Re: Trend Indicators

#311
Apologies if this is a repost but here is the Averages Channel by Mladen (posted by Mrtools) which includes colored candles and price channel.

The great thing about this tool by Mladen is that it brings back memories of an old trading strategy for me. I actually first started using this type of trend trading strategy many years ago as a newbie in the Forex game. A friend introduced me a technique called the "34 EMA Wave" by Raghee Horner. And that began my journey and research into Raghee Horner's books and trading techniques.

Back in the day, before this tool by Mladen was made, we would use three Exponential Moving Averages set to "34" and set those moving averages to "High", "Low" and "Close". But with this tool by Mladen this strategy is rolled into one neat package including alerts plus more. Something I would have loved to have many years ago!

The 34 EMA Wave (channel) was and still is a very useful trading strategy and it taught me a lot about technicals, entries and even allowed me to counter-trade pullbacks when price ventured too far away from the "wave".

If anyone is looking to master trend trading I recommend downloading this indicator, applying it to your charts, and looking up Raghee Horner and her 34 EMA wave strategy. She's got a lot of very helpful info for beginners on her YouTube page as well.

USDJPYH4.png
Averages Channel Candles + alerts 2.07.ex4
(164.6 KiB) Downloaded 331 times


Re: Trend Indicators

#312
Jimmy wrote:
Fri Dec 15, 2017 9:11 pm
Apologies if this is a repost but here is the Averages Channel by Mladen (posted by Mrtools) which includes colored candles and price channel.

The great thing about this tool by Mladen is that it brings back memories of an old trading strategy for me. I actually first started using this type of trend trading strategy many years ago as a newbie in the Forex game. A friend introduced me a technique called the "34 EMA Wave" by Raghee Horner. And that began my journey and research into Raghee Horner's books and trading techniques.

Back in the day, before this tool by Mladen was made, we would use three Exponential Moving Averages set to "34" and set those moving averages to "High", "Low" and "Close". But with this tool by Mladen this strategy is rolled into one neat package including alerts plus more. Something I would have loved to have many years ago!

The 34 EMA Wave (channel) was and still is a very useful trading strategy and it taught me a lot about technicals, entries and even allowed me to counter-trade pullbacks when price ventured too far away from the "wave".

If anyone is looking to master trend trading I recommend downloading this indicator, applying it to your charts, and looking up Raghee Horner and her 34 EMA wave strategy. She's got a lot of very helpful info for beginners on her YouTube page as well.


USDJPYH4.png
Averages Channel Candles + alerts 2.07.ex4
It's been posted here couple of times already but this is such a good indi it can be reposted unlimited times :)

Tim Morris MA and Histogram set

#314
The Tim Morris moving average system was created in 2004 by Tim Morris. It is often known as the "TMMA" and traders use this system for scalping and short term trades.

Upon backtesting it certainly seems to produce good signals for scalping in the M15 charts especially if you're taking trades in conjunction with the higher timeframe trends.

Histogram and chart versions are below and have been fixed for MT4 1090.

EURUSDM15TIMMORRISMA.png
tim_morris_ma_1_1.mq4
(4.87 KiB) Downloaded 220 times
tim_morris_ma_histo_1_1.mq4
(3.89 KiB) Downloaded 216 times




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