Spaghetti Indicator (28 Pair Relative St)
I would like to share these indicators for traders who are using certain basket trading systems or single pair trading systems, such as:
1- Mr T101 Basket Trading System: Next to Basket_indicator, T101_v1[1].14_orest, BuySellBasketTotalv2, BasketBars_v1.5, BasketBars_v2.1E, Multi-Basket_FOREXflash_v3
Basic method of T101: http://www.forexfactory.com/showpost...50&postcount=1
Orest, SMJ, FF... Indicators: http://www.forexfactory.com/showpost...69&postcount=1
Latecomers all_in_one: http://www.forexfactory.com/showpost...postcount=1038
2- Mr Kang_Gun Relative Strength Basket Trading System: KG RS GROUP & KG_RS_JPY, next to KG_RS_XXX
http://www.forexfactory.com/showpost...20&postcount=1
3- Using the Mr Es Trader trading system of relative strength: in addition to the Mr FerruFx indicator
http://www.forexfactory.com/showthread.php?t=113181
Mr 1trader2 : Using Relative Strength Trading System - Part 2
http://www.forexfactory.com/showthread.php?t=116412
4- Any single pair trading system is especially suitable for: EU, GU, GJ, EJ as a single currency strength meter (sentiment) and Cpair sentiment meter
Require:
a- Demo account of a broker with all CPair (USD, EUR, JPY, GBP, CAD, CHF, AUD, NZD) = 28 CPair "The most active broker with good trading volume in any CPair"
Preferably Alpari (Russia), MIG, Foxpro , ODL (CPair name has no prefix or suffix)
b- MT4 V218+
c- CPU 2Ghz+, Ram 1Gb+, 10GB+ Free space in the drive where demo MT4 is installed (e.g. C:\), Fast Internet connection (64 kbps+)
run:
1- Run the demo account Mt4, then set the "Maximum number of bars in history" to 30,000,000 and "Maximum number of bars in charts" in MT4->Tools->Options->Charts to 500,000
2- Open all 28 CPair charts
3- In each chart, switch TF to refresh each TF data for each chart (28*9 times), this may take a few minutes
4-Exit MT4 and run Agian (this will save the last received chart data)
5- Drag and drop "Sentiment_All_v2" to EURUSD or USDJPY or GBPUSD and add level 0 as needed.
Typical setup:
TF5m settings: MA_Per = 12, Flt_Per = 3, CandleBack = 1, History = 120
TF15m settings: MA_Per = 8, Flt_Per = 3, CandleBack = 1, History = 120
TF30m settings: MA_Per = 6, Flt_Per = 2, CandleBack = 1, History = 120
Settings for TF1H, TF4H, TF1D, TF1W: MA_Per = 5, Flt_Per = 2, CandleBack = 2, History = 120
6- Drag and drop "Sentiment_Cpair_v2" to the desired CPair using the same settings.
rule:
a- In non-volatile markets "Sentiment_All_v2": The crossing of two curves of any CPair for two single currencies will be a pre-entry signal or confirmation for any of the above systems especially if the two curves start from opposite sides of the 0 horizontal line and then cross each other and then reach the other side of the 0 horizontal line.
b- The intersection of “Sentiment_Cpair_v2” and the white curve at level 0 as shown above will be a pre-entry signal for the trade.
c- Depending on your system exit or use TP/SL/TSL or use trailing profit protection or "use opposite direction cross" white curve to 0 level.
d- For basket trading, attach both indicators to EURJPY and use them as pre-entry signals outside of the basket/relative strength basket trading system described above.
e- For intraday trading, use TF4H “5,2,2,120” as trend confirmation (white: above 0 and increasing angle = UP_TREND, below 0 and increasing angle = DOWN_TREND)
Then use TF15m "5,2,2,120" as the entry signal for the trend following method.
Note 1: In TF4H, if the white curve is flat, use TF1H "5,2,2,120" as trend indication and TF15m or TF5m as entry signal
Note 2: In TF4H, if the white curve and 0 level line angles converge, it means a retracement or (trend reversal if crossing 0 and 4H candle close), then trade with lower TF "5, 2, 2, 120" and tight stop loss/take profit.
Note 3: If the two curves of a single currency for any CPair move to the same side of the 0 level and converge together, it does mean semi-equal strength, then do not trade that CPair until conditions change (the two curves diverge)
f- For faster entry and exit (scalping), use TF5m, " 4 , 2 , 1 , 120 "
g-Ranging Market Detection: Use "Activity_indic_1", TF5m "8, 2" as ranging market detector, if 3 curves are close to zero level, it is ranging, then do not trade or use "Sentiment_Cpair_v2", TF1m "5, 2, 2, 120" and strict SL/TP for scalping
h- Ready trigger state, set TF5, "1,1,1,120" for retrace capture or turning point capture from pivot or Fibonacci.
Things to note:
1- By combining the gravity of the Sentiment_Cpair_v2 and Activity_indic_1 midline ( Aqua ) spanning the 0 level to one of the other 2 curves and diverging from the 0 level, you can use these indicators as entry points, or into the middle of the median curve ( Aqua ) for exits.
2- These indicators are very time consuming for the CPU, so do not use other indicators in this demo MT4 unless you have a powerful PC or laptop (dual or quad)
3- Exit MT4 "2 times a day" and run it again to save the last data received.
4- Randomly switch TFs of attached indicator charts to refresh all chart TF data, or don't switch to TFs you don't need.
5-I did use some code from "MultiPairTrend_v2.1" by Mr. "Alexander Arzumanov", congratulations.
6- These indicators can be used alone for entry and exit through the white curve crossing the 0 horizontal line or reaching the middle of the Activity_indic_1 median curve ( Aqua ).
7-It's not easy to use these sensors! Apologize! For my coding and MT4 low speed,
Basic knowledge:
These indicators use the price action and volume of all 28 Cpairs as a general sentiment indicator for each currency as well as any 28 Cpairs. In fact, these are professional_tracer indicators!
These indicators perform better in high volume and low spread brokers Settings: MA_Per = moving average calculated for "n" CustomCandles, Flt_Per = curvature smoothing period, CandleBack = conversion of "k" candles into one CustomCandle via periodx = k*period() and generated CustomCandle overlap, History = maximum bar used for plotting
1- Mr T101 Basket Trading System: Next to Basket_indicator, T101_v1[1].14_orest, BuySellBasketTotalv2, BasketBars_v1.5, BasketBars_v2.1E, Multi-Basket_FOREXflash_v3
Basic method of T101: http://www.forexfactory.com/showpost...50&postcount=1
Orest, SMJ, FF... Indicators: http://www.forexfactory.com/showpost...69&postcount=1
Latecomers all_in_one: http://www.forexfactory.com/showpost...postcount=1038
2- Mr Kang_Gun Relative Strength Basket Trading System: KG RS GROUP & KG_RS_JPY, next to KG_RS_XXX
http://www.forexfactory.com/showpost...20&postcount=1
3- Using the Mr Es Trader trading system of relative strength: in addition to the Mr FerruFx indicator
http://www.forexfactory.com/showthread.php?t=113181
Mr 1trader2 : Using Relative Strength Trading System - Part 2
http://www.forexfactory.com/showthread.php?t=116412
4- Any single pair trading system is especially suitable for: EU, GU, GJ, EJ as a single currency strength meter (sentiment) and Cpair sentiment meter
Require:
a- Demo account of a broker with all CPair (USD, EUR, JPY, GBP, CAD, CHF, AUD, NZD) = 28 CPair "The most active broker with good trading volume in any CPair"
Preferably Alpari (Russia), MIG, Foxpro , ODL (CPair name has no prefix or suffix)
b- MT4 V218+
c- CPU 2Ghz+, Ram 1Gb+, 10GB+ Free space in the drive where demo MT4 is installed (e.g. C:\), Fast Internet connection (64 kbps+)
run:
1- Run the demo account Mt4, then set the "Maximum number of bars in history" to 30,000,000 and "Maximum number of bars in charts" in MT4->Tools->Options->Charts to 500,000
2- Open all 28 CPair charts
3- In each chart, switch TF to refresh each TF data for each chart (28*9 times), this may take a few minutes
4-Exit MT4 and run Agian (this will save the last received chart data)
5- Drag and drop "Sentiment_All_v2" to EURUSD or USDJPY or GBPUSD and add level 0 as needed.
Typical setup:
TF5m settings: MA_Per = 12, Flt_Per = 3, CandleBack = 1, History = 120
TF15m settings: MA_Per = 8, Flt_Per = 3, CandleBack = 1, History = 120
TF30m settings: MA_Per = 6, Flt_Per = 2, CandleBack = 1, History = 120
Settings for TF1H, TF4H, TF1D, TF1W: MA_Per = 5, Flt_Per = 2, CandleBack = 2, History = 120
6- Drag and drop "Sentiment_Cpair_v2" to the desired CPair using the same settings.
rule:
a- In non-volatile markets "Sentiment_All_v2": The crossing of two curves of any CPair for two single currencies will be a pre-entry signal or confirmation for any of the above systems especially if the two curves start from opposite sides of the 0 horizontal line and then cross each other and then reach the other side of the 0 horizontal line.
b- The intersection of “Sentiment_Cpair_v2” and the white curve at level 0 as shown above will be a pre-entry signal for the trade.
c- Depending on your system exit or use TP/SL/TSL or use trailing profit protection or "use opposite direction cross" white curve to 0 level.
d- For basket trading, attach both indicators to EURJPY and use them as pre-entry signals outside of the basket/relative strength basket trading system described above.
e- For intraday trading, use TF4H “5,2,2,120” as trend confirmation (white: above 0 and increasing angle = UP_TREND, below 0 and increasing angle = DOWN_TREND)
Then use TF15m "5,2,2,120" as the entry signal for the trend following method.
Note 1: In TF4H, if the white curve is flat, use TF1H "5,2,2,120" as trend indication and TF15m or TF5m as entry signal
Note 2: In TF4H, if the white curve and 0 level line angles converge, it means a retracement or (trend reversal if crossing 0 and 4H candle close), then trade with lower TF "5, 2, 2, 120" and tight stop loss/take profit.
Note 3: If the two curves of a single currency for any CPair move to the same side of the 0 level and converge together, it does mean semi-equal strength, then do not trade that CPair until conditions change (the two curves diverge)
f- For faster entry and exit (scalping), use TF5m, " 4 , 2 , 1 , 120 "
g-Ranging Market Detection: Use "Activity_indic_1", TF5m "8, 2" as ranging market detector, if 3 curves are close to zero level, it is ranging, then do not trade or use "Sentiment_Cpair_v2", TF1m "5, 2, 2, 120" and strict SL/TP for scalping
h- Ready trigger state, set TF5, "1,1,1,120" for retrace capture or turning point capture from pivot or Fibonacci.
Things to note:
1- By combining the gravity of the Sentiment_Cpair_v2 and Activity_indic_1 midline ( Aqua ) spanning the 0 level to one of the other 2 curves and diverging from the 0 level, you can use these indicators as entry points, or into the middle of the median curve ( Aqua ) for exits.
2- These indicators are very time consuming for the CPU, so do not use other indicators in this demo MT4 unless you have a powerful PC or laptop (dual or quad)
3- Exit MT4 "2 times a day" and run it again to save the last data received.
4- Randomly switch TFs of attached indicator charts to refresh all chart TF data, or don't switch to TFs you don't need.
5-I did use some code from "MultiPairTrend_v2.1" by Mr. "Alexander Arzumanov", congratulations.
6- These indicators can be used alone for entry and exit through the white curve crossing the 0 horizontal line or reaching the middle of the Activity_indic_1 median curve ( Aqua ).
7-It's not easy to use these sensors! Apologize! For my coding and MT4 low speed,
Basic knowledge:
These indicators use the price action and volume of all 28 Cpairs as a general sentiment indicator for each currency as well as any 28 Cpairs. In fact, these are professional_tracer indicators!
These indicators perform better in high volume and low spread brokers Settings: MA_Per = moving average calculated for "n" CustomCandles, Flt_Per = curvature smoothing period, CandleBack = conversion of "k" candles into one CustomCandle via periodx = k*period() and generated CustomCandle overlap, History = maximum bar used for plotting
























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