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Baluda Indicators
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Author:  Baluda [ Thu Jul 19, 2012 9:15 pm ]
Post subject:  Re: Baluda Indicators
RJo wrote:The crux of the issue is that input options vary across indi's/updates. For example, as I understand, SlopeValues has addSundayToMonday but not ignoreFuture. CurrencySlopeStrength has ignoreFuture but not addSundayToMonday. NT's TMA indi's have TMATrue (like ignoreFuture) but not addSundayToMonday. So you will have to do some reading.
RJo,

Like NT says, SlopeStrength and SlopsValues do not need an 'ignoreFuture' option, its values are always current. 'ignoreFuture' only has effect on candles other than the current one.

'addSundayToMonday' is a new option. We found out that Sunday candles can and will screw the Slope value and pivots on the daily timeframe, other timeframes do not suffer from it. This is why SlopeValues and DWMPivots have this option. Other indicators will follow.

Paul
Author:  garyfritz [ Thu Jul 19, 2012 10:00 pm ]
Post subject:  Re: Baluda Indicators
addSundayToMonday is a good start, but IMO it's still not the "right" answer. In my never-humble opinion, I think a "proper" D1 chart has 5 24-hour bars each week.

The basic Cowboy IBFX D1 chart is a mess. Cowboy IBFX is a GMT+0 crim, so the 5pm Sunday NY "market open" happens at 20:00. Since Empty4 is stupid and builds D1 bars from 00:00 to 00:00 regardless of its timezone, that means there's a short 20:00 - to - 00:00 bar on Sunday. It ALSO means the Friday bar is only 20 hours long, from 00:00 to 20:00.

addSundayToMonday adds the short Sunday bar into the Monday bar, and (presumably?) treats the chart as if there were 5 bars per week. I think it also causes the weekly pivot calculations to end on Friday's close, instead of 23:59 Sunday. The Monday bar is 4 hrs long and Friday is 4 hrs short, but it's better than it was.

The "right" way to do it is to build 24-hour bars, from 5pm NY to 5pm NY (currently 21:00 to 21:00 GMT), so you end up with 5 equal-length 24-hour bars per week. It also means your D1 bars close at the NY "close" -- and the markets DO act differently around the 5pm NY close. Finally, it also means we'd all be looking at the SAME data, instead of getting different values for different crim timestamps.

I don't know how practical that is in Empty4. Obviously the D1 chart is still going to be wonky. But most of us look at H4 charts and below when we use the D1/W1 pivots&etc. If the pivot &etc code did the right thing, it would be perfect for H4 charts and below.

If that's not practical, the addSundayToMonday is a darn good compromise.
Author:  Jemook [ Thu Jul 19, 2012 10:22 pm ]
Post subject:  Re: Baluda Indicators
The addSundaytoMonday function in DWM Pivots allows me to match up my pivots across all br0kers regardless of their fudged up / proper candles. So it does the job for me even if the "right" way to do it is as good old Gazza described.

I still wish we were all on the same page with TMA Slope values. I get totally different results across different brokers even if I play around with the addSundaytoMonday opton. I think we've discussed that the TMA Slope value accuracy depends on how much history is saved with the platform. It would be great if someone had 100% history and could provide values to check against. The truth is they are almost all the same but when we are dealing with a difference of .1 to check if things are ranging or trending I'd like to know mine is as accurate and correct as possible.

Here's some different brokers values. The upper bottom SlopeValues have addSundaytoMonday set to true for comparison too. For reference Axi is the only one that in this list that doesn't fudge the candles.
Cowboy IBFX.png
Prime.png
AxiTrader.png
Author:  RockyJ [ Thu Jul 19, 2012 11:42 pm ]
Post subject:  Re: Baluda Indicators
hansnl wrote:
RockyJ wrote:
Baluda wrote:Hans,

No dice, this is not going to work in Empty4. Maybe some next version?

Keep your ideas/suggestions coming though. We cherry-pick them if we can.

Paul

Well as Hans is asking for all that how about this?

A script that when used will call the chart of any pair that currently has an open trade and display only those charts ..

Like you have a basket of 7 pair, the script will call and display only the charts of those 7 pair .

just wondering... :?:
Well its the other way around I want to open charts for all pairs with a value >0.4 and <-0.4 .
say 16 pairs.
By monitoring the pairs I select my basket maybe 8 pairs
I delete the not used charts and reshuffle my screen that is all for now.
Maybe its easy to do with a script ???

hans..

I actually asked this question before on another forum , one answer I got was the following.

"It would require the use of some win32 API functions. Not really elementary mql4 but should not be difficult for anyone familiar with win32 programming."

Greek to me...
Author:  hansnl [ Fri Jul 20, 2012 9:47 am ]
Post subject:  Re: Baluda Indicators
Jemook wrote:
It would be great if someone had 100% history and could provide values to check against. The truth is they are almost all the same but when we are dealing with a difference of .1 to check if things are ranging or trending I'd like to know mine is as accurate and correct as possible.
Well why would we try to get this slope value spot on exact at 0.1 for everyone??
while the 0.4 or 0.8 are not values written in gold.
By all means its a lagging Indicator who indicates the strength of the past price action, its maybe far more better to use 0.55 and 0.7
So I would not worry about a difference of a few 0.1 ;)

bon weekend,
hans..
Author:  garyfritz [ Fri Jul 20, 2012 7:29 pm ]
Post subject:  Re: Baluda Indicators
Yes, Cowboy IBFX US is GMT+0. Markets open at 17:00 NY on Sunday, which is 21:00 GMT Sunday, so Cowboy IBFX shows a 3-hour Sunday candle.
Author:  Baluda [ Mon Jul 23, 2012 10:08 am ]
Post subject:  Re: Baluda Indicators
New version SlopeValues, v1.0.5, in post 1.
Changes:
  • Optimized correction for Sunday Candles
If you have Sunday candles and trade on Sunday, please use this new version.

Enjoy,

Paul
Author:  Baluda [ Mon Jul 23, 2012 10:31 am ]
Post subject:  Re: Baluda Indicators
New version iExposure, Tickets, v1.0.8, in post 3.
Changes:
  • Fixed Shelley BE Global Variable use.
This is a trivial upgrade, only valid for some users.

Paul
Author:  Baluda [ Mon Jul 23, 2012 10:39 am ]
Post subject:  Re: Baluda Indicators
new EA, MPBM, v1.0.0 in post 3.
What is MPBM:
  • MPBM = Multi Purpose Basket Manager.
  • Is like MPTM, but for monitoring baskets.
  • Code isolated from 'Bob and Jem and Shelley's Pivot Basket auto-trader'.
  • MPBM does not trade, only monitors and closes trades.
  • This is Steve's code, I only isolated the code I wanted (and removed unwanted code).
  • It is an EA, put it in the experts folder.
Enjoy,

Paul
Author:  mobthehop [ Mon Jul 23, 2012 10:49 am ]
Post subject:  Re: Baluda Indicators
Cool, thanks Paul!
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