Re: HMA - Hull Moving Average Indicators MT4

127
Good trading system.
But we don't have a trend indicator.
The trend for AUDJPY, June 9th, 2020 is going downhill.

the arrows will appear when 3 time frames are aligned in the same direction.
You may set to 4 aligned time frames.

Arrow #1 = HMA (13)
Arrow #2 = HMA (21)
Arrow #3 = HMA (34)

Fibonacci numbers = 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89,144, 233, 377
------------------------------------------------------------------------------------------------
These users thanked the author Banzai for the post:
Patrick K

Re: HMA - Hull Moving Average Indicators MT4

128
Banzai wrote: Tue Jun 09, 2020 4:53 pm Good trading system.
But we don't have a trend indicator.
The trend for AUDJPY, June 9th, 2020 is going downhill.
the arrows will appear when 3 time frames are aligned in the same direction.
You may set to 4 aligned time frames.
Arrow #1 = HMA (13)
Arrow #2 = HMA (21)
Arrow #3 = HMA (34)

Fibonacci numbers = 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89,144, 233, 377
Don't you think you're overdoing it on the redundancy bit?
You have 3 MAs on screen [- why you work with fibonacci instead of emulating higher TFs isn't so clear - there's some magical thinking going on with Fibonacci numbers sometimes.]
How about:
1. directional bias (slowest)
2. confirmation of directional bias (medium) and exit signal
3. entry signal (fastest)
Only works in trends.
And then you have 3x4TF
Basically doing the same thing: giving you signals (fastest) AND emulating higher TFs
The only difference between the three: how much the individual indicator lags behind price.
Chances are: for people who don't know a lot about price action the signals will be more confusing than helpful.
These users thanked the author josi for the post (total 2):
Banzai, Patrick K

Re: HMA - Hull Moving Average Indicators MT4

129
So I was fooling around with numbers and
found that HMA (34) and HMA (40)
are very good for GBPJPY in the M5 charts.
Best session: London
Don't know if they work for other pairs.

Arrow #3 = HMA(34)
Arrow #4 = HMA(40)
both are aligned for 2 time frames only.


Anyway, when HMA (34) crosses up HMA (40), go LONG.
Vice versa,
when HMA (34) crosses down HMA (40), go SHORT.

or when both HMA are green, go LONG.
Vice versa,
when both HMA are red, go SHORT.

---------------------------------------------------------
These users thanked the author Banzai for the post (total 3):
Jimmy, josi, Jedidiah

Re: HMA - Hull Moving Average Indicators MT4

130
Banzai wrote: Wed Jun 10, 2020 2:07 am So I was fooling around with numbers and
found that HMA (34) and HMA (40)
are very good for GBPJPY in the M5 charts.
Best session: London
Don't know if they work for other pairs.
Arrow #3 = HMA(34)
Arrow #4 = HMA(40)
both are aligned for 2 time frames only.

---------------------------------------------------------
I hope you didn't take it the wrong way.
It was just an observation, not a criticism at all.
I really like the indies you provided.
Today, I think, was a very good day for testing setups because there were so many moves that could eventually become trend reversals.
So, if your method worked today, there is a very good chance, it mirrors the current market situation.
Your 4TF-indi-adaptations, for example, couldn't give any signals on higher TFs on many currencies today because price moved against higher TF direction. But that's just what is to be expected when price turns around.
Keep up the good work.
These users thanked the author josi for the post:
Banzai


Who is online

Users browsing this forum: Amazon [Bot], bbookgenius, Facebook [Crawler], ffsss, Majestic-12 [Bot], Mickey Abi, RodrigoRT7, rudiarius and 92 guests