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10.7/10.9 INDI SOLUTIONS
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3550		 Page 65 of 72
Author:  nanningbob [ Wed Jun 18, 2014 2:24 am ]
Post subject:  10.7/10.9 INDI SOLUTIONS
genaja » Tue Jun 17, 2014 5:51 pm wrote:Question about TMA Indies:

What is the difference between TMATrue 2.0 / 3.0 and the TMA_CG mod 3.1 Indicator?

I looked at the code, but... :smile: No Idea what goes on.


Thanks a lot!

P.S. I found an document with the statement, that TMA repaints and True not. Is that the difference?
Little to nothing. The ATR set at 60MA, The COG, and TMA are all about the same thing. Different indis, different math, same results.

You have to remember one thing about indis. Any indi that moves with price action, whether it uses lines, boxes, histograms, etc. etc. are nothing more than moving averages with different math formulas applied to them. If you take any moving indi and adjust the numbers you can make them look and work like other indis. RSI, STO, MACD, Laguirre, Awesome, plus a 1000 others are just variations of a theme.
Author:  nanningbob [ Wed Jun 18, 2014 2:26 am ]
Post subject:  10.7/10.9 INDI SOLUTIONS
fok » Tue Jun 17, 2014 4:14 pm wrote:
nanningbob » Tue Jun 17, 2014 7:02 am wrote:
pipalong » Tue Jun 17, 2014 8:55 am wrote:
Thanks for the response.

Im using Bob's latest template, and i show 10.7 and 10.9 STO's on the template chart.
Ive been watching it for a while now and have never seen it alert when all the lines are in agreement.

Maybe im doing something wrong? I get alerts when the STO7 crosses 10/30 90/70, but not when the D/W/M lines change from one side to the other, or when they are all aligned.

I might have mis-read something, but it was my understanding that the lines represented when price was above or below the open of the current candle, not the close of the previous candle. I guess that could be considered the same thing, if there were no gaps and the current candle opened at the exact price the previous candle closed. I could have that wrong, i apologize if i mis-understood that part. I might just be confusing myself.

Thanks for the help.
Even though I have written this on page 1 post 1 of the 10.7 page. I still see people talking about how the 10.7 system operates with the Daily Open or Weekly Open. It never has, it is in no way tied to the DO or WO or MO. It is a STO indi not a DO indi or WO indi or MO indi. All the formulas are based on the STO indicator. So it cant warn you of something it was never designed to do.

Milanese and I have written several times about this matter in the different threads yet it still persists in people's writings. They may actually act similar (STO7 D2.1 W2.1 WITH DO WO MO) on occasion but they were never designed to do so and are not programmed to do so. :)

The new dummy light bars however show the DO, WO, and the MO but the STO7 and D2.1 and W2.1 lines do not. Now if someone takes the duumy lights and adds a warning on a cross then yoy would have it. Right now with Sto7, TMA, and CSS warnings I am trying to reduce my warnings.

Here is my note of the first page of 10.7

JUST A NOTE ON THE STO INDI:

The Sto is not based on the opens but the STO as it relates to the last 2 candles
But if price is above weekly open, weekly 2.1 stoch is "high", if price is below weekly open, weekly 2.1 stoch is "low".

If price is above daily open, daily 2.1 stoch is "high", if price is below daily open, daily 2.1 stoch is "low".

And the daily/ weekly/ monthly open colored bars are perfect and easy for visual trading. Because of that there is no need for the daily/ weekly/ monthly stoch 2.1 indicator for me (only if checking the past historical highs/ lows I will apply the 2.1 indis temporary).
That will normally be true but may not be true in all cases. The D2.1 and W2.1 could flip on a reversal before they return to DO or WO. You just havent seen it yet because since the release of 10.7 we have had almost exclusively ranging markets. You will notice this more in strong trending markets.
Author:  nanningbob [ Wed Jun 18, 2014 2:29 am ]
Post subject:  10.7/10.9 INDI SOLUTIONS
pipalong » Tue Jun 17, 2014 9:23 pm wrote:Thanks for the clarification Bob, not sure how i missed that.

What I was looking for was an alert when the lines pin to one side or the other in alignment.

Not a big deal, just a wish list item for me.

Thanks again.
I just want everyone to understand that point because there will be some differences between the Opens and the 2.1 STOs in strong trending markets when they reverse. They are meant to be sensitive and to warn you quickly of changes in the market. Especially the D2.1 so you will close out a trade if you have a profit or price is going the wrong way it will warn you.
Author:  nanningbob [ Wed Jun 18, 2014 2:33 am ]
Post subject:  10.7/10.9 INDI SOLUTIONS
pipalong » Tue Jun 17, 2014 9:52 pm wrote:
JUST A NOTE ON THE STO INDI:

The Sto is not based on the opens but the STO as it relates to the last 2 candles
Could you explain how the sto indicator works relating to the last two candles?
I couldnt find this info.
Ive been trying to figure it out but cant seem to do so.

It doesnt seem to be based on the last 2 candles direction, eg, both up for both down.

Its a great indicator, would just like to know more details on how it functions.

Thanks for the help!
That is what the 2 is for. When you use a 3 MA it is getting the math of the last 3 candles. The STO uses the math of the 2MA and then its math formula. The STO is more sensitive to price movement than most indis are. It reacts quickly. That is why I use the STO7 and some are using STO14.We used to use the RSI 2 but I liked the STO better. The old RSI 2 could do about the same thing as the STO 7. They are approximately the same setting.
Author:  genaja [ Wed Jun 18, 2014 1:16 pm ]
Post subject:  10.7/10.9 INDI SOLUTIONS
nanningbob » 18 Jun 2014, 03:24 wrote:
genaja » Tue Jun 17, 2014 5:51 pm wrote:Question about TMA Indies:

What is the difference between TMATrue 2.0 / 3.0 and the TMA_CG mod 3.1 Indicator?

I looked at the code, but... :smile: No Idea what goes on.


Thanks a lot!

P.S. I found an document with the statement, that TMA repaints and True not. Is that the difference?
Little to nothing. The ATR set at 60MA, The COG, and TMA are all about the same thing. Different indis, different math, same results.

You have to remember one thing about indis. Any indi that moves with price action, whether it uses lines, boxes, histograms, etc. etc. are nothing more than moving averages with different math formulas applied to them. If you take any moving indi and adjust the numbers you can make them look and work like other indis. RSI, STO, MACD, Laguirre, Awesome, plus a 1000 others are just variations of a theme.

Hi Bob,

thanks for explaining. I read that at an other place from you. And I understand that.
My question again has the reason, that Gertje sad, he trades from one line to the opposite of TMA Channel and I am looked at this Idea.

So I tested the channels close with the Stoch Lines. See picture above.
Author:  nanningbob [ Fri Jun 20, 2014 12:09 pm ]
Post subject:  10.7/10.9 INDI SOLUTIONS
genaja » Wed Jun 18, 2014 9:16 pm wrote:
nanningbob » 18 Jun 2014, 03:24 wrote:
genaja » Tue Jun 17, 2014 5:51 pm wrote:Question about TMA Indies:

What is the difference between TMATrue 2.0 / 3.0 and the TMA_CG mod 3.1 Indicator?

I looked at the code, but... :smile: No Idea what goes on.


Thanks a lot!

P.S. I found an document with the statement, that TMA repaints and True not. Is that the difference?
Little to nothing. The ATR set at 60MA, The COG, and TMA are all about the same thing. Different indis, different math, same results.

You have to remember one thing about indis. Any indi that moves with price action, whether it uses lines, boxes, histograms, etc. etc. are nothing more than moving averages with different math formulas applied to them. If you take any moving indi and adjust the numbers you can make them look and work like other indis. RSI, STO, MACD, Laguirre, Awesome, plus a 1000 others are just variations of a theme.

Hi Bob,

thanks for explaining. I read that at an other place from you. And I understand that.
My question again has the reason, that Gertje sad, he trades from one line to the opposite of TMA Channel and I am looked at this Idea.

So I tested the channels close with the Stoch Lines. See picture above.
Trading from top to bottom or bottom to top works best in ranging markets, which is most of the time. However, it does not work in strong trending markets. So it is a good strategy this year since the markets have basically trended most of the year and trends have been short and sweet.
Author:  pipalong [ Fri Jun 20, 2014 9:32 pm ]
Post subject:  10.7/10.9 INDI SOLUTIONS
Can we use the 10.7/10.9 STO for back testing?

Im running into an issue where the lines are changing on me.

I took a screen shot last night when i put in a limit order, checked the charts today and the red and yellow lines had moved.

First example is the A/U here is a shot last night 6/19
audusdh4-61914.png
Here is a shot almost 24 hours later 6/20
audusdh4-62014.png
The red line looks like it crossed at the start of the week on the last shot.
When i first looked at the chart it was still on top aka the first picture.

Same thing with the A/J except with the yellow line....

6.19
audjpyh4-61914.png
6.20
audjpyh4-62014.png
Is this the way its suppose to be?
If so, i guess i should stop trying to manually back test this.

Thanks for any help you can give.
Author:  milanese [ Fri Jun 20, 2014 9:48 pm ]
Post subject:  10.7/10.9 INDI SOLUTIONS
The 2.1.1 weekly and daily line can change from 0 to 100 depending on price as you are looking to the actual open daily or weekly candle depending if price is higher/lower as the last closed D/W price...

Cheers :)

Tommaso
Author:  pipalong [ Fri Jun 20, 2014 11:23 pm ]
Post subject:  10.7/10.9 INDI SOLUTIONS
I guess this has me all kinds of confused.

How exactly does the STO indicator work?
Bob has said it has nothing to do with the daily/weekly open.

When exactly will the daily/weekly STO indicator switch sides?
How does it relate to the last 2 candles as Bob mentioned?

Is this just an example of a ranging market, and you can expect that it flip flop around even this late in the trading week? Its above the 60/240 on the H4 which is defined as an uptrend.....

Sorry for all the questions, im just trying to learn.
Just kinda frustrated as i thought i understood what i was reading and then comes this monkey wrench....

Back to page 1 for me and start re-reading all of this.....ive obviously missed something important....
Author:  milanese [ Fri Jun 20, 2014 11:32 pm ]
Post subject:  10.7/10.9 INDI SOLUTIONS
pipalong » Fri Jun 20, 2014 11:23 pm wrote:I guess this has me all kinds of confused.

How exactly does the STO indicator work?
Bob has said it has nothing to do with the daily/weekly open.

When exactly will the daily/weekly STO indicator switch sides?
How does it relate to the last 2 candles as Bob mentioned?

Is this just an example of a ranging market, and you can expect that it flip flop around even this late in the trading week? Its above the 60/240 on the H4 which is defined as an uptrend.....

Sorry for all the questions, im just trying to learn.
Just kinda frustrated as i thought i understood what i was reading and then comes this monkey wrench....

Back to page 1 for me and start re-reading all of this.....ive obviously missed something important....
The last two candles are related to the open, that why a 2.1.1 stoch works indeed like this you can try to look at the formula:
The idea behind the stoch indi is that prices tend to close near the extremes of the recent range before turning points. The Stochastic oscillator is calculated:

Where:Price is the last closing price
LOW_N(Price) is the lowest price over the last N periods
HIGH_N(Price) is the highest price over the last N periods
%D is a 3-period simple moving average of %K, SMA_3(%K).
%D-Slow is a 3-period simple moving average of %D, SMA_3(%D).

Cheers :)

Tommaso
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