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LinkBack (47) | Thread Tools | Display Modes |
06-10-2007, 03:04 AM
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ToR 1.20 - Trending or Ranging
ToR 1.20
OK, the latest version of ToR now adds CCI on three timeframes, 1 min, 5 min and 15min with both Entry and Trend user adjustable. The calculation is done price typical so it will match up with woodie's CCI numbers. OK, 1.11 was broken, if anyone has it delete it and use 1.12 instead or the new 1.20. This indicator I originally wrote to simple tell between trending and ranging markets. But now it's almost a little trading system in itself. The next version will give plain text buy and sell signals in addition to what is shown in 1.20. Other functionality remains the same. This indicator shows you whether a pair is trending or ranging. For trending markets use moving averages and for ranging market use oscillators. It shows ADX values for multiple timeframes to help you decide which trading technique to use. Sometimes you'll see short-term trends against the H4 and D1 trend. Green is up, Red is down, Blue is ranging. There are two arrows for both up and down depending on the strength of the trend. There is a 45 degree arrow up and down for beginning trend and a 90 degree arrow up and down for strong trends. The squiggly lines represent ranging. Also, it seems to me that in ranging markets you'll get conflicting info from ADX on different timeframes. Version: 1.20 1.20 - added CCI with two periods in 1, 5 and 15 min 1.12 - fixed some bugs in 1.11 1.11 - changed to "stronger" and "weaker", added 4 Hour 1.10 - added ADX increasing and decreasing notice 1.03 - adjusted spacing, fonts, unreleased 1.02 - added arrows, ranging icon, no zero space state for icons/arrows, spacing got messed up, now fixed 1.01 - unreleased, reduced number of colors, functional 1.0 - unreleased, too many colors for ADX values
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You can find me on irc.ircforex.com most of the time... on #forex Myspace Facebook My Indicators: Trade Assistant Trend Friend ToR CCI Helper Holder of US Patent 6,774,788 Last edited by nittany1 : 01-29-2008 at 01:39 AM. Reason: Updated Version of Indicator     
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06-10-2007, 03:35 AM
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Thanks! Heh. I hope everyone makes good use of it! Best of luck everyone.
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You can find me on irc.ircforex.com most of the time... on #forex Myspace Facebook My Indicators: Trade Assistant Trend Friend ToR CCI Helper Holder of US Patent 6,774,788
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06-10-2007, 03:44 AM
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Keep up the good work.
Thanks. Looks great. Will try it out. Jatki24300
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06-10-2007, 04:46 AM
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Wow
I am super impressed. This is your first one. Amazing..a star is born
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06-10-2007, 12:16 PM
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looks great well done.
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Metatrader 4 - EA Live and Demo Hosting Solutions http://www.omegasupreme.com
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06-10-2007, 04:35 PM
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Thanks guys!
__________________
You can find me on irc.ircforex.com most of the time... on #forex Myspace Facebook My Indicators: Trade Assistant Trend Friend ToR CCI Helper Holder of US Patent 6,774,788
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Linear Mode
