AllAbsoluteStrengthTrend

I think - this MACD with OsMA histogram multi timeframe indicator from this post may help with this AllAbsoluteStrengthTrend-AllPivots system - just look at one profitable trade :

and for now - one losing trade :

So, we can see the signal lines can be used in overbought/oversold way for this system:

if signal lines are in overbought way on the time of price crossing pivot from above to below so this sell signal can be confirmed. Opposite for buy signal.

if signal lines of MACD with OsMA histogram multi timeframe indicator are located below zero level and price is crossing pivot from above to below - this sell signal can not be confirmed (opposite for non-confirmed buy signal).

This is example with confirmed sell signal :

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Indicators and template to download - read this page

I know that it is not perfect way of filtering false signals because we are filtering some good signals too sorry ... but at least we increase some valid signals by ratio.

May be - later - we can select some other indicator to filter false signal

ND i'm curious about GBPUSD H4 trade that you opened sell order. From what i see from your chart, the AllAbsoluteStrengthtrend should be turn to buy signal when you open sell order, right?

By the way i follow your link to download the template, so that i can follow your settings. But the AllPivots indicator set to yearly. I attached here another template that matched your setting on H4.

About GBPUSD - I did not followed the rules created by myself - AllAbsoluteStrengthtrend was not in red/coral color on the time of crossing pivot - you can see where I opened it :

Because what is 'price-crossing-pivot'? This is reversal from bullish to bearish, and from bearish to bullish. So, simple "price crossing pivot" is not enough because it should be the confirmation from AllAbsoluteStrengthtrend indicator (by color), or some price action or pattern ... so - i did not follow the rules sorry.

Originally Posted by matfx

By the way i follow your link to download the template, so that i can follow your settings. But the AllPivots indicator set to yearly. I attached here another template that matched your setting on H4.

Yes, you are right - I am using MN for pivot indicator. I corrected this post with your template.
Thanks.

Ok now i understand during the price cross the pivot line, AllAbsoluteStrengthtrend indicator not yet showing sign of sell. Anyway MACD OsMA indicator can be a good option to filter signal. Let's give it a few try.

Igorad,

let me thank you for this indicator. I think it is really useful opposite to the thousands other ones out there.

Originally Posted by igorad

Hi,

Please take a look at the AllAbsoluteStrengthTrend_v1 indicator with advanced sound/email alerts. So now you can easy build the systems like ASCtrend or AbleTrend (default settings correspond to ASCTrend1).

Code:

//---- indicator parameters

extern int     TimeFrame         =     0;    // TimeFrame in min
extern int     MathMode          =     1;    // Math method: 0-RSI;1-Stoch;2-DMI;3-MACD 
extern int     Price             =     0;    // Price = 0...10 (see List of Prices)
extern int     Length            =     9;    // Period of evaluation
extern int     PreSmooth         =     1;    // Period of PreSmoothing
extern int     Smooth            =     1;    // Period of smoothing
extern int     MA_Method         =     0;    // See list above
extern int     LevelsMode        =     0;    // Levels Mode: 0-Standard OverBought/OverSold 
                                             //              1-StdDev Bands
                                             //              2-High/Low Channel
extern double  StrengthLevel     =    70;    // Strength Level (ex.70)
extern double  WeaknessLevel     =    30;    // Weakness Level (ex.30)
extern int     LookBackPeriod    =    20;    // LookBack Period for LevelsMode=1,2 
extern double  UpperMultiplier   =     1;    // Upper Band Multiplier for LevelsMode=1 
extern double  LowerMultiplier   =     1;    // Lower Band Multiplier for LevelsMode=1 

extern string  alerts            = "--- Alerts & Emails ---";
extern int     AlertMode         =     0;
extern int     SoundsNumber      =     5;    // Number of sounds after Signal
extern int     SoundsPause       =     5;    // Pause in sec between sounds 
extern string  UpSound           = "alert.wav";
extern string  DnSound           = "alert2.wav";
extern int     EmailMode         =     0;    // 0-on,1-off   
extern int     EmailsNumber      =     1;    // 0-on,1-off

Attachment 1640


Regards,
Igor

Igor

Is it possible for you to update this indicator for new build ?

Thank You
secretcode

Originally Posted by secretcode

Igor

Is it possible for you to update this indicator for new build ?

Thank You
secretcode

Hi secretcode,

Please check out the updated AllAbsoluteStrengthTrend indicator for the new MT4.

Regards,
Igor