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Dolly#10 & G#MACD + Signal Line
As i promised earlier in the Weekend here is the NEW Dolly #10
It is now very quick between Timeframes and there is no refresh issues it may still need a quick flick between timeframes to update for the new day. The 2 pictures show the 2 versions of the C#MACD with a signal line The G#MACD indicator with the SIGNAL LINE built in does tend to use a little more of computer cpu due to the amount of Data being processed and will slow down the switching between timeframes, thus slowing down Dolly slightly but not as slow as previous versions. The SEPARATE G#MACD LINE is best used by loading the standard G#MACD indicator 1st then the G#MACD LINE window, this way i prefer as you can lower the indicator down out of the way and have only the Data line showing and if you want to look at the indicator you just need to grab the top indicator border and lift it back into view, most important this way appears to not affect the cpu the same as the indicator with everything built in and speed is not significantly affected. This indicator is called the G#MACD which is short for GUPPY MACD as it uses a series of fast and slow lines similar in principal to the Guppy indicator The cross of the lines is the trading signal with the orange and light blue lines being the 2 fastest - to get an early signal wait for the orange line to cross the light blue and the signal is confirmed when all the orange & red lines cross & pass right thru the light blue & blue lines, the histogram also confirms the cross by being at the zero level when the lines cross, when the lines are above the zero level it is considered to have an upward bias and when below a downward bias. Another important thing to consider is the angle of the lines and the separation between them as a steep angle and good separation show a good strong move. Also the HISTOGRAM shows an early warning of a move running out of steam as it is an indicator of the indicator and shows the potential reversal signal earlier by the vertical lines starting to get smaller just as large vertical lines show the strength of a trend or move. Enter off the M5 with M1 conformation & at least the M15 showing the same direction and you should also use MM levels or Pivots or Fib retracement levels or trendline breaks to confirm the signal The 2 pictures supplied show the 2 different setups As I said over the Weekend This indicator is just 1 of your trading tools & is not the "Holy Grail"- if you blindly Enter & Exit just off the signals you are asking for trouble - please use common sense and conformation with other indicators Dolly Graphics_v10.mq4 G#MACD_Trading_Signals .mq4 Removed G#MACD #2 as causing too many cpu issues with some people Use The other options i have outlined in this thread Dolly#10 a.gif Dolly#10b.gif Last edited by cja; 12-13-2006 at 08:56 AM. Reason: Removed indicator |
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Indicators
Here are 2 other indicators - the Trading Times is for the best times to trade and you may have to set the times to suit your trading platform and a short line version of the Murrey Maths indicator ( My favourite Indicator )
Dolly_Trading Times #2.ex4 MM Short_LINES .ex4 Indicators.gif |
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Thanks 1000 time to you CJA, i will test this new dolly, and I will go live on January (if i have enough fund
).You are the best! ![]()
__________________
>>> $3.5 per lot Forex Cashback Let's hunt some pips! <<< Trade Forex Instantly! FREE USD 30!
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Quote:
And it loads longer than previous dolly. But dolly#10 without GMACD#2 is SUPER FAST! ![]()
__________________
>>> $3.5 per lot Forex Cashback Let's hunt some pips! <<< Trade Forex Instantly! FREE USD 30!
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