MTH – OHLC MTF Moving Average

[lbs48]

MTH2014 wrote:

Hi Brother, Thank You for your post and Idea.. Yes It could be done, In General any MTF Indicator could also use with Renko Chart to create MBS Indicator… lol (Multi Brick Size).. as long

…

 

Many thanks for Your quick reply.

Yes, I think that understand You. But isn’t solution for me. More renko charts slows my veteran PC in my normal work.

Because I can’t watch charts full time, I still looking for a system with alert. But that’s another story.

I’ll try find suitable indicator which send alert in area bettween MF MA.

For ex. like on screenshot – arrows is QQE (with alerts).

 

Happy end of weekend.

 

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[MTH2014]

lbs48 wrote:

MTH2014 (Kiads) wrote:

Hi Brother, Thank You for your post and Idea.. Yes It could be done, In General any MTF Indicator could also use with Renko Chart to create MBS Indicator… lol (Multi Brick Size).. as long

… Many thanks for Your quick reply. Yes, I think that understand You. But isn’t solution for me. More renko charts slows my veteran PC in my normal work. Because I can’t watch charts full time, I still looking for a system with alert. But that’s another story. I’ll try find suitable indicator which send alert in area bettween MF MA. For ex. like on screenshot – arrows is QQE (with alerts). Happy end of weekend.

Yes Brother,  Reference Day is one day area where you get your ‘bias’ reference for the next trend, of course you could also trade at that area but with more ‘precaution’ since mostly this is the moment when we don’t know where the price will go next..

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[lbs48]

Many thanks again for your explanation.

I very much appreciate your friendliness willing.

[BalrogTrader]

Dear Kiads,

Do you think it is possible to apply the MTF logic used here (i.e. OHLC MTF MA) with your Sub-Sequence indicator?

Lets say I’d like to look at higher TF first (i.e. weekly or daily) and if I get a star or skull, I want to look at lower TF (like H4 or H1) and if I see a confirming S or S then I want look further lower TF like M15 and if I see any confirmation I want to trade.

Yet, since I’m -still- not experienced enough, I’m not disciplined enough to apply this routine every-time and for all pairs that I follow.

Then, is it possible to see all higher TF (or the ones that I choose) S and S’s in one chart, like you did in OHLC indie?

Best regards.

Nothing has ever motivated me more than this...

[gg53]

Here is my version on the subject:

It shows 1Day, 2Days, 3Days, 4Days, 5Days (weekly) MA’s on any time frame without the need to change params.

Enjoy.

G.

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[wolf schiller]

Hi Kiads

I am experimenting with your former MTH setup as in the attached screenshot.

I would appreciate your info about the different meanings of the white and red sculls and stars also.

Thanks in advance and keepup your great work!!

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[MTH2014]

wolf schiller wrote:

Hi Kiads I am experimenting with your former MTH setup as in the attached screenshot. I would appreciate your info about the different meanings of the white and red sculls and stars also. Thanks in advance and keepup your great work!!

Hi Brother, thank you for your post and comment.  btw is rather off topic but nvm,  here is the explanation of your chart screeenshot question..

Hope it help and best regards

MTH

 

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[MTH2014]

gg53 wrote:

Here is my version on the subject: It shows 1Day, 2Days, 3Days, 4Days, 5Days (weekly) MA’s on any time frame without the need to change params. Enjoy. G.

Thank You Brother,  will test ‘her’  immediately…

Best Regards

MTH

 

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Trader7]

Made a trade on XAUAUD
Sell at 1512.642
Exit at 1505.028
Ended with a profit.

Thank you MTH Kiads for the special MA’s and the settings.

Please keep up the good work you have been doing. It is very much appreciated.
You are an excellent teacher and a real asset to the forex community.

Your student. Still learning.

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[scissors]

Hi Kiads,

Thank you for this wonderful indicator and I have been testing it for the whole month of March and still testing it now. There are time when trade will be reverse though all senses are right, that was when I realize that it may not be as simple, trading decision can be conclude at the start of the day step, but entering the trade have to depend on a certain time range (at least for me).

Are you able to tell me where you find the source to develop this indicator? I would like to read up the theory and finding behind this indicator, so as to improve my understanding. Thanks alot.

My trade table may not be fantastic, but will try my best to understand this indicator to make it better

Scissors (always trying)

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[MTH2014]

scissors wrote:

Hi Kiads, Thank you for this wonderful indicator and I have been testing it for the whole month of March and still testing it now. There are time when trade will be reverse though all senses are right, that was when I realize that it may not be as simple, trading decision can be conclude at the start of the day step, but entering the trade have to depend on a certain time range (at least for me). Are you able to tell me where you find the source to develop this indicator? I would like to read up the theory and finding behind this indicator, so as to improve my understanding. Thanks alot. My trade table may not be fantastic, but will try my best to understand this indicator to make it better Scissors (always trying)

 

Hi Brother,  the source of course the ‘moving average formula’.  the basic is just create 4 variables that store values of MA for O, H, L , C,  then you could make it any ‘new’ values whatever you like base on your ideas.  and about stepped MTF function of course you could ‘search’ bunch of examples online. By learning the ‘ratio’ between every standard time ‘frames’ that ‘slashing’ the continuing price movement, later I believe that you could understand how to deal with that movement, and projected the future with higher success rate.

Best Regards

MTH

PS.  I believe that for all of you that use Meta Trader platform or any platforms that offer programming, then learning structural programming is a must to help you understand any technical tools ‘inside work’.

Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[martyw]

scissors wrote:

Hi Kiads, Thank you for this wonderful indicator and I have been testing it for the whole month of March and still testing it now. There are time when trade will be reverse though all senses are right, that was when I realize that it may not be as simple, trading decision can be conclude at the start of the day step, but entering the trade have to depend on a certain time range (at least for me). Are you able to tell me where you find the source to develop this indicator? I would like to read up the theory and finding behind this indicator, so as to improve my understanding. Thanks alot. My trade table may not be fantastic, but will try my best to understand this indicator to make it better Scissors (always trying)

 

I did what Kiads suggested, google for mql language, look in the help file (metatrader editor) and try to make your own indicator.

I can give you my first attempt, i must warn you this code is far from good/perfect.  but maybe it will help you, good luck.

Beste Regards,

Marty

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[scissors]

Thanks Kiads for the advice :)

Thanks Marty for the mq4. Will look into it :)

[armchemistro]

Thanks kiads.. Nice short here.. :)

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[Arthur]

Good day to you, MTH

First post here. I Would like to thank you for the wonderful work you do. In a world of instant gratification and no real sense of fellowship, your dedication is commendable. I registered here after going onto FF and browsed a little. Found your thread in the recycle bin ( I always look there – best threads can be found there)

Anyway – I am not a coder and I am not a statistical guru. I do however have an eye for patterns. I am much like you in that sense, I guess… show me and I understand.

So – hats off to you, this forum and the forum community. A lot of good people all piled into 1 page.

I have downloaded your OHLC MTF MA. Thank you so much for that.  The idea is great and far more “clever” than meets the eye. I have called your indicator through a bands type indicator just to bring it all together and the results look really nice. However – the signals only display on JPY pairs. Please see attached pictures of Dragon , EURJPY and USDJPY. I am attaching the indicator. It calls your OHLC MTF MA through iCustom – so only including the bands type indi. Could you kindly give your opinion on the indi as well as maybe attempt to have it show signals on other pairs outside of the JPY set? That would be awesome.

If you think this is not valuable – then tell me upfront.

I do however think the signals are worth a look. It may be luck – who knows until we do further testing.  Other than this, I have one more idea we can look at. But one at a time.

I understand that you are busy. But if you can have a look and comment, I will greatly appreciate.

All success to you

 

 

 

 

 

 

 

 

 

 

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[mak]

Great work Arthur, thanks for sharing!

[Arthur]

Hello, Mak

Just looks like a possible edge… although charts are 30 min, they coincide with MTH 4hr TVi to a large degree. The signals given on all 3 charts would have yielded some pipperoos. I am just wondering if this is lucky signals – due to currency movement at this time- or if there is a little more to it.

Anyway 0 – see if there is merit?

I have one more. Just testing – but you gotta have balls for this one…. will share in due course

All the best

[BalrogTrader]

Arthur wrote:

… However – the signals only display on JPY pairs. Please see attached pictures … 

Seems to work on XAUUSD as well…

Nothing has ever motivated me more than this...

[mak]

It works for me on all pairs, but the thing is, you have to download all time frames on individual currency pair.

@Arthur, i don t think there is any luck involved, Kiadz makes excellent toys for us and you made great looking mod…kudos!

[Arthur]

Good day to you, Gents

Can you please post some charts ( 30 min please) so that I can have a look? I do not think that pairs outside JPY will have the signals?

Thank you in advance

All success!

[Arthur]

Good day,

Here is the other idea. Looks bad.. But agressive.

Will we end in profit?

Same channel base indi.

Let us see..

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[Arthur]

Break up?

Then profit? Or totally crazy..

 

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[MTH2014]

Arthur wrote:

Good day to you, MTH First post here. I Would like to thank you for the wonderful work you do. In a world of instant gratification and no real sense of fellowship, your dedication is commendable. I registered here after going onto FF and browsed a little. Found your thread in the recycle bin ( I always look there – best threads can be found there) Anyway – I am not a coder and I am not a statistical guru. I do however have an eye for patterns. I am much like you in that sense, I guess… show me and I understand. So – hats off to you, this forum and the forum community. A lot of good people all piled into 1 page. I have downloaded your OHLC MTF MA. Thank you so much for that. The idea is great and far more “clever” than meets the eye. I have called your indicator through a bands type indicator just to bring it all together and the results look really nice. However – the signals only display on JPY pairs. Please see attached pictures of Dragon , EURJPY and USDJPY. I am attaching the indicator. It calls your OHLC MTF MA through iCustom – so only including the bands type indi. Could you kindly give your opinion on the indi as well as maybe attempt to have it show signals on other pairs outside of the JPY set? That would be awesome. If you think this is not valuable – then tell me upfront. I do however think the signals are worth a look. It may be luck – who knows until we do further testing. Other than this, I have one more idea we can look at. But one at a time. I understand that you are busy. But if you can have a look and comment, I will greatly appreciate. All success to you

 

Hi Brother, Thank You for Your Posting, Appreciation, and also Contribution to our community here in Penguins Trader Forum.

Please forgive me for this late reply and my bad English, hopefully You could understand.

About your current version indicator, it will work correctly for brokers with  4 digits and 2 digits JPY,  but will not work with 5 digits and 3 digits JPY due to programming code on internal function loop for “FindNearFractal”

double FindNearFractal(string sy="0", int tf=0, int mode=MODE_LOWER, int start = 2) {
if (sy=="" || sy=="0") sy=Symbol();
double f=0;
int d=MarketInfo(sy, MODE_DIGITS), s;
if (d==0) if (StringFind(sy, "JPY")<0) d=4; else d=2;

for (s=start; s<start+50; s++) {
f=iFractals(sy, tf, mode, s);
if (f!=0){b=s; return(NormalizeDouble(f, d));}
}
Print("FindNearFractal(): Ôðàêòàë íå íàéäåí");
return(0);
}

You could change it like this;

double FindNearFractal (string sy, int tf=0, int mode=MODE_LOWER, int pos = 2) //I change start with pos because start is reserve words in mql.
{
double f=0;
int d=MarketInfo(sy, MODE_DIGITS);
int s=0;
if (d==0) return(0);
//if (StringFind(sy, "JPY")<0) d=4; else d=2; // no need to limit digit value that called by MarketInfo;

for (s=pos; s<pos+50; s++)
{
f = iFractals(sy, tf, mode, s);
if (f!=0)
{b=s; return(NormalizeDouble(f, d));}
}

// Print("FindNearFractal(): Ôðàêòàë íå íàéäåí");
return(0);
}

please inform me if there still any bug, since I only look at quick glance and don’t have chance to tested ‘her’ more deeply..

Best Regards

MTH

PS. After looking more detail, there many more bugs, that make this indicator can’t display their ‘arrow’ in other pairs then ‘JPY’ please re-download the newest version if you already download before this update. now it’s work on all pairs for brokers with 4 digits or 5 digits,  Thanks and Best Regards

 

 

 

• This reply was modified 11 years, 1 month ago by MTH2014. Reason: re attached modified indicator

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Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/

[Arthur]

Good day, sir

Perfect. Herewith EUR chart… now signals! Good work.  Actually – have to thank you for the MA mod.. I do not think people realize what you have done here..

I have more suggestions..

But gracefully accept my thanks.. Please follow all. To see if there is merit. Add other tools.  Could be something..

Regards

• This reply was modified 11 years, 1 month ago by Arthur.

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[Arthur]

Good day to all,

MTH – thank you again for the work done on the indi. I have placed on the chart with the MTH Saver0 Mod of the Nihilist Pair strength indi you gracefully provided. They show bout the very same thing if placed on 1hr chart with the Pair Strenght indi set to 1 time frame higher ( showing 4hr formation). I changed the color line to duplicate the Mod you provided on the OHLC bands. If one only trade the color change on the Pair Strength indi, the OHLC mod may keep one out of a few “false” color change signals..

I however are not sure if the arrows were printed and disappeared on those instances, as they seem to follow the color change in any case. Will have to observe for a while.You did however mention that one of the unique features of the OHLC MA was that it keeps position? Will be interesting to see if this can be made into a trade able system

Thank you again for your assistance. Legend.

Wish you all good trading

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