Instantaneous TrendLine

[shrike 10]

Hi Wallan1

 

when i try to compile on multicharts i have an error , and i cant open the function , is password protect .

 

Compiled with error(s): ------

Wrong expression

errLine 24, errColumn 14, errLineEnd 24, errColumnEnd 51

[Wallan1 10]

Please accept my sincere apology, I did not intend for the function to be password protected.

 

 

I will attach the non password protected "ELD" for both the indicator and function and

 

Below is the code for the function:

 

 

 

{ ****************************************************************************

$b_T3A.s        (Function)

   Code Provided By: 	Bob Fulks,		Last Edit: 	12/16/97

Mods By: 		 Bill Allan,  	6/5/98
..............................................................................

Description : 
	This function is an EasyLanguage version of the 
    	moving average described in the January. 1998 issue of TASC, 
    	p57, "Smoothing Techniques for More Accurate Signals", by Tim 
    	Tillson. It is translated from the MetaStock code presented 
    	in the article and recoded for efficiency. 

    	The variable, "Hot", is a damping coefficient which is set to 
    	the suggested default value of 0.7. The variable "b" is 
    	substituted for the variable, "a" used in the article since 
    	"a" is a reserved word. The variables e1 through e6 calculate 
    	the exponential moving averages in-line rather than calling 
    	other functions.

    	The resulting indicator plotting this function appears to 
    	duplicate the results shown in Figure 4 of the article.

    	The series version of this function uses previous values 
    	and, hence, cannot call variables.



*****************************************************************************}

Inputs: 		
Price	(NumericSeries), 
Periods	(NumericSimple 		{Input need not be an integer})
Constant   (NumericSimple 		{(0.70}) ;


//...................................................................

Variables:	
b		(0), 
b2		(0), 
b3		(0), 
e1		(Price), 
e2		(Price), 
e3		(Price), 
e4		(Price), 
e5		(Price), 
e6		(Price), 
c1		(0), 
c2		(0), 
c3		(0), 
c4		(0), 
f1		(0), 
f2		(0), 
Hot		(Constant);
//.......................................................................

If Periods + 1 <> 0 Then Begin

If CurrentBar <= 1 Then Begin

	b  	= Hot;
	b2 	= b * b;
	b3 	= b * b * b;
	c1	= -b3;
	c2 	= 3 * b2 + 3 * b3;
	c3 	= -6 * b2 - 3 * b - 3 * b3;
	c4 	= 1 + 3 * b + b3 + 3 * b2;
	f1 	= 2 / (Periods + 1);
	f2 	= 1 - f1;

END ELSE Begin

	e1 	= f1 * Price + f2 * e1[1];
	e2 	= f1 * e1 + f2 * e2[1];
	e3 	= f1 * e2 + f2 * e3[1];
	e4 	= f1 * e3 + f2 * e4[1];
	e5 	= f1 * e4 + f2 * e5[1];
	e6 	= f1 * e5 + f2 * e6[1];
END;

$b_T3A.s = c1 * e6 + c2 * e5 + c3 * e4 + c4 * e3;

END;

$B_T3A.S.ELD

INSTANTANEOUS TL.ELD

[aaa 10]

Hi Wallan1

 

ThanX 2 share with us your interesting way of trading

 

Your tweak is Xcellent

 

May I suggest to add this ?

 

if Cycle_Price.Choice = 1 then

Cycle_Price = ( $b_T3A.s((H+L+C+C)/4, 5, 2.3 ));

if Cycle_Price.Choice = 2 then

Cycle_Price = ( $b_T3A.s((H+L+C+C)/4, 5, 2.9 ));

if Cycle_Price.Choice = 3 then

Cycle_Price = ( $b_T3A.s((H+L+C+C)/4, 3, 2.3 ));

 

_Instantaneous Trend Line 2.txt

[shrike 10]

Hi aaa

 

where do you put this :

 

if Cycle_Price.Choice = 1 then

Cycle_Price = ( $b_T3A.s((H+L+C+C)/4, 5, 2.3 ));

if Cycle_Price.Choice = 2 then

Cycle_Price = ( $b_T3A.s((H+L+C+C)/4, 5, 2.9 ));

if Cycle_Price.Choice = 3 then

Cycle_Price = ( $b_T3A.s((H+L+C+C)/4, 3, 2.3 ));

 

in the function or in indicator ?

[shrike 10]

Hi aaa

 

sorry i've just saw your code :missy:

[aaa 10]

Hi shrike

 

Here are the indicator + function 4 MC with added =

 

Inputs:

 

Cycle_Price.Choice ( 1 ) , // 1 2 or 3

 

Vars:

Cycle_Price(0),

 

if Cycle_Price.Choice = 1 then

Cycle_Price = ( $b_T3A.s((H+L+C+C)/4, 5, 2.3 ));

if Cycle_Price.Choice = 2 then

Cycle_Price = ( $b_T3A.s((H+L+C+C)/4, 5, 2.9 ));

if Cycle_Price.Choice = 3 then

Cycle_Price = ( $b_T3A.s((H+L+C+C)/4, 3, 2.3 ));

 

------------------------------------------

 

It's easyer to swap for choosing a slow, medium or fast tweak.

 

------------------------------------------------------------

_Instantaneous Trend Line v2.pla

[Wallan1 10]

Thanks for your suggestion; for this chart combination, I believe it would make the indicator easer to use for the novice trader.

 

It looks like you are using the indicator in a sub-graph by it's self. I use it in the same sub-graph as the data-bars. For me this helps me see the momentum indicated by the cycle plot. One clue this combination produces is: in a long run up the cycle peaks will stay well above the trend plot and price as the cycle peaks get lower the momentum is slowing and a reversal is getting near.

 

For me, trading is all about choices. Restricting the price input to three choices is a non-starter for me, as it removes the ability to tune the indicator. By placing the function in the "Price Input", I can use different function inputs for different chart setups; plus I can also use different functions from time to time in the :Price Input". My intention is to make indicators more adjustable, rather than rigid and restricted to a single use.

 

Good trading to ALL !!

[aaa 10]

Hi Wallan

 

ThanX 4 your clever advice

 

The cycle looks very well on the chart

 

Good Xmas 2 all

 

aaa

 

Edited December 19, 2009 by aaa

[Tams 20]

 

 

 

.......... .......... Do I see $$$$$ in darn lines?

 

 

..........

Edited December 19, 2009 by Tams

[Tams 20]

Hi shrike

 

Here are the indicator + function 4 MC with added =

 

Inputs:

 

Cycle_Price.Choice ( 1 ) , // 1 2 or 3

 

Vars: 
Cycle_Price(0),

if Cycle_Price.Choice = 1 then
Cycle_Price	= ( $b_T3A.s((H+L+C+C)/4, 5, 2.3  ));
if Cycle_Price.Choice = 2 then
Cycle_Price	= ( $b_T3A.s((H+L+C+C)/4, 5, 2.9  ));	
if Cycle_Price.Choice = 3 then
Cycle_Price	= ( $b_T3A.s((H+L+C+C)/4, 3, 2.3  ));	

 

------------------------------------------

 

It's easyer to swap for choosing a slow, medium or fast tweak.

 

------------------------------------------------------------

 

 

be careful when using conditional filters...

always leave the last option open,

so that when you have an input other than 1,2,3, the indicator won't go astray.

 

 

e.g.

 

Inputs:

Cycle_Price.Choice ( 1 ) , // 1 2 or 3

 

Vars:

Cycle_Price(0),

 

if Cycle_Price.Choice = 1 then

Cycle_Price = ( $b_T3A.s((H+L+C+C)/4, 5, 2.3 ));

else {<-- add}

 

if Cycle_Price.Choice = 2 then

Cycle_Price = ( $b_T3A.s((H+L+C+C)/4, 5, 2.9 ));

else {<-- add}

 

{if Cycle_Price.Choice = 3 then <--- delete}

Cycle_Price = ( $b_T3A.s((H+L+C+C)/4, 3, 2.3 )); {<-- if choice is not 1 or 2, then use this method}

 

Edited December 19, 2009 by Tams

[aaa 10]

.......... .......... Do I see $$$$$ in darn lines?

 

or a snowboarder in the Alps mountains ?

 

or the Copenhagen climate summit ruined ?

 

or a graph + an indicator ?

 

Who really knows ?

[hegh 10]

hello

 

I tried to translate your indicator for Ninja Trader.

Unfortunately I had to change the code because the original code does not look like your screen.

I would like to compare my version with yours.

In the picture below, I put FESX in 5 minutes.

[Tams 20]

hello

 

I tried to translate your indicator for Ninja Trader.

Unfortunately I had to change the code because the original code does not look like your screen.

I would like to compare my version with yours.

In the picture below, I put FESX in 5 minutes.

 

 

looking good.

 

I don't have FESX, maybe someone can post their chart.

 

would you share your NT code here?

[hegh 10]

thank you for your reply Tams.

 

the code will be distributed on this site if the result is good.

If not, I fear a misinterpretation of an indicator that the algorithm is changed.

 

do you have access to a futures, emini (SP, YM, FDAX, 6E, etc...)?

 

adrien

[Tams 20]

..... here's YM 5m RTH

[hegh 10]

Here YM (Future Emin) in 5 minutes.

Can you compare the values?

 

thank you

[Tams 20]

.......... looks pretty close. ;-)

[hegh 10]

here is InstantaneousTrendLine for Ninja Trader.

 

Thanks Tams.

 

have fun.

 

adrien

InstantaneousTrendLine.zip

Edited August 6, 2010 by hegh

[r4bb1t 10]

i've noticed that there are two versions of Instantaneous TrendLine. both are came from John Ehlers.

another one can adjust alpha factor as you see below blog.

 

trading notes: The deep relationship between Instantaneous Trendline and Cyber Cycle

 

is this version self-adjusting the alpha factor depend on market cycle?