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L W

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Posts posted by L W

  1. 6 hours ago, Soundwave401 said:

    Hey Mike,

    How can I get the indicator on the bottom to match the one on the chart so I can use it effectively in the scanner?

     

    On my chart the top Pace is using a 9 period.  If you want to change the top Pace put your mouse over it and right click to change it.  The bottom Pace looks like it is default at 20 period. If I change the bottom one to 9 it shows 26.4238 where the top one shows 26%. Hope that helps.

    • Thanks 1
  2. Hello and welcome to the forum.
    Here is some info I found that may help.
    *
    After looking into the TTM Squeeze indicator I see:
    1. Red dots mean no trade.
    2. Green dots means the indicator is on.
    3. A red dot followed by green dot means the indicator has fired and volatility is expanding.

    4.Trading: It is said that -
    The bars (histogram) going up or down is a measure of momentum.
    Going long comes when you have a red dot followed by a green dot and bars going up.
    Going short comes when you have a red dot followed by a green dot and bars going down.

    **
    How I start a paintbar.
    Like you are doing in the pic I start out in the basic editor and then move to the advance editor to fine tune.

    **1 & 2 above**
    With the "Squeeze" line I have found with  == 0 for green dot and == 1 for red dot.
    if (TTMSqueeze_Squeeze == 0) then you get a "Green Dot"
    if (TTMSqueeze_Squeeze == 1) then you get a "Red Dot"

    **3 above**
    Indicator has Fired
    To test for a red dot followed by a green dot I found something like this:
    One bar ago dot was red and on current bar it trying to stay green.
    if ((TTMSqueeze_Squeeze[1] == 1) && (TTMSqueeze_Squeeze == 0))

    If someone would want the signal to confirm first they can move the bars back one.
    if ((TTMSqueeze_Squeeze[2] == 1) && (TTMSqueeze_Squeeze[1] == 0))

    **4 above**
    With the "Bar" line like in your scan I have found:
    Bar > 0 Above the 0 line.
    if (TTMSqueeze_Bar > 0)

    Bar < 0 Below the 0 line.
    if (TTMSqueeze_Bar < 0)

    Note: I've notice that you will have a bar all the time but they do not show if the value is very small like -/+ 0.001
    I changed my indicator colors so I could see this.

    5a5a821e16249_ScreenHunter_01Jan_1316_08.jpg.a9864bb44415d8930b3c46228961b4d6.jpg

    When I watched a video they used the dots and bars that could be seen to maybe go long or short.
    More testing needed on this one to find the right bar values that show.
    For now I'm going to use -/+ 0.0015 so I can see the bar instead of 0.
    ***
    Now that we know the basics we can add more values together.
    If we were looking for a entry to maybe go long you need something like:
    Red dot followed by a green dot and then bars above the 0 line.
    if ((TTMSqueeze_Squeeze[1] == 1) && (TTMSqueeze_Squeeze == 0) && (TTMSqueeze_Bar > 0.0015))

    If we were looking for a entry to maybe go short you need something like:
    Red dot followed by a green dot and then bars below the 0 line.
    if ((TTMSqueeze_Squeeze[1] == 1) && (TTMSqueeze_Squeeze == 0) && (TTMSqueeze_Bar < -0.0015))

    Since the market is closed I have not done much testing and I can't verify everything now.

     

    • Thanks 1
  3. 16 hours ago, CryptoDips said:

    yes I am on the east coast also FL
    1. Do you know how to set an alert for MFI or any indicator or is there only alarms for prices???

    The Paintbars needs to have a Alert set in it.  This can be done in the Paintbar editor by adding

    
    
    

    Some info can be found here.

    https://www.medvedtrader.com/trader/WebHelp/index.html?advanced___paintbar_alerts.htm

     

    Also see my post here on adding a scan alert if the scan has the alert set.

     

  4. The OutsideIn is not something that happens often. I scan about 60 symbols and saw it trying to happen twice.  I added a TriggerAlert that you can add to a chart or scan when applying the paintbar.  In the scanner settings click on   "Params" then you can Edit/View both of the alerts settings.  You can change how long it takes the trigger to clear and restart.  You can set a popup and even play a sound.  You can do about the same thing when adding to charts also.

    Attached is the same OutsideInside, but with the added TriggerAlert so you can edit.

    5a58d22873d08_ScreenHunter_03Jan_1210_19.jpg.594c319d3a57fb41c05f3ff9c846587b.jpg

     

    I'm still learning myself. I hope it works for you.  If not maybe someone else might add to it that knows more.

     

     

     

    OutsideInside.PBExport

  5. 2 hours ago, Mike Medved said:

    Crypto, the parameters for MFI have to be same to compare it correctly. I will go to TradingView and try to compare their MFI to ours. Will report what I find.

    This is what my MFI looks like.  It doesn't look anything like the other charting programs or sites. I don't use it so it's about the first time I've seen it in MT.

    ScreenHunter_03 Jan. 11 21.42.jpg

  6. 47 minutes ago, CryptoDips said:


    I have MT scanning for symbols that are RSI < 20 an in Tradingview its the exact opposite. I am trying to figure out which one of you are correct???
     

    Last time I was on StockCharts and TDAmeritrade I checked some of the indicators in MT using the same settings and time frame.  I found them all close to each other, but not exact.  I don't use Tradingview, but did look at it and couldn't get it to show the current RSI of a stock to compare numbers.

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