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MADdash (Moving Average Distance)

  • #981
  • Oct 31, 2015 10:49am Oct 31, 2015 10:49am
EUR/NZD:

3. Situation on M5:

Pair is at the temporary resistance.

4. M1 - possible entries. CCI decreasing, 2 pip below red bar at the end of a correction / resistance.

SL above 025 line. TP min 20 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2015-10-31_154638.png Size: 24 KB
Click to Enlarge Name: 2015-10-31_154837.png Size: 27 KB
  • #982
  • Oct 31, 2015 1:43pm Oct 31, 2015 1:43pm
Quoting TwoBooks
EUR/NZD: 3. Situation on M5: Pair is at the temporary resistance. 4. M1 - possible entries. CCI decreasing, 2 pip below red bar at the end of a correction / resistance. SL above 025 line. TP min 20 pips. {image} {image}
Hallo 2B.
I apreciate your effort.
Lets see if we can make it a prototyping project.
I ll send you litlle programs that do one step of the project, you look at it and comment.
First there is the definition of strength of currencies.

That's aproach costing not too mutch time. What do you think?

Btw , your English is better than mine.
  • #983
  • Oct 31, 2015 3:52pm Oct 31, 2015 3:52pm
Quoting pcorneli
{quote} Hallo 2B. I apreciate your effort. Lets see if we can make it a prototyping project. I ll send you litlle programs that do one step of the project, you look at it and comment. First there is the definition of strength of currencies. That's aproach costing not too mutch time. What do you think? Btw , your English is better than mine.
Hi PC this sounds reasonable.

Do you want to use Maddash indicator for this first step or something else?
  • #984
  • Oct 31, 2015 11:52pm Oct 31, 2015 11:52pm
Hello Andrew,

I posted a request in the coder's thread as I was not sure it is something we can do in the MADdash but will post it here too, in case it is something you think is viable. I have an idea that I think may improving the timing of entries if we can eliminate stale signals and have ONLY fresh signals on the MADdash.

I have been looking at alternative ways to overcome the challenge of late entry.
Attached Image (click to enlarge)
Click to Enlarge Name: Euro Group - 10302015.gif Size: 120 KB

If you observe the attached Euro group, you will notice that the cross of the MA occurred within the same TF or last 2 M30 TF except the EJ.

This is the screenshot of the MADdash around the time of the crosses
Attached Image

The MADdash gives good idea of the groups to trade - sell the Yen, USD & Euro groups and buy the CAD, GBP & AUD groups. Look at the charts of the Yen group below and compare with the Euro group above
Attached Image (click to enlarge)
Click to Enlarge Name: Yen Group - 10302015.gif Size: 114 KB

There were ONLY 4 crosses around the same time in the Yen group when we got the crosses in the Euro group. The GJ, CHJ and AJ cross came much more earlier and the best group would have been the Euro group against the CAD and GBP groups.


IMHO the idea will probably resolve 2 problems - (1) it will point to the current best groups and (2) will improve timing of entry by having only the current crosses within the last TF specified by user. I therefore want all signals to disappear after a user selected TF (minutes/hours) not including the current time. I will use the attached ECA chart to illustrate my point
Attached Image (click to enlarge)
Click to Enlarge Name: ECA2 - 10302015.gif Size: 53 KB

I am on an M5 TF with the H1 TF candles imposed on the chart. I want the MADdash to ONLY show the signals within this current time and the last hour. Therefore when I look at the dashboard, I will ONLY see fresh crosses within the last say 2 hours and this way if a currency group is getting weak or strong, it will probably be the only fresh signals on the dashboard.

As always, thank you for the great work you do.

Shalom

George
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  • #985
  • Nov 1, 2015 1:06am Nov 1, 2015 1:06am
Quoting 919gilead
Hello Andrew, I posted a request in the coder's thread as I was not sure it is something we can do in the MADdash but will post it here too, in case it is something you think is viable. I have an idea that I think may improving the timing of entries if we can eliminate stale signals and have ONLY fresh signals on the MADdash. I have been looking at alternative ways to overcome the challenge of late entry. {image} If you observe the attached Euro group, you will notice that the cross of the MA occurred within the same TF or last 2 M30 TF except the...
Just my 0.5 cents.
We can make the slope visable by different red / greens. Yes , that makes a busy screen.
We can calculate in advance at what guote a cross will happen, we can make that visable by changing the white text if it almost happens. Again the disadvantage the screen will become more busy.
  • #986
  • Nov 1, 2015 3:57am Nov 1, 2015 3:57am
Quoting TwoBooks
EUR/CAD: 3. Situation on M5: Pair is at the temporary resistance. 4. M1 - possible entries. CCI decreasing, 2 pip below red bar at the end of a correction / resistance. SL above yellow line. TP min 20 pips. {image} {image}
makes sense, I did it similar ways. after dash signal open chart, read PA SR SD...
may you post the CCI indicator? it is modified?

I try dash now with different MA settings to have earlier alerts. a 37 (standard) looks me high as we mostly scalp, I try now even 3 or 5. anyone else?
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #987
  • Nov 1, 2015 4:15am Nov 1, 2015 4:15am
Quoting Bernhard
{quote} makes sense, I did it similar ways. after dash signal open chart, read PA SR SD... may you post the CCI indicator? it is modified? I try dash now with different MA settings to have earlier alerts. a 37 (standard) looks me high as we mostly scalp, I try now even 3 or 5. anyone else?
Hi Bernhard

1.

Indicator below.

Further discussion about how to use it (and even a whole system) is present in this thread by Clive Packham: http://www.forexfactory.com/showthre...77#post8458977

2.

What do you mean earlier alerts?

Could you explain your approach? Market is the market for me, must have it on my side across all important TF's (I believe I have when trading strongest-weakest pairs) so earlier means for me riskier, and I dont like that
Attached File(s)
File Type: mq4 Clive's Histogram CCI.mq4   7 KB | 488 downloads
  • #988
  • Nov 1, 2015 8:13am Nov 1, 2015 8:13am
Quoting TwoBooks
{quote} Hi PC this sounds reasonable. Do you want to use Maddash indicator for this first step or something else?
There are several methodes, here i use MADdash.
I cound the green fields. A green M5 has more importance then a green M1, so i count M1=1 , M5=2 , M15=3 , M30=4 , until H1=5.
If you put the EA for a while in a separate screen you will get a feeling of it. Then we continue with the highest agains the lowest.
Please let me know.
Attached File(s)
File Type: ex4 MAD_Dash_2B.ex4   31 KB | 740 downloads
  • #989
  • Edited 9:56am Nov 1, 2015 8:47am | Edited 9:56am
Quoting pcorneli
{quote} There are several methodes, here i use MADdash. I cound the green fields. A green M5 has more importance then a green M1, so i count M1=1 , M5=2 , M15=3 , M30=4 , until H1=5. If you put the EA for a while in a separate screen you will get a feeling of it. Then we continue with the highest agains the lowest. Please let me know. {file}
HI, I understand that market should be running to have any outcome from this expert?

What does it do?

Does it generate signals, displays any visual boards or it generates transactions?
  • #990
  • Nov 1, 2015 9:06am Nov 1, 2015 9:06am
Quoting TwoBooks
{quote} HI, I understand that market should be running to have any outcome from this expert? What does it do? Does it generate signals, is trene any visual boars or it generate transactions?
Load it on a screen and it reports the current state. If market is running it shows the changing values.
  • #991
  • Nov 1, 2015 1:05pm Nov 1, 2015 1:05pm
Quoting 919gilead
Hello Andrew, I posted a request in the coder's thread as I was not sure it is something we can do in the MADdash but will post it here too, in case it is something you think is viable. I have an idea that I think may improving the timing of entries if we can eliminate stale signals and have ONLY fresh signals on the MADdash. I have been looking at alternative ways to overcome the challenge of late entry. {image} If you observe the attached Euro group, you will notice that the cross of the MA occurred within the same TF or last 2 M30 TF except the...
Dear GEORGE
Will you be so kind to tell me what MA ( magenta)
you have in your M5 charts?

Shalom and all the best
Dan
  • #992
  • Nov 2, 2015 3:21am Nov 2, 2015 3:21am
Quoting pcorneli
{quote} Just my 0.5 cents. We can make the slope visable by different red / greens. Yes , that makes a busy screen. We can calculate in advance at what guote a cross will happen, we can make that visable by changing the white text if it almost happens. Again the disadvantage the screen will become more busy.

Thank you for your suggestion, and if you don't mind let's see some examples.
Low Risk Low Stress High Reward High Probability Trades
  • #993
  • Nov 2, 2015 3:26am Nov 2, 2015 3:26am
Quoting dansmol
{quote} Dear GEORGE Will you be so kind to tell me what MA ( magenta) you have in your M5 charts? Shalom and all the best Dan

Hi Dan,

It's the 35 LWMA

Shalom
Low Risk Low Stress High Reward High Probability Trades
  • #994
  • Nov 2, 2015 2:44pm Nov 2, 2015 2:44pm
Hello guys.

I'd like to ask you if there is a way to arrange the dashboard in horizontal line (no alerts and no TFs groups , only the Currencies Groups, horizontally).

I've tried to arrange manually opening vaious Maddash indicators but they keep flashing in the screen.

Still trying to do it live (don't trust myslef yet).

Thanks and God bless.
  • #995
  • Nov 2, 2015 3:55pm Nov 2, 2015 3:55pm
Quoting rvdemm
Hello honestknave, really love your csDash and MADdash very much. Would you mind create another one base on this indicator in order to make more eyecatching the most active pair of the day and able to click the pair to see the price action chart at once. You may want to create a simple dashboard just to show automatically the biggest to the smallest daily hi-lo from 28 pairs. Sorry for my bad English. Thank you. {file} {file}
Hello rvdemm, thanks for your comments

I'm afraid I don't have the time at the moment to take on new projects... I'm not doing a very good job of keeping on top of the current ones!

But there is a great thread here where you may be able to find someone to help with your project.

Best of luck!
  • #996
  • Nov 2, 2015 3:56pm Nov 2, 2015 3:56pm
Quoting Drona
Not totally related, but have searched my eyeballs out a little. Has anyone come across a utility indicator that can force a main window only display indicator (an EX4 file), to appear in sub-window instead? Mighty thanks.
Hello Drona,

I imagine you could create an indicator (with #property indicator_separate_window) that makes iCustom calls to your .ex4 indicator.
Just copy the buffers straight over and it should work.

Good luck
  • #997
  • Nov 2, 2015 3:56pm Nov 2, 2015 3:56pm
Quoting Chairman
Honestknave this is an exceptional indicator, congratulations and many thanks to you and George. My request for a feature if I may would be for a trigger value applying to the colour blocks and two more colour options so as well as just "bearish" and "bullish" we can colour blocks as "slightly bearish" and "slightly bullish". I'm only halfway through the thread but I'm running version 1.27 and this doesn't seem to be an option. Going back to post #4 George said {quote} If we could set a trigger at (e.g.) 10 and have the values less than that a dimmer...
Hello Chairman, thank you for your comments. I'll certainly keep it in mind for future releases
I imagine it would require quite a bit of human input to the settings in order to get the thresholds correct... depending on what timeframes are set, which moving averages are being used, which calculation method is applied etc.
  • #998
  • Nov 2, 2015 3:56pm Nov 2, 2015 3:56pm
Quoting pcorneli
Mr HK i like to ask this question. Using the Indi i like to Click specific Chart and TF's to open. I also defined a template. In the template is a EA with a Buy and a Sell Button. This works fine , but the Chart opend is not allowing trading. I have to change this first , costing time. When the Graph is with allowing trade, i save the template again. So i hope nexttime i click a pair it is ready for action. But it is not. I am not sure if your code can improfe this, but maybe you have a suggestion? Kind regards PC.
Hello pcorneli,
I'm sorry to read you're having some problems with the templates. The behaviour you describe shouldn't be caused by MADdash - have you tried playing around with your terminal settings here?
Attached Image
  • #999
  • Nov 2, 2015 3:56pm Nov 2, 2015 3:56pm
Quoting Art5
Hello guys. I'd like to ask you if there is a way to arrange the dashboard in horizontal line (no alerts and no TFs groups , only the Currencies Groups, horizontally). I've tried to arrange manually opening vaious Maddash indicators but they keep flashing in the screen. Still trying to do it live (don't trust myslef yet). Thanks and God bless.
Hello Art5,

Unfortunately, there's currently no ability to do this, but I will look into it for future releases. It may be a simple fix, or it may need more time
  • #1,000
  • Nov 2, 2015 3:57pm Nov 2, 2015 3:57pm
Quoting 919gilead
Hello Andrew, I posted a request in the coder's thread as I was not sure it is something we can do in the MADdash but will post it here too, in case it is something you think is viable. I have an idea that I think may improving the timing of entries if we can eliminate stale signals and have ONLY fresh signals on the MADdash. I have been looking at alternative ways to overcome the challenge of late entry. {image} If you observe the attached Euro group, you will notice that the cross of the MA occurred within the same TF or last 2 M30 TF except the...
Hi George,

Some great thoughts there, and I think I understand what you're looking for.

But, that would require substantial modification which sadly I don't have the free time for right now

Nevertheless, I will continue to give it some thought and if I can crowbar the code in easily I will do.

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