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

How to import ITF files into ProRealTime platform?

Find other exclusive trading pro-tools on

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials


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)

Leo Hi all, I posted a new version of this indicator ( I just add arrows to spot the local maxi...

Trading_En_El_Ibex35 Muchas Gracias por compartir este interesante indicador. Un saludo

xavieralava hola gracias leo

julien1978 changing the trendDetectionLength setting does not seem to have any effect on the wave calcu...

arran i can't seem to get this indicator to work on forex pairs. it works great on indices etc. An...

Nicolas Indicator needs Volume, and there are no volumes with forex pairs with IG.

Nicolas https://www.prorealcode.com/topic/ayuda-screener-indicador-perfect-trend-line/#post-51291

Manu L. Bonjour Nicolas, suite a une de mes precedentes demande dans le forum indicateur, j'ai touv...

AntoGH C'est selon moi le meilleur indicateur, que j'ai vu, si vous trouvez mieux dîtes moi car dif...

Anonymous Found: just remove "T coloured(r,g,b) as "Top", Bo coloured(r,g,b) as "Bottom"... after return

darbes Hi I tried to use indicator in a strategy code. But backtesting is asking to define Signalb...

getset Hello, I like this indicator, it's small and very nice to use. So i changed the code a littl...

Lydia1948 Hi I really like this indicator - is it easy to change the colour of the blue dots to say g...

Nicolas Lines 23 and 24 are the Red and Blue value between 0 to 255, you can change the color of the...

Lydia1948 Thanks

bolsatrilera Hi Nicolas, I have this version of the True Balance Power ,created by eykpunter on Tradingvi...

bolsatrilera and the code : REM TRUE BALANCE OF POWER // código original de eykpunter para la plataform...

Al Ok grazie Gabri

Paul thnx for posting. Combine it with Williams’ 3 bar trailing stop to create strategy!

gabri Paul, he uses the best day of the week to trade (he figured out the best day to enter, exit...

rafadonl2 is not taken into account in the procedure. It considers only if it is a doji or when candle...

Guibourse Okay thanks, just a question : how do you plot your two lines in the same window as price ? ...

rafadonl2 sorry, I don't understand your question. Indicator draws Heikin Ashi candle, not price cand...

swapping Bonjour Nicolas, comment doit-on modifier le code (ou ajouter la variable "style") pour que ...

Nicolas Il faut changer la dernière ligne du code par : return ibuf108 style(line,2) as "Vostro", ...

swapping Merci beaucoup Nicolas, c'est mieux ainsi ...

flodefacebook Merci Nicolas pour cet indicateur. Très utile dans une technique de retournement.

HeikinAshi thank you for this very interesting indicator Nicolas! did you define a tradable setup fo...

mahdi how can I import itf file into mt4? please help

Nicolas That code is not for MT4, we do not offer free assistance for this platform, but you can ask...

guinsu2000 hello could you share your copy in a pdf or where you whant please ?

ERICM en copiant collant : erreur de syntaxe apparaît le popup demande de définir length1, length2...

Nicolas En téléchargeant le fichier itf et import dans la plateforme, vous n'aurez pas ces problèmes.

Bateson Bonjour Nicolas un grand merci pour ce travail que je souhaiterai faire évoluer. Je n'arrive...

BERTJES82 Hi Nicolas, is it possible to adjust the starting date of the VWAP on the charts? Thanks in ...

Nicolas Yes, have a look there: https://www.prorealcode.com/prorealtime-indicators/vwap-date-anchored/

Dadoo Merci Nicolas!

Anonymous Thanks for sharing! On the other hand can we remove the vertical gray lines?

ShaunG Appreciated! Thanks 100%

tonbijl good afternoon when i enter the code i get an error message Syntax error

Share this

Likes