[walterw]

Originally Posted by ztrader »

walterw & Pyenner,

I applaud you for making the effort on your attempts for a "perfect" - exact match of the VT version. This maybe an exercise in futility as the actual result of the conversion maybe affected by the codes and how it is executed in the respective platform. If one feels that the VT version gives him/her an edge in trading the method, then so be it and use VT. I think the MT4 version of igorad is more than sufficient to trade your method profitably. The looks would just have to be in the eyes of the beholder and trading results are always based on each individual trader's ability, regardless of graphics and systems. I use the VMA on NT and on MT4, only one of them lines now and it serves me well. Then, of course, my trading approach is completely different.

You are presenting a very viable method here. Please don't let the minor variance in the horizontal line takes you out of focus unless it is causing your trade to lose or giving up over 10 pips.

My 2 pips on the match. Is it match point yet at the U.S. Open [tennis] Championship?

ENJOY!

ztrader

I completly agree Z ¡¡ really this very small ploting diferences doesnt have nothing to do with the overall argument... I did imagine that we will not get the exact match as how the platform does the calculation...

At this point after comparing lots of charts between VT and MT4 I made my mind and decided to drop VT and stick too Igorad`s second version of the indicator on MT4 that really performs very well... so at this point I will not deal any more with the programing issue as to the trading methodology that has a very nice clear performance...

So once again thanks to Igorad for his great contribution and other programmers on this great attempt... cheers Walter.

[PYenner]

Originally Posted by walterw »

Hi Pyenner... my question is,why is it that we cant still dont get the exact match of the vt version ? what does this formula on VT has specially on the horizontal effect ? I think Igorad`s second version its "almost" identical... but the horizontal effect still varies a little from VT`s ... any hint on the calculation ?... thanks for efforts... at this point I am sticking to Igorad second version as I am testing historical data..
cheers Walter.

When I read the VT manual on the ADX Bemac was using, it said that an "8 period" ADX actually used a 15 period ema. That explained why people were getting different results on different platforms. A further problem is that ema's can be done different ways which seems to be the case with VT and MT4. The reason the slow Magenta line is slower than VT, is because MT4's ema uses more than double the periods it claims to use.

My first hope had been to make a version that used no function calls and could then be ported to any platform with identical results. I gave up when I realized it would mean coming up with my own ema routine. Who needs it?

It was only after Igor did his first version and did the hard work for me that I made another attempt. I was late getting his second version and got only a few hours on the VT chart before VT shut down for 5 hrs and stayed down over the weekend. So I don't know how well Igor2 compares to Bemac because I have not beeed able to compare them. Then the fantails stopped working in MT4. I am guessing I may have to rename the tpl files to get them going again??

Regarding Igor2, the order of the lines can be reversed so that the important yellow lines are on top of the rest of the rainbow. The ema period can be fiddled to better match the speed of VTs emas. They might also be done as sma's which should port perfectly to other platforms, the main difference is in the way the yellow band folds over during a reversal. Using sma's gives a sharper bend that sticks up higher. It would help to have both versions going to see what matters.

I will be doing a fast 5 line version for myself using sma's for the lines simply because the fantail and template is too slow for my system which is already overloaded with a home made indicator. I hope to be able to adjust it to perform like Bemacs and then work on optimizing the flat area performance.

Hope to also tweek Igors ema periods closer to VTs, but can't do that while VT is giving me no market feed.

[PYenner]

z

Like you, I have my own system which I will be sticking with but I will be adding the VMA to it and adding Walters methods.

I cant use the fantail on top of what I am using which already has the hourglass coming up when prices move fast and I get the message "price out of date" when I try to close. Don't need that bit.

So I need a fast version for myself and others may also need that.
A version that can port directly to other platforms with identical results would also help people talk the same language when discussing tactics.

I also have concerns with the MT4 platform especially the charting language and its dubious implementation. If something better came up I would be glad to switch. So the idea is to keep things portable for the future.

Since I will be depending on the VMA indicator I will be pulling it apart to see if it can be improved, that is just me. Need to understand what I am relying on so I can judge when not to rely on it. Knowing when to stay out is close to being critical, its the make or break of trading.

[momentom]

Here is what I finally settled on. Its The eld that Blu created imported into MultiCharts. I'm content with the horizontal line. The dotted lines is the ATR stop.

I am currently using it (with a few other things) to trade the DAX off this 377 volume chart. If Walter opens a non FX thread for the rainbow, I'll be happy to share - don't want to contaminate this one. Thanks again Walter, its a great addition to my toolbox.

[PYenner]

Please evaluate MT4 ADX_VMA indicators.
They have only the three main lines, not the whole fantail.

It is the performance of the Yellow base line that matters.

There are two files, one was tweeked to give more extreme flat lines for use in scalping 1Min charts.
The other is for 5Min or whatever charts, it is closest to Bemac's.

The 1Min indicator has-

ADX_Periods=24 gives more flat
VMA_Sample_Bars=24 gives more flat
Undershoot=40 alternative is 20
MA12_Periods=32 Bemacs crossover line used 24, 32 puts it further out from the base line
MA49_Periods=99 Similar to Bemacs outer line but using smas here, Bemac used emas

The 5Min indicator has-

ADX_Periods=16
VMA_Sample_Bars=8
Undershoot=40
MA12_Periods=32
MA49_Periods=99

Rename ADX_VMA_Eval_5Min_mq4.txt to ADX_VMA_Eval_5Min.mq4
Ditto for ADX_VMA_Eval_1Min.mq4

Tweek mainly the first two variables.
Avoid extreme numbers, no zero, no negative numbers.
Find out what works for you.
Cheers

[walterw]

Originally Posted by momentom »

Here is what I finally settled on. Its The eld that Blu created imported into MultiCharts. I'm content with the horizontal line. The dotted lines is the ATR stop.

I am currently using it (with a few other things) to trade the DAX off this 377 volume chart. If Walter opens a non FX thread for the rainbow, I'll be happy to share - don't want to contaminate this one. Thanks again Walter, its a great addition to my toolbox.

Nice Stuff momentom ¡¡ I like to see how you can perfectly use this tools on other instruments... we can perfectly start a new thread so we can expand horizons on the aplication of Vmar on other instruments and in combination with other methods... thanks for your inputs, will be anxiuos to see how you trade with this tools... cheers Walter.

[walterw]

Originally Posted by PYenner »

Please evaluate MT4 ADX_VMA indicators.
They have only the three main lines, not the whole fantail.

It is the performance of the Yellow base line that matters.

There are two files, one was tweeked to give more extreme flat lines for use in scalping 1Min charts.
The other is for 5Min or whatever charts, it is closest to Bemac's.

The 1Min indicator has-

ADX_Periods=24 gives more flat
VMA_Sample_Bars=24 gives more flat
Undershoot=40 alternative is 20
MA12_Periods=32 Bemacs crossover line used 24, 32 puts it further out from the base line
MA49_Periods=99 Similar to Bemacs outer line but using smas here, Bemac used emas

The 5Min indicator has-

ADX_Periods=16
VMA_Sample_Bars=8
Undershoot=40
MA12_Periods=32
MA49_Periods=99

Rename ADX_VMA_Eval_5Min_mq4.txt to ADX_VMA_Eval_5Min.mq4
Ditto for ADX_VMA_Eval_1Min.mq4

Tweek mainly the first two variables.
Avoid extreme numbers, no zero, no negative numbers.
Find out what works for you.
Cheers

Thanks for all your efforts Pyenner, had been triyng yours here on mt4... looks interesting... must admit I became visually dependent on the entire rainbow... do you plan to eventually make a version of this optimizations with the entire rainbow ? cheers Walter.

[PYenner]

Here is a modified copy of Igorad's template with the yellow in the foreground and magenta in the background. Also one line in each band is bolder, might help.

Rename VarMA_v1a_tpl.txt to VarMA_v1.tpl