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.

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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)

MonopolyTm Hello, Do you think it is possible to code something similar to the example in the following...

robertogozzi Why HAUT and BAS have been calculated AFTER line 8? Shouldn't they be calculated BEFORE lin...

zilliq Be careful, It works only if you are in daily timeframe, and on your graphic you are on hou...

DerPat I guess you are right, like always. If you change n to 24 you have at least the hours of a d...

gabri DerPat, you can also change line1 to read as follow to adapt this script to hourly timefram...

Arnaud HALVICK Great indicator, thank you!

JMat45 Hi Nicolas, just reviewing this indicator and noticed that you have double assigned the vari...

Nicolas That would not make any difference because the code is read from top to bottom.

supertiti Hola Petrus Estas aficionado de vino para tener este mote ? El canal de donchian es la bas...

Petrus Hombre, no te diré que no me guste el vino, y en especial éste, pero aún me faltan muchos tr...

Petrus Saludos desde Barcelona!

Nicolas Use the wrench of the price chart! Upper left of the window

Dymjohn The wrench shows options for the components of the indicator not how to show in the main cha...

Nicolas http://www.prorealcode.com/topic/overlapping-indicators/

Nicolas Do I need to change the code accordingly to your formula?

Fabio Anthony Terrenzio Good idea

StefanoCG ciao Fabio ... non hai mica tutti i torti ... la notte bisognerebbe dormire per non scrivere...

Nicolas You will find the VWAP code from PRT here: https://www.prorealcode.com/topic/is-there-any-wo...

keks Thanks for sharing this wonderful code. Is there a way to draw a horizontal line to plot pre...

taklause Hello, just one question, can it be that this indicator does not work on ProRealTime v12? T...

rpreviteri Hi Nicolas, thanks a loto for sharing your knowliedge, Wasn't the original momentum pinball...

air Thank you!

elanoa Buonasera sig. Nicolas......sarebbe possibile far in modo che quando l'indicatore raggiunga ...

Philip Raphael Hey! Thank so much for sharing this wonderful indicator! I have always tried to code a simil...

CKW Hi Philip, What do you mean "Years" are not defined ? candle? If to code yearly candle size...

dakaodo Years not defined was probably b/c Phillip copied and pasted the code into PRT instead of im...

Nicolas Thank you but no sorry. Still have some trouble with the comments system. I will fix it soon.

Manuel Cerbi Come posso modificare il codice in modo da poter cambiare a piacimento il numero di periodi?...

Geronima Ortiz period = 14 a posto di 14 scrivi np poi crei una variabile con lo stesso nome

roos Hi Nicolas, another really helpful bit of code, thank you! Can I ask how you might amend so ...

Denis Good evening Nicolas, could you tell me where thae arrows on the chart come from ? I don't s...

Nicolas there is no arrow in this indicator.

Suzu Yuk Hello, I am still getting the same error even after removing the // in front of the “myPe...

carlvan J'ai la même erreur. Pourtant ABS donne par définition un nombre positif

Nicolas Essayons de remplacer la ligne 27 par: averageperiod=max(round(averageperiod),2)

proreal82 Testing it out, and sorry guys but this indicator is ridiculous. Don't use it!

rama I have tested this indicator , this is one of the best indicator for scalping , I tested on ...

Regan2020 Hi Rama, I am using the indicator now, but it doesn't seem to form live time, and only indic...

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