[walterw]

Multiple Time-framing is a science not really much understanded by most traders... the croud gets confused with so many charts, many people tend to get waco with this multiple charts...

The fact is that the information is only ONE... how much compressed it is or not in its plotting process its another bussiness...

Drummond in his presentations talks about the 1/5th scale as a good way of compressing or decompressing data...

Why decompressing data ? for example so far I presented 5 min charts, my 1/5th decompression of data would be 1 min... why ?

Thru decompression of data we can have several advantages like : more data series to calculate on, get smoother results thru more data series averaged on an x algorithm... we can get more specific spots for our timing...

SO... looking at a 1/5th 1 min decompressed chart does not mean I am not looking at the 5 min chart data... its the same data ¡¡ only its decompressed, so I can take advantage of that decompression...

Thats why I insist that the spirit of my trades are always on the 5 min chart... but my "specifics" are plotted on a 1 min chart...

[unicorn]

Originally Posted by walterw »

I dont use the oscillator for timing purposes... I prefer to just use him to tell me if a cycle may be ready for an inflection...

Excellent videos Walter. You are a very good mentor.
Will you please explain the concept of your oscillator?
Which quantities it involves and the physical meaning of its construction?

Thank you.
Unicorn.

[walterw]

Now, let me introduce to you my 1 min chart... it has only two lines, no oscillators here... it cant get any simpler...




Simplicity and Optimization at its MAX ¡¡

you have here the power of clean simple vma`s... very little whipsaws between them... they lead quite well thanks to the decompression of data... giving you very good specific spots to time your trades... they also have the blessing of keeping you inside a trade if you wish...

So many advantages... interesting... a good evolution process has to lead into real simple final products... looks like a kindergarten chart... thought he belongs to the future millonaire generation that grasps its power ¡¡

cheers The Chimp.

[walterw]

So let me give an example of how we can do our "Setuping" on 5 min and our "Timing" on 1 min...





On this simple example that just happened, you can notice how a centrifugal action took place as we had a NET Up Trend and we got an Icon setup to trade there... on the 1 min chart our two vma lines gave us a clean entry...

Simple as that... I dont say this is perfect, but it really works very clean ¡¡

Cheers The Chimp.

[walterw]

This video shows how we now integrate the setuping on 5 min and the timing on 1 min... cheers The Chimp.

[Armand]

Originally Posted by walterw »

This video shows how we now integrate the setuping on 5 min and the timing on 1 min... cheers The Chimp.

Walter, great video! Its becoming clearer and clearer. Please keep these videos coming. The oscillator is still a little fuzzy for me too. Any additional comments you can make about the oscillator in the videos will be helpful.
Many thanks to you and PYenner for all your hard work and willingness to share...Armand

[PYenner]

Armand
The oscillator is quite wild and tends to get me in trouble when the blue line is flat, the thing that moves the most seems to get my attention.
For my own sanity I now tend to wait for the blue line to trend before I get excited.
I think the short fast movements during consolidation get ahead of 5min indicators and they become contradictory. Concepts like overbought or lazy are some use with the oscillator but it helps if there is trend which tends to give longer (time) cycles which suit 5min indicators better, then they are more in step with the action.
Unfortunately we seem to have had a lot of flat blue line recently which has not helped at all.
Regards Bruce.

[Blu-Ray]

Originally Posted by michaltrade »

Blu-Ray,
Where are you? The party is not over yet. There are still beer and coffee on the table.
We need your help to convert the following indicators in this thread to ELD code. Thank you.


Attached Files
File Type: mq4 ADXVMA6_12bar.mq4 (6.4 KB, 13 views)
File Type: mq4 ADXVMA6_16bar.mq4 (6.4 KB, 13 views)
File Type: mq4 Chimp2_1.mq4 (4.3 KB, 13 views)
File Type: mq4 TLOMI NonLagMA_v4.mq4 (4.6 KB, 13 views)
File Type: tpl chimp 5 min chart.

tpl (2.2 KB, 12 views)

Thanks Michal

I'm currently trying to code them but

I've eventually got the 2 ADXVMA's coded up, as of most of yesterday, I was because it wasn't working. I copied the code exactly from the MT4 downloads but still no joy. Then after more I eventually realised that ,although they're called 12bar and 16bar they're actually preset at 4 and 40, aaaah, eventually after hours wasted, it was something so simple that I should have checked but thats life.

Anyway so far, I'm on with the TLOMI indicator, but having no joy yet as it's plotting incorrectly, I'm on the case though and will post them all once done.

Cheers

Blu-Ray