TMA Discussion Thread

[supramannz]

Out of interest does anyone have a copy TMA Slope _ Norm that doesn't repaint (like Tony mentions above). I understand that one this doesn't have a place in the 10.2 system but would like to have a play round with the indi regardless.

Thanks

[NeoTrader]

hi supramannz

Out of interest does anyone have a copy TMA Slope _ Norm that doesn't repaint (like Tony mentions above). I understand that one this doesn't have a place in the 10.2 system but would like to have a play round with the indi regardless.

Don't know if it is the right one...check the attachment.

happy sunnday,

NeoTrader

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[idempotent]

Don't know if it is the right one...check the attachment.

I've added it to my screen, and will check when the markets reopen.

I have tinkered with the existing "10.2 TmaSlop_Norm" indicator, but still can't make it both not repaint and go back historically, and I can't figure out why.

Your indicator draws historical bars, and it looks different enough that it might be what we want. The colours are non-10.2 compatible, though, but that would be an easy fix.

[idempotent]

Don't know if it is the right one...check the attachment.

I don't think so. I put it on and the histogram does not correlate with anything else.

See screenshot: http://screencast.com/t/oOFGvfBMqvgr

The bottom one is your indi. Don't know what it's doing, but it doesn't look like any other TMA indicator. I tried tinkering with the timeframe setting, but could not get the histogram to change, regardless of the timeframe I chose in the indicator settings.

Plus, it (cough) repaints.

[NeoTrader]

hi idempotent,

I don't think so. I put it on and the histogram does not correlate with anything else.

I think that i misunderstood you... you are in search for the tma slope indicator as non repainting or TMAtrue version...right?

Than try the attachment below...it is the same tma slope but has a tmaTrueMode parameter that is set to true by default...this means it is not repainting...if you want the standard version just switch it to false.

happy trading,

NeoTrader

[idempotent]

I think that i misunderstood you... you are in search for the tma slope indicator as non repainting or TMAtrue version...right?

I hadn't heard of "TMAtrue", but yes. And, yes, this indicator has it. Obligatory screenshot: http://screencast.com/t/nVhCXP4jRia

The colours are slightly different but that's no biggie.

Thanks NeoTrader.

[scartree]

I shall use this thread for dummies, as it seems appropriate in the circumstances. I wonder if anyone who has been following Bob and the work resulting from his thinking, from the outset, realises just how much reading is involved to get anywhere near understanding it all!! I can assure you that its lots and proving difficult for my time ravaged brain to try and comprehend!

Ray Singcar posted a template (#a 10.2a black.tpl) today and I loaded it on a couple of H1 charts. Included in the template is 10.2 TMA slope v.1.4B 4.30 indicator which is a histogram of the TMA with 0.8, 0.4, 0, -0.4 and -0.8 levels shown. A casual scan of the chart showed that a trade taken when the histogram moved outside the 0.8 or -0.8 level, invariably resulted in a successful trade if entered on the next bar after the histogram penetrated the band and the exit was taken when the histogram moved back inside the band. I then loaded it on several more charts with the same apparent result. It seemed to work also on other tfs but usually these things are better on a longer tf than M30 or less.

I am aware of the discussions which have featured on occasions about TMAs repainting so my simplistic observation may have no substance at all but I thought I would throw it in the ring for what it is worth. I would be surprised if it has not been seen and considered by someone and consequently discarded in which case, please tell me.

If the exit could be linked to the crossing of the 5.1 MA by the next bar in the opposite direction to the trade, it might have an interesting result. This idea takes no account of pivots, s/r levels, etc so if the repainting is not considered an issue, some clever person might like to produce an alert for when the TMA crosses the 0.8 or the -0.8 level which would save a great deal of screen gazing. Heavens forbid, it might even be a candidate for a simple EA!!

I warned you that this may be a dummy idea - sorry!

Karl

[NeoTrader]

hi scartree,

You realize that the normal TMA slope repaints up to 20 bars back in the histogram. Therefor you can not look back and see any realistic values in this histogram that resembles the real time values of the TMA.
The only possibility to do this is with a histogram that is based on the so called TMAtrue calculations. I posted a version here where you can switch to the tmaTrueMode to see the actual values of the tma without smoothing or repainting.

happy trading,

NeoTrader

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[nanningbob]

I shall use this thread for dummies, as it seems appropriate in the circumstances. I wonder if anyone who has been following Bob and the work resulting from his thinking, from the outset, realises just how much reading is involved to get anywhere near understanding it all!! I can assure you that its lots and proving difficult for my time ravaged brain to try and comprehend!

Ray Singcar posted a template (#a 10.2a black.tpl) today and I loaded it on a couple of H1 charts. Included in the template is 10.2 TMA slope v.1.4B 4.30 indicator which is a histogram of the TMA with 0.8, 0.4, 0, -0.4 and -0.8 levels shown. A casual scan of the chart showed that a trade taken when the histogram moved outside the 0.8 or -0.8 level, invariably resulted in a successful trade if entered on the next bar after the histogram penetrated the band and the exit was taken when the histogram moved back inside the band. I then loaded it on several more charts with the same apparent result. It seemed to work also on other tfs but usually these things are better on a longer tf than M30 or less.

I am aware of the discussions which have featured on occasions about TMAs repainting so my simplistic observation may have no substance at all but I thought I would throw it in the ring for what it is worth. I would be surprised if it has not been seen and considered by someone and consequently discarded in which case, please tell me.

If the exit could be linked to the crossing of the 5.1 MA by the next bar in the opposite direction to the trade, it might have an interesting result. This idea takes no account of pivots, s/r levels, etc so if the repainting is not considered an issue, some clever person might like to produce an alert for when the TMA crosses the 0.8 or the -0.8 level which would save a great deal of screen gazing. Heavens forbid, it might even be a candidate for a simple EA!!

I warned you that this may be a dummy idea - sorry!

Karl

You will notice the usual comments about repainting that continues to dog this indicator. However, you need to understand the basic use of the indicator and as to why it works. When you enter the trade at above/below 8 your chances are very good for success. Why is that? Because at that moment you are entering the steepest part of the move. That is not going to change quickly on a high time frame chart. Price action just isnt going to suddenly change the angle. What you see in this indicator is when any bar is above zero, whether it is .0001 or .10 that means price is heading in an upward direction. The numbers only tell you how steep the upward movement of that angle is. Some people get bent out of shape if that number changes over a period of time. It might be .02 today, .03 tomorrow, or .04 two days from now for the same location. The problem is what does that mean/ All three days that indicator is telling you price is moving up and the angle of price action is increasing. Either way it is telling you the best trade is to buy. The bigger the number the stronger the move. If you enter today at .08 and tomorrow that same spot is .07 and two days from now that period is .05. Those numbers are irrelevant to what the indicator is telling you. The information is the same, price is going up but the rate of increase is going down. Once you understand this and fully comprehend what it is telling you. You will have no fear of the information. So two days ago it was .08 and today it is .04. Price is still going up, just not as fast, that is what it is telling you. So simply learn to read the indicator correctly and understand what it is telling you. Is price increasing and accelerating or is price increasing but decelerating. That should help you with how long you hang with a trade. Good luck.

[nanningbob]

I shall use this thread for dummies, as it seems appropriate in the circumstances. I wonder if anyone who has been following Bob and the work resulting from his thinking, from the outset, realises just how much reading is involved to get anywhere near understanding it all!! I can assure you that its lots and proving difficult for my time ravaged brain to try and comprehend!

Ray Singcar posted a template (#a 10.2a black.tpl) today and I loaded it on a couple of H1 charts. Included in the template is 10.2 TMA slope v.1.4B 4.30 indicator which is a histogram of the TMA with 0.8, 0.4, 0, -0.4 and -0.8 levels shown. A casual scan of the chart showed that a trade taken when the histogram moved outside the 0.8 or -0.8 level, invariably resulted in a successful trade if entered on the next bar after the histogram penetrated the band and the exit was taken when the histogram moved back inside the band. I then loaded it on several more charts with the same apparent result. It seemed to work also on other tfs but usually these things are better on a longer tf than M30 or less.

I am aware of the discussions which have featured on occasions about TMAs repainting so my simplistic observation may have no substance at all but I thought I would throw it in the ring for what it is worth. I would be surprised if it has not been seen and considered by someone and consequently discarded in which case, please tell me.

If the exit could be linked to the crossing of the 5.1 MA by the next bar in the opposite direction to the trade, it might have an interesting result. This idea takes no account of pivots, s/r levels, etc so if the repainting is not considered an issue, some clever person might like to produce an alert for when the TMA crosses the 0.8 or the -0.8 level which would save a great deal of screen gazing. Heavens forbid, it might even be a candidate for a simple EA!!

I warned you that this may be a dummy idea - sorry!

Karl

Let us keep it simple. If bars on 4H and daily agree trade in that direction. The bigger the bars the bigger the move and the longer you stay in. The smaller the bars the smaller the move the shorter you stay in. Enter off of MA lines or off of S/R/Pivot lines. If bars say sell but price has moved above the pivot line you may want to wait for it to break back below the pivot. If price is near S1/R1 on low volatile pairs you probably dont want to enter any more. If price is near S2/R2 on higher volatile pairs, you probably dont want to enter anymore until you get a dip or rally. That pretty well sums it up. Dont let the simplicity of the system confuse you. That basically is it. KISS