TMMS oscillator (Trading Made More Simpler)

The TMMS oscillator (aka “Trading Made More Simpler”) is an indicator made of conditions based on both 2 separated Stochastic and 1 RSI.

Bullish zone is green and bearish one is red. When the histogram is grey, no signals is available at that time.

The indicator has an option to show the current trend of an Hull moving average (ascending or descending curve). When the trend is up, green dots are plotted on the zero line. When the trend is down, the dots are coloured in orange.

Indicator converted from an MT4 version by a request in the indicators forum.

//PRC_smTMMS-Oscillator_v3.0 | indicator
//13.09.2019
//Nicolas @ www.prorealcode.com
//Sharing ProRealTime knowledge
//translated from mt4 version

// --- settings
RSIPeriod=14
Stochastic1PeriodK  = 8
Stochastic1PeriodD  = 3
Stochastic2PeriodK  = 14
Stochastic2PeriodD  = 3
DrawHullTrend = 1 //(1=true ; 0=false)
HullPeriod     =12
HullDivisor    =2
// --- end of settings

once threshold=50
once ilimit=0

bufRSI=rsi[RSIPeriod]
bufStoch1=stochastic[Stochastic1PeriodK,Stochastic1PeriodD]
bufStoch2=stochastic[Stochastic2PeriodK,Stochastic2PeriodD]
bufRSI=bufRSI-threshold
bufStoch1=bufStoch1-threshold
bufStoch2=bufStoch2-threshold

bufHistUP=0
bufHistDN=0
bufHistNO=0
if(bufRSI>ilimit and bufStoch1>ilimit and bufStoch2>ilimit) then
 bufHistUP=bufStoch2
else
 if(bufRSI<ilimit and bufStoch1<ilimit and bufStoch2<ilimit) then
  bufHistDN=bufStoch2
 else
  bufHistNO=bufStoch2
 endif
endif

if (DrawHullTrend) then
 inner = 2*weightedaverage[ round( HullPeriod/HullDivisor ) ](close)-weightedaverage[HullPeriod](close)
 MMHULL=weightedaverage[ round( sqrt(HullPeriod) ) ]( inner )
 r=255
 g=155
 if MMHULL>MMHULL[1] then
  r=0
  g=255
 endif
 drawtext("●",barindex,0,dialog,bold,16) coloured(r,g,0)
endif

return bufHistUP coloured(0,128,0) style(histogram) as "Up", bufHistDN coloured(255,0,0) style(histogram) as "Dn", bufHistNO coloured(169,169,169) style(histogram) as "No",0 coloured(168,168,168) style(point,1) as "level0", 20  coloured(168,168,168) style(dottedline,1) as "level20", -20  coloured(168,168,168) style(dottedline,1) as "level-20"

//PRC_smTMMS-Oscillator_v3.0 | indicator

//13.09.2019

//Nicolas @ www.prorealcode.com

//Sharing ProRealTime knowledge

//translated from mt4 version

// --- settings

RSIPeriod=14

Stochastic1PeriodK = 8

Stochastic1PeriodD = 3

Stochastic2PeriodK = 14

Stochastic2PeriodD = 3

DrawHullTrend = 1 //(1=true ; 0=false)

HullPeriod =12

HullDivisor =2

// --- end of settings

once threshold=50

once ilimit=0

bufRSI=rsi[RSIPeriod]

bufStoch1=stochastic[Stochastic1PeriodK,Stochastic1PeriodD]

bufStoch2=stochastic[Stochastic2PeriodK,Stochastic2PeriodD]

bufRSI=bufRSI-threshold

bufStoch1=bufStoch1-threshold

bufStoch2=bufStoch2-threshold

bufHistUP=0

bufHistDN=0

bufHistNO=0

if(bufRSI>ilimit and bufStoch1>ilimit and bufStoch2>ilimit) then

bufHistUP=bufStoch2

else

if(bufRSI<ilimit and bufStoch1<ilimit and bufStoch2<ilimit) then

bufHistDN=bufStoch2

else

bufHistNO=bufStoch2

endif

if (DrawHullTrend) then

inner = 2*weightedaverage[ round( HullPeriod/HullDivisor ) ](close)-weightedaverage[HullPeriod](close)

MMHULL=weightedaverage[ round( sqrt(HullPeriod) ) ]( inner )

r=255

g=155

if MMHULL>MMHULL[1] then

r=0

g=255

endif

drawtext("●",barindex,0,dialog,bold,16) coloured(r,g,0)

endif

return bufHistUP coloured(0,128,0) style(histogram) as "Up", bufHistDN coloured(255,0,0) style(histogram) as "Dn", bufHistNO coloured(169,169,169) style(histogram) as "No",0 coloured(168,168,168) style(point,1) as "level0", 20 coloured(168,168,168) style(dottedline,1) as "level20", -20 coloured(168,168,168) style(dottedline,1) as "level-20"

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

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Teddy Coronak • 09/13/2019 #
Merci Nicolas pour ce travail !!!
Toujours aussi simple et efficace.

rigel • 09/13/2019 #
Thanks a lot Nicholas, also liked very much the description of it use

f1_maik • 09/13/2019 #
Thank you so much.
Is it possible to rewrite the Indicator to a program? What would this look like?
- Nicolas • 09/13/2019 #
  Do you mean an automated trading system?
- f1_maik • 09/13/2019 #
  Yes. I would be fine and brings help with a backtest.
- Nicolas • 09/13/2019 #
  Please open a topic in the automatic trading forum for that and bring sufficient explanation on how it should behaves (entries, exit, ..). Thanks in advance.
- f1_maik • 09/13/2019 #
  Yes, I’d like to.
  But I don’t know when I want to choose to leave or join. When the histogram turns green? When an orange dot appears?
  That’s why I ask for a system. Only the indicator is of little use to me.

Maxime Baudin • 09/13/2019 #
Thank you Nicolas!

Balmora74 • 09/13/2019 #
Thanks a lot Nicolas. Fantastic indicator !!!!! Wawaouhh !!!

Marcelo Tevrizian • 09/13/2019 #
Anyone has rewritten this to Ninja? I am working on it but it will take some time. Thanks.

Cedlam • 09/13/2019 #
Qu’est ce que j’aimerais savoir faire ça !!!!!
Merci beaucoup Nicolas.

sally31120 • 09/13/2019 #
Bonjour Nicolas,
C’est indicateur semble très intéressant mais je n’ai pas les compétences pour l’exploiter.
Serait-il possible de connaitre le code pour en faire des screeners
1) Passage du point orange en point vert
2) Point vert avec passage histogramme gris > 0
3) Point vert avec passage histogramme vert > 0
Merci d’avance
- Nicolas • 09/13/2019 #
  Merci de formuler une demande dans le forum des screeners.

overspin • 09/13/2019 #
Bonjour Nicolas, avez vous déjà essayé de mettre une alerte PRT au passage du zéro avec cet indicateur, en ce qui me concerne cela n’est pas possible, même en créant une ligne (zéro) et programmant le UP ou DOWN a = zéro ? merci d’avance pour votre réponse

scarphace38 • 09/13/2019 #
Bonjour,
Merci Nicolas pour tout ce travail. Je n’arrive pas a avoir le même graphique que toi.
Voici ce que j’ai :

Que faut il faire et modifier ?
Encore Merci

rosario • 09/13/2019 #
salut Nicolas, je voudrais vous demander pourquoi sur mon pro en temps réel cet oscillateur très intéressant n'apparaît pas?
merci
- Nicolas • 09/13/2019 #
  je ne sais pas, il fonctionne correctement pour moi. Il ne faut pas l’appliquer sur le prix, mais utiliser le bouton des indicateurs.

rosario • 09/13/2019 #
Merci pour la réponse, je l’utilise comme indicateur, mais les colonnes lorsque le prix est positif (les vertes au dessus de zéro) ne sortent pas. En dessous de zéro, les barres négatives sortent à la fois des rouges et des grises.
cordialité
- Nicolas • 09/13/2019 #
  C’est curieux, merci d’ouvrir un sujet sur le forum et de produire des copies d’écran.

Morris59 • 09/13/2019 #
Hallo Nicholas,
tks very much for your work, I’m a rookie in the world of indicators and oscillators,
I’m happy to use this and i’m shure worked well togheter experience and other tool,
please if I want increase “aggressive” (10%) in this tool whick parameters I must change,
tks and I’m sorry for my bad english
Maurizio (Mi-Italy)

JohnScher I've been looking for this for a long time! A very big thank you to you.

Nupsator hi, looks very interesting, i imported the indicator and inserted it into a 1h chart. Unfort...

Ciccarelli Franco Lo trovo interessante, ma non riesco a scaricarlo. Chi mi può aiutare?

Bard Excellent job Vonasi, thanks very much for updating and improving your previous indicator.

Gianluca sorry but doesnt work like you posted

Vonasi You would need to let me know the exact instrument and time frame that you are trying to app...

ipbvba idem ne fonctionne pas sur V11 (meme avec real time data), import OK mais aucune courbe dans...

Ciccarelli Franco I'm new to the Market, I imported the code, but I don't see anything, there is an empty box ...

tradermikey Is the available for v12?

Nicolas remplacer les valeurs de coloured(0,255,0) par coloured(r,g,b) et ajouter ces noms de variab...

mohamed merci Nicolas!

sacram14 Merci Nicolas pour ce set-up que je ne connaissais pas ! J'ai tenté de reprendre le code pou...

Nicolas Pour créer des alertes, vous pouvez suivre ce petit tutoriel : https://www.prorealtime.com/f...

thibault76 Bonjour Nicolas, cette stratégie est intéressante. Par contre, en 2022, le code ne fonction...

Nicolas Aucun message d'erreur pour ma part en version 11.1. Tu es certain de créer un code d'indica...

1Randy I would be interested an invite to your blog. I am still learning about the VSA and it looks...

repropel Buenos días TACBOLSA. Yo también estoy interesado en visitar tu blog. Podrías enviarme una i...

mobychix Hi, I just joined Pro Realtime and am very interested in VSA. I have read some books and did...

Stockastiss Can this code be simply transferred into Backtestingcode so one doesnt need to use call ? (i...

Vonasi Sorry for the late reply. Add the code to your strategy and remove line 5 and line 39. Chang...

viktorthunss Hi! How many averages are there? Can I see the somewhere?

carpentier Joffrey Bonjour à tous, Avant tout merci pour ce travail, cependant je suis bloqué quand je l'insta...

carpentier Joffrey Re, C'est ok, j'ai trouvé mon erreur... Cependant sur quel base peut on calculer son CALC...

Aragorna Hi Nicolas, How is it possible to use it in a higher timeframe plotted on a lower timeframe?...

Zigo Normaly it do work in version 11.

bertrandpinoy Hello to all, please does a coder can bring the indication of the price level on the chart o...

Zigo @bertrandpinoy add between line 50 and 51 : drawtext("#dnh#",barindex,low-2.618*AverageTrue...

leofi https://www.prorealcode.com/topic/simple-average-with-visual-color/

leofi Go visit www.prorealcode.com/topic/simple-average-with-visual-color/ and watch 2em post

Dritan Hi,I am new on Prorealtime and coding.I downloaded the indi but I have it on a separate wind...

stephane2.0 c=exponentialaverage[9](MACDLine[12,26,9](close))

Forexcheckup Hi I down loaded the ITF file, it paints red for a down trend but for all up trends the can...

stephane2.0 line 22: r = 195 by r = 0 line 23: g = 195 by g = 0 line 24: b = 195 by b = 255 ;)

Suzu Yuk Regarding line68, //-- with indicator "properties", add coloured fill between euroOFF and...

manual_ice As far as I know, it is not possible to include "fill" inside an indicator. But, since ve...

fireleg79 Bonsoir Nicolas. Merci pour tout ton travail. Quand tu auras le temps pourras-tu jeter un oe...

Sejibi Bonsoir, En remplaçant percentJ = 3 * percentD - 2 * percentK par percentJ = 3 * perc...

JMARTY Bonjour, A la recherche d'un indicateur détectant les divergences sur DMI, je tombe sur ce...

Alps007 Hi Nicolas. Happy New Year. Can you please program me several MACD divergence screeners ...

Arlei Zanin Hello Nicolas, would it be possible to convert the Cloud to Pascal language? Thank you.

ashee i want it in MT4

robertogozzi Like my screener https://www.prorealcode.com/prorealtime-market-screeners/abcd-pattern-scree...

aldtrading Thanks for your work. I'm using V11 and nothing is drawn on the chart, I believe this is ...

robertogozzi It works on v10.3, v11 and v12. You are likely to have added it BELOW your chart (like RSI),...

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