Premium3 468x60 forex
Page 1 of 3 1 2 3 LastLast
Results 1 to 10 of 26
Like Tree7Likes

AllAbsoluteMarket

This is a discussion on AllAbsoluteMarket within the Trading tools forums, part of the Trading Forum category; Hi All, Please take a look at the advanced MTF AllAbsoluteMarket_v2 which with a sufficient accuracy allows defining 6 market ...

          
   
  1. #1
    Developer igorad's Avatar
    Join Date
    Feb 2013
    Posts
    2,078
    Follow igorad On Twitter Add igorad on Facebook Add igorad on Google+
    Add igorad on Linkedin

    AllAbsoluteMarket

    Hi All,

    Please take a look at the advanced MTF AllAbsoluteMarket_v2 which with a sufficient accuracy allows defining 6 market states, exactly:

    • Bull market
    • Bear market
    • Correction in a bull market.
    • Correction in a bear market (Bear Market Rally)
    • Choppy market
    • Flat(or Sideways) market


    As in AbsoluteStrength to define the market forces 3 methods of calculation are used: RSI, Stochastic and DMI. Using Length, PreSmooth, Smooth, Signal и MA_Method parameters you can achieve the desired accuracy of calculation. Keep in mind that a period of a signal line (Signal) starts from 1, in this case Bulls and Bears values on the previous bar are used.

    The indicator also applies a set algorithm for calculation used on high timeframes. It allows putting several indicators in one subwindow for different timeframes as it has been displayed in the image.

    If parameter AlertMode=1, then a monitor will display messages informing about changing market conditions.

    AllAbsoluteMarket-allmarket_2.gif

    Also just want to note this indicator maybe is only one which can show so many market conditions.

    Regards,
    Igor


    UPDATES:

    2013.04.22 - version v2.1: 1 minor bug fixed.
    Attached Files Attached Files

  2. #2
    Developer igorad's Avatar
    Join Date
    Feb 2013
    Posts
    2,078
    Follow igorad On Twitter Add igorad on Facebook Add igorad on Google+
    Add igorad on Linkedin
    Important: Please download fixed version v2.1.

  3. #3
    Member
    Join Date
    Jul 2013
    Location
    witbank
    Posts
    59
    Excellent help on chart

    Single instance works perfectly with the available settings

    Problem: Trying several different timeframe indis in same subwindow - they superimpose over each other
    - Try from navigator as well as "window" input
    MT4 509
    Pehaps some advice will solve this? Thanks

  4. #4
    Developer igorad's Avatar
    Join Date
    Feb 2013
    Posts
    2,078
    Follow igorad On Twitter Add igorad on Facebook Add igorad on Google+
    Add igorad on Linkedin
    Hi mosiskv,

    Please try with the same Window(eg. Window=1 for the 1st subwindow) and with different IndicatorValue(eg. 0.5, 0.75, 1.0). If you use the same timeframe, then
    please enter different UniqueNames for each indicator.

    Regards,
    Igor

  5. #5
    Member
    Join Date
    Jul 2013
    Location
    witbank
    Posts
    59
    Hi Igor - am checking this today

    Thanks again for prompt reply
    Last edited by mosiskv; 07-24-2013 at 02:55 PM. Reason: forgot something important

  6. #6
    Member
    Join Date
    Jul 2013
    Location
    witbank
    Posts
    59
    Hi

    Fictitious example to check indicators

    Start/Trade M30 chart clean
    Want to see this:

    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx M15
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx M30
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx H1
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx H4

    Settings:
    M15 M30 H1 H4
    Timeframe 15 30 60 240
    Indicator Value 1.0 .9 .8 .7
    Window 1 1 1 1
    Unique name qwe rty asd zxc
    The rest of settings as is

    Drag all from first one from navigator on same subwindow that appears
    with above settings in strict order from M15 to H4

    Get this display on chart in window:
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx M30 (instead of M15)
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx M30
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx H1
    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx H4

    When I rightclick on each in window the properties are as stated above

    When I rightclick on chart and check objects list on chart I get this:
    Object/text Name/qweM30text Description/M30 Window/1 .... Should be M15
    Object/text Name/rtyM30text Description/M30 Window/1 .... = M30
    Object/text Name/zxcH4text Description/H4 Window/1 .... Should be H1(Input order/display order!?)
    Object/text Name/asdH1text Description/H1 Window/1 .... Should be H4 (Input order/display order!?)

    This is as far as my MT4 knowledge stretch - MT4 509 Win7 Pro

    This is excellent to know(general idea) what is going on in in your reference timeframes without the
    hassle of changing timeframes/xtra chart/float charts/2nd monitor etc

    A suggestion to perhaps consider when you nxt allocate time to work on this:
    Make one idicator with all timeframes already available nicely formatable for smallest possible size
    on chart whether you use only one/2 or more timeframes - selectable with true/false and each with
    seperate setting/alerts etc.

    Thanks again for your previous prompt reply

  7. #7
    Administrator newdigital's Avatar
    Join Date
    Feb 2013
    Posts
    9,796
    Blog Entries
    1501
    Follow newdigital On Twitter Add newdigital on Facebook Add newdigital on Google+ Add newdigital on MySpace
    Add newdigital on Linkedin
    as far as I know - this indicator is not showing lower timeframe. It means: if you attach this indicator to M30 chart so everything should be high by timeframe started from M30. It means: M15 can not be shown in case of M30 chart.

    if I am mistaken so Igorad will correct me.

  8. #8
    Developer igorad's Avatar
    Join Date
    Feb 2013
    Posts
    2,078
    Follow igorad On Twitter Add igorad on Facebook Add igorad on Google+
    Add igorad on Linkedin
    Quote Originally Posted by newdigital View Post
    as far as I know - this indicator is not showing lower timeframe. It means: if you attach this indicator to M30 chart so everything should be high by timeframe started from M30. It means: M15 can not be shown in case of M30 chart.

    if I am mistaken so Igorad will correct me.
    You are absolutely right.

  9. #9
    Member
    Join Date
    Jul 2013
    Location
    witbank
    Posts
    59
    Thanks for info

    Very nice - Excellent help

  10. #10
    Administrator newdigital's Avatar
    Join Date
    Feb 2013
    Posts
    9,796
    Blog Entries
    1501
    Follow newdigital On Twitter Add newdigital on Facebook Add newdigital on Google+ Add newdigital on MySpace
    Add newdigital on Linkedin
    This is similar indicator but for Metatrader 5 (made by Igorad as well) - AbsoluteStrengthMarket_v1 indicator (attached, or go to MT5 CodeBase here) :


    AllAbsoluteMarket-absstrengthmarket_1.png
    Attached Files Attached Files

Page 1 of 3 1 2 3 LastLast

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •