Attached is a screenshot of 3 new indicators I've built that were inspired by the MTF Heiken-Ashi system currently being manually traded. I'm building a new EA called "Delta9" based around these indicators, but I'm curious to know what you think of their visual appeal for manual trading. The first indicator shows Price Velocity bars and a MA line. The velocity is based on some adaptive moving averages. The 2nd indicator gets direct inspiration from the MTF HAS Bars and I call it the Price Compass....it simply shows whether price is rising or falling over multiple timeframes. The 3rd indicator is what I call the Price Throttle and it's designed to augment the Price Compass by showing the relative momentum of the trade direction. Dark Red & Green bars indicate full steam. Light Green and Light Red bars indicate slowing momentum and possible approaching change in trend....transitional bars. Gold bars indicate chop periods to possibly avoid trading. The indicators self configure to the current chart timeframe but you can add any number and/or combo of them on a given chart for all possible timeframes.

Thanks.

Attached Images

Delta9.gif (62.9 KB, 5263 views)

Bluto,

Nice, beautiful, visually appealing, YES! I can definitely trade manually with it.

ENJOY!

fxcruiser

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Thank you sir! You will be one of the first to receive the finished EA and the set of indicators. I know your body of work well and your opinion is important!

Nice one Bluto
By the way, any explanation about the name, "Delta9"? That's the cool one

Cheers,

Nice Indys, Bluto !!!

Direction + speed + volume

A Delta is a confluence of multiple tributaries into a large body of water. I suppose the metaphor here was the confluence of 9 timeframes into a composite decision tool.

Hi Bluto,

Will users have the ability to change the color scheme?

Wow ... cool! So, it's something like ZEN or ... whatever
Really nice name which reflect to the system itself

Cheers,

Nice bluto,

You can merge Price Compass with Price Throttle for particular timeframe into single area for easy viewing, anyone can choose if they want to see detail or not.

Any chance you give us a clue on how you paint the colors ?

or description of price volatility ? is it by pips ?

Yes, that's easily done.