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MidPrice Strategy

  • #41
  • Apr 19, 2017 3:37am Apr 19, 2017 3:37am
Quoting grandaevus
An indicator that draws horizontal line of a ma value on screen will be ready within today. Horzontal line will be redrawn when a new candle opens. Values are taken from previous candle...
Yes lines should be redrawn on every new candle

Monthly every month
Weekly every week etc
Think like an investor, Act as a speculator. Ferid H.
  • #42
  • Apr 19, 2017 3:56am Apr 19, 2017 3:56am
This is how i define trend.

First SMA should have break point, like these vertical lines
Then price should be close far from SMA

Must be gap between candle and SMa, so that it can be seen by zoom out

When price to touch SMA, then join to SMA's direction, this indicates trend changed in most cases
Think like an investor, Act as a speculator. Ferid H.
  • #43
  • Apr 19, 2017 3:57am Apr 19, 2017 3:57am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2017-04-19-12-21-12.png Size: 214 KB
Think like an investor, Act as a speculator. Ferid H.
  • #44
  • Apr 20, 2017 4:53am Apr 20, 2017 4:53am
Quoting grandaevus
{quote} Moving Average to Horizontal Line Indicator V01 {file}
Thanks for your quick respond and for your indicator. Once ill reach to my comp, ill check it.
Think like an investor, Act as a speculator. Ferid H.
  • #45
  • Apr 20, 2017 7:11am Apr 20, 2017 7:11am
Quoting grandaevus
{quote} Moving Average to Horizontal Line Indicator V01 {file}
Thanks for great work again. I checked.

1. Would u please to correct it for current candle, not previous?
2. Can u MA1, MA2, MA3 etc. ? So I wouldn't need to add it every chart
3. How about lets say if I choose Ma TF = Monthly, when horizontal line is drawn, I want the text "MN" is written on horizontal line. So when i switch to other TF, I will see thats Monthly one. I know i can change colour. But Here is why this strategy must be simple. We don't need rainbow here ) Or you can add just true/false option for whom dont want to see text on HL.

Awesome indicator, lets see how it will redraw. Keep it up!
Think like an investor, Act as a speculator. Ferid H.
  • #46
  • Edited 9:07am Apr 20, 2017 7:36am | Edited 9:07am
Quoting Feliks
{quote} Thanks for great work again. I checked. 1. Would u please to correct it for current candle, not previous? 2. Can u MA1, MA2, MA3 etc. ? So I wouldn't need to add it every chart 3. How about lets say if I choose Ma TF = Monthly, when horizontal line is drawn, I want the text "MN" is written on horizontal line. So when i switch to other TF, I will see thats Monthly one. I know i can change colour. But Here is why this strategy must be simple. We don't need rainbow here ) Or you can add just true/false option for whom dont want to see text...
1. Would u please to correct it for current candle, not previous?

I've used previous candle values because they're all constants.
In current candle, price changes in every tick, so does moving average and horizontal line. Is this what you want,
Or
"when a new candle opens, take the ma value for the current candle, draw that value as a horizontal line on screen, and do not change it until candle closes even if price and ma changes."

2. Can u MA1, MA2, MA3 etc. ? So I wouldn't need to add it every chart

Just use 4 indicators for H4, D1, W1 and MN1 moving averages in one chart , create a Template and then use it on other charts.

3. How about lets say if I choose Ma TF = Monthly, when horizontal line is drawn, I want the text "MN" is written on horizontal line

Consider it done
  • #47
  • Apr 20, 2017 11:39am Apr 20, 2017 11:39am
Quoting grandaevus
{quote} 1. Would u please to correct it for current candle, not previous? I've used previous candle values because they're all constants. In current candle, price changes in every tick, so does moving average and horizontal line. Is this what you want, Or "when a new candle opens, take the ma value for the current candle, draw that value as a horizontal line on screen, and do not change it until candle closes even if price and ma changes." 2. Can u MA1, MA2, MA3 etc. ? So I wouldn't need to add it every chart Just use 4 indicators for H4,...
You read my mind. Thats what i want. I bold it.
Think like an investor, Act as a speculator. Ferid H.
  • #48
  • Edited 1:24pm Apr 20, 2017 12:38pm | Edited 1:24pm
Moving Average to Horizontal Line Indicator V02

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot from 2017-04-20 20-44-49.png Size: 23 KB
Attached File(s)
File Type: ex4 ###MAtoHLIndicatorV02.ex4   29 KB | 354 downloads
  • #49
  • Apr 20, 2017 4:57pm Apr 20, 2017 4:57pm
Nice Work! Here is my setup for tomorrow. I see price can be bounced from H4 and Daily MA's. So we just wait our setup for buy on M15. But I take some risk and sometimes enter even on second candle after touch on H4 for this case. Market will show us. I will share if I trigger any trade upon this.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 58 KB
Think like an investor, Act as a speculator. Ferid H.
  • #50
  • Apr 21, 2017 2:15am Apr 21, 2017 2:15am
Feliks, thank you for sharing this system, and
grandaevus, thank you for the nice indicator...
  • #51
  • Apr 21, 2017 6:25am Apr 21, 2017 6:25am
I wonder what kind of SMA we'll have if there will be such one:

(100 SMA price + 30 + 20 +50+60)/ 5. Only prices, because with MA numbers it creates 52 SMA. But which TF's price? So i think if it would be made from SMA prices, therefore we'll have ma that can be attached any TF.
Think like an investor, Act as a speculator. Ferid H.
  • #52
  • Apr 22, 2017 12:19am Apr 22, 2017 12:19am
Quoting Feliks
Nice Work! Here is my setup for tomorrow. I see price can be bounced from H4 and Daily MA's. So we just wait our setup for buy on M15. But I take some risk and sometimes enter even on second candle after touch on H4 for this case. Market will show us. I will share if I trigger any trade upon this. {image}
Now I will seek to add my trade on M15. TP is next round price 1.08

P.S. The real setup for buy will appear now. My trade was too risky and even got well, i blame myself for not being patient now. You can't win market, you can win yourself, consequently you make profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 71 KB
Click to Enlarge Name: EURUSDM15.png Size: 55 KB
Think like an investor, Act as a speculator. Ferid H.
  • #53
  • Apr 22, 2017 3:19pm Apr 22, 2017 3:19pm
Quoting grandaevus
Moving Average to Horizontal Line Indicator V03 {image} {file}
I didn't find any difference...
Think like an investor, Act as a speculator. Ferid H.
  • #54
  • Apr 22, 2017 5:11pm Apr 22, 2017 5:11pm
Quoting grandaevus
Moving Average to Horizontal Line Indicator V03 {image} {file}
Many thanks for your effort grandaevus in putting this together. I discovered that in the indicator you cannot add to two different MAs on the same timeframe, for example you cannot add 5sma and 20sma to the weekly, it will add it, but its the last added MA that will show, is there a way you can fix this?

Thank you
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #55
  • Edited Apr 23, 2017 2:42am Apr 22, 2017 10:13pm | Edited Apr 23, 2017 2:42am
Quoting Feliks
{quote} I didn't find any difference...
Made some changes in the code to optimize it.

Color Setting has been added to Text
  • #56
  • Apr 22, 2017 10:28pm Apr 22, 2017 10:28pm
Quoting lordgbengs
{quote} Many thanks for your effort grandaevus in putting this together. I discovered that in the indicator you cannot add to two different MAs on the same timeframe, for example you cannot add 5sma and 20sma to the weekly, it will add it, but its the last added MA that will show, is there a way you can fix this? Thank you
Thank you for the feedback. Here's the fixed version.

Moving Average to Horizontal Line Indicator V04

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot from 2017-04-23 06-26-26.png Size: 25 KB
Attached File(s)
File Type: ex4 ###MAtoHLIndicatorV04.ex4   32 KB | 455 downloads
  • #57
  • Apr 23, 2017 7:45am Apr 23, 2017 7:45am
Quoting grandaevus
{quote} Thank you for the feedback. Here's the fixed version. Moving Average to Horizontal Line Indicator V04 {image} {file}
Great many thanks, will keep stress testing. I appreciate.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #58
  • Apr 23, 2017 12:30pm Apr 23, 2017 12:30pm
Quoting grandaevus
{quote} Made some changes in the code to optimize it. Color Setting has been added to Text
Is it possible to create the SMA which I told in one of my previous replies?. Because I feel like we can create 1 SMA which can be guide for our main trend or maybe I'm wrong or maybe it will be quite well to trade with it only on breakout on big TF. I can't test it manually.
Lets say now the SMA I'm talking about gives me price 1,1018 (1,0692+1,0707+1,068+1,0906+1,2109=5,5094/5).

Hope I could explain my idea. This will be the middle of 5 middle prices.
Think like an investor, Act as a speculator. Ferid H.
  • #59
  • Apr 23, 2017 12:54pm Apr 23, 2017 12:54pm
Quoting Feliks
{quote} Is it possible to create the SMA which I told in one of my previous replies?. Because I feel like we can create 1 SMA which can be guide for our main trend or maybe I'm wrong or maybe it will be quite well to trade with it only on breakout on big TF. I can't test it manually. Lets say now the SMA I'm talking about gives me price 1,1018 (1,0692+1,0707+1,068+1,0906+1,2109=5,5094/5). Hope I could explain my idea. This will be the middle of 5 middle prices.
Average of moving averages written below?

M15 : 100
H4 : 30
Daily: 20
Weekly : 50
Monthly :60
  • #60
  • Apr 23, 2017 4:26pm Apr 23, 2017 4:26pm
Quoting grandaevus
{quote} Average of moving averages written below? M15 : 100 H4 : 30 Daily: 20 Weekly : 50 Monthly :60
YES
Think like an investor, Act as a speculator. Ferid H.
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