Hi, do you set arrows from alert automaticaly on chart please ? and is it possible to test it in strategy tester ?

thank you :) 

Hi, "Volume Volatility Dashboard Multi Analyzer" is multiple currency pair dashboard and works in chart window instead normal chart of selected currency pair. First screenshot was made manually by me and it just shows how dashboard works when you manually set lines and arrows when alerts from dashboard come. In few days, I will make and publish video in which I will show all capabilities of this dashboard :)

For selected currency pair, you can test in strategy tester my other product "Interceptor PRO Volume Extremes Indicator", set and test different values of "Factor" parameter which in "Volume Volatility Dashboard Multi Analyzer" is called "Volatility_Depth". Dashboard works based on the concept from "Interceptor", so when you look at the values of "Interceptor" indicator you have the same values that appear in "Volume Volatility Dashboard" (when "Factor"="Volatility_Depth"). You can also change the visible values in "Interceptor" indicator to range from 0 (fixed minimum) to 0.01 (fixed maximum) and you get only extremely low values ("arrow up" or "buy"). Then do the same with extremly high values, e.g. select visible range from 99.99 to 100 ("arrow down" or "sell").

I've made indicator which sets arrows automatically on selected currency pair chart window (and also filters and confirms the results with another indicator for highest accuracy) and I've made also expert advisor on the basis of this indicator to find best parameters, but both are now in the testing phase and aren't yet published. I plan to do it within the next few days.

If you have more questions - just write :)

you're welcome, best regards :) 

Hi Dominik,

When is your new indicator which set arrow automatically going to come out? Is it not finish yet?

Looking forward to it

Regards,

Hi!

I've made several versions, also with the possibility of filtering the results (eg. using RSI). I use personally this indicator from some time, but I haven't published it, yet :) I will publish it but it won't be dashboard, only separate indicator, because dashboard works only with multiple currency pairs in one window - and indicator you can open in multiple windows with 1 currency pair/each window.

And I think, I will publish version not with arrows on chart window, but with bars on separate window. So, you can test different parameters simply adding more windows with indicator to chart window. It's hard to imagine so I'll give you example. As you can see below, I've got chart with EURUSD to which I added 3 times the same Volume Volatility indicator, but with different parameters. Of course, too "wide" parameters = too much signals = too much bad trades (too early opened buy/sell etc.), but every currency and timeframe must be optimized and tuned to individual trader. If you have questions - just write :) Regards.

p.s. of course, green bar=buy, red bar=sell :)

Some "live" examples taken now:

Hi Dominik,

Your new indicator looking good, combining with RSI is a good thinking (but it could be turn on and off right? so that we could put separate window the one with and without rsi filter)

What's with the smaller green or red line in the picture?

Hope you release it soon.

Regards,

Hi!

Yes, of course, you can turn off the filter. I wonder about adding to indicator other filters to choose, ie. CCI, MFI etc. in order to increase the possibility of filtering signals. I have already programmed it for my own needs, but now I have to combine everything in one indicator :) I'll try to do that on the weekend when the stock market is closed :)

Smaller green and red bars represents signals with less impact (but sometimes are enough to reveal trend retracement or reversal) or are forecast of big bars. Sometimes, after small bars there is a price action pattern as doji/pinbar or engulfing pattern and already then you know what to do :) I'll also try to exactly explain it in description of indicator.

If you have any comments/opinions/ideas, which could improve this indicator write about them and I'll see what I can do :)

Regards.

Hi Dominik,

I think the filter that suited your new indicator is RSI Divergence and VSA (tick supply and demand).

RSI divergence is almost perfect to find top or bottom cause of breakout failure, it looks like a breakout but it retreated... really pissed me off, used to get me at false breakout and stop loss (I cut loss I thought its gonna break out and make lose more, after I cut loss the price came back and I could have make a profit instead of loss and I said to myself WTF... and finally I found out why, ITS DIVERGENCE!!!!)

So that's why I hope you can make your new indi can at least benefit from divergence and saw that coming hahaha... :)

Thanks for listening and I am waiting for your indi release

Best regards,

Oh Dominik most important thing is Support and Resistance and trendline

Good luck incorporate all that \(*o*)/

Can't wait to try it out

Hi!

I don't have today too much time to write about what you wrote (ie. RSI divergence, VSA, S/R), because it will be a loooooong story, but generally I don't agree with the idea to put all in one indicator, because it simply doesn't work. For the same reason EA's don't work (I mean regular taking profits in the long run). Indicator should and can be only a hint to take decision, but never the only one reason to enter the trade. Everything that you said about divergence, supply and demand zones etc. is very important in trading, but if you combine everything in one indicator, believe me, you can wait for a signal days, months or years, because market never behaves the same twice (I mean, exactly the same). And do you know what happens if you wait too long? You think that you must set anew parameters (periods and levels to lower values etc.) to get any signal (because you want to trade, right?) and in the end you get bad signal and you blame for it indicator :) From my experience and research, best ever support and resistance lines, supply and demand zones etc. are those drawn by yourself. Only human being is able to think abstractly and see what any computer and indicator can't "see". Second issue is divergence, if you always wait for the divergence don't you lose a lot of opportunities to enter the market? I would rather put on money managment and setting reasonable stop losses with good risk to reward ratio, because it is not possible to always win. If you powering up your trading with indicator (Volume Volatility) and wisely set your goals tracking important things that you choose, know and like, eg.: s/r, pivots, s/d, divergences, fibonacci levels, trendline etc. you can earn money regularly.

Below quick example. Results of combining a few filters with our indicator, which is not 100% ready yet, but everything is on track. Any comments are welcome :)

Setting parameters.

Everything you've said its true off course, it's just my wishful thinking about all those things in one indi :)

And you're right again on it's not possible to always win, money management etc

Anyway your indi looking good already, hope you'll release it soon.

Best regards,

Wow that would be great news Dominik, you're really master of MT4 code if you make that Indicator with all off those inside it.

Can't wait to try it, REALLY!!!

Thanks

Hi!

I added the ability to filter signals: only with trend, only in counter-trend or both. Method that I use is based on 2 moving averages and you can set periods of moving averages in parameters of indicator. Below example with MA1=100 and MA2=500.

In first indicator's window signals only in trend. In second - only counter-trend. Additional, filtering with RSI in both cases. Pretty good results, don't you think? :)

Another filter added - Supply and Demand Zone as a "Room to the left" :)

In example below, indicator in first window shows every signal, in second window - only when price has min. 250 bars "room to the left". Both filtered by RSI as a default filter.

And, at this point, this is how it looks settings window:

I think that the price for this indicator will be really symbolic, looking at its features :) any comments, as always, are welcome. Regards!

Hi Dominik,

With Supply and Demand Room to the Left combine with RSI definitely looking better, more accurate I think

Speaking of the price I can't say anything it's your work and idea sir.

I just hope that I can afford it \(*-*)/

Any idea when are you going to release it?

Regards,

Hi!

I've made some optimization of code and I've tested everything. I won't change anything more in the indicator until publication, so it will be soon available. I'll try to upload it today evening or tommorow, but anyway we must wait untill moderator accepts everything (program, description etc.). This may take a few days. When indicator will be published I will work over the next improvements (maybe also after your tests, trades, comments and ideas we can improve it) and release them in next versions, which will be for you also available.

Regards!

Hi Dominik,

What's this new indicator will be called?

So I can look it up when it released

Regards,