NexusFi: Find Your Edge


Home Menu

 





Trendbolt? (MT4 indicator available in EasyLanguage?)


Discussion in MultiCharts

Updated
      Top Posters
    1. looks_one biffhero with 7 posts (0 thanks)
    2. looks_two sstheo with 4 posts (2 thanks)
    3. looks_3 ShadowFox with 3 posts (1 thanks)
    4. looks_4 ABCTG with 1 posts (1 thanks)
    1. trending_up 2,733 views
    2. thumb_up 4 thanks given
    3. group 4 followers
    1. forum 14 posts
    2. attach_file 4 attachments




 
Search this Thread

Trendbolt? (MT4 indicator available in EasyLanguage?)

  #11 (permalink)
 
ShadowFox's Avatar
 ShadowFox 
CO/USA
 
Experience: Intermediate
Platform: TradeStation, Multicharts
Trading: Stocks, Futures
Posts: 129 since Jun 2020
Thanks Given: 70
Thanks Received: 157

Okay I see the additional screenshot now. That's exactly what I get, just going to write out to show my thought process, but we are on the same page.

So M1 = 1 pt, M5 = 2 pt, M15 = 3 pt, M30 = 4 pt, H1 = 5 pt, H4 = 6 pt, D1 = 7 pt

Screenshot 1
Up = 1+2+4+5+6+2+4+5+6+2+5+6 = 48
Down = 3+7+1+3+7+1+3+4+7 = 36

48+36 = 84

Larger bias is up so 48/84 = 57% up bias (vs 54% shown)

Screenshot 2
Up = 34
Down = 50

Larger bias is down so 50/84 = 59.5% or rounded to 60% down bias (vs 62% shown)

Not exactly right but pretty close. That is why I was wondering if we could increase the sample size we might be able to hone in on where the discrepancies lie. Getting the code would be preferred but I do not have MT4 and don't want to go down that path either.

Visit my NexusFi Trade Journal Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
REcommedations for programming help
Sierra Chart
Trade idea based off three indicators.
Traders Hideout
Exit Strategy
NinjaTrader
Better Renko Gaps
The Elite Circle
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Spoo-nalysis ES e-mini futures S&P 500
29 thanks
Just another trading journal: PA, Wyckoff & Trends
25 thanks
Tao te Trade: way of the WLD
24 thanks
Bigger Wins or Fewer Losses?
22 thanks
GFIs1 1 DAX trade per day journal
17 thanks
  #12 (permalink)
biffhero
San Jose, CA
 
Posts: 10 since Sep 2020
Thanks Given: 3
Thanks Received: 1


ShadowFox View Post
Okay I see the additional screenshot now. That's exactly what I get, just going to write out to show my thought process, but we are on the same page.

So M1 = 1 pt, M5 = 2 pt, M15 = 3 pt, M30 = 4 pt, H1 = 5 pt, H4 = 6 pt, D1 = 7 pt

Screenshot 1
Up = 1+2+4+5+6+2+4+5+6+2+5+6 = 48
Down = 3+7+1+3+7+1+3+4+7 = 36

48+36 = 84

Larger bias is up so 48/84 = 57% up bias (vs 54% shown)

Screenshot 2
Up = 34
Down = 50

Larger bias is down so 50/84 = 59.5% or rounded to 60% down bias (vs 62% shown)

Not exactly right but pretty close. That is why I was wondering if we could increase the sample size we might be able to hone in on where the discrepancies lie. Getting the code would be preferred but I do not have MT4 and don't want to go down that path either.


Yep. I only calculated the up, and I got 57 and 40 as well. I'm going to go with that, then.
Thanks,
Rob

Reply With Quote
  #13 (permalink)
biffhero
San Jose, CA
 
Posts: 10 since Sep 2020
Thanks Given: 3
Thanks Received: 1


I don't have the scoring done yet, and I don't know how to do the stochastic calculations. Here's a screenshot of how far I have gotten so far.

Also, I have set everything to minutes, would we rather have the exact same 7 timeframes as the MT indicator?

Attached Thumbnails
Click image for larger version

Name:	Screenshot 2021-04-08 121140.png
Views:	112
Size:	144.7 KB
ID:	311324  
Reply With Quote
  #14 (permalink)
 
ShadowFox's Avatar
 ShadowFox 
CO/USA
 
Experience: Intermediate
Platform: TradeStation, Multicharts
Trading: Stocks, Futures
Posts: 129 since Jun 2020
Thanks Given: 70
Thanks Received: 157


biffhero View Post
I don't have the scoring done yet, and I don't know how to do the stochastic calculations. Here's a screenshot of how far I have gotten so far.

Also, I have set everything to minutes, would we rather have the exact same 7 timeframes as the MT indicator?

Looks interesting for sure. As far as the time frames, I have no idea as I haven't really used an indicator like this before. For futures I use 4 hr, 1 hr and five minutes for different indicators but I don't use any of these indicators in the suite. Maybe the OP can chime in.

Is it set up on data2,3,... If that's the case would it work for any timeframe the user wants as long as data2 < data3 etc.? Or are you applying code based on bar counts of data1?

Thanks for taking a stab at this. Not something I came in looking to use but will be interested in seeing how it works.

Visit my NexusFi Trade Journal Reply With Quote
  #15 (permalink)
biffhero
San Jose, CA
 
Posts: 10 since Sep 2020
Thanks Given: 3
Thanks Received: 1


ShadowFox View Post
Looks interesting for sure. As far as the time frames, I have no idea as I haven't really used an indicator like this before. For futures I use 4 hr, 1 hr and five minutes for different indicators but I don't use any of these indicators in the suite. Maybe the OP can chime in.

Is it set up on data2,3,... If that's the case would it work for any timeframe the user wants as long as data2 < data3 etc.? Or are you applying code based on bar counts of data1?

Thanks for taking a stab at this. Not something I came in looking to use but will be interested in seeing how it works.



You are completely correct, it is using data1 through data7. Any of them can be disabled, but I really hacked it together, and I haven't done any user testing. I didn't use any good coding standards or anything like that.

I am currently at an impasse, however. If you could provide input, that would be great.

1. This currently shows the historical values, as it is hijacking the plot statement, and using only the color for the data transfer. A side effect of this use pattern is that we have the history of the values, as shown across the chart. Or would you rather have a number that changes, and doesn't have any history to display?

2. I don't know how the Stochastic is calculated. Do you have access to MultiCharts? I am looking at "Stochastic SlowK", "Stochastic Fast", and "Stochastic Slow". Which is the one that should be done? All three, randomly picking one, and leaving the rest to an input? Even if I choose one of them to use, I'm not sure which of the returned variables from the different Stochastic functions is "stochastic". Once I get these decisions decided, I'll compare var99[0] with var99[1] and then if it's on the way up, it will be green.

Oh, I forgot. One more thing that's caused me problems, so I picked a random value and went with it. Are we going to be biased "towards green", or "towards red", or "towards neither" ?

Here's the code that I'm talking about:

A:
if (macdVar1[0] >= macdVar1[1]) then
else if (macdVar1[0] < macdVar1[1]) then

or

B:
if (macdVar1[0] macdVar1[1]) then
else if (macdVar1[0] <= macdVar1[1]) then

or

C:
if (macdVar1[0] macdVar1[1]) then
else if (macdVar1[0] < macdVar1[1]) then
else if (macdVar1[0] = macdVar1[1]) then


Thanks,
Rob

Reply With Quote




Last Updated on April 8, 2021


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts