ChrisMoody

Two Trading Systems - Based on Extreme Moves!!!

FX:XAUUSD   Gold/U.S. Dollar
Specific Details on Indicators, Thought Process, and Rules are in 1st Post.
Two Trading Systems - Based on Extreme Moves

I was asked to write the Williams Acceleration/Deceleration for @deejmoney … Looking at the indicator I decided to filter out the Signals by creating a LookBack Period of the Highs and Lows and plotting lines at 90% of those levels and color coding the Histogram when it exceeded the 90 Percentile of the Highs or Lows of the LookBack period which I call the Threshold Lines. If that condition is TRUE for the Williams Indicator I found the optimal entry was when the Histogram crossed the 50% level of the ZERO line and the Threshold lines, So I created a rule that plots a Visual Cross. Therefore we filtered out the signals by waiting for the Histogram to Exceed the 90th Percentile of the LookBack period, then waiting for a confirmation of the reversal by waiting for the Histogram to cross the Mid-Threshold line.

Then I applied the same concept to the MACD. This is Beta Version 1 b/c I need to add a few items to the MACD like the visual Cross. However the Entry is when the MACD (Which is the Histogram) crosses the Signal Line (Yellow Line).
***Note The MACD is the Histogram…I left out the normal Differential Histogram you Typically see with the MACD Indicator

***Next I’m going to program in a Divergence Signal on both.
***After the Divergence is coded correctly I’ll duplicate the system for other Popular Indicators.
***I’ve noticed that the Williams Indicator typically gives more signals and shows Counter Trend moves very well.
***The MACD Gives better Longer Term Trend Moves.
***When both Give Same Signal = High Probability Trade.
***Divergences Like on the Last MACD signal = Very High Probability Trades.
***The Orange Histogram Lines plot when the Histogram first reaches Mid-Threshold Lines. In sideways markets these create good Short Term Entries when the Histogram Crosses back Below that line….Note How often the Histogram Reverses when it hits that level...

Depending on the Symbol and TimeFrame you trade you may need to Adjust the LookBack Period of the Threshold lines — Adjust until you visually see signals give Good Trades.



PasteBin Link for CM_MAacD_System
http://pastebin.com/GWUqieUm

Pastebin Link for CM_Williams_Acceleration-Deceleration-Osc_System
http://pastebin.com/LrgrNTKd

Video On Importing Custom Indicator from PasteBin Link Below:
http://blog.tradingview.com/?p=265
Reply
pezq PRO
2 years ago
Hi Chris, its always interesting to look at your charts and programs. I was just wondering though what your thoughts were regarding my rather simple methodology and I send you the image link as follows, for a 12 hour gold chart with a jurik jrc2 indicator set for 20 periods 100 phase which records a close (above or below) to initiate a trade.
snapshot

Is there a direct way of communicating with you rather than posting comments below the studies?
I would be interested in a dynamic indicator for the linear regression whereby an upward slope of the baseline is one colour and the downward slope another colour. So for two linear regression indicators on a daily chart one set to 40 periods and the second to 20 (or 10) the change in colour would indicate a trade. It would be even better if that event could be an alert.
Reply
ChrisMoody PRO pezq
2 years ago
You can Private Message anyone. Put your cursor over there name and a pop up box will come up. Click on the mail like icon. I'll PM you now so you can see where it Alerts u at. I'm gone for 3 + hours though.
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mmoonn
2 years ago
This is a very interesting adjustment to MACD. It clearly shows the divergences that were created when MACD was outside the green/red line. Will use this one instead of traditional MACD. Thanks Chris.
Reply
B120626
2 years ago
hi chris, pastebin links are dead. has this been made obsolete by a newer script? thanks
Reply
ChrisMoody PRO B120626
2 years ago
Sorry about the Pastebin link...This wasn't updated to the PineScript Library for some reason. The most recent version is
MacD Custom Indicator-Multiple Time Frame+All Available Options!
But that MACD shows crosses and is Multi Timeframe Capable. I'll incorporate the Percentile ranks tis one has into the newer version and post it tomorrow or Wednesday.
+1 Reply
ChrisMoody PRO ChrisMoody
2 years ago
On To-Do List...Will be posted Tomorrow, Friday, Or Monday at absolute latest...Finishing up some complex codes I'm in the middle of.
Reply
P.I.P.B.O.Y.
7 months ago
Does this system still exist on TV?
Reply
ChrisMoody PRO P.I.P.B.O.Y.
7 months ago
Which system? The chart directly above if you click on it you can get the code. The chart at the top of the page right under you'll see related Links. If you click on that you'll see the code. Read the first post at the top...those links should still be valid. let me know if you can't find what your looking for...Just give me the specifics of exactly what your looking for.
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Robbins2
18 days ago
Fantastic. Are these the latest indicators?
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