AllAverages

power[1,bet)=bet
power(2,bet)=bet²=bet*bet
power(3,bet)=bet^3=bet*bet*bet

etc

Originally Posted by sohocool

hi Zilliq,

why squareroot ???( alpha = SQRT(bet)[Pow])

if pow = 1 then alpha = bet

elseif pow =2then alpha = bet*bet

elseif pow =3 then alpha = bet*bet*bet

etc...................

Hi,
Great indicator Igorad - thank you.

I have an idea for trading using all the different types of MA..
Using color_mode=1 on each of the different MAs (same ma_period=60 in this case) on 1 chart, you get this;

- this is EURUSD 15m chart (also has the AllAverageCandles on).
The Yellow boxes show areas where most of the MAs start turning.... somewhere in the box is the consensus view
and this is where we could trade in that direction i.e. where the majority of the MAs turn the same colour

Just an initial idea for further investigation.

Igorad - I'm wondering if there is some way to code a consensus mt4 indicator - using the UpTrend/DnTrend from the AllAverages - to make a histogram separate window indicator - showing the number of up/down MAs ?

This is the template of the screenshot in case it's any use to anyone;
ma_consensus.tpl

Cheers
Padnoter

Hi padnoter,

Thanks for the idea.

I think - it may be particular case for EURUSD M5 :

but for general case - it may be difficult to catch the reversal - too many indicators on the chart, for example :

still early days, but I think there may be something in it - for entries... exits & SLs would need to be handled differently.

(my bad before - it was a 15m eurusd chart not a 5m - have updated original post)

I knocked up a quick histogram by butchering(sorry Igorad) the AllAverages just to give an idea of what I was thinking.
Here is the daily... & I've marked +15 / -15 as possible points of entry? There are 27 moving averages, is +15/-12 a good consensus? or maybe the slope of the histogram gives a better entry??



(this indi still not quite right - there are 27 MAs but some return 0 and won't get counted for some reason?? eg TEMA.. no idea!
FIXED - see posts below)

maybe some of the MAs should be removed (any that repaint, or any particularly slow/smooth movings ones).... do any repaint? I'm guessing the T3 basic might?

and of course a different MA value... 60 was just chosen at random really

it's an experiment.. work in progress

Yes, this idea may work - I just turned this chart from M15 to H4 and D1 timeframe and you can see :

H4

D1

======

I mean - for lower timeframe than H4 - it will looks like a scalping sorry. But for H4 and D1 - we can get good entry. The only problem is where to exit. Because "exit on opposite signal" will not work in this case.

Great, glad you can see something too..

Fixed the indi (it's still messy in the code & am sure Igorad could do a better job, if interested)

AllAverages_v3.1_consensus.mq4

I've also tried two different periods in the indi on same chart - 60 for main trend - entries in that direction. Plus a lower period (7) - to potentially show pullbacks for adding to position and/or re-entry for longer trends.

Here are Daily/H4/M15 charts... I've marked up a couple of examples on daily to show what I mean about pullback re-entries.





As you say, where to exit? Also where to set stoploss? One of this forum's trailing stops maybe, but which one - there are so many!

Question? Do you know how many of the 27 MAs repaint (and which ones?)
I only found this website yesterday, so have not had any chance to look at data & MAs in realtime yet

Originally Posted by padnoter

Question? Do you know how many of the 27 MAs repaint (and which ones?)
I only found this website yesterday, so have not had any chance to look at data & MAs in realtime yet

MA? it should not repaint : it is continuing painting in case of open bar, and it should not repaint on close bar. If it is repainted on close bar so it is related to coder's mistake for example.

Originally Posted by newdigital

MA? it should not repaint : it is continuing painting in case of open bar, and it should not repaint on close bar. If it is repainted on close bar so it is related to coder's mistake for example.

ok that would be great.. I'll take a look this week when market opens. I thought something like T3Basic repaints? Some are so smooth and fit so well I thought they must be re-calculating past values as new values come in.

some examples on 15m - scalp



hope the ideas are clear in picture. bars are small to show more - you need to look in MT4 to line up entry indicator & bars for a clearer idea of winners & losers

maybe cherry pick with a higher consensus(60) line - it's set to 15/-15... 20/25 or more might be better.

Here's the template btw;
ma_consensus_60_7.tpl

seems to work fairly well on all timeframes... but only created this w/e... so trade it on demo!!