I know this indicator "TDI",can you put the website. to read about this indicator and to test?
You are fast as always
Thank you very much for your help
Here you go
One word about alerts : whenever the price retraces within channel (high is lower than the upper band and low is higher than the lower band of the channel) it resets it self. That means that it will alert on every first channel break out regardless of direction : it can give alert for up now, and after nn bars, if the price retraced in the channel, it can give an alert for up again
This Trend Scalp indicator is really great.
I traded it for one and half hour with good results. This indicator is making such as "newbie dream" - finding top and bottom.
So, it is what I used - GBPJPY M1 timeframe.
Results: +97 pips or 120 dollars by 0.1 fixed lot size just for 1 and half hour (statement in pips is attached). And it is in dollars:
Metatrader statement attached too:
I want to say that GBPJPY especially for M1 timeframe - it is most difficult case for scalping. But indicator did this job.
Great stuff ND, yes I'm interested in the template pls.
Since I posted this https://www.forex-tsd.com/forum/debates-discussions/116-something-interesting-please-post-here/page148#comment_545444 a couple of days ago, it made it all easy
Trend scalp indicator is in fact a variation of TTF indicator (originally both were made by Nick Bilack) and since the T3 repainting that would have happen if un-commented in the original trend scalp indicator, is solved in it, here is a variation of TTF that does the calculation the "trend scalp" way and has alerts - so it is now officially a trend scalp indicator
Thank you Mladen, as I said before you are gentleman and scholar
Just about this trading results.
- Trend scalp indicator is on this post to download
- Trend Detection Index indicator (TDI-2) is on this post. It is public indicator.
- adaptive Gann High-Low activator jma Heiken Ashi arrows-1 indicator is on this post (advanced elite section sorry).
- MaksiGen_Range_Move indicator is attached to this post. It is public indicator.
- trendscalp_m1_gann_high_low.tpl is attached to this post.
- place all indicators to indicators folder of your Metatrader's directory (for example - to C:\Program Files\FXCM MT4 powered by BT\experts\indicators) and compile.
- place template file (trendscalp_m1_gann_high_low.tpl) to template folder (for example - to C:\Program Files\FXCM MT4 powered by BT\templates).
- Open metatrader, open M1 chart, right mouse click on any free place of the chart and select your template - and all the indicators will be loaded.
ND, how do you use trendscalp indicator, can you explain your roules?
In Trend Scalp - I understand red dots as bottom and blue dot as top. And TDI indicator (I changed the color in template from original default to opposite one) so - red line is downtrend and blue line is uptrend. When red line and blue line are going up all together and above zero so it is choppy uptrend (choppy uptrend is uptrend when downtrend is going on the same time with above zero general uptrend). When red line is going up (downtrend line is active and downtrend is going on) and blue line is going down (uptrend is not verified and it is just a correction) so it is downtrend. Opposite for buy. It is same logic for TDI as for with AbsoluteStrength indicator.
Please note that this rules may work for small timeframes only.
Because for M15 and higher timeframes - Trend Scalp indicator and TDI indicator are having different (original) logic.
By the way - I made those trades yesterday on choppy uptrend: 2 lines of TDI indicator were above zero moved in parallel way. That is why I opened buy.
Made this one first
You will see that it is a new one. The idea is the idea that is used in the "middle one" you posted, but is changed and made work as it should. The problems is that that one was giving completely false information in the past (current bar was OK) when it was using smaller time frames. The problem is that there is no reliable way of showing lower time frames on a higher time frame chart : either you can show only the first bar that belongs to higher time frame or you show everything and then you have a complete mess regarding past bars display (time do not align at all and there is no way you can see what actually was happening at those times) In this one, if you want to see, for example, 5 minute data, you have to be on a 5 or 1 minute chart. You can not see 5 minute past data correctly on a 15 minute chart and that is why this indicator is preventing it
The name is changed since it is in fact 4 CCIs calculated for different time frames and different CCI periods. Option to choose price is added to (default is typical price now, unlike the open as it was used before, since by definition CCI exists only for typical price, but left the possibility to use any price you wish)
Now I'am under testing below attached indicators downloaded from this thread https://www.mql5.com/en/forum/178865
I need alarm when in the same column all red or blue dots are the same color.That mean alarm be acticated when 4 red or blue dots appear together.
This should comfortable indeed.I don't know this indicators repaintng or not but seems are stabile after closing the previous bar.
Reduction of Alerts in Multi LSMA
In Multi LSMA, currently arrows are displayed every time it reaches to +5 and -5 level. In smaller time frames number of alerts is too many.
So could you please make a little modification to it? Can we have a system by which it will display arrow in alternative way. i.e. once it displays arrow for +5 level, next arrow will be displayed only when it reaches -5 level and again only when it reaches to +5 level. This will surely help to reduce number of alerts.
Thanks in advance.
Exclusive thank you Mladen.For time being (several hours testing on 1 and 5 m) no changes after current bar closing.Need one or two days more to observe carefully.
Have a nice weekend.