Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

Hello to all!

Let me introduce one of the indicator I developed for NinjaTrader.

It works nice for trading futures market, but I think it will be also great for stocks.

I will not give full explain about it. Just what I can show you right now:

Red dots on chart - enter short on bar close

Green dots on chart - enter long on bar close.

 

The indicator code is very simple, but using some interesting tips. It also can be re-writed for any platform.

I wrote this indicator for scalping on 5min charts, but it also works nice with higher TF like 60m on 240m and Daily chart.

 

Oil 6fa808e797845d382dcb1f431475b494.png

S&P 14d2aa11f93e675cadec7855d9787a4a.png

S&P 80bf74f14540543ddfa060496e28c24a.png

NASDAQ e50977b4e59c37a3c4e19c0c2f4955a8.png

 

I want to know your opinion about this enter points and answer one more question: Do you want this indicator in your arsenal?

 

Thanks!

Share this post


Link to post
Share on other sites

This can't be considered a valuable tool for scalping... because you are not scalping. Further; any scalper worth his / her salt can tell you that you are missing the most productive trades of the day. Just looking at the charts you've posted that is obvious.

 

I would say, that if you desire to program an indicator for the purpose of scalping... you need to start over, and go with a faster chart than the 5M (try tick or volume charts).

Share this post


Link to post
Share on other sites
This can't be considered a valuable tool for scalping... because you are not scalping. Further; any scalper worth his / her salt can tell you that you are missing the most productive trades of the day. Just looking at the charts you've posted that is obvious.

 

I would say, that if you desire to program an indicator for the purpose of scalping... you need to start over, and go with a faster chart than the 5M (try tick or volume charts).

 

The model I'm using can be also applied on any timeframe - I told this in the start post.

About "productive trades of the day" - for each trader it's own enter points and best opportunities. And I don't think that all the traders must trade the same way and enter in all of the methods. I think that founding something interesting or new is more usefull for today's trading.

 

Thanks for your comment!

Share this post


Link to post
Share on other sites

I downloaded and installed your code from this thread.

It is fabulous. No full explanation is needed.

Best free code on the market - at any price!

Thx.

 

:roll eyes:

Share this post


Link to post
Share on other sites
I downloaded and installed your code from this thread.

It is fabulous. No full explanation is needed.

Best free code on the market - at any price!

Thx.

 

:roll eyes:

 

I'm very interested how could you download this code if I didn't upload it on the site. Very funny :)

 

To all who read this topic: i will not give the code or indicator for all of you. I will give the main idea and how to get those enter points to all people a little bit later. I really want to know opinions about those screenshots, your thoughts, your mind...

 

Huge thanks from my team and me to man, who answered this topic and told that we need to check tick timeframe - we didn't tried to check this TF before on this indicator, and we found that it's very usefull - it shows amazing results in real-time tests! Please, write me in PM - we really can develop amazing thing for us!

 

Have a nice weeked for all! Merry Christmas, guys!

Share this post


Link to post
Share on other sites
The model I'm using can be also applied on any timeframe - I told this in the start post.

About "productive trades of the day" - for each trader it's own enter points and best opportunities. And I don't think that all the traders must trade the same way and enter in all of the methods. I think that founding something interesting or new is more usefull for today's trading.

 

Thanks for your comment!

 

Yevhen...

 

Actually, you didn't make the statement that the indicator could be applied to "any" timeframe. You mentioned one other timeframe that the indicator works well on (just for the record).

 

Actually, I would like to change what I said. In several instances you have indicated the most productive trades of the day (I might add that your entries are far more crisp than anything that my methods would have captured...that's impressive... because I'm good at what I do (I am impressed).

 

I bristle just a bit at using indicators for scalping, because all that I've seen either produce too many false signals, or they don't produce enough signals (trades are missed).

 

That's why I don't use indicators...

 

As a point of reference... zdo has said some kind words here, and I do respect the guy. As it stands... I have no interest in the indicator... because, I can do better without it.

 

If it pleases you, and if you would like, please work with the indicator in faster timeframes. Post it... I and others (scalpers) may see the light that you have envisioned.

Share this post


Link to post
Share on other sites
Yevhen...

 

Actually, you didn't make the statement that the indicator could be applied to "any" timeframe. You mentioned one other timeframe that the indicator works well on (just for the record).

 

Actually, I would like to change what I said. In several instances you have indicated the most productive trades of the day (I might add that your entries are far more crisp than anything that my methods would have captured...that's impressive... because I'm good at what I do (I am impressed).

 

I bristle just a bit at using indicators for scalping, because all that I've seen either produce too many false signals, or they don't produce enough signals (trades are missed).

 

That's why I don't use indicators...

 

As a point of reference... zdo has said some kind words here, and I do respect the guy. As it stands... I have no interest in the indicator... because, I can do better without it.

 

If it pleases you, and if you would like, please work with the indicator in faster timeframes. Post it... I and others (scalpers) may see the light that you have envisioned.

 

Here is the screen of end of the day of S&P for today on 150Tick Timeframe

608ea182c49a8921465d1a34c9c0e944.png

 

And here is 1M timeframe:

99a1a1055e7ce18717d830cfe6af9054.png

 

I'm not saing that this is a graal or something like this, but I have some interesting signals from my own indicator and I want to improve it and share with other. But before share I need to know that everyone are intrested in it or we can improve it together.

 

I started to create my own indicators because I know that all indicators that we have right now in standart versions - they all are not usefull - they shows signals very late. And that's the reason why I started to develop my own things. My concepts to develop the indicator are:

- very simple in calculations

- the less settings we have - the better

- indicator must calcultae current situation on market

- indicator must not be re-calculated

 

And this principles are shown in this little version of my theory. I hope we understand each other. If you want to discuss it more - we can call on skype and talk about it! It will be very pleasent to me.

 

Regards.

Share this post


Link to post
Share on other sites

Yevhen....

 

I would have to look at the 150T ES chart in more detail, but color me impressed. As I don't have any coding experience I would be of no help in that regard, but possibly I can plant some seeds in your brain from a scalpers perspective. I'll PM you with an email address, and if you would like we can talk further.

 

Nice work, man... you've impressed a die-hard price action trader. I didn't see that coming... cool, you've made my day.

Share this post


Link to post
Share on other sites

re “zdo has said some kind words here”

jpennyb, my words were sarcastic - not kind.

 

To clarify -

I find nothing wrong with the concepts themselves... Have backtested stuff like this until the cows came home. ...and

I have nothing at all against vendors either. I wish them all the best.

 

However, running Golden C promotions on the Coding Forum sub forum crosses a forum ethics line. This Coding Forum sub forum is only for those who are sharing code with everyone. clearly not what he is doing ... in his own words

To all who read this topic: i will not give the code or indicator for all of you. I will give the main idea and how to get those enter points to all people a little bit later.

 

he continues

I really want to know opinions about those screenshots, your thoughts, your mind...
This means the topic should have been started in the Technical Analysis sub forum ... and this conversation should be moved there now ... (more traffic there btw :))

From there, an appropriate transition to the Commercial Content sub forum could be made for “how to get those enter points to all people a little bit later”

 

... or this could get “very funny” - NOT!

Share this post


Link to post
Share on other sites
re “zdo has said some kind words here”

jpennyb, my words were sarcastic - not kind.

 

To clarify -

I find nothing wrong with the concepts themselves... Have backtested stuff like this until the cows came home. ...and

I have nothing at all against vendors either. I wish them all the best.

 

However, running Golden C promotions on the Coding Forum sub forum crosses a forum ethics line. This Coding Forum sub forum is only for those who are sharing code with everyone. clearly not what he is doing ... in his own words

 

he continues This means the topic should have been started in the Technical Analysis sub forum ... and this conversation should be moved there now ... (more traffic there btw :))

From there, an appropriate transition to the Commercial Content sub forum could be made for “how to get those enter points to all people a little bit later”

 

... or this could get “very funny” - NOT!

 

I see no reason to give first version of indicator, cause it's only testing. And if somebody wants to help me - I'll be glad and also will share the indicator here in this topic after it will be ready to work!

Share this post


Link to post
Share on other sites
I see no reason to give first version of indicator, cause it's only testing. And if somebody wants to help me - I'll be glad and also will share the indicator here in this topic after it will be ready to work!

 

I understand... and ...

I do see a reason.

 

Reason: (perceived) golden C / vendor abuses start fights, etc etc and run a surprising number of users off from trading forums like TL,... and traffic on TL is currently ‘sub optimal’... putting it nicely/to say the least...

btw if you didn’t have a golden C accompanying your posts’ contents and phrasing, I wouldn’t have said a word.

... YevhenShynkarenko, not after you personally at all... hope you find something profitable...

 

 

Let’s keep it simple -

If you post code in this sub forum (and ask for help in developing it (or not)) - that’s fine.

If you don’t post code - then get out Easy for you to move the whole conversation to the Technical Analysis sub forum

 

Wishing you all the best,

 

zdo

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By edakad
      Firebird is an indicator to identify the price spikes in the market. Firebird indicator first calculates a 10-period moving average, then shifts this moving average a certain percentage above and below the 10-period moving average. The shifted averages are drawn on chart as the red and green line. When price touches these lines, price spike is identified. Usually after a price spike, the trend reverses for some time. The indicator can be used to take advantage of this price behaviors. In daily chart usually the 10 period MA is shifted by 2 percent to form the price bands. On lower time frames like Hourly, Four Hour a smaller percentage price shift is used like 0.5% . The important consideration here is most of the price bars must be contained within the upper and lower bands.
      When price reaches above the upper red band, a sell position is opened. When price reaches the lower green band, buy position is opened. Trades can be managed with proper stop loss and take profit. In the picture, Firebird indicator is attached to daily chart of EUR/USD with 2% shift on MA. Note that almost all price bars are within the price bands. And when price extends beyond these bands, price trend reverses and comes back into the bands.

      FireBird.zip
    • By magesvh
      I'm currently using Ninjatrader for my trading. But I have a problem with the Tick Chart and when I use any Indicator. When e.g. the market is very fast or my internet is slow (for a moment), then the value of the candles and indicator is wrong. 
      So I refresh the chart after every finished candle. 
      Does anybody know a software without this problem?
    • By lebnooni
      Hello I am interested in starting day trading, I have been trading the last year in long term investing but lately I have been getting really interested in day trading. I am from Canada and would like some pointers on where to start and what softwares, screeners, platforms etc to use here in Canada. Thanks in advance!
    • By mirko994
      Hello guys,
      Anyone has the code of this indicator?  I am trying to find the logic behind it.
      Trend Magic Indicator FREE
       
      Kind regards,
       
      Mirko

  • Topics

  • Posts

    • Date : 30th November 2021. Market Update – November 30– Stocks at ups & downs. Omicron remains in focus and warnings that it will leave current vaccines far less effective and that it will take time to modify and produce new ones has seen markets adjusting growth forecasts and central bank projections.   USD (USDIndex 96.00 up from 95.92 low) saw a fresh wave of risk aversion as Treasuries sold off, but cautiously with only a modest back up in yields, & Stocks bounced significantly with the USA100 jumping over 2% intraday with IT a big winner. It closed with a 1.88% gain, with the USA500 1.3% firmer, and the USA30 up 0.68%. Wall Street stocks closed higher as investors were hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from US President Joe Biden. Moderna’s CEO told the FT that existing vaccines will be less effective and that it may take months before modified vaccines are available at scale. #Moderna +12.73% yesterday. US Yields 10- and 30-year rates were up just over 3 bps to 1.51% and 1.859%, respectively, with the 2-year 1bps higher at 0.508% The 10-year is currently corrected -3.9 bp to 1.46%, but it is still in negative territory, at -1.05% on Tuesday, keeping gold’s opportunity cost low. Equities – Topix and Nikkei are down -1.0% and -1.6% respectively, Hang Seng lost -2.3%, the CSI 300 -0.6%, while the ASX outperformed with a modest gain of 0.2%. USOil – down by 2%, drifted to $66.73 – after FT cast doubt on the efficacy of COVID-19 vaccines against the Omicron – expectations are growing that OPEC+, will put on hold plans to add 400,000 barrels per day (bpd) of supply in January. Gold spiked to $1795 – World Health Organization said on Monday carried a very high risk of infection surges. #TWTR was UP 12% pre-market on news Dorsey was leaving as CEO – it closed DOWN 2.74%. The USA100 rose+1.88%. FX markets – Yen rallied (a new flight to safety), Aussie and kiwi slide. USDJPY at 112.94, EURUSD now 1.1326 & Cable steadied to 1.3300-1.3330. European Open – The December 10-year Bund future is up 46 ticks, Treasury futures are outperforming and in cash markets the US 10-year rate has corrected -3.9 bp to 1.46% amid a fresh wave of risk aversion. DAX and FTSE 100 futures are down -1.5% and -1.1% respectively, while a -1.1% drop in the Dow Jones is leading US futures lower. In FX markets both EUR and GBP gained against the Dollar. EGB yields had moved higher against the background of improving risk appetite and a jump in German inflation yesterday, but while Eurozone HICP today is likely to exceed forecasts, central bankers have already been out in force to play down the importance of the number for the central bank outlook and rate expectations. Virus developments will also help to take the sting out of the number. Today – German labour market data, EU Inflation, Canadian GDP and US Consumer confidence are due today. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen are due to testify before the US Senate Banking Committee at 15:00 GMT. Biggest FX Mover @ (07:30 GMT) AUDJPY (-0.68%) Risk-sensitive currencies slid and safe havens gained. AUDJPY dropped to 80 lows (S2). Currently MAs point rightwards, MACD signal line & histogram below 0, RSI rising above 30 but Stochastic OS. Hence a mixed picture intraday. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date : 29th November 2021. Market Update – November 29 – Omicron dominates sentiment. USD (USDIndex 96.30) recovers from Fridays slump (95.98), Stocks lost over –2.2% in thin half-day trading, Oil FUTS lost –13%, Gold slumped and Yields tanked (10-yr 1.482%) on a safe haven (JPY & CHF bid) risk off day. (and a strange carry trade bid for EUR). Weekend news, as Countries block flights and tighten restricts, but first Omicron cases in SA appear mild and hospitalizations have not spiked, has seen a bounce in sentiment and Asian markets. Pfizer suggested it would take 100 days to adapt new vaccine, if required. US Yields 10yr trades up 5.1 bp at 1.52%, after Friday’s slump. Equities – tanked in thin and short day on Friday USA500 -106.84 (-2.27%) at 45941 – USA500.F trades higher at 4639. USOil – collapsed to $67.08 – now up nearly $4 at $71.00. OPEC+ have delayed this weeks meeting by 2 days & likely to delay planned January production increases. Gold spiked under $1780, has bounced to $1795 but struggles to recoup $1800   FX markets – EURUSD now 1.1270, after a +125pip rally on Friday, USDJPY now 113.36, from 115.50 to 113.00 on Friday & Cable back to 1.3325. Overnight – JPY Retail Sales recover but miss expectations (0.9% vs 1.2% & -0.5% last time). European Open – The December 10-year Bund future is down -27 ticks, US futures are also in the red & the US 10-year rate is up 5.1 bp at 1.52%. Stock markets remained under pressure during the Asian part of the session, but DAX and FTSE 100 futures are up 1.2% and 1.3% respectively and a 1.2% rise in the NASDAQ is leading US futures higher. A part reversal of Friday’s flows then as virus developments remain in focus. Travel restrictions are making a come back and the services sector in particular is facing fresh pain, but as Lagarde suggested over the weekend, the impact of Omicron is unlikely to throw economies back to the situation at the start of the pandemic, meaning the overall situation has not really changed. We continue to see the ECB on course to end PEPP purchases on time in March next year, although developments will add to the arguments of those who want to keep the flexibility on the distribution of asset purchases at least for future emergencies. The BoE meanwhile may be postponing the planned rate hike into next year. Today – German regional and national CPIs, Eurozone Consumer Confidence (final), US Pending Home Sales, ECB’s de Guindos, Schnabel, Lagarde, Fed’s Williams, Powell. Biggest FX Mover @ (07:30 GMT) CADCHF (1.00%) The risk-off collapse on Friday 0.7400-0.7200 has recovered to 0.7280. MAs aligned higher, MACD signal line & histogram rising but still below 0 line, RSI 53.80 & rising H1 ATR 0.0018, Daily ATR 0.0062. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HotForex Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Stuart Cowell Head Market Analyst HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Forex Trading is considered to be only profitable, if you have practice Forex Trading, till you have mastered the skills and knowledge to survive in the Forex Market.
    • Though there are many videos available online on Youtube, you cannot actually learn through them, if you don't practice in the Forex Real Market.
    • USDJPY PRICE OUTFLOW IS DRAWN BY SELLERS BACK TO 114.840   USDJPY Price Analysis – November 25 USDJPY price outflow is being held back as a consequence of bears causing opposition to the market influence. The price structure of the market strives to maintain an uptrend configuration under a bullish influence. However, the sellers are causing some resistance in the market, which is causing a hold in the market configuration. Because of this conflict in the market, the outflow of the bulls in the market will be held back to the 114.840 critical level. USDJPY Critical Levels Resistance Levels: 114.840, 112.790 Support Levels: 110.800, 109.100 USDJPY Long Term Trend: Bullish The bullish outflow price structure initially began with the expansive breadth of consolidation. The market was birthed after a strong price expansion before the bullish uprise. The price undulated between the breadth of the 110.800 and 109.100 significant price levels. As a result of this accumulation, the price was then pushed out to higher levels. With the continuation of the market expansion, buyers outflow upward, with the bulls taking hold of the market. Furthermore, price continues to experience more outflows as several structural levels were broken. When USDJPY eventually gets to the 112.790 level, the price resumes its accumulation phase. The market encountered a short phase of expansion before resuming bullish persistence. The price finally breaks through the 114.840 significant level and we expect a withdrawal back to this price level before bullish engagement. The Tensile Strength indicator shows the resilience of the market influence as the market is set to resume its bullish leverage after sellers retreat. USDJPY Short Term Trend: Bearish The 4-hour chart of USDJPY shows the price configuration riding upward following a strong force that broke through the 114.840 critical level. The price is now set in a retreat motion as the price is seen to be pulling away to the 114.840 price level. The Moving Average Convergence and Divergence indicator shows the market’s prevalent direction as the price is set on a pullback course to the 114.840 critical level before bullish outflow.   Source: https://learn2.trade
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.