Elite indicators :) - page 190

Sergey Golubev
Moderator
113015
Sergey Golubev  

And it is channel trading system: M30 candles on M5 timeframe using CustomCandle indicator

Files:
m30_on_m5_1.jpg 188 kb
mikepearce
47
mikepearce  

thank you for the explanation Mladen and newdigital

it completly make sense now..

thanks again for your time.

Mladen Rakic
151983
Mladen Rakic  

newtrader100

Here is the "first step".

What this indicators does :
it finds out the trends from a desired time frames (assignable through TimeFrames parameter), multiplies each time frame trend with its weight (assignable though TimeFramesWeightsparameter) and adds them up to get an "over all" trend. Here is an example of 9 time frames NonLagMA trend :
What it (still) does not do :
It does not alert. The problem is that in one moment more than 1 time frames trend can change and then it can change way back the overall trend (just imagine : one month trend changes and changes "trend score" back 1 month (since all have to be changed). Will try to solve this (to be able to uniquely identify when an alert should be triggered, but so far no idea how to solve this "back changing" issue when alerts are concerned) i can alert when alertsLevelis reached, but then you can get alerts on every new bar and not just the first time the desire level is reached

Try it in run time and you will see what am I talking about. But I think that even like this it can be a useful indicator

PS: indicator requires to be attached to at least the smallest time frame chosen from time frames parameter (that is the only way how "historical trends" can be calculated accurately)

________________________________

PPS: added a version that alerts once per direction (so if it reaches up, it will alert and until down is not reached it will not alert up any more and vice versa)

regards

mladen

newtrader100:
Good stuff mladen. Thanks.

Would an alert on current timeframe (say 15m) only when two or more other timeframes (say 30m,1h, and 4h) are also trending - sloping - in same direction be doable?

...it would filter and cut down on weaker signals coming from basically any of the great indicators you most recently provided.

Regards.

PS: nonlagma nrp's below;
newtrader100
105
newtrader100  

Thanks mladen!

I have an indicator which is much more "selective" concerning when is the right time to buy or sell, but even this gives too many false signals on one timeframe. Even so when I have 2, 3, or more timeframes with just this one indicator on them and when they all agree, ....watch out because pips are coming your way.

Problem is that I can't watch the charts from 2am to noon without falling asleep and missing the moves.

Anyway, this indicator as you may already know is based on ma with cci and rsi colored on it. Next step down the road may be to take advantage of it's undoubted usefulness along with the approach you just posted and for instance when this more selective indi. says to buy on say 3 timeframes, - 1m 5m 15m for instance - enter.

...So in future perhaps it would go like this; check ma angle on 3 timeframes, check indicator color on these timeframes, then buy or sell if conditions fulfilled. Sounds more like an EA, but the key I think is the selectivity plus the 3 agreeing timeframes. Less signals but good ones that run away from entry.

Anyway thanks again and continue to brainstorm this if you can as I think it has much merit.

P.S. My intention with the request was to capture nice moves like the one below:

newtrader100
105
newtrader100  

Excellent, mladen!!!

I like the "allerts". Nice touch, and be sure to copyright that.

Thank you!!!

yama728
76
yama728  

Hello mladen

Hello mladen,

Can adding crossing alerts and arrows on current chart?

please,thanks

Files:
smarcos
12
smarcos  
Jimmy
652
Jimmy  

mladen,

Would it be possible to make an All ADX Trend like yours All Wilder's DMI?

thanks,

jim

mladen:
Just in case ... In case someone is wondering what is the basic logic behind the adxvma indicator, here is one middle step of it that might be as useful as the indicator itself. (there are additional steps after this one, so do not compare the 2 indicators, but this step seems particularly interesting)

If it seems familiar to anyone, the answer is "yes". It seems that it is the power trend indicator (the "real" power trend, not the ones that are posted and published as it - of this I am not 100% sure (all I have seen from the "real" one are pictures of it), but it sure as hell looks a lot like it)
William Snyder
9496
William Snyder  

trendstrength jurik

This is a jurik mod of Trendstrength RMD added mtf and with alerts also a channel version that is mtf with alerts.

mikepearce
47
mikepearce  

Mrtools,

can you share the indicator on the chart

look like a fibo level indi..

thanks