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HAC & RAC - A Simple-Minded Approach

  • #21
  • Feb 2, 2016 4:16am Feb 2, 2016 4:16am
Quoting Almuten
Ok. I might as well share my indys, which I should have maybe done in the first post. I had FerruFX program them for me and the code isn't visible, but you understand the underpinnings of it to know what's going on. I also included a cool indy that I found on Steve Hopwood's forum. You can place it on one chart and then control the cursor position of the others using just one chart. It makes it a lot easier to see the relationships between time frames that way. {file} {file} {file}
You forgot to provide the "CyclePeriod.ex4" indicator. It is called by both RAC and HAC ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #22
  • Feb 2, 2016 5:02am Feb 2, 2016 5:02am
Quoting laksior
Unfortunately i see no lines on indicators {image}

what build are you using?
  • #23
  • Feb 2, 2016 5:13am Feb 2, 2016 5:13am
Quoting kore2
{quote} Same for me. Indicators not visible. I have Windows 8.1 64bit and have tried it with different mt4s...
Ok. Do these work for anybody? Geez!
  • #24
  • Feb 2, 2016 5:14am Feb 2, 2016 5:14am
Quoting FerruFx
{quote} You forgot to provide the "CyclePeriod.ex4" indicator. It is called by both RAC and HAC ...
Ah right! I can't believe I forgot that. I'm so sorry everybody! See if this helps.
Attached File(s)
File Type: ex4 CyclePeriod.ex4   6 KB | 737 downloads
  • #25
  • Feb 2, 2016 5:29am Feb 2, 2016 5:29am
Quoting Almuten
{quote} Ah right! I can't believe I forgot that. I'm so sorry everybody! See if this helps. {file}
Thank you Almuten, Its working now.

Regards,
Roy
  • #26
  • Feb 2, 2016 5:33am Feb 2, 2016 5:33am
Thanx Almuten, everything is fine now
  • #27
  • Feb 2, 2016 5:36am Feb 2, 2016 5:36am
Quoting RoyPK
{quote} Thank you Almuten, Its working now. Regards, Roy
You're welcome. And thanks FerruFX!
  • #28
  • Feb 2, 2016 5:46am Feb 2, 2016 5:46am
Quoting Almuten
{quote} Ah right! I can't believe I forgot that. I'm so sorry everybody! See if this helps. {file}
Great!
Global_Crosshairs.mq4 is especially useful. I`ve been using an old script (@ sx BT get.ex4) for the same purpose but this one is way more practical.
Special thx to FerruFX!
  • #29
  • Feb 2, 2016 5:49am Feb 2, 2016 5:49am
Quoting Almuten
Well that's all for now. Guys, I just wanted to see if you saw what I saw with this. I mean, maybe I'm hallucinating or something, I don't know. There just seems to be something here, but I would like other points of view from more experienced people. Many thanks and Good night. Almuten
I`m seeing things at first glance too.
Attached Image (click to enlarge)
Click to Enlarge Name: einstein.jpg Size: 66 KB
  • #30
  • Feb 2, 2016 6:17am Feb 2, 2016 6:17am
Quoting kore2
{quote} I`m seeing things at first glance too.{image}

I like that quote!
  • #31
  • Feb 2, 2016 6:29am Feb 2, 2016 6:29am
Some more finer points:

1. Both the HAC & RAC have a multiplier adjustment. What this does is lengthen or shorten the base cycle period length. On my charts I like to put on a 1/4 cycle period (0.25) of the HAC because it mimics the next lower time frame HAC on full cycle. I do this because 95% of the time the lower time frame will trigger first, or should trigger first. It's just easier to see at a glance this way. Recall Alien's words: "The lower leads the higher."

In the chart below, the shorter length is in green and the regular is in red.
Attached Image (click to enlarge)
Click to Enlarge Name: Lower Leading Higher.PNG Size: 45 KB
  • #32
  • Feb 2, 2016 6:35am Feb 2, 2016 6:35am
2. You probably noticed that I have an extra line on the RAC above. What this is, is a 2 period RSI of the RAC itself. It's a lot easier to see if it's about to cross or not. Generally, during a really great trend, it will stay plastered to 100 or 0 until the trend begins to weaken.
Attached Image
  • #33
  • Edited 6:55am Feb 2, 2016 6:43am | Edited 6:55am
3. Pullbacks can be found and traded on reliably when the RAC is above 80 or below 20. Below is an ideal example. The RSI of the RAC pops the other way and the market bounces off of either the green or red HAC line. Strongest trends will stop at the green during a pullback. Then the RSI slams back to where it was before.

Again, this is most reliable when the RAC is above 80 or below 20
Attached Image (click to enlarge)
Click to Enlarge Name: RSI Pullback.PNG Size: 23 KB
  • #34
  • Feb 2, 2016 6:53am Feb 2, 2016 6:53am
Quoting Almuten
2. You probably noticed that I have an extra line on the RAC above. What this is, is a 2 period RSI of the RAC itself. It's a lot easier to see if it's about to cross or not. Generally, during a really great trend, it will stay plastered to 100 or 0 until the trend begins to weaken. {image}
Hi Almuten,

One dumb question- RSI is applied to close or First indicator's data?

Thanks.

Roy
  • #35
  • Feb 2, 2016 6:55am Feb 2, 2016 6:55am
Quoting Almuten
2. You probably noticed that I have an extra line on the RAC above. What this is, is a 2 period RSI of the RAC itself. It's a lot easier to see if it's about to cross or not. Generally, during a really great trend, it will stay plastered to 100 or 0 until the trend begins to weaken. {image}
hi, can you post your template plz
  • #36
  • Feb 2, 2016 7:08am Feb 2, 2016 7:08am
4. The VERY BEST trades will have a very tight, cascading rhythm to them. It reflects a kind of pent up tension in that once things start to move, there is nobody left to oppose the new direction.

As a general guideline, I like to see the next higher HAC line crossed within a set amount of periods. For example, if I'm comparing M1 to M5, I want to see M5 trigger within 10 minutes of M1 being triggered. When comparing M5 to M15, I like to see 8 or fewer and so on. If this happens, a tighter stop can be used.

Below is an example of a very weak trade. M1 triggered a HAC cross and M5 did not trigger until 38 minutes later. Money could have been made, but not much. The first red vertical line is where M1 triggered. The second is where M5 triggered.
Attached Image (click to enlarge)
Click to Enlarge Name: Weak Trade.PNG Size: 75 KB
  • #37
  • Feb 2, 2016 7:13am Feb 2, 2016 7:13am
Quoting fx123321
{quote} hi, can you post your template plz
Sure. I'll put it up top, along with the heiken ashi I use. Actually it's Synergy ABP with auto-width.
  • #38
  • Feb 2, 2016 7:13am Feb 2, 2016 7:13am
Hi guys

same for me...nothing happenned on Standard Alpari demo




Edit: With Cycle period...it works
  • #39
  • Feb 2, 2016 7:16am Feb 2, 2016 7:16am
Quoting RoyPK
{quote} Hi Almuten, One dumb question- RSI is applied to close or First indicator's data? Thanks. Roy
Not a dumb question. It's placed on "First Indicator Data."
  • #40
  • Feb 2, 2016 7:18am Feb 2, 2016 7:18am
Quoting ben.deschain
Hi guys same for me...nothing happenned on Standard Alpari demo
Did you download the "cycleperiod.ex4?" We discovered I forgot to include that. It's what finds the cycle length. Anyway, I put it with the other indys.
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