Hi ArtfulDodger, Glad you decided to stay!I think it's very important to have new perspectives in the thread - that's what keeps it alive. Regarding the rainbow , it is only about THV indirectly, since THV is a trend trading methodology and the ...

THV system, final edition

Thanks for the kind words Joe. As another one of us old (er, I mean life-experienced) folks, I always value your opinion. I didn't really want to start another thread, but I dont want my posts to confuse the newbies trying to learn THV either. I ...

THV system, final edition

I'm not offended and I hope you don't leave the thread.On the contrary, after reading your posts, I have a great deal of respect for your opinion because I see that you are serious and working hard at learning how to trade and trying to be helpful. ...

THV system, final edition

Umm, ok, but really I think it's time I stopped posting rainbow stuff in this thread. This is really the last one. You use this one same as the previous. Trades where you see the spine and the 5m and 1m trix in favor are usually good even if they ...

THV system, final edition

I multiplied them by 5 down to 100 and then from 100 I used the regular 1m rainbow. I.e the 100 became 500, 98 became 490 etc down to 100, after which I continued 98, 96 etc.

THV system, final edition

Thanks the kind words on my behalf, but I think that on the contrary, ArtfulDodger has only 39 posts precisely because he is a newbie. However, if you read his posts, you can see that he is serious, working hard and trying to be helpful. If it's ...

THV system, final edition

Yes I am. But I think Artful Dodger is right - I should stop confusing the newbies. So I'm going to answer this last question and then I will let you know if I decide to get my own thread. I added part of the 5m rainbow to the 1m chart on one of my ...

THV system, final edition

Hmmm, poluting the ah, purity, of the thread. My apologies. I'll think about starting my own thread, and meanwhile I'll stop.

THV system, final edition

The VARMA is a complicated piece of code that calls a lot of functions and uses 8 buffers. In addition on the latest rainbow template I call it using I custom from MAinColor in order to get the color to change based on the direction so that's more ...

THV system, final edition

Today is a good example of how using the rainbow as an addtional trend filter helps screen out bad trades on a 1 min chart. All the black lines are trades where price closed above the coral and there was a trix cross up, but the trade did not give ...

THV system, final edition

I trade EURUSD. Should work on any pair but you'd have to adjust the stops and targets.

THV system, final edition

Here is an example of how using the rainbow together with THV is a nice filter for when NOT to trade. If we wait for all the conditions (full rainbow visible, both trixes and their histos matching the trade) we miss out on all this chop. image

THV system, final edition

Entry was too early. We are not just looking for a 1m trix cross when 5m has also crossed. We are looking for one of those with a nicely developed spine. Not that I'm saying these trades can never fail, but it's harder for price to go back against ...

THV system, final edition

Not necessarily. You make money if you enter at the right time, which doesn't necessarily correlate to spending time on trading unless you count waiting while not trading as trading (which I do). So it's possible to post during the 'wrong' time, ...

THV system, final edition

I second that.

THV system, final edition

Umm actually now that you mention it I am working on something like that. However, 1) It doesn't have all the functions of the SA, just most of them. 2) I am not even CLOSE to being the kind of programmer they have over in the other thread. So it's ...

THV system, final edition

Yes. It's in the attachments (several times) somewhere as the THV T3 M5, M15, M30 etc.

THV system, final edition

No. It's not possible because MT4 limits you to 8 buffers and you need 3 each per tf for this indie (one red, one green, one yellow). If you can live without the yellow then you can use the Swiss Army indicator to get four timeframes for the cloud.

THV system, final edition

I modified it for you. (Cobra has eye problems ). bEdit: It repaints several closed bars back by the way.

THV system, final edition

True, but deserved respect trumps polite in my book. Personally I think we all owe Cobra a great deal of that for what he has managed to do in this forum. By that I mean not only for developing the system but also for inspiring the kind of friendly ...

THV system, final edition