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

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

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

: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

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites

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

Share this post


Link to post
Share on other sites
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

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.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. 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 HFM 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. Michalis Efthymiou Market Analyst HFMarkets 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.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

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