StockFetcher Forums · Filter Exchange · ANOTHER ADX FILTER.......<< 1 2 3 >>Post Follow-up
chetron
2,817 posts
msg #87201
Ignore chetron
modified
1/27/2010 9:57:23 PM

STARTING WITH....


Fetcher[

SET{VAR1,COUNT(PDI CROSSED ABOVE MDI,1)}
SET{VAR2,COUNT(MDI CROSSED ABOVE PDI,1)}
SET{VAR3,COUNT(PARABOLIC SARS BELOW LOW,1)}
SET{VAR4,COUNT(PARABOLIC SARS ABOVE HIGH,1)}
SET{VAR5,COUNT(ADX ABOVE 20,1)}

SET{VAR11,VAR1 * VAR3}
SET{VBUY,VAR11 * VAR5}

SET{VAR12,VAR2 * VAR4}
SET{VSHORT,VAR12 * VAR5}

SET{VPLAYS,VSHORT + VBUY}

ADD COLUMN VBUY
ADD COLUMN VSHORT

DRAW VSHORT ON PLOT VBUY
DRAW PARABOLIC SARS
DRAW ADX LINE AT 20

VPLAYS ABOVE .5
DO NOT DRAW VPLAYS
CLOSE ABOVE .1
VOLUME ABOVE 100000





]



karennma
6,831 posts
msg #87204
Ignore karennma
1/27/2010 10:42:59 PM

"DRAW PARABOLIC SARS"
(do you use P.SARS? really? for what?)

DRAW ADX LINE AT 20
(why are you drawing a line @ 20?)

:>)



dickysofa
63 posts
msg #87207
Ignore dickysofa
1/27/2010 11:00:26 PM

ADX line at 20...

For many the > 20 line is approx where a stock transitions to trending

chetron
2,817 posts
msg #87233
Ignore chetron
modified
1/28/2010 6:57:14 AM

just been doing some reading, K.

they suggested using the position of the sars in conjunction with the adx, ie: buy adx+/- cross only if the sars is below price, but.....


Fetcher[

/* it all depends, if it is a pullback */

SET{VAR1,COUNT(PDI CROSSED ABOVE MDI,1)}
SET{VAR2,COUNT(MDI CROSSED ABOVE PDI,1)}
SET{VAR3,COUNT(PARABOLIC SARS BELOW LOW,1)}
SET{VAR4,COUNT(PARABOLIC SARS ABOVE HIGH,1)}
SET{VAR5,COUNT(ADX ABOVE 20,1)}

SET{VAR11,VAR1 * VAR4}
SET{VBUY,VAR11 * VAR5}

SET{VAR12,VAR2 * VAR3}
SET{VSHORT,VAR12 * VAR5}

SET{VPLAYS,VSHORT + VBUY}

ADD COLUMN VBUY
ADD COLUMN VSHORT

DRAW VSHORT ON PLOT VBUY
DRAW PARABOLIC SARS
DRAW ADX LINE AT 20

VPLAYS ABOVE .5
DO NOT DRAW VPLAYS
CLOSE ABOVE .1
VOLUME ABOVE 100000


]



chetron
2,817 posts
msg #87234
Ignore chetron
modified
1/28/2010 7:58:05 AM

ALL TOGETHER NOW....


Fetcher[


/* TACHIKAWA */
SET{PXM,DAYS(PDI CROSSED ABOVE MDI,100)}
SET{MXP,DAYS(MDI CROSSED ABOVE PDI,100)}
SET{NOX,PXM * MXP}

SET{VAR1,COUNT(PDI CROSSED ABOVE MDI,1)}
SET{VAR2,COUNT(MDI CROSSED ABOVE PDI,1)}
SET{VAR3,COUNT(PARABOLIC SARS BELOW LOW,1)}
SET{VAR4,COUNT(PARABOLIC SARS ABOVE HIGH,1)}
SET{VAR5,COUNT(ADX ABOVE 20,1)}

SET{VAR11,VAR1 * VAR3}
SET{VBUY,VAR11 * VAR5}

SET{VAR12,VAR2 * VAR4}
SET{VSHORT,VAR12 * VAR5}

SET{VAR21,VAR1 * VAR4}
SET{VPBBUY,VAR21 * VAR5}

SET{VAR22,VAR2 * VAR3}
SET{VPBSHORT,VAR22 * VAR5}

SET{VPLAYSA,VSHORT + VBUY}
SET{VPLAYSB,VPBSHORT + VPBBUY}
SET{VPLAYS,VPLAYSA + VPLAYSB}

ADD COLUMN VBUY
ADD COLUMN VPBBUY
ADD COLUMN VSHORT
ADD COLUMN VPBSHORT
ADD COLUMN PXM
ADD COLUMN MXP
ADD COLUMN NOX

DRAW VSHORT ON PLOT VBUY
DRAW VPBBUY ON PLOT VBUY
DRAW VPBSHORT ON PLOT VBUY

DRAW PARABOLIC SARS
DRAW ADX LINE AT 20
DRAW MXP ON PLOT PXM
DRAW NOX

VPLAYS ABOVE .5
DO NOT DRAW VPLAYS
CLOSE ABOVE .1
VOLUME ABOVE 100000

]



chetron
2,817 posts
msg #87236
Ignore chetron
1/28/2010 8:50:55 AM

The two indicators we are going to talk about here are found to be very well working when used side by side. This Forex trading system is an another simple discovery; and hundreds of such discoveries can be made when traders are there to learn and experiment.


Any currency pair and time frame can be used.


Indicators: Parabolic SAR default settings (0.02, 0.2), ADX 50 (with +DI, -DI lines)


Entry rules: Sell When the +DI line is below the -DI line, and Parabolic SAR gives sell signal. When the +DI line is above the -DI line, all Parabolic sell signals must be ignored.


Entry rules: buy when the +DI line is above the -DI line, and Parabolic SAR gives buy signal. When the +DI line is below the -DI line, all Parabolic buy signals must be ignored.


Exit rules: when +DI line and -DI lines have crossed again.


Also the higher the ADX rising - the stronger the current trend is. If ADX has reached 25, the strong trend is in place.

F X 1 6 1 8 DOT C O M



Forex system - Parabolic SAR + ADX
_________________________________________________________

Advantages: allows filtering entries and predicting good exits.


Disadvantages: Both Parabolic SAR and ADX are follow-up indicators. Although they complement each other very effectively, the “weakest” in chain is ADX, because during trading it can give one signal, but later change to the opposite. Once given a signal from ADX, waiting for the current price bar to close to avoid such misleading is advised.


chetron
2,817 posts
msg #87371
Ignore chetron
1/29/2010 7:27:57 AM



Background on Fractals and ADX?


ADX Indicator or Average Directional Movement Index gives you a reading of how strong the market is trending. We will use this to our favor and combine it with Fractal Indicator to pick a high probablity trade. These indicators can be found by default in your indicators list on your Metatrader 4 platform. Fractals show peaks and dips. To explain it easier, a Up Arrow Fractal forms when there is a lower high on both sides of a candle. A Down Arrow Fractal forms when there are higher lows on both sides of the candle. Please note that fractals will only form when the candle closes with the given criterias of high lows or lower highs on both sides.




Understanding Strategy
When the ADX is trending by seeing the blue line rising steadily, we look for Fractals to jump in the trend. We do not take all Fractals, only the ones with tails pointing to the Fractal. Let me explain this in a bit more detail and as simple as possible with some examples. (I will also be posting a video tutorial with this to help understand this method.)




Long (Buy) Positions Using Strategy


- On the ADX, the dotted green should be above dotted red and the solid blue line should be steadily rising
- Look for a Candlestick with a tail pointing to a Down Arrow Fractal
- When you see this Down Arrow Fractal, enter Long.
- Place stops 5 pips below the low of the Fractal Candle.
- Exit using proper money management or upon the cross of the dotted green and red lines in the ADX.




Long Position Example 1 :

Long Position Example 2 :

Short (Sell) Positions Using Guru Strategy


- On the ADX, the dotted red line should be above dotted green line and the solid blue line should be steadily rising
- Look for a Candlestick with a tail pointing to a Up Arrow Fractal
- When you see this Up Arrow Fractal, enter Short.
- Place stops 5 pips above the high of the Fractal Candle.
- Exit using proper money management or upon the cross of the dotted green and red lines in the ADX.





Fetcher[


/* TACHIKAWA */

SET{VAR1A,COUNT(PDI ABOVE MDI,1)}
SET{VAR2A,COUNT(MDI ABOVE PDI,1)}
SET{VAR5,COUNT(ADX ABOVE 20,1)}
SET{VAR3,LOW 1 DAY AGO}
SET{VAR4,LOW 2 DAY AGO}
SET{VAR6,COUNT(VAR3 BELOW LOW,1)}
SET{VAR7,COUNT(VAR3 BELOW VAR4,1)}
SET{VAR8,VAR6 * VAR7}
SET{VAR1,VAR1A * VAR8}

SET{VBUY,VAR1 * VAR5}

SET{VAR13,HIGH 1 DAY AGO}
SET{VAR14,HIGH 2 DAY AGO}

SET{VAR16,COUNT(VAR13 ABOVE HIGH,1)}
SET{VAR17,COUNT(VAR13 ABOVE VAR14,1)}
SET{VAR18,VAR16 * VAR17}
SET{VAR2,VAR2A * VAR18}


SET{VSHORT,VAR2 * VAR5}


SET{VPLAYS,VSHORT + VBUY}

ADD COLUMN VBUY
ADD COLUMN VSHORT

DRAW VSHORT ON PLOT VBUY

DRAW ADX LINE AT 20

VPLAYS ABOVE .5
DO NOT DRAW VPLAYS
CLOSE ABOVE .1
VOLUME ABOVE 100000


]



chetron
2,817 posts
msg #87479
Ignore chetron
modified
1/30/2010 12:11:55 PM

AND....


Fetcher[
/* TACHIKAWA */
/* Trading system - CFD-Ghanghro */

SET{VAR1,COUNT(CCI ABOVE 0.0000,1)}
SET{VAR2,COUNT(Fast Stochastics Fast %K(14) ABOVE 49.9999,1)}
SET{VAR3,COUNT(MACD HISTOGRAM ABOVE 0.0000,1)}
SET{VAR4,COUNT(DI DIFFERENCE ABOVE 0.0000,1)}

SET{VAR11,VAR1 * VAR2}
SET{VAR12,VAR3 + VAR4}
SET{VBUY,VAR11 * VAR12}


DRAW EMA(5)
DRAW EMA(20)
DRAW EMA(100)
DRAW CCI
DRAW MACD
DRAW PARABOLIC SARS
DRAW Fast Stochastics Fast %K(14)
DRAW DI DIFFERENCE
DRAW ADX ON PLOT DI DIFFERENCE

VBUY CROSSED ABOVE 1.5

]




OR MAYBE EVEN....


Fetcher[

/* TACHIKAWA */
/* Trading system - CFD-Ghanghro */

SET{VAR1,COUNT(CCI CROSSED ABOVE 0.0000,1)}
SET{VAR2,COUNT(Fast Stochastics Fast %K(14) ABOVE 49.9999,1)}
SET{VAR3,COUNT(MACD HISTOGRAM ABOVE 0.0000,1)}
SET{VAR4,COUNT(DI DIFFERENCE ABOVE 0.0000,1)}

SET{VAR11,VAR1 * VAR2}
SET{VAR12,VAR3 + VAR4}
SET{VBUY,VAR11 * VAR12}


DRAW EMA(5)
DRAW EMA(20)
DRAW EMA(100)
DRAW CCI
DRAW MACD
DRAW PARABOLIC SARS
DRAW Fast Stochastics Fast %K(14)
DRAW DI DIFFERENCE
DRAW ADX ON PLOT DI DIFFERENCE

VBUY CROSSED ABOVE .5

]



chetron
2,817 posts
msg #87504
Ignore chetron
modified
1/31/2010 8:44:45 AM

3rd td breakout qualifier......



Fetcher[

/* TACHIKAWA */
/* THE INVISIBLE LINE IS A LINE DRAWN THROUGH WICKS OF FRACTALS */
/* 1ST QUAL, PREVIOUS CANDLE CLOSES IN OPPOSITE DIRECTION OF INVISIBLE LINE BO */
/* 2ND QUAL,OPEN CROSSED INVISIBLE LINE BO */
/* 3RD QUAL, CLOSE CROSSED BOTH INVISIBLE LINE AND 3RD QUAL LINE DRAWN */

set{var1,close 1 day ago}
set{var2,high 1 day ago}
set{var3,low 1 day ago}

set{var4,var1 - var3}
set{VBOLONG,var4 + var1}

set{var6,var2 - var1}
set{VBOSHORT,var1 - var6}

DRAW PRICE LINE AT VBOLONG
DRAW PRICE LINE AT VBOSHORT

SET{VHH21,COUNT(HIGH 2 DAY AGO BELOW HIGH 1 DAY AGO,1)}
SET{VHH10,COUNT(HIGH BELOW HIGH 1 DAY AGO,1)}
SET{VHH3,VHH21 * VHH10}

SET{VLL21,COUNT(LOW 2 DAY AGO ABOVE LOW 1 DAY AGO,1)}
SET{VLL10,COUNT(LOW ABOVE LOW 1 DAY AGO,1)}
SET{VLL3,VLL21 * VLL10}

SET{HIHI,VHH3}
SET{LOLO,VLL3}

SET{VPICKS,HIHI + LOLO}


DRAW LOLO
DRAW HIHI

ADD COLUMN LOLO
ADD COLUMN HIHI

VPICKS ABOVE .5
DO NOT DRAW VPICKS
volume above 100000
close ABOVE .1

CHART-TIME 34 DAY
sort column 5 descending


]



chetron
2,817 posts
msg #87831
Ignore chetron
modified
2/4/2010 9:10:07 PM

how about....

Fetcher[
set{var1,count(high above Upper Bollinger Band(20,2),1)}
set{var2,count(macd histogram below 0,1)}
set{var3,count(di difference below 0,1)}

set{var4,var2 + var3}
set{vshort,var4 * var1}

set{var0,-0}
set{var11,count(low below lower Bollinger Band(20,2),1)}
set{var12,count(macd histogram above var0,1)}
set{var13,count(di difference above var0,1)}

set{var14,var12 + var13}
set{vbuy,var14 * var11}

set{vplays,vbuy + vshort}

add column vshort
add column vbuy

draw vshort on plot vbuy
draw Upper Bollinger Band(20,2)
draw di difference
draw macd

vplays above .5
do not draw vplays
close above .1
volume above 1000000
]




a little tighter....


Fetcher[

set{var1,count(high above Upper Bollinger Band(20,2),1)}
set{var2,count(macd histogram below 0,1)}
set{var3a,di difference 1 day ago}
set{var3b,count(di difference below var3a,1)}
set{var3,count(di difference below 0,1)}
set{var6,var3b * var3}
set{var5a,macd 1 day ago}
set{var5b,count(macd below var5a,1)}
set{var5,var2 * var5b}
set{var4,var5 + var6}
set{vshort,var4 * var1}

set{var0,-0}
set{var11,count(low below lower Bollinger Band(20,2),1)}
set{var12,count(macd histogram above var0,1)}
set{var13a,di difference 1 day ago}
set{var13b,count(di difference above var13a,1)}
set{var13,count(di difference above var0,1)}
set{var16,var13b * var13}
set{var15a,macd 1 day ago}
set{var15b,count(macd above var15a,1)}
set{var15,var12 * var15b}
set{var14,var15 + var16}
set{vbuy,var14 * var11}

set{vplays,vbuy + vshort}

add column vshort
add column vbuy

draw vshort on plot vbuy
draw Upper Bollinger Band(20,2)
draw di difference
draw macd

vplays above .5
do not draw vplays
close above .1
volume above 1000000

]






StockFetcher Forums · Filter Exchange · ANOTHER ADX FILTER.......<< 1 2 3 >>Post Follow-up

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