AFL => MA Ribbon

[aaa 10]

// Name : MA Ribbon

// Date : 20100112

// Release : 1.0

// Language : AFL

 

// Author : TAMS

// http://www.traderslaboratory.com/forums/f46/ma-ribbon-6992.html

// Adapted from Easy Language : aaa

// Color : Head2K

 

// Public license , Terms of use:

// You are required to include this header if you incorporate

// all or parts of the concepts or codes of this indicator.

 

// Differences with TradeStation or Multicharts

// 1) The lenght is adjustable with a slider in a floating window in Real Time

// 2) The loocback is projected in the future

 

MA Ribbon.afl.txt

[aaa 10]

How to

 

Please delete the .txt extension and put the indicator in your preferate Formulas subdirectory

 

****************************************************************

 

Dear James

 

Should it B possible 2 add *.afl FileType in the attachment key ?

 

Best regards

[Tams 20]

this is real cool.

 

 

to get the extension in EasyLanguage,

you can look at this code:

 

Moving Average with extension

and choice of exponential or simple average

 

http://www.traderslaboratory.com/forums/f46/moving-average-extension-5642.html

 

 

 

110.70

[aaa 10]

Hi Tams

 

I use your smart indicator on all of my averages and I adore it

 

It's cool to see quickly a reverse

 

But it is based only on the 2 last bars

 

It draws a line between 2 points like a finger Showing a direction

 

with Amibroker it shows the entire last 17 bars (ex on my graph) projected in the future

 

This is a huge difference

 

Moving the slider shows in RT that it is all of the average which slides in the future

 

In my example It could B interesting 2 test different lenght and draw an horizontal line at an eventual resistance in the future 2 C what gonna happen ?

 

Regards

Edited January 16, 2010 by aaa

[Tams 20]

Yes, the AFL code is definitely smarter... My EL is only an extension, not a projection.

[aaa 10]

*

In my example It could B interesting 2 test different lenght and draw an horizontal line at an eventual resistance in the future 2 C what gonna happen ?

*

 

It could have been a nice short entry ( bubble blue = trend down ) the day after on monday at the open a little bit over the 32.38 resistance

 

[Head2k 10]

Just coincidence. What's important is the stair-step based S/R, your white horizontal line. You could have put the whole indicator away and leave just the white line... and see "what happens".

 

I suggest you to read this post from DbPhoenix's blog:

On Virgins and The Tooth Fairy - Traders Laboratory - Professional Traders Community

[aaa 10]

Hi Head2K

 

On Virgins and The Tooth Fairy is an interesting enigmatic philososophical view

 

"The money under the pillow is not evidence of the existence of the tooth fairy,

and spring will arrive regardless of whether the virgin is tossed into the volcano or not."

 

B sure that On this site I take good care of all views from pro traders like DbPhoenix or you

 

***************************************************************

 

As a beginner, learning the basics, step by step, as a 2 yo baby,

 

I observe, think and try 2 find as much as possible "reasonnable" good reasons 2 enter a trade

 

************************************************************************

 

- The white line is a potential pull back to a broken support

 

- It's also the 4th wave and we expect the 5th one ending down

 

- It's 50 % of Fibo retracement

 

- The trend was down

 

- etc

 

- etc

 

- and of course much more reasons that we don't know (yet)

 

All of them are not coincidences because we saw their patterns with, let say 75 % of success

 

Why Tams' MA Ribbon on my example, if we see this "coincidence" with 75 % of success, could not B an other good reason to enter a trade?

 

**********************************************************************************

 

So with x good reasons with 75 % of succes, we could decide 2 enter short over 32.38 on monday morning

 

Where should have gone the price during the day ?

 

a) Go down and making the 76 th % good reason of success ?

 

B) May B a good news should have explosed all these good reasons making a crazy long rally sliding down the 75% of good reasons to 49 % ?

 

*********************************

 

Best regards

 

aaa

 

PS What's important is the stair-step based ... specially after a drink party if the light switch off ... Hips ! :cheers:

Edited January 23, 2010 by aaa

[Head2k 10]

B sure that On this site I take good care of all views from pro traders like DbPhoenix or you

I've never said that I am a pro trader. DbPhoenix is a pro trader, I am just a beginner like you.

 

As for the rest of your post, well, it's your journey. My point, and the point of On Virgins and The Tooth Fairy, was just to warn you from looking for reasons where none exist. Price certainly had a reason to turn at that price level. But did this reason have anything to do with 40 periods EMA displaced for 17 periods on a 5 minute chart? I mean, can you even imagine why would it? I can't.

[robertm 10]

Just coincidence. What's important is the stair-step based S/R, your white horizontal line. You could have put the whole indicator away and leave just the white line... and see "what happens".

 

I'll second that :-)

 

There is also another "Ribbon" code to give you a simple on/off that runs along the bottom of Ami or Metastock to tell you if price is above/below your trend setup condition (MA). Gives you a very clean chart to work with and lets you focus on the s/r levels without any MA's getting in the way.

 

I have to say I found visual indicators very helpful with those light bulb moments in the early days of system exploration though :-)

Edited January 24, 2010 by robertm
stuffed up the quoting

[aaa 10]

It was only an empiric observation 2, eventually, open a new constructive field of reflexion.

[9146894me 10]

I put The MA Ribbon into the Omega Research Power Editior and it wont verify. Two errors please see the attached file. Any help thanks.

[Tams 20]

I put The MA Ribbon into the Omega Research Power Editior and it wont verify. Two errors please see the attached file. Any help thanks.

 

word not recognized

 

that means the indicator is using a new keyword that is not yet available in your version of TradeStation.