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- Joined Apr 2011 | Status: Hoc Etiam Transibit.... | 5,256 Posts
Simplicity is the ultimate sophistication - Leonardo da Vinci
My Experiments 0 replies
People waiting for Chrismas, I'm waiting for FOMC 0 replies
Thoughts/Thought Experiments on Money Management and Trading 10 replies
DmitryFX's trading experiments 20 replies
Order Comment blank after order closed 4 replies
QuoteDislikedMomentum is defined as the difference, or percent change, between the current bar and a bar some lookback period in the past.. The major problem with using momentum based indicators is that the optimum lookback period seems to change over time creating losses with the current chosen lookback period. To avoid the errors due to a single lookback period we create an indicator that takes an weighted average of all significant lookback periods for the tradable. We named this indicator polychromatic because poly means many and chromatic means colors. Thus, polychromatic momentum for this indicator translates into the sum of many momentums.
The momentum magnitudes from different lookback periods are not equalized. That is, the momentum from 17 bars ago will have a range of magnitudes that are much greater than the range of momentum magnitudes of the one bar momentum. For Brownian motion random processes the expected distance a particle can move is proportional to the square root of time. Thus to equalize the effect of differences in magnitude so that the longer bar momentum magnitudes don't swamp the magnitudes of the shorter bar momentums in an average , we will weight the momentum values. The weighting function that we chose here is n α , where α is a system input variable. This weighting will equalize the various momentum magnitudes
DislikedHello, I need to add an alert when indicator is > 70 and cross down 70, or <30 and cross up 30. Can you help me ? Thanks. Jo {file}Ignored
Disliked{quote} Metta87, put both on the same price(in this picture both using Typical price) you get identical values. {image}Ignored
Dislikedmladen, can you check the attached version of your TMA centered indicator for MT5 and provide a non-recalculating version ? If this is not possible, than propose another/similar solution. Sixer {image} {file}Ignored
Dislikedmladen, thanks for your explanations. I have studied the Hurst/Millard stuff but i still prefer to use the Delta techniques based on Sloman/Wilder to get the Big Picture. Cycles are not "fixed" as described by Hurst. See EURUSD chart (90 min data) with a prediction of the turning points for 3 time frames (black, red and blue counts). My request for the TMA update was to get further information to support this. Sixer Edit: Previous chart of the Dynamic Trader platform changed against the daily chart of the Delta Graphics software. {image}Ignored
DislikedHi mladen. How's your trading going? I know people are always asking you to create this and change that. I don't think that will ever end being how as talented as you are with the code. But you never really talk about how you like to trade. So, how do you like taking your trades mladen? You been in this game for a long , long time. It would be good to talk to you about actually trading forex. This is forexfactory after all. So how about it Mladen. Do you like trading the trend or breakouts? Do you like the bigger time frames or do you like to scalp...Ignored
Disliked{quote} Ish In short : manual, day-trader (never trading anything except EURUSD and almost never have more than 1 opened order) My primary goal is to make more than the banks are giving us - not to make 100% a day, and, for the last 11 years, I must say, I am doing OKIgnored
Disliked{quote} Ish In short : manual, day-trader (never trading anything except EURUSD and almost never have more than 1 opened order) My primary goal is to make more than the banks are giving us - not to make 100% a day, and, for the last 11 years, I must say, I am doing OKIgnored