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Red Light / Green Light

 

I have previously posted this on another thread.

It was for MultiCharts.

 

Someone asks if I can make a TradeStation version.

Yes of course, here it is:

 

 

This might well be the Holy Grail you have been looking for.

 

Description: this is a MA based indicator

 

The indicator turns green when the price is trading above the MA

and turns red when the price is trading below the MA.

 

Format Setting:

set the General Style to Point, Weight to heavy

For the indicator to appear on the bottom of the screen, set the scale Range to Maxium=50, Minumum=-1

For the indicator to appear on the bottom of the screen, set the scale Range to Maxium=1, Minumum=-50

 

You can adjust the Length of the MA period.

(MC only) if you leave it at 0 (zero), the MA is automatically set to 3 periods for minute/hour/day charts

and 7 periods for tick and volume charts

Midrange is used to calculate the MA

 

 

attachment.php?attachmentid=10335&stc=1&d=1240892114

redlight_greenlight_(MC).txt

redlight_greenlight_(TradeStation).txt

redlight_greenlight.gif.e4b1f7164485c35c37cec5cbef23b773.gif

Edited by Soultrader

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Here is a version that can be used in Investor/RT or MarketDelta:

 

Images | ChartHub.com

 

Pro version is required. To adjust the MA period, double-click on the red light color markers, then click "Edit", then double-click on the MA token in the upper right corner.

 

Here is another version of that chart that gives red light/green lights for 6 different MA periods (From Top to Bottom: 5, 10, 20, 40, 80, 160);

 

Images | ChartHub.com

 

RedLightGreenLight_3.png

 

Another view with rectangles (and zoomed out) instead of ovals/circles:

 

http://www.charthub.com/images/2009/04/27/RedLightGreenLight_4.png

 

RedLightGreenLight_4.png

Edited by LS_Chad

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crossing ADE - All Data Everywhere with Red Light / Green Light

 

Tams

 

You explained very clearly what we can do with All Data Everywhere

 

Leanrning from an indicator is the best to understand EasyLangage

 

Would you mind to code a "Bach' variation" from Red Light / Green Light to show how ADE works ?

 

In a 1 mn chart

 

First line of dots

The indicator turns green when the price is trading above the MA of a 60 mn chart

and turns red when the price is trading below the MA 60 mn

 

Second line of dots

The indicator turns green when the price is trading above the MA of a 15 mn chart

and turns red when the price is trading below the MA 15 mn

 

Third line of dots

The indicator turns green when the price is trading above the MA of a 5 mn chart

and turns red when the price is trading below the MA 5 mn

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crossing ADE - All Data Everywhere with Red Light / Green Light

 

Tams ...

Would you mind to code a "Bach' variation" from Red Light / Green Light to show how ADE works ?

...

 

 

 

I am busy in the next 6 weeks.

I will try to find some time in between.

 

Anybody want to give it a try?

Programming skill improvement guaranteed.

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:shrug:It was a suggestion and I didn't thought it was complicate :shrug:

 

I hope that it is a good idea to represent different scales in dots line

 

It should open doors to different indicators (stochastique etc...) that I could try to developp here

 

May be only one line ?

 

...Half a line ? :D

Edited by aaa

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oh,,,,,,its ok but its really very easy to find about ninja platform. go to,,,

http://www.ninjatrader.com sign up .remember,,,ninja is always free to use.all u need a

data feed and there are a lot free and paid .in indicators they use easy language.i m sure u will not be disappointed.this platform can be used for any kind of product,,,stock,,future,forex and,,every thing else.some brokers give one month free data

for ninja by zenfire.phoenix trader,,velocity trader and amptrader , mirusfutures and many more.......thanks for response any way.

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Hi Tams -

 

Your Red Light/Green Light concept looks very interesting I would like to evaluate it in Meta Trader 4 but I have no experience in programming. The MetaQuotes Language Editor is proberly simple for experienced people but.... The program is free from many Forex brokers along with their data feeds. There are proberly many MT4 users who would also like to try it but aren't aware of it.

Would it be possible for you to give it a try, I'm sure lots of traders would appreciate it if you did as Forex is the only simple way to make any real money today.

Thank you for your time.

Respectfully, Jay Holmes

 

jayholmes@ca.rr.com

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Hi Jay

 

but I have no experience in programming.

 

TL is an Xcellent beginning of programming experience 4 willingness traders

 

The MetaQuotes Language Editor is proberly simple

 

probably not !? it depends of what U want 2 do with it.

 

The program is free from many Forex brokers along with their data feeds.

 

imo, the best & quickest way 2 ruin beginners with amazing leverage

 

Would it be possible for you to give it a try, I'm sure lots of traders would appreciate it

 

Sure they will if it's free !!!

 

as Forex is the only simple way to make any real money today.

 

Like Banks betting against euro and ruins 27 countries with 500 millions people after gouvernements have lent to these banks billions 2 save them from their greediness putting population in an incredible debt + unemployment + social revolt & death ?? :offtopic:

 

rgds

 

aaa

Edited by aaa

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Hi AAA -

Very interesting indicator, thank you for sharing it. Is there coding available for the Meta Trader 4 platform, if so how would I get it?

 

It's TAMS indicator !!!

 

Many others nice indicators from TAMS here

 

http://www.traderslaboratory.com/forums/13045-tams/

 

aaa

 

PS

 

Sorry TAMS but I'm afraid that I answered 2 a message 4 U...

...and now it's 2 late 2 erase it...

oups :(

Edited by aaa

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Hi Tams -

 

Your Red Light/Green Light concept looks very interesting I would like to evaluate it in Meta Trader 4 but I have no experience in programming. The MetaQuotes Language Editor is proberly simple for experienced people but.... The program is free from many Forex brokers along with their data feeds. There are proberly many MT4 users who would also like to try it but aren't aware of it.

Would it be possible for you to give it a try, I'm sure lots of traders would appreciate it if you did as Forex is the only simple way to make any real money today.

Thank you for your time.

Respectfully, Jay Holmes

 

jayholmes@ca.rr.com

 

 

This indicator has already been translated to MT4 (and a few other platforms),

you can google for it.

 

 

124.247

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