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MTF OSMA same direction alert

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MTF OSMA same direction alert in New Indicator Coding_xx
Happy weekend great people.
Please is it possible to have an alert when OSMA indicator in atleast 3 of these 4 timeframes (H4, H1, M30, M15) are in the same direction. Say when osma is ascending in 3 timeframes together, alert will pop up Osma 3up and if 3 timeframes descending together, alert will show Osman 3down. Alert only occurs on candle close.
This works a lot. Alert will help early entry as most of the loses occur as a result of late entry.

Thanks a lot.
Happy trading.

Linkback: https://www.forex.zone/new-indicator-coding/25/mtf-osma-same-direction-alert/145/
#1 - August 04, 2018, 11:25:12 AM

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MTF OSMA same direction alert in New Indicator Coding_xx
Osma ascending or descending together is IRRESPECTIVE of crossing the zero line in each timeframe. 
Thanks a lot and remain blessed.
#2 - August 04, 2018, 11:47:31 AM

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MTF OSMA same direction alert in New Indicator Coding_xx
I can make this OSMA alert indicator for you soon. I'll wait until after the market opens back up so it can be tested live.
#3 - August 04, 2018, 10:01:44 PM

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MTF OSMA same direction alert in New Indicator Coding_xx
I can make this OSMA alert indicator for you soon. I'll wait until after the market opens back up so it can be tested live.
Thanks my dear looking forward to it.
#4 - August 05, 2018, 04:29:09 PM

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MTF OSMA same direction alert in New Indicator Coding_xx
There is one question that came to mind. Should the indicator alert whenever the 3 TF's are ascending/descending together no matter what? In other words, let's say the OSMA is ascending on all 3 TF's for many candles in a row, should an alert occur each candle this happens? Or should it limit alerts somehow? For example, it could alternate alerts like if there was an ascending alert, the next alert can only be a descending alert. And vice versa.
#5 - August 06, 2018, 02:24:26 PM

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MTF OSMA same direction alert in New Indicator Coding_xx
The alert should occur at the candle close of the third timeframe. Once a third timeframe joins in that direction @candle close, alert should occur. Then no more alert until the criteria is met again be it in the opposite or in the same direction(after going off-criteria.....say one of the 3 TFs went opposite direction and later aligns with the other 2.) But an important factor is that only candle close is considered to avoid apparent repainting inherent in MTF indicators so as to avoid constant ringing of alert.
Thanks a lot.
#6 - August 06, 2018, 06:42:42 PM

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Attached is the OSMA MTF Alert Indicator.
#7 - August 07, 2018, 12:39:40 AM
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MTF OSMA same direction alert in New Indicator Coding_xx
Attached is the OSMA MTF Alert Indicator.
Thanks a lot. Gonna test it now. 
May I suggest you consider making an EA of this. With necessary settings it might work wonders. Already put a topic on that. 
Remain blessed.

#8 - August 07, 2018, 07:06:43 AM

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MTF OSMA same direction alert in New Indicator Coding_xx
Just loaded the indicator now. It's great but what I intended was having 4 timeframes but alert comes on when ANY 3 are in the same direction. The idea is this: 4 Timeframes (H4, H1, M30 & M15) are on the chart voting on where they think price momentum lies. So whenever the majority (any 3 of the 4) vote in one direction, that direction wins & alert rings.
Thanks for the great job.
#9 - August 07, 2018, 09:38:58 AM

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Understood, but I think it makes little difference. If other's ask for it, I can change the indicator though. The current version has some variations compared to your original instructions. For example, you didn't say what type of alerts you wanted, but I included 3 types of optional alerts. And you stated the 4 time frames you wanted to use, but I made the 3 time frames adjustable instead. Maybe someone later would want to use the M1, M5, or D1 time frames. They can do this now as it is. So I think the current version is more useful for everyone.
#10 - August 07, 2018, 12:28:39 PM

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MTF OSMA same direction alert in New Indicator Coding_xx
Yea thanks for that. Great work.
But if you want you can upgrade it to have more timeframes for selection and another option for the minimal number to be in same direction to trigger alert. 
The stochastic alert I'm using has 6 selectable timeframes and an option for the minimal number to trigger alert. The problem with it is that it didn't capture my oversold/overbought region rules. But osma has no overbought/oversold issues. So I'm looking mainly at osma.
So if you're chanced and you wish, you can upgrade this one. But even as it is, u did a great job. Well done

Happy trading.
#11 - August 08, 2018, 06:32:23 AM

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MTF OSMA same direction alert in New Indicator Coding_clip
Understood, but I think it makes little difference. If other's ask for it, I can change the indicator though. The current version has some variations compared to your original instructions. For example, you didn't say what type of alerts you wanted, but I included 3 types of optional alerts. And you stated the 4 time frames you wanted to use, but I made the 3 time frames adjustable instead. Maybe someone later would want to use the M1, M5, or D1 time frames. They can do this now as it is. So I think the current version is more useful for everyone.
Hello.

Now that`s a good idea of Donnuel.

As all MA indicators are pretty late on the starting line because of their nature, how about the same concept with MTF RSI?

Great coding, not to show the indicator(s) or arrows on the chart. Keeps it clean and open for other supporting indicators.

In the picture (to illustrate) you see a M5 Chart with a RSI 5, close, for M15, M30 and H1.
The idea is to get alerts (3 types) only when all 3 are (in this case) above level 50. Free after the RSI MTF Level 50 strategy to be sure to have strong momentum.

Blue vertical lines illustrate every alert after M15 close. As you can see in the calm, ranging area, you get less alerts than in trending area, but more important is, you won`t get a alert into the wrong direction as all 3 RSI lines have to be above 50 and pointing north.

This concept brings "confluence" (floating together in one direction) alive. Early as possible back into trend-direction.

Trading in a higher timeframe and getting those alerts from 3 lower timeframes would even be better. Don`t know if this can be coded.

And if you`ve got a RSI indicator on the chart, you can even see, when the trend-party will be over by looking at level 85 for overbought and divergences. A way not to go blindly into another and another trade after an alert.

Please tell me what you think. Is this worth to invest time and effort ? Could get a hot topic in the "Trading Systems" sect. Donation will be sure, first member invitation is out, more to come. QUID PRO QUO

Regards
#12 - October 26, 2018, 12:36:22 AM
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« Last Edit: October 26, 2018, 05:42:16 AM by Drax »

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MTF OSMA same direction alert in New Indicator Coding_xx
As all MA indicators are pretty late on the starting line because of their nature, how about the same concept with MTF RSI?

Feel free to post a new topic in the forum about this.


Please tell me what you think. Is this worth to invest time and effort ?

Maybe for some people it would be. Personally, I do not use many indicators and see little value in most of them.


#13 - October 26, 2018, 02:38:24 PM

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MTF OSMA same direction alert in New Indicator Coding_xx
its  possiibe  to  create  system  like  genesis s?
#14 - October 26, 2018, 08:28:44 PM

  • MTF OSMA same direction alert in New Indicator Coding_index
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MTF OSMA same direction alert in New Indicator Coding_xx
its  possiibe  to  create  system  like  genesis s?
You can post a new topic about the 'Genesis s' you are referring to. If you want something coded, it's best to be specific since not everybody is familiar with your 'Genesis s'.
#15 - October 26, 2018, 09:24:54 PM

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