It depends on the market conditions. In some cases SSA will be faster and in other triangular MA is going to be faster.
The answer to the second question : no need to 'calibrate' them.
PS: please do bear in mind that both of those indicators (and derivatives of them) are going to recalculate. (I am not going to use the "repaint" term since it is meaningless in cases like these : Hodrick-Prescott filter, SSA, centered MAs, ... a lot of very useful indicators work like that and their math models are like that, so they are simply calculating some values over and over. In cases of SSA it is a lag bars, in case of triangular MA centered it is HalfLengthbars)
That is the main reason why they should be used in manual trading only (some "signals" are going to be changed with time, these do need your mind as a decisive factor for entering trades)
Personally I like them (once I told to a friend of mine that "they give results so beautiful that there must be some degree of truth in them") They show what I like to call : "It would be logical if the price would go in this direction" The rest of the logic is in our feeble minds when it comes to usage of these indicators
Is that assumption correct? And...what's the "little addition" you're referring to?
Last question: Should this indicator be 'calibrated' daily for each pair?
... I feel like a little mouse in the room of titans here! LOL
Congratulations for your awesome work, really!
Just amazed for some of the indicators pictured out here, I was trying to make a bit of homework and find out something more about the "squeeze" series, because I found mrtools' quite interesting.
I went around quite a bit, but I found that mladen's "Advanced BBsqueeze" in post #175 of the MTF indicators thread... disappeared.
Is anybody so kind to give me a sort of "pathmap" to have some more information? Look, I'm a strange guy: sometimes I like also to "understand" what's behind things... . Mladen, you're often so kind to post also articles or "common English" descriptions of strategies and indicators...
Keep on with the superb discussion!
Yes,these indicators make you think about what will be the most probable course of action,and they get you to think dually,which is the best way to think when trading .
I have learnt to enjoy the TMA centered,ever since you were kind enough to post it in one of my threads..Now,I have tried to take the new one you posted here and tried to do a mod which basically consists in "projecting" it into the future,I have used Fourier extrapolator to no avail(which I have used successfully for other indicators),the other option is to use the Polyfit indicators by igorad and try to bridge the 2 together,but I don`t even know how to start ...I am not a coder(that is obvious),so,I would like to ask you,if you think that it could be useful,if you could devise some way to do this mod,basically project your indicator(which is already centered) into the future,n bars,selectable by user,and,specially the TMA with bands.
My idea is to use if for trading,setting one at half span equal to half the span of the dominant cycle(using Corona charts you can know the dominant cycle ),and another one set to half THAT span...basically I am trying to replicate what Hurst did with his channels,and what Brian Millard and the guy at swingmachine are probably already doing...both crossovers and projected bands will probably be extremely useful in trading...basically,this method will combine both Time(half cycle) and price(std of price),and ,with practice,will help finetune our trading.
If you think it is a good idea,and you want to do it,I can open a thread here and show anybody interested how to use them.
Thanks for your indicators,as usual,they are awesome.
simba, I think it is a good idea
I am working on Millard's channel but I really would not like to tell anything that would sound like a promise.
Some work on it is done some is still to be finished, and if I learned anything about "schedule" in coding after all these years is that one can never tell when will some code be finished (sometimes problems that look simple as hell are the ones taking more time than those that seemed complicated at the beginning))
So, what I "propose" is to start all that once the channels are ready (since they are indeed very, very interesting and since sharing your knowledge here would be much appreciated)
This is what it can already be done with your TMA bands,as they are now(I just modded them to have a selectable by user ATR multiplier).
If we could project both the TMAS and the bands into the future,I am sure we will gain an edge in decision making...they are not going to be the Holy Grail,but they will help a lot in making decisions,specifically when deciding about market situation...ie:If you are a swing trader,and you aim for 2-4 weeks swings...Would you short the GJ now? Or would you wait for a long entry?...
Sorry,I don`t know how to make the attachment smaller,if somebody can indicate me how to do so,I will do it asap.
OK, will work something in that direction :):)
Of picture : just make the terminal window smaller (I use that way, easiest to lazy ones like me ) and then save it (active chart (as is))
Of picture : just make the terminal window smaller (I use that way, easiest to lazy ones like me and then save it (active chart (as is))
I think that now is good time to show Hurst Channel for MT4.
Good time indeed. Excellent and impressive work, Igorad.