Description
This indicator uses a weighted sum of: single EMA, double EMA, triple EMA etc. For this reason, unlike the regular MA, T3MA is a very smooth line. This indicator uses the following formula:
T3MA = c1*e6 + c2*e5 + c3*e4 + c4*e3
Where:
e1 = EMA (CLOSE, Period)
e2 = EMA (e1, Period)
e3 = EMA (e2, Period)
e4 = EMA (e3, Period)
e5 = EMA (e4, Period)
e6 = EMA (e5, Period)
c1 = - b3
c2 = 3*b2 + 3*b3
c3 = - 6*b2 - 3*b - 3*b3
c4 = 1 + 3*b + b3 + 3*b2
(EMA = Exponential Moving Average, b = volume factor (default = 0.7))
/
akleanthous
Joined on 11.07.2012
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: T3MA.algo
- Rating: 5
- Installs: 4824
Comments
Hi,
I am very impressed by you work. Have a job for you ! I need one indicator and one robot.
Indicator only has to sound "ALARMS", loud one offcourse, when the particular "symbol" Pips, go above or below a certain defined Pips level !
for example, we are running the robot.
1) For Gold, it will sound alarm, when ever a change of 250 pips is recorded in the Buy or Sell poistion.
2) For Silver, It will sound the alarm for every +5 pips is recorded in either Buy or Sell poistion.
3) For Currency also for every +5 pips recorded in the either the Buy or Sell Poistion.
(there are few more things to it, can discuss in detail)
For the ROBOT
1) need the Robot to check all the open positions in my Position TABs of cTRADER.
a) For Gold, if the Buy or sell position has gained +250 pips, then move the stop loss to +50 pips, if it crosses the +400 pips, then move the stop loss to +200pips, and so on. I have a table which i can give, and it should move like this.
b) For silver & currency, it move the stop loss 2pips for the "first" 5 pips gain. and then for second +10 pips, move it to +4pips. Have a table for this also.
(few checks and ifs are required, rest is ok).
Need one more robot, other than the above but can discuss it later on.
Please let me know your professional fee and estimated time to code the above two. (we call it ver 1.0)
Thank you & regards
Gold n Oil
I have T3 indicator modified for MT4, so that it will show Red/Greed/Grey line according to preset threshold angle values. I made this indicator to help test and program automated systems.
I'm moving from MT4 to cTrader and Ninja and I'd like to take some of my best indicators with me.
I'm considering starting a freelancer.com project to do this. If there is someone interested to join my project, please contact me