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 : 28th October 2020.Alphabet Q3 earnings: Focus on advertising revenue.Once again the FAANGs excluding Netflix plan to report their earnings the same day within 30 minutes of each other. FAANGs illustrate 20% of the S&P500’s total value. Even though most of them face increasing antitrust scrutiny, all posted an impressive rally this year as their shares have surged and sustained close to record highs as the pandemic reckoned with online services such as shopping, streaming, clouds.Hence in addition to our earnings articles, today we will focus also on Alphabet’s third quarter earnings for 2020 which will be reported along with the rest of the giants. Just a quick reminder, Alphabet Inc. is a holding company and Google’s parent company. The company’s businesses include Google Inc. (which is the largest one) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The company’s segments include Google and Other Bets.Alphabet’s report will be key after its first year-over-year revenue decline in company history in Q2 as a result of the lack of advertisement demand from the majority of businesses amid the economic slowdown globally. However the forecasts for Q3 have the company well positioned with the consensus recommendation “strong buy”, corresponding to the majority of the consensus recommendation from Reuters Eikon, as 30 out of 36 analyst firms recommend “buy” and “strong buy”, while only 6 recommend ‘hold’. Hence, no analyst firm is making a “sell” or “underperform” recommendation for the company.GROWTH FOR ALPHABET INCAccording to Zacks Investment Research and Reuters Refinitiv, the information service is expected to have $11.33 in earnings per share during the third quarter of 2020, which represents a yearly rise of 12% since the reported EPS for the fiscal quarter ending September 2019. Focus should also turn onto the revenues number which is projected to hit a 6% yoy spike, to around $42.8 billion, from the $40.49 billion reported last year. Net sales meanwhile are seen at $35.26 billion.Revenue by business segment:   Google Search & Other (ad revenue, dominated by Google Search) – consensus of $24.96 billion* YouTube ads – consensus of $4.38 billion* Google Network (ad sales on third-party websites/apps) – consensus of $5.07 billion (down 4%) Google Cloud – consensus of $3.32 billion* Google Other (Play Store, hardware, YouTube subscriptions) – consensus of $5.11 billion* Other Bets (Google Fiber, Verily, Waymo, etc.) – consensus of $153 million (down 1%) Despite the huge diversification of its portfolio, Alphabet Inc earns nearly 71% of its revenue from advertising. Hence even though, the travel sector is still weak the majority of the analysts remain bullish on the advertisement services of Alphabet into Q3 given the slightly ‘temporary as it seems’ recovery that we have seen as the pandemic eased over the summer and business began reopening. Morgan Stanley stated also that they came into earnings season positive about the online ad market recovery but grew more optimistic following Snap’s blowout ad revenue beat and better-than-expected ad results from Verizon subsidiary AOL, Sirius-owned Pandora, and Interpublic Group.The positive consensus for Q3 could also be driven by the shift of Alphabet to Google Play and YouTube to help its partners support their businesses. The majority of the analysts believe that we could see strength in YouTube ad pricing and the return of brand spending in its channel checks.Alphabet CEO Sundar Pichai however highlighted in his latest statements GOOGL’s focus on non-advertising segments. Like tech giant and its cloudspace rival Microsoft Corporation (NASDAQ: MSFT), GOOGL has the capacity and resources to strategically pivot, from a large “legacy” company to an aggressive emergent; in this case, from search to various ‘other segments’ offering potential growth.Meanwhile, the risks that Alphabet faces ahead of the report is the solid competition from Amazon in advertising business and cloud services but also the cold headwinds on the earnings front in addition to emerging regulatory challenges. Coming off a not-so-stellar Q1 reporting season, GOOGL fell short in Q2, reporting its first ever year-over-year quarterly decline.Earlier this week, the Justice Department, along with 11 Republican state attorneys general, filed an antitrust lawsuit against Google, alleging an unlawful monopoly on search services and advertising. US Deputy Attorney General Jeffrey Rosen called GOOGL, “the gateway to the internet” and said the company “has maintained its monopoly power through exclusionary practices that are harmful to competition.”At this stage, we have to point out that a consensus recommendation, similarly to economic data forecasts, has a significant effect on the near-term stock price, as it represents a company’s wealth picture. Hence on every earning report, stock price is highly influenced by the comparison between the outcome and the expectations. The market tends to react positively if the outcome comes in better or at least in line with the forecast, while the price moves lower if the reported earnings miss expectations.Technically, the current Google price action has posted a sharp rally since the March panic with the stock rebounding from the $1,000 area to record highs at $1,732.41. Currently the asset is traded at the $1,524 area which is just a 23.6% loss from all-years highs. The overall bias remains strongly positive even though medium term momentum indicators signal a potential pullback lower.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 : 27th October 2020.USD improves, GBP Mixed, CB decisions & TRY.The Dollar firmed up into the London open and beyond, paring declines seen earlier in pre-Europe trading in Asia. The move drove gold and oil prices lower, too, indicating there has been some depth in dollar buying, although the magnitude of movement hasn’t been great.US equity index futures have managed modest gains after the S&P 500 closed with a 1.9% loss yesterday, though investor sentiment in global markets remains decidedly restive. Most Asian stock markets declined, and Australia’s ASX 200 equity index closed with a 1.7% loss in its worst single day performance in a month. Soaring positive Covid tests and the associated trend toward increasingly restrictive countermeasures, along with the risk of next week’s US election results being contested, and the delay in US stimulus relief, are keeping markets on edge. Overall strong Q3 economic data are being overlooked as markets look to what is appearing to be a grim winter ahead in the northern hemisphere, with risks of a double dip recession being factored in, especially in Europe. Amid this, the Dollar has been holding up, despite a narrowing in nominal US yields relative to peers in recent days, including Bunds and JGBs, revealing that the US currency is functioning as a safe haven currency again.The USDIndex index lifted back above 93.00, though remains down on yesterday’s and Friday’s highs at 93.11-13. EURUSD tipped back to levels around 1.1800 after posting a high at 1.1836. USDJPY remained settled in the upper 104.00s in what could be termed a consolidation of the steep decline seen last Wednesday but has tested below S1 below to 104.60. The pair remains about 0.7% down from week-ago levels. Sterling continued to trade without direction, overall, holding over 1.3000 around 1.3020. EU and UK trade talks continue in London through to tomorrow before relocating to Brussels. They are reportedly working to a mid-November deadline.Taking a step back, the currencies that are showing the biggest gains on the year-to-date are the ones that most would expect to have risen against the backdrop of the global pandemic crisis, being currencies of current account surplus economies, specifically ones that don’t have a high commodity export component. Thereby the Euro, Swiss Franc and Yen are the biggest gainers, while the dollar bloc and the likes of the South African Rand and Russian Ruble, among others, are showing the biggest year-to-date declines, save the politically savaged Turkish Lira. Turkey seems to be in dispute with all its neighbours and some further afield. The Central Bank holding rates last week has not helped its predicament – USDTRY printed a new all time high earlier at 8.1580.USDCAD lifted out of a correction low at 1.3169, with oil prices, although up yesterday’s lows, coming under moderate pressure during the early London session. WTI benchmark crude prices are down 6.5% from week-ago levels, and prospects for a sustained rebound look to be limited given the supply glut and weakening demand as Covid-containing measures intensify across Europe and some parts of North America. This backdrop should keep USDCAD underpinned. The pair has been trending lower since March, though we have been noting trend derailing risks. A run to levels around 1.3500 and above seems possible, as the BOC decision tomorrow and the US Election next week remain the key immediate fundamentals .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.
    • “Self-evident truths” ( btw the ‘trading’ industry runs on a lot of these “self-evident truths” too) https://www.zerohedge.com/geopolitical/escobar-make-america-jeffersonian-again and a study in current “defactualization” https://consortiumnews.com/2020/10/19/patrick-lawrence-the-damage-russiagate-has-done/
    • Overtrading either trading too big or too often – is the most common reason why forex traders fail. Overtrading might be caused by unrealistically high profit goals, market addiction, or insufficient capitalization.
    • Yes, i do trust my broker. LMFX offers are very good and attractive. They have high leverage for newbie so do try with opening Demo account with LMFX. 
×
×
  • Create New...

Important Information

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