADash and support
Glad you got it sorted tumen05
  • #894
  • Oct 12, 2015 10:33am Oct 12, 2015 10:33am
Quoting Bernhard
Honestknave thank you again for coding my small requests. No what I ask is not a small request but it can be a big advantage. Its all about the GAP. theoretical its here and here So is our MA weakening or strengthening or flat in the last period of time? In our case the period could be a x-number (user input?) of the TF m1, m5, m15... to W1 or in other words is our MA rising, flat or falling?...
Quoting Adhipfx
Hello Honestknave,919gilead and all Thank you for awesome tool. First of all sorry for my English it is not my first language. I would like to share how to use MAD Dash for trade pullback. I've got an idea from here http://www.dailyfx.com/forex/educati...hart-Tool.html Finding Trading Opportunities So what can we do with this information? I use it to identify pullbacks against a longer term trend that look to be turning back in the direction of the original trend....
Hello Bernhard and Adhipfx,
Thanks for the suggestions. At the moment, I've still only got time for bug fixes rather than enhancements. But once I get some more free time I'll look into these suggestions.
Cheers
  • #895
  • Oct 12, 2015 10:37am Oct 12, 2015 10:37am
Quoting Drona
Honestknave, This is a fab indicator indeed! Thank you. Is there a possibility to modifying one of the alert options your have - currently capable of comparing Time Frame 1 & 2, to one where I can pick my own timeframes? So for example, I can display all the timeframes from M1 to H4, but only one to compare H1 & H4. Thanks a bundle
Hello Drona,
Thanks for the suggestion. At the moment, I'm only doing bug fixes until I get some more time. But I can take a look at his in the future.
Cheers

Quoting harry23
timeframe groups all to true? {quote}
Quoting maflip
{quote} That feature is already possible. Just change TF1 and TF2 to that.
Quoting Inthebox
{quote} Hi Drona, How about putting them in descending order H4 H1 M30 M15 M5 M1 with TF1/TF2 alert? If you still want to see D1 on same chart put on a mtf MA line.
Thanks for the help
  • #896
  • Oct 12, 2015 11:15am Oct 12, 2015 11:15am
Quoting honestknave
{quote} {quote} Hello Bernhard and Adhipfx, Thanks for the suggestions. At the moment, I've still only got time for bug fixes rather than enhancements. But once I get some more free time I'll look into these suggestions. Cheers
Thank you
  • #897
  • Oct 12, 2015 11:27am Oct 12, 2015 11:27am
Quoting Drona
Honestknave, This is a fab indicator indeed! Thank you. Is there a possibility to modifying one of the alert options your have - currently capable of comparing Time Frame 1 & 2, to one where I can pick my own timeframes? So for example, I can display all the timeframes from M1 to H4, but only one to compare H1 & H4. Thanks a bundle
Quoting honestknave
{quote} Hello Drona, Thanks for the suggestion. At the moment, I'm only doing bug fixes until I get some more time. But I can take a look at his in the future. Cheers

Good morning Captain, and if I may add when you are doing this in future, could you also consider allowing users to choose more than 2 TFs if it's not much work.

Thanks as usual.

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #898
  • Edited 11:57am Oct 12, 2015 11:34am | Edited 11:57am
Quoting Drona
Hi InTheBow, Now that's an idea The only thing is that I have a couple of other indicators that go from M5 to D1 (and cannot be changed unfortunately). So it'll be a bummer {quote}
Hi Drona,

You may want to consider the way I achieve the same goal for now by using 2 of the indicator as shown below, if it doesn't affect your other indicators
Attached Image (click to enlarge)
Click to Enlarge Name: MADdash Signals1 - 10122015.gif Size: 77 KB

I trade in the direction of the M30 & H1 setup (trend) when the M1 to M15 TFs recycle (or pullback) and resume in their direction.

Here's an EURAUD example
Attached Image (click to enlarge)
Click to Enlarge Name: EA Trade Setups - 10122015.gif Size: 55 KB



And this is the MTF MA Cross with Alert in case anybody finds it useful
Attached File(s)
File Type: mq4 MTF MA Cross w Alert.mq4   5 KB | 966 downloads


Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #899
  • Oct 12, 2015 1:57pm Oct 12, 2015 1:57pm
Quoting 919gilead
{quote} Hi Drona, You may want to consider the way I achieve the same goal for now by using 2 of the indicator as shown below, if it doesn't affect your other indicators {image} I trade in the direction of the M30 & H1 setup (trend) when the M1 to M15 TFs recycle (or pullback) and resume in their direction. Here's an EURAUD example {image} And this is the MTF MA Cross with Alert in case anybody finds it useful {file} Shalom
Hi 919gilead
can you post other indicators
Thanks
  • #900
  • Oct 12, 2015 10:25pm Oct 12, 2015 10:25pm
Thanks!

Quoting honestknave
{quote} Hello Drona, Thanks for the suggestion. At the moment, I'm only doing bug fixes until I get some more time. But I can take a look at his in the future. Cheers {quote} {quote} {quote} Thanks for the help
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