My favorite trade is to look for a THV trade inside an orderly rainbow (which is really just a graphic way of saying 'inside an orderly trend'. .(Remember I'm only looking for 10 pips, but if you find an orderly rainbow you can get more.) What do I ...

THV system, final edition

At the beginning of the day I look at all the tfs (weekly, daily, 4hr etc) to get a feel for the big picture and see if there are any patterns like H&S or triangles etc to watch out for. But to decide whether to take a trade at the minute a 6 point ...

THV system, final edition

Thanks! That one is gorgeous! I don't actually trade the rainbow, I just use it to visually see if there is chop or trend, and to see which direction is the safest to take THV trades in. (For example if I see a regular 6 point trade against the ...

THV system, final edition

Yeah, I tend to use MAs more than diagonal trendlines for analysis. I use the following MAs on my 1 m analysis chart 240 s - (gold) approximates where the coral is on the 5 m chart 750 s - (red) approximates where the coral is on the 15 m chart 950 ...

THV system, final edition

What I do is look at my analysis chart. When it looks like the first one I stay out until it looks like the second one.

THV system, final edition

Yes I do. The mtf indies call the trix itself in order to create the histogram. In order not to have the trix that is called interfere with whatever else is on the chart I call a special version of the trix with all the options turned off. However, ...

THV system, final edition

Agree. Check out the 4 hr chart

THV system, final edition

Yes, there's a bug in the mtf indies (fixed in the next version).How to deal with this now was explained in one of my previous posts.

THV system, final edition

when adding in the MTF V5 Trix I get the following: 1) The ZERO line disappears off the V4 Trix. That's right. Getting the same set of labels to display when a second instance of an indicator is added (like you have with the trix histos) requires ...

THV system, final edition

V5 shows divergence but it is set not to do it on the 1 m chart by default and also set not to draw lines by default. Just turn those options back on.

THV system, final edition

Add another instance of the trix histo indicator. Set auto tf to false. Set the second instance to 15,0 30,1 30, 0 and 60, 1 (eperiod and ePeriodTypes). Alternately use one of the templates I posted a few pages back.

THV system, final edition

There are two kinds of divergence: Regular and hidden. Regular divergence is a trend reversal signal, hidden divergence is a trend continuation signal. Lets take a long example (reverse everthing for short). When you are at the bottom of a long ...

THV system, final edition

This version of the indicator doesn't use broker times or gmt settings. I discontinued that feature because there I only have so much time to maintain code, and people didn't seem to be using it. You have to select the range it uses yourself by ...

Fib. Reverse Engineered.

A little better than 2/3 on the 1 m if you are a bit picky about taking only good trades (i.e don't trade against divergence, dont trade when the 1 m slow trix is going strongly against you, do trade when you have multiple convergence of reasons ...

THV system, final edition

No but if you PM me your email address I will send it to you. You can also get it from Dean Malone at Compassfx (he developed it and he has a lot of videos about it) but I made an improved version that shows the slant of the market baseline in ...

THV system, final edition

I mean that I don't usually draw slanting trendlines on the 1 m chart to decide whether to trade. I do look for big patterns like triangles on the larger timeframes before I trade. For example if I get a long signal on the 1m tf and I see on the 4 ...

THV system, final edition

When I tested it and as I trade it I use divergence so I can't imagine trading without it. Part of the rules say to not trade against divergence, and also I find that if you take the divergence trades, especially the ones going with the higher tf ...

THV system, final edition

Both these are legal 6 point trades because, as mentioned above, divergence counts for 4 points in itself, and both these trades have divergence. Nice work!

THV system, final edition

That was a 'legal' and quite good 6 point trade because when you have divergence it in itself counts for four points. So you only need two other lights going for you, and also when you have divergence you don't have to wait for the coral, only the ...

THV system, final edition

Hi Cashmeer, Thanks for that post. Very well put about the wishbone shape of the trix!

THV system, final edition