tomele » Sun Mar 17, 2019 6:32 am wrote:I have edited a bloop in the indi. Now it at least compiles.

Thomas

Ehrenmat » Sun Mar 03, 2019 5:41 pm wrote:Hey SHF-Folks,

after two more weeks of different TDI-MTF setups, I found some TDesk Solo Signal flickering in v2.4, which was leading to a false Super signal and subsequently to an unwanted trade. Thanks to reading some other indi code, I was able to find the cause. On top, there are two new implementations.
But please read the changelog yourself and get a feel for the new version. As always, I edited the other TDI MTF Indicator Posts and copy/pasted the description here - with additions:

TDI MTF v2.5 TD V2

Description:

- TDI MTF Indicator with TDesk Signals
- Requires 'Traders_Dynamic_Index.mq4'






Please read the change log (2019-03-03) for details :youknow:

Code: Select all

/*
   Change log:
   2019-03-03, Ehrenmat, v2.5
      - Market Condition Signals: 
            - Added a Threshold option for Green over/under Red to avoid ranging markets
            - Added VeryWeakConditions: Green above/below Yellow sends LONG/SHORT signal
            - Now optional: Green in Overbought (above 68) or Oversold (below 32) territority sends FLAT signal
      - TDesk Code optimizations
   2019-02-10, Ehrenmat, v2.4
      - Corrected Cautious Conditions Signal - once again *facepalm*
   2019-02-10, Ehrenmat, v2.3
      - End of beta status: Indicator runs stable and ressources-saving
      - Extended details on TDesk Signals in input section for better comprehension
      - Added the possibility to turn off each Signal line separately in terms of a better readability
      - CautiousConditions Signal will be deleted as soon as Green is out of Overbought/Oversold territory from now on
      - Added the option to send a FLAT Signal for all Triggers separately (Price Action, Hook Action and Turning Point)
      - Added the 1st Deviation of the RSI-Priceline (White line) including a new TDesk Signal
         - New Trigger Signal - RSI Turning Point:
            - White line crossing the 50 line from below marks a lower turning point of the Green line. This sends a LONG TDesk Signal.
            - White line crossing the 50 line from above marks an upper turning point of the Green line. This sends a SHORT TDesk Signal.
   2019-01-06, Ehrenmat, v2.2
      - Corrected Cautious Conditions Signal
   2018-12-30, Ehrenmat, v2.1
      - TDesk V2 Level to be efficient on ressources
      - Sorted TDesk Signals:
         - Market Condition for Trend Signals
         - Price and Hook Action for Trigger Signals
         - Optional: Decreasing Volatility produces a FLAT Signal to block entries   
   2018-12-30, Ehrenmat, v2.00
      - Code cleanup
         - removed Auto Higher TF
         - Facilitated settings' user interface
         - Added TDesk functionality          
   2010-11-10, Xaphod, v1.01 
      - Added Auto Higher TF
      - Added indicator level lines
   2010-11-10, Xaphod, v1.01 
      - Fixed time axis to correspond with the lower TF.
   2010-11-10, Xaphod, v1.00 
      - Initial Release 
*/

My interpretation of the TDI signals into TDesk signals is described in the input section. On one side, there are trend filtering signals (Market Condition) and on the other side, there are triggering signals (Price Action, Hook Action and Turning Point):

Market Condition Signals are structured as followed:

TDesk Abbreviation: TDI-MC stands for 'Market Condition'

Very Weak Trend Signal:
LONG: Green>Yellow, Green neither Overbought nor Oversold
SHORT: Green<Yellow, Green neither Overbought nor Oversold

Weak Trend Signal:
LONG: Green>Red, Green neither Overbought nor Oversold
SHORT: Green<Red, Green neither Overbought nor Oversold

Medium Trend Signal:
LONG: Green>Red&Yellow, Green neither Overbought nor Oversold
SHORT: Green<Red&Yellow, Green neither Overbought nor Oversold

Strong Trend Signal:
LONG: Green>Red, Red>Yellow, Green neither Overbought nor Oversold
SHORT: Green<Red, Red<Yellow, Green neither Overbought nor Oversold

Cautious Conditions:
Green in Overbought/Oversold territory sends a SHORT/LONG Signal

Then, there is an optional TDesk Signal in case of a decreasing volatility:

TDI-V stands for 'Volatility':
Decreasing Volatility blocks entries by sending a FLAT Signal
Note: I myself see this FLAT Signal as experimental and so it has to prove itself in being useful


Trigger Signals:

Update: there are now three Triggers:

Price Action or TDI-PA:
LONG/SHORT Signal when Green crosses Red from below/above

Hook Action or TDI-HA:
LONG/SHORT Signal when Green crosses Blue back from bottom/top

Turning Point or TDI-TP:
LONG/SHORT Signal will be sent when the Green line is at a lower/upper turning point.
This is made possible by the 1st Dervation of the RSI Signal Line. In the indicator, the new SIgnal Line is depicted in White and sends TDesk Signals when crossing the 50 line from below (LONG) and above (SHORT).

Final note: Please leave some critics in case you should use this indicator and implement it successfully in your trading setup.

Cheers,

Mat

:hi:

Ehrenmat » Sun Mar 17, 2019 2:23 pm wrote:Hey Peter,

Thank you for the heads up. I have changed the code accordingly. New version is v2.5.1

Cheers,

Mat

:hi:

taipan » Mon Mar 18, 2019 11:07 am wrote:Can any coder help to modify this indicator to TDesk compatible and this is come with proper alerts:

This indicator will replace the previous indicator : Stochastic color mtf

tomele » Mon Mar 18, 2019 11:19 am wrote:Hi Jagz.

Fantastic stuff, thanks a lot. I am wondering whether I should make TDesk compatible to the PIN notation. Should be quite easy and would open TDesk to a wealth of work already done, although the GVs don't give any information about the indicator or the timeframe (just Pin1, Pin2, Pin3).

Cheers
Thomas