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Hey guys, I wrote these indicators using Jim Sloman's formulas, which you can read about in his "Ocean Book". The first is call the natural moving average, based on 20 bar calculation. The second is using the natural market river formula and moving average based on the river data.
Entry rules - check 3 timeframes for a 0-line cross of the red line on the NMR indicator, and a close above the NMA. This indicator was also effective as a multi-time frame indicator.
Exit - the red NMR average line re-enters the outer yellow band, after breaching it. Or if it didn't make it to the outer band you can exit when it touches the opposite band or the 0 line. You can also exit if you get a close on the other side of the NMA.
Dustin
Last edited by dustovshio; 03-04-2008 at 12:21 AM.
I had another time period for the other buffer. - feel free to delete unused buffers. Just waiting for someone to send me a gifted version of the full package so we can get develop a complete system.
I had another time period for the other buffer. - feel free to delete unused buffers. Just waiting for someone to send me a gifted version of the full package so we can get develop a complete system.
full package as in the indicators sloman is selling? i think if anyone deserves such a gift, it would be you haha!
no, i'm putting - you testing
ok, now your turn, guys - to come-up with a good system!
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update 20080303
NMA_mtf.mq4 -out
NMR_mtf.mq4 -out
NMA20_mtf.mq4 (12.1 KB)
NMR20_mtf.mq4 (17.4 KB)
please, update your files, delete old NMA_mtf and NMR_mtf and install new -NMA20_mtf and NMR20_mtf
new files are same as prevois but name changed to avoid possible filename confusion in a future:
current nma(nmr) has period 20 only; future versions will have MA period external imput
Trying to work out the longer time frames starting with daily 4hr and hourly as a basis for alerts and 5 minute for entries. Assume we could use gann lines or fib lines from previous sessions as exits and adr/1.5 for exits, that seems like a reasonable system. Not sure this works any better than conventional ma systems though. We need the mystical time element =) I;m sure dustohvino will be able to input something for the 4th dimension =)
Take a look on the 5minute and see what I am seeing.
upated to use heiken ashi bars for profit exits--when the bar goes to the oppsite direction on a 5 minute close take profits. If the NMA reverses exit for a loss.
Last edited by mezarashii; 03-04-2008 at 05:52 PM.