Composite Indicator

by **Apprentice** » Sun Aug 08, 2010 9:37 am

This indicator is calculated based on 23 indicators.

Individual indicator gives an indication of +1 or -1.
Indicator is the sum of individual indications.

His range is from -23 to +23.

zzzcomposite.lua: (16.05 KiB) Downloaded 2011 times

I made a few modifications.

I have Add ROC indicator. Request.

Now you have the choice which indicator will be in the composite indicator.
So you can specify the maximum number of indicators .

For those who do not want to know know the value of an indicator, but only its indication,
You can use only one indicator.

The indicator will now work even when you do not have installed all the indicators.
See the Selector parameter group to see the indicators that you are missing.

ADX
IF ADX > Level AND Composite > 0 +
IF ADX > Level AND Composite < 0 -

DMI 2
DIP > DMI Level +
DIM > DMI Level -

by **gregg1** » Thu Oct 07, 2010 6:27 am

I've tested the newly updated Composite Indicator with ROC and have reviewed an number of parameters to maximize results.

In the past two days, I've had good execution withthe following parameters.

(quick note: Update Marketscope with the latest patch)

EURUSD

10-6-2010: 6:35 am; 26.4 PIPs
10-7-2010: 2:35 am: 31.2 PIPS

The revised parameters are:
5M Chart
Composite Signal Level: 20
ROC Signal Level: .14
All Composite Parameters (ones that have default settings at 10) have been reset to: 7 periods
Time Frame: Five Minutes

I have manually executed the trades. I'm testing the 'auto trade' function now and will report as it progresses.

by **gregg1** » Fri Oct 08, 2010 6:18 am

Update to the Composite Strategy using ZZZcomposite Indicator

Tweak to the settings:
5M Chart
Composite Signal Level: changed to: 16
ROC: .14 [no change]
Periods: 7 [no change]
TimeFrame: Five Minutes [no change]
Limit: 30 pips
Stop: 30 pips
Updated results: Events Alerts worked as designed in manual mode [not yet successfully tested auto trade yet]

10/8/2010: Sell EURUSD @ 1.39133 4:15am
10/8/2010: Buy EURUSD @ 1.38794 6:05 am

by **Nikolay.Gekht** » Mon Oct 11, 2010 11:18 pm

1) The first thing to check is whether ALL the indicators required (listed in the first topic) are installed.
2) When (Error) appears in the indicator label - please go to the Chart->Indicators Log and tell us at least the line number where error appears.

by **bonnevie** » Wed Nov 10, 2010 1:25 pm

Hi Apprentice,

Thanks for the response. Does "Update" mean a new version of the indicator has replaced the one at the beginning of the thread? Or is the update located elsewhere?

Or should the default parameters be adjusted in any way?

I downloaded the indicator from the beginning of the thread today (assuming it was a corrected version) and I'm still getting pretty much the same error message when I try to attach it to my charts - except now the number after '[string “zzzcompsite.lua”]' is 388 instead of 365 like the last time:

"An error occurred during the calculation of the indicator ‘ZZZ COMPOSITE’. The error details: [string “zzzcompsite.lua”]: 388: [string “Slope_Direction_Line.lua”]: 48: [string “mva.lua”]: 41: The first parameter must be a price stream."

Your help would be appreciated.

Thanks,
bonnevie

by **Apprentice** » Wed Nov 10, 2010 3:24 pm

Sorry for the inconvenience.

I am to blame.
Yesterday I update Slope_Direction_Line, but I forgot to do this here.

Error corrected.

by **fabfxcm** » Fri Feb 25, 2011 2:37 am

Dear Apprentice,
I installed all the indicators requested but each time I try to open the zzzcomposite indicator this text appear: [string "zzzcomposite.lua"]:506: attempt to index field 'UP' (a nil value).
How can I solve the problem??

by **Apprentice** » Fri Feb 25, 2011 6:07 am

Use Top Most Version of SuperTrend Indicator.
(Not Single Stream Version)

by **nookie** » Sat May 09, 2015 2:23 am

Hi Apprentice, is it possible to include alert and real values to be reached for example below:

I am sure it has mistakes but this is the idea

6. DMI(10) Di+ > 10 = +1 Di+ < 10 = -1
Di- > 10 = +1 Di- < 10 = -1
if ON[5] then
DMI:update(mode);
if DMI.DIP:hasData(period) and DMI.DIM:hasData(period) then
if DMI.DIP[period] > 10 then
Plus(5);
if DMI.DIM[period] > 10 then
Plus(5);
elseif Minus(5);
end

and similar and awsome if we add ADX to this indicator.. tried to add it but got the following error:

The error details: TESTzzzcomposite.lua:515: attempt to index field 'UP' (a nil value).

by **Apprentice** » Mon May 11, 2015 4:24 am

Additional ADX and DMI filters added.

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