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New Paintbar 4 Shortterm
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New Paintbar 4 Shortterm

  #1 (permalink)
Elite Member
Neubrandenburg, Germany
 
Futures Experience: Advanced
Platform: R
Favorite Futures: Stocks
 
wh's Avatar
 
Posts: 538 since Jun 2009
Thanks: 297 given, 480 received

New Paintbar 4 Shortterm

Hello,

i will follow the sharky rule, but i am not disciplined. i want to trade all ...
so i look for a conservative style. i want to trade 2 or 4 trade pro session and will hope it helps ... i do not make more counter trends ...

the rmma in panel 2 shows condolidation zones ... never buy/sell if close[0] is in zone ... wma 1 - 360

so i add this in doublemapaint code

 
Code
                            
//if(rising)
                
if(rising)
                {
                    
RisingPlot.Set(bar 1val2);
                    
RisingPlot.Set(barval1);
                    if (
PaintBar && Close[0] > WMA(Close,360)[0])
                        
BarColor barColorUp;
                    else 
                        
BarColor barColorNeutral;
                    
Signal.Set(1);
                }
                
//else if(falling)
                
else if(falling)
                {
                    
FallingPlot.Set(bar 1val2);
                    
FallingPlot.Set(barval1);
                    if (
PaintBar && Close[0] < WMA(Close,360)[0])
                        
BarColor barColorDown;
                    else 
                        
BarColor barColorNeutral;
                    
Signal.Set(-1);
                } 
sorry can not export ...

Attached Thumbnails
New Paintbar 4 Shortterm-new-paintbar.png  
Attached Files
Register to download File Type: cs DoubleMAPaint.cs (21.1 KB, 31 views)

Last edited by wh; July 3rd, 2009 at 05:05 AM.
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  #2 (permalink)
Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
Big Mike's Avatar
 
Posts: 46,240 since Jun 2009
Thanks: 29,352 given, 83,230 received

wh,

So you are using a WMA(360) moving average, as in 360 bars of length and basically trading it as a long/short signal? If your paint bars would normally be long, but the WMA 360 is not yet long, then you paint yellow and vice versa for shorts?

I did something similar with SuperTrend lately (my own version, called TrendBars2). I mentioned it in the VIP section you maybe saw it.

I think it is a good idea and I like mine this way as well. I am using a different method (discussed in VIP section) but I think the method you use to calculate it is probably not critical, just find something as you have done that keeps you out of the "middle".

Are you scalping for ticks? If yes, then we are alike, so I don't need to be first in line when a trend reverses, I just need the trend to continue a few ticks so I can get my piece. Too many traders try to find the indicator that gives them that early signal, when really being first is not the best in trading.

Mike

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  #3 (permalink)
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Futures Experience: Advanced
Platform: R
Favorite Futures: Stocks
 
wh's Avatar
 
Posts: 538 since Jun 2009
Thanks: 297 given, 480 received


mike,

the idea with wma 360 came on a 4 minute chart. 4 * 360 is one day. but on 4 range charts i do not know why, works better. when price reverse i made to many trades.

but we are looking for some pips/points. so new paintbar shows only if long or short niveau == trend and so i do not see the counter trends, which always tempts me ... to lose money ...

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