Archive for the ‘Forex Indicators’ Category
Automatically Optimize cross Moving average!
Still believing in Cross Moving Average and always seeking the simplest solution. I came across the sentence “there is no magic setting for cross MA”. This indicator tries out a lot of settings each time the time frame or the symbol changes or even on each new candle. It works by dull “trading” the last 100 or so candles and choosing the settings with the best success. It is simply measuring the distance between a short and a long signal, as if anybody have traded this without stop loss. It takes the spread into account.
The lower window shows the distance between the short and the long Moving Average positive values are for long trades, negative values are for short trades in pips. It may indicate a take profit.
The upper line says “Profit today with MA 5/19 is 60 pips”. The indicator or the user has chosen 5 for the fast MA and 19 for the slow MA. The next text field displays the results from yesterday followed by the signal Long or Short. Traders may like to drop two moving averages to the chart and set them up to the given value.
Inside the chart it draws triangles to indicate were a trade have had been on this MA settings, red triangles are for loosing trades, green for winning.
Parameters
- PeriodShort=6;
Period for the fast MA. Ignore if optimize is true - PeriodLong=40;
Period for the slow MA. Ignore if optimize is true - Method=0;
Method for iMA - Optimize=true;
The indicator automatically chooses values for fast and slow MA - DrawTringles=true;
Draw triangles into the chart - MinShortMA=2;
MaxShortMA=20;
MaxLongMA=100;
Min and Max values for the optimization, it will try out values between 2 and 20 for the fast MA and 7 to 100 for the slow MA - StepLongMA=3;
StepShortMA=3;
For speeding up the search, it is trying out every third value - CountOptimize=200;
It is analyzing 200 candles from the past. The more candles you analyze the slower it will be, a big number may also result in less good results - OptimizeOnNewCandle=false;
Start optimization on each new candle. Note: Optimization can take some time and slow down your terminal - Alarm=true;
Ring the bell if a new signal arises
Next step, I want to create an expert Advisor of it, however I am still wondering how to detect a sideways trend which should not be traded with cross MA. Until now my EA based on optimized cross MA sometimes makes excellent gains and burns it the next day.
Image:
Created by: tflores
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Channel ZigZag V2
The ZigZag is drawn by the channeling principle.
The channels can also be drawn if necessary (they are drawn by default).
It also displays some statistics – the ratio between the length of the section and that of the previous one, the length of the section (by length we mean the height in points from the lowest to the highest point).
Created by: Tinytjan aka TheXpert
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Multi Moving Average
Multi Moving Average – is an indicator which shows the information about 4 Moving Averages in a separate window.
You can change the input parameters in the Indicator Properties window for any of the moving averages:
- Averaging Period (period).
- Averaging Method (ma_method).
- The price type used for calculation (applied_price).
and many options for text labels:
It has been created to "unload" the price chart (especially of the Moving Averages), but save the useful information.
1. It shows the current state of the moving averages – rise or fall (using the different colors for boxes/arrow)
2. It show the currrent state of the moving averages relative to the price (or Moving Average with period 1) – is it above or below (using the different colors for text labels)
So, configuring the Moving Averages periods, it is possible to understand the market trend without using the moving averages on the price chart!
Image:
Created by: Alex5757000
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