HELLO MLADEN, Can you kindly assist me with this expert advisor based simply on RSI price swings between two levels,e.g. 55 and 45. FOR BUY TRADES: ENTRY RULE: RSI CLOSES ABOVE LEVEL 55. STOP-LOSS: LOWEST PRICE THE LAST TIME RSI WAS BELOW LEVEL 45, TAKE-PROFIT: ONCE RSI REVERSES AND CLOSES BELOW LEVEL 45. FOR SELL TRADES : ENTRY RULE; RSI CLOSES BELOW 45. STOP-LOSS; HIGHEST PRICE THE LAST TIME RSI WAS ABOVE LEVEL 55. TAKE-PROFIT; ONCE RSI REVERSES AND CLOSES ABOVE 55. ALL ENTRIES MUST BE AFTER THE CLOSE OF THE BAR OF THAT TIME-FRAME AND IT CAN ONLY OPEN 1 TRADE AT A TIME. THANKS FOR THE GREAT WORK.
This is Currency Slope Strength indicator, this indicator is using either Tma centered ma or Lwma depending on your settings, this indicator was sent to me to try and make it lighter and noticed the indicator was using Tma centered and Lwma, but didn't have user controlled HalfLength and Price so added it also some minor code changes to hopefully make it lighter on computer resources. There is a setting called differenceThreshold by default is set to .8, if i am understanding right once the slope goes beyond this level the indicator colors the background differently, and meaning a good time to enter. For the before mentioned using Tma centered or Lwma if ignoreFuture = false, you are using Tma centered slope if true now using Lwma slope. Another setting showOnlySymbolOnChart if true it will only show the pair on the chart you place it on, if false you get the spaghetti look and when using it this way it takes awhile for the indicator to load, not only is the indicator getting values from the 8 currencies but also their combinations. The indicator has worked well for me, been using it as is, with Blau slope for trading fairly sucessfully.
PS) This is the TMA Centered recalculates speech, do not want to mislead anyone, so please,please remember this before taking a trade signal from this indicator, I have used it for a long time and still once in awhile get burned from it.
thanks for sharing this really interesting piece of code
A dumb question: using TMA centered is there the possibility of "recalculation" (aka repainting...) of the half period length? I'm asking 'cause i did trhow it on a 1H EU chart and its signals are simply "too good to be true!!"
Kindly may you post the link for the Blau indi?
Have a great Sunday!
Hows it going Enrico
Yes the Tma centered recalculates but honestly hasn't affected anything not sure why, but maybe its because its using 100 period atr for slope and all the calculations it goes through maybe slows it down,but don't know for sure, another thing forgot to mention is its by default using daily values, but now with a 50 half period looks interesting. Anyway my friend sent another version i used this week trading, using Tma centered and Blau did not lose a trade on H1(a rarity for me) , this version the same as that except for the changes i mentioned. Also he told me they are using the Tma centered slope in an Ea for trend confirmation, and that it is doing well. Anyway not sure if i posted these Blau's or if I did where i posted them, so will post them here. Was checking the Ergodic Candle oscillator version, looks better.
ps) the changes I made hopefully it won't affect the performance but would thread lightly at first to see how it goes.
ps2) This is the TMA Centered recalculates speech, do not want to mislead anyone, so please,please remember this before taking a trade signal from this indicator, I have used it for a long time and still once in awhile get burned from it.
Currency Strength Slope
Thank you for the indicators and ideas posted today. For the 'Currency Strength' indicator, when you say''For the before mentioned using Tma centered or Lwma if ignoreFuture = false, you are using Tma centered slope if true now using Lwma slope''....does this mean that if set to true it is kind of a TMAtrue, meaning it shows the crossover of the lines as they would have looked in real time on a visual backtest?
All the best!
Hello again Mr Tools,
I am not sure I understand all your points correctly in your last post:
- Are you referring to the 'Currency Slope Strength' indicator when saying ''its by default using daily values, but now with a 50 half period looks interesting''?..this is however not a variable input in it.
- When you refer to the Blau you are using is it the ECO one or the Ergodic one? There is also another Ergodic one somewhere here (version 2.01)
Thanks a lot for clarifying!
Attached is an indicator I created. Could you please add a few items to it :
1) A simple moving average for the indicator
2) An upper band and a lower band based on standard deviation and simple moving average of the indicator.
I tried doing it myself but got stuck on "onarray" and couldn't straighten it out.
Thank you in advance
Yes, but remember if using multi timeframe it probably won't look the same, unless back testing on same timeframe as indicator is set to.
Daniel this is the external parameter that controls the Tma's ::: extern double HalfLength = 50;, last week this was built in using a HalfLength of 20.
About the Blau on the picture I posted was the Blau Ergodic TSI, which i used last week with the CSS, but was testing the Blau Ergodic Candlestick(eco) and looks like it may be a better fit for the CSS, apologize for the confusion. Main thing to remember is the same oh same oh about the Tma Centered recalculating, but wasn't bothered by it last week, but can reach out and bite if not careful.
Here you go