[momentom]

An outstanding presentation Walter. The way you have documented this powerful but simple methodology is to be congratulated. That you have chosen to disclose will bring you much good karma I am sure.

There is an indicator on the Ninjatrader platform (free charting) called Variable Moving Average. The Ninja VMA is alleged to be the VIDYA MA. Is this the same as the VT version? I would love to follow your explanation with real charts on any of eSignal, MultiCharts or Ninjatrader so a little more info would be appreciated especially in the light of VT's recent platform problems.

Again, congratulations!

[Blu-Ray]

Right here goes:

I've coded it up as per VT's formula, when viewing TS alongside the VT version it's acts very similar, but it's not exact due to the slight variation in code between the ADX function in TS and the ADX function in VT.

Anyway, I think it's close enough, but if anyone wants to try and modify it further then send me a PM ( rather than clutter up this thread ) and I'll explain the discrepancy.





NOTE: When installing it onto your chart you'll have to:

A): Change the colour of your background to grey.

or

B): Change the colour of the "VarMa" plot to a different colour than black.


Cheers

Blu-Ray

[walterw]

Hey Blu-Ray, this is a GREAT contribution man ¡¡ I really aprecciate this much... cheers Walter.

[Blu-Ray]

Walter

Here's an example of the USDJPY that I was watching this morning, turned out to be a lovely move.

[walterw]

Absolutely gorgeous one ¡¡ I would say CLEAN...

You will see in coming posts that I will deal with the "iconic" setup... wich happens to be the one you just posted here... I see you are a fast learner Blu-Ray ¡¡ thanks for interacting, keep those charts coming in ¡¡ cheers Walter.

[brownsfan019]

Originally Posted by Blu-Ray »

Walter

Here's an example of the USDJPY that I was watching this morning, turned out to be a lovely move.

blu or walter -

The question I have is where would you have initiated the short, where would your protective stop be and where would you exit for a profit? I realize this is pretty easy in hindsight, but I'm curious to see how to actually trade this setup in real-time.

[Blu-Ray]

Originally Posted by walterw »

Absolutely gorgeous one ¡¡ I would say CLEAN...

You will see in coming posts that I will deal with the "iconic" setup... wich happens to be the one you just posted here... I see you are a fast learner Blu-Ray ¡¡ thanks for interacting, keep those charts coming in ¡¡ cheers Walter.

Thanks Walter, I'm looking forward to it as it looks a great method.

Cheers

Blu-Ray

[walterw]

Originally Posted by brownsfan019 »

blu or walter -

The question I have is where would you have initiated the short, where would your protective stop be and where would you exit for a profit? I realize this is pretty easy in hindsight, but I'm curious to see how to actually trade this setup in real-time.

So far as the thread is evolving we had dealed with entries... in the example from Blu-Ray the Timing entry would happen exactly on the circle he marked as the black line crosses bellow the darkgreen thick line on the 1 min chart...

About exits I will be posting soon... this will deal with profitable exits as with stops.... cheers Walter.