Selling site: free, found in the open spaces.
Description: A simple indicator that determines the beginning and end of the trend. Very well suited for scalping intraday. In its structure, it resembles MA changing color when changing trend, red color of sale, yellow purchase. The principle of receiving a signal (color change) is unknown, it simply determines the minima and maximum movements, depending on the settings.
Extras. Info: It works best on trend pairs such as EURAUD, GBPAUD, GBPJPY, EURJPY.
For standard, too, will do.MA is built from N'ogo number of objects (ctrl + b) if you scroll the story far back, the indicator will not be reflected in the graph.
TF M1, M5, (M15 and M30 as desired)
BPERIOD - default setting is 34, but I recommend putting 36. the signal will be more accurate and less noisy. At me such parameter and is installed.
APERIOD - there are three parameters here 1 2 and 3. By default it is set to 3, I recommend leaving it, if you put the 2nd line will be more smoothed and less noisy. 1 is more sensitive than 3. aTake_Profit - what number is spelled out at this distance from the line will be set * as a place for take-profit. If you put 0, then the asterisk is set directly on the line so that it does not interfere with the aStop_Loss graph - what number is spelled out at such a distance from the line will be set * as a place for stop-loss. If you put 0, then the asterisk is set directly on the line so that it does not interfere with the graph.
AAlerts - true / false turns on / off the sound signal when changing the color. EmailOn - signal to email, do not use do not know it works or not.
SignalTextSize - the size of the signal text BuySignalColor and SellSignalColor - the color of the signal text for buying / selling.
Recommendations for work: To work on one indicator when changing colors, you can make the reverse of the position, but with a small lot and only on trend pairs and only on the M5.
The tests were conducted and the total was a plus.
My work option - for me it is perfect for working on euraud. We put the indicator on M15 with the parameters of course 36 and look at which direction the trend is over it.
Then we put the indicator on M1 and, on the signal on M1, open in the direction of the M15 trend.
@Partizan ROAD MAP(0) 3.jpg
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vvFish wrote:
Tue Mar 20, 2018 4:25 pm
Only the price on the chart can show the entrance to the deal...
1.Price movement is a consequence, not a cause.
2.The idea of a free market in which "chaos" is a myth.

Managing markets are a tool to accomplish certain goals in a small group of people.
For example: Only one Bank JPMorgan futures positions 1.3 trillion. $. While trading volume on the futures S&P500 does not exceed $ 5 billion a day. That is just one JPMorgan able to control this key instrument. A simplified analogy. Let the market will be only 100 people. Each for$ 100. The day half of them entered into the transaction as buyers and respectively the second half as sellers. In the struggle the price walking in some range. And here comes the Prince on a "green horse" and waving a wad of bills equal to all that is in the hands of our hundreds of speculators. Is there a chance for the market to break through the price at which the Prince will buy? Of course not. What's next? Price prodded in the price of the Prince and crawl up. So Prince will be in profit. He bought cheap and had a new money because the product is more expensive. There were many, was more. So he could still buy. And again. As a result, he and the Navara and the price moves to where he wants. Guaranteed. In addition, all major banks have their hedge funds, who are always ready to help. Guess who owns the largest funds?
1st place - J. P. Morgan Asset Management
2nd place - Goldman Sachs Asset Management
3.Not news driven market, and the market.
Is a harbinger of news 97% of traders in the world believe that the movement of currency prices in the Forex market in the Short and Medium-term trading is dictated by the improvement or deterioration of the economic situation of the state and the volumes of supply and demand of currencies. In fact it's the opposite: the movement of currency prices in the Forex market in the Short and Medium-term trading is not dictated by improvement or deterioration in the economic situation of the state and the volumes of supply and demand of currencies.
• news – the only reason to drive the currency up/down;
• if the news come out better than the forecast and previous values, the probability of growth is equal to its fall;
• the movement of currencies on the news is the testing waves and padwan technical and wave analysis Forex.
4.Not the balance (dizbalans) supply and demand drives the price.

The exchange can't work no theory that I know is right 97% of the participants, for the 97% have to ... play, which they do; If 97% believe true to the classic thesis about the balance of supply and demand as a factor of changes in the exchange rate, this theory is for a trader must become unprofitable and not the right (or its interpretation in the form of quotes must make such a way in which 97% of traders are required to play); Accordingly, the thesis "All the economists share these underlying principles" (Thomas R. Demark) acquires the opposite value is a "victim" always believe "fundamental principles" of the state and economy, especially when they adhere to "all" (!) leading economists in the world, including Demark; Partial response to this problem due to the balance of supply and demand and a "fake crowd" gave a colorful shape (not algorithm) A. elder wrote that quotations at Forex and fundamental analysis are "tied with a rope, long a mile". Ultimately, the Foundation determines. But eventually - anything can happen";
The Second clue gave Bill Williams, putting on the regularity of the differences between the thinking of an experienced trader-from beginner Pro:
«Having reached a certain level, you become a fully self-sufficient professional trader. You are always familiar with the basic and usually invisible structure of markets. You no longer need to strive for other people's opinions. You do not need to read the Wall Street Journal, watch market broadcasts on TV, subscribe to newsletters or spend money on information channels.»


On Balance Volume
Many experienced traders and analysts argue that market trends are just a derivative of volume, but there is only one question - how to give an objective assessment of the balance of supply and demand? In this regard, the OBV indicator can benefit. To begin with, the public learned about this indicator in the distant 1963, when its author Joe Granville spoke about him in the popular and authoritative magazine "The New Key to Stock Market Profits". This, insignificant at first glance, fact is very important, because today OBV is mentioned primarily in the context of Forex, which is very seriously different from the stock. In his works, Joe repeatedly noted that it is the volume that is the driving force of the market, i.e. this is the fuel, which leads to renewal of price extremes. Of course, prices, in turn, also have a certain influence on the decisions and motives of investors, i.e. a kind of balance of interests is formed on the market, which is disrupted from time to time, and then returns to equilibrium again. These ideas and formed the basis of the OBV indicator. The value of the indicator is calculated literally in two steps, in particular, the direction of the price candle is fixed first (ie, the algorithm determines the bullish or bearish one), after which the following transformations are performed:
• If the candle turned out to be bullish, its volume is added to the total indicator of the balance volume;
• If the price has fallen within the scope of the candle, its volume is subtracted from the calculated indicator.
So everything is simple, in constructing OBV, averaging is not even used, which is implemented practically in all technical indicators, which means that this algorithm will not lag behind the real market trend. In popular financial literature, authors and analysts often note that the balance sheet volume does not generate clear signals and therefore can not be considered as an independent algorithm. In part, this statement is correct, since OBV does a better job of filtering, but Joe Granville in his articles and books gave an exhaustive description of the expert, so talking about his "uselessness" is simply ridiculous.
The difference between real and tick volumes is that the former allow to estimate the actual turnover of the market (ie they accumulate information on the number of contracts / lots bought / sold per unit of time), while the latter act as a price oscillation counter, ie . if the quotation has changed by 1 point - the value of the histogram Volumes also increases by one, etc.
Thus, the discrepancy between the listed indicators is not only possible, it is an integral part of the market as such, therefore it is necessary to assess how much error is obtained by significant. In spite of the fact that the indicator On Balance Volume was originally created for the analysis of the stock market, it got well on Forex, where there is no data on real volumes.
This versatility is a consequence of the fact that tick data helps to assess the activity of market players. Undoubtedly, such estimates are considered rude, but there can be no other signals on the foreign exchange market, since it is simply impossible to determine precisely the point of reversal, otherwise all speculators would earn fabulous money, which contradicts the nature of any trading platform.
As for the methods and techniques themselves, in which OBV can be useful, they are very diverse, in particular, the balance sheet volume is often used in the search for divergences, acts as a trend algorithm and even becomes the basis for calculating other technical indicators.
Unfortunately, this expert has some drawbacks, for example, the quality of his signals directly depends on the data flow provided by the dealing center, so use it carefully. In addition, practice has shown that on small timeframes On Balance Volume is useless.
Modified On Balance Volume, which will be in the weekly newsletter is able to bring you a constant profit. It will go into the newly created templates.
OBV 2.jpg

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