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Hi Kalenzo
1) Your indicator paints past.
2) Do you have TRIX indicator? I need it.
Thanks
Yes, sherlock, we all see that. Use this one with was attached by newdigital.
Trix was posted on this forum, i think it was in the wma cross thread, but i'm not sure. Try to search a little.
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Hi Kalenzo (Mr Holmes!)
What is the difference between T3 TRIX in this forum and Metastock TRIX?
see these
Our is better lol just kidding
Post the metastock formula, i will check it.
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If anybody interested in trying that method taken from Moneytec
Quote:
I trade 18 pairs, use 4h charts and only spend 1h per day reviewing trades. So far have only used 0.5 lots with maximum stops 150 pt (2 - 5% risk). Strike rate is 77%. If I can make over $7500 per month trading half lots risking less than 5%, its easy to see possibility of making $20k or more per month soon. I'm increasing now to full lots, will move on from there.
I know.... early days, will need to see if I can continue to exceed 1500 pt per month.
No-one will believe 238% profit in 4 months. Take 4h GBPJPY chart and add 25 period Hull Moving Average (HMA) with slope coloured for up and down. Add Stochastic Momentum Indicator (SMI) with settings 39,6,75 and signal line 15. See if the chart tells you anything!.
I have the tradestation code for TRIX...and IMHO it is a good indicator. the code is divided into a function and an indicator. hope somebody will be able to convert it.
Function::::::::::::
Price( numericseries ),
Length( numericsimple ) ; { this input assumed to be a constant >= 1 }
Indicator::::::::::::::::
inputs:
Price( Close ),
Length( 9 ),
ColorNormLength( 14 ), { Number of bars over which to normalize the indicator
for gradient coloring. See also: comments in function NormGradientColor. }
UpColor( Yellow ), { Color to use for indicator values that are relatively high
over ColorNormLength bars. }
DnColor( Red ), { Color to use for indicator values that are relatively low
over ColorNormLength bars. }
GridForegroundColor( Black ) ; { Color to use for numbers in RadarScreen cells
when gradient coloring is enabled, that is, when both UpColor and DnColor are
set to non-negative values. }
{ Set either UpColor and/or DnColor to -1 to disable gradient plot coloring.
When disabled, Plot1 color is determined by settings in indicator properties
dialog box. Plot2 (ZeroLine) color always comes from indicator properties
dialog box. }
{ Gradient coloring }
if UpColor >= 0 and DnColor >= 0 then
begin
ColorLevel = NormGradientColor( TRIXValue, true, ColorNormLength, UpColor, DnColor ) ;
if ApplicationType = 1 then { study is applied to a chart }
SetPlotColor( 1, ColorLevel )
else if ApplicationType > 1 then { study is applied to grid app }
begin
SetPlotColor( 1, GridForegroundColor ) ;
SetPlotBGColor( 1, ColorLevel ) ;
end ;
end ;
{ Alert criteria }
if TRIXValue crosses over 0 then
Alert( "Indicator turning positive" )
else if TRIXValue crosses under 0 then
Alert( "Indicator turning negative" ) ;
The XAverage function is a weighted moving average of the prices of the last length bars. This function returns the current value of the exponentially smoothed moving average.
If anybody interested in trying that method taken from Moneytec
licho mabye u will tell us what do u see when u plot those 2 on chart?
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........................................ http://www.fxservice.eu/
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