VTTrader: Indicator Discussions for VT Trader -
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thread: VTTrader: Indicator Discussions for VT Trader

  1. #21
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    - I've some questions about this fantail indior. I began looking for material that pertained to the fantail and the only thing I could find was in some Darryl Guppy newsletters. From the newsletters he makes a comparisions between his Guppy Multiple Moving Averages (shorterm 3,5,8,10,12,15 and longterm 30,35,40,45,50) and a indior he calls for the rainbow. The indior at first glance resembles the fantail. I am assuming that you are familar with Guppy's indiors as they are similar to the fantail and you posted a number of the indiors.

    He creates a claim that the rainbow indior isn't as reliable as his Guppy indior. He goes on about how it lags and it doesn't respond. For the reason that it uses factor ma that is multipla's right, But you can't make the identical claim concerning the fantail? Guppy into fantail's comparision isn't valid because of the difference in ma's' use.

    So if anybody reads these articles and clumps that the fantail indior using all the rainbow indior- they're creating a technical mistake. The fantail will respond quicker during consolidation (adx falling) and twist up during a trend (adx rising).

    My second question is to do with all the ADX part of the fantail. I am assuming that even the multiple, or the factor, is your true adx result?

    If it is under 20-25 price is non-trending- above 25 and increasing trend beginning. So every time a trend develops, the ADX climbs making the ma's more, therefore they stiffen up to display the tendency consistent.

    I just need to be certain that I am thinking correctly while comparing the 2 indiors.

    Thank you for all of your hardwork!

    Rippy
    Hi Rippy,

    I would say That's a very succinct and accurate comparison between Fantail and Guppy.

    Truly, Fantail a tropical fish range of Fancy Guppy is a derivative of GMMA designed to reduce the whip of all, but especially the Shorter Traders MA's while still maintaining the integrity of this Indior.

    After specifying Wilder's ADX, I then use Tuchar Chande's Variable MA formulation to make the MA's dynamic.

    By Daryl Guppy Trader
    The inferred activity of traders is monitored with a set of short term moving averages. The traders always lead the shift in trend. Their buying pushes up prices in expectation of a trend shift. Their activity is shown with a 5, 8, 5, 10, 12 and 15 day group of technologically calculated moving averages.

    The tendency succeeds only when other buyers come into the market. Long term investors support tendencies. The investor takes time to recognize the shift in a trend however he follows the lead set by traders. We track the investors' activity that is inferred by using a set of long term moving averages. This class is 40, 35, 30, 45, 50 and 60 day long-lived calculated moving averages.

    Mr. Guppy explains this while dealing with Daily Stock Charts in which his MA Periods would make more sense.
    Traders MA Periods
    03 ~ 0.5 Weeks.
    05 = 1.0 Weeks.
    08 ~ 1.5 Weeks.
    10 = 2.0 Weeks.
    12 ~ 2.5 Weeks. Not certain why it's not 13 but you figure out it
    15 = 3.0 Weeks.

    Long Term Group MA Periods begins at
    30 = 6.0 Weeks.


    If you're utilizing Guppy on Daily Forex, imho, that development ought to be adjusted to... 03, 06, 09, 12, 15, 18.
    The Long Term MA Periods should also be adjusted accordingly to accomodate 6 Day Weeks maybe not 5 36, 42, 48, 54, 60, 66.
    Attached is a 30 Minute GBP/USD for Fantail Daryl's Guppy comparison.

  2. #22
    Junior Member batraca's Avatar
    13
    While utilizing's changeable ma timeframe indior I found myself in first employing the more timeframes, Ex-(1hr chart use 4hr ma's). In my trading I always find myself glancing down in a 5 min chart before placing any trade. I do not want to make my transactions whereas the shorterm 5 min chart is in disaggrement with all the longterm charts. It occurred to me that all I must do is put the factor ma's indior- . Now I always put the next shorterm ma's on my chart. I do not have to waste my time looking at a 5 min chart. Additionally, it opens up ma relationships that may be traded. (See image)
    I thought I'd run this by other traders and see if this appliion has merit!
    As you can see, the Black 5 second -10 period ma - acts as a leading indior.

    Thanks,
    Rippy

  3. #23
    While using's changeable ma interval indior I found myself in first employing the longer timeframes, Ex-(1hr chart use 4hr ma's). In my trading I find myself quickly glancing down in a 5 minute chart before placing any trade. I don't wish to create my trades while the shorterm 5 minute chart is in disaggrement using the longterm charts. It occurred to me that I must do is put the ma's indior- place to the 5 min ma I need. Now I place the next lower interval shorterm ma's on my chart. I don't need to waste my time looking at a 5 minute chart. This opens up. (See picture )
    I thought I would run this by other traders and see whether that appliion has merit!
    As you can see, the Black 5 second -10 period ma - functions as a leading indior.

    Thanks,
    Rippy
    Hi Rippy,

    This is a Really easy mistake to make and a Fantastic lesson for all. I hope you wont mind if I point something out here.

    Once I constructed this indior the intention was to view an MA from a Greater Timeframe. not diminished Timeframes The formula to do this is as follows.

    SourceMAPeriods * SourceTimeframeMinutes / Destination TimeframeMinutes.

    Applying this equation, your formula would read.

    10 * 5 / 30

    Which could compute to 1.66

    Therefore, in effect, you are applying a 1 pub MA for your 30 Minute chart.

    Sorry if that dissappoints you but I could not leave it without letting you know.

  4. #24
    Junior Member batraca's Avatar
    13
    At the back of my head I had been wondering how you could produce the ma to be made up by the more compact data. I understand you can get a greater timeframe ma. Thank you for clearing up that. I will take that shortcut from my routine.

    Thanks,
    Rippy

  5. #25
    Hi, bemac, need your help here

    I am wrrting a very simple trading system where buy signal will be genrated whenever the close cross 20 MA

    buy:=cross(C,mov(c,20,s));

    I m using a 15 minute TF and what I have discovered is that at this moment the price already crossed the 20 moving average,and keep above it for few sec but the follwing sec it'd turned down, creating a top tail and cross back beneath the 20 moving average. The current price bar is

    My question is:

    How to confirm that the price is already cross the 20 moving average?

    thanks you

  6. #26
    Hi, bemac, need your help here

    I'm wrrting a simple trading system where buy signal will be genrated whenever the closing cross 20 MA

    buy:=cross(C,mov(c,20,s));

    I m working with a 15 minute TF and what I have discovered is that at this moment the price already crossed the 20 moving average,and stay over it for few sec but then the follwing sec it'd turned down, creating a upper tail and cross back beneath the 20 moving average. The current price bar is lively!!!

    My query is:

    How to confirm the price is already cross the 20 moving average?

    Thanks you
    About the Current Bar, VT uses the Last @ as the Close.
    This means that if the 2nd tick on the Current Bar Crosses Above the MA, your Buy Criteria will be True will remain so as long as the Last @ remains over the MA. When the Current Bar Ends [closes] over the MA, your Buy will be triggered.
    [remember that VT activates orders @ the Close of the Bar just.
    I know there are pros and cons to this ]


    You may choose to try this to evaluate results but remember that it will still activate @ the close of the bar.

    Buy:=cross(High,mov(c,20,s));

    Let me know if this helps.

  7. #27
    Additionally, depending on your egy you could just reference the former bar for your condition...

    Long:= ref(C,-2) lt; mov(C,20,S) and ref(C,-1) gt; mov(C,20,S);

    However, if you are using this to get automated trading it's the consequence of slowing your entry by 1 full bar since the requirement will be true on the first tick of this newly forming bar, but you need to await that bar to close for the order to be placed.

    Both approaches have their advantages and disadvantages. This is just one more alternate.

    Regards,
    Chris

  8. #28
    Thank you bemac and chris for the explantaion,

    So I can say the code cross(C,mov(c,20,s0) will only be triggered once the Close of the current bar is above the 20 moving average and it is not depends on the energetic motion of the current bar.right?

    I think I misundertood as I saw among the indcitor I m using is lively (RSI), for example, current RSI isgt; 50 but few minute after it dint cross the 50 mark and remain below it. I suppose I can use technique that is chris to filter this.

    Long:= ref(rsi(14),-2) lt; 50 and ref(rsi(14),-1) gt; 50;

    please correct me if I am wrong.

    thanks alot guys

  9. #29
    thanks bemac and chris for its explantaion,

    so that I can declare the code cross(C,mov(c,20,s0) will only be triggered once the Close of the current bar is over the 20 moving average and it is not depends on the dynamic movement of the current bar.right?

    I believe I misundertood as I saw among the indcitor I using is lively (RSI), as an instance, current RSI isgt; 50 but few second after it dint cross the 50 mark and remain below it. I guess I can utilize technique to filter that.

    Long:= ref(rsi(14),-2) lt; 50 and ref(rsi(14),-1) gt; 50;

    please correct me if I am incorrect.

    Thanks alot guys
    Not certain if this is a typo but...
    so that I can declare the code cross(C,mov(c,20,s0 ) won't pass.

    RSI Filter.
    Long:= ref(rsi(14),-2) lt; 50 and ref(rsi(14),-1) gt; 50;
    As long as you don't mind going long in case the RSI for the Current Bar Close is below 50 as it might be.
    This could still put you Extended even if the RSI crossed back Beneath 50.
    RSI 2 Bars ago = 48.
    RSI 1 Bar ago = 51.
    RSI Current Bar = 49.
    Result would be Long at Close of Current Bar.

    This one will probably just get you Long in the Close of the Current Bar when the RSI is crosses Above 50 Throughout the Current Bar.
    Long:= ref(rsi(14),-2) lt; 50 and ref(rsi(14),-1) lt;= 50 and rsi(14) gt; 50;

    The ref(rsi(14),-2) lt; 50 makes sure the RSI is approaching 50 in the right direction.
    The ref(rsi(14),-1) lt;= 50 and rsi(14) gt; 50; will ensure that the RSI Just crossed above 50.

    Like Chris said, it really depends on just what your entrance criteria is/are.

    Obtaining any closer? Or more confusing?

  10. #30
    I sorry that is a TYPO

    my criteria is buy when the RSI is over 50 and close is affirm / static/not dynamic/wont change anymore for that specific pub

    Require the daily TF by way of example, The EOD will get us the close, high, low and open. So if RSIgt; 50 is shown by the EOD of the close that afternoon, that will generate a buy signal.

    I attempt to provide an example of the dynamic movement:

    Long:= ref(rsi(14),-2) lt; 50 and ref(rsi(14),-1) lt;= 50 and rsi(14) gt; 50

    For the above code, even if current bar for TF 15 minutes, is it like this:

    5th minute = RSIgt;50 -- buy? Arrow appear
    6th minute = RSIlt;50 - eventually become no buy? Arrow dispear
    10th minute = RSIgt;50 again -- buy sign ? Arrow look again

    what I attempt to get is in the 16th minute which is just another bar for TF 15 is supported RSIgt;50

    can I do it like this:

    Long:= ref(rsi(14),-2) lt; 50 and ref(rsi(14),-1) lt;= 50 and rsi(14) gt; 50 and ref(rsi(14),1)gt;0

    thanks

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