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)

David Thanks for the explanation Nicolas.

freecat1899 Hello, I wanted to create a percent ADR based on this indicator, so I wrote this code that I...

revstrat At first glance, I see this mistake. You shouldn't average the highs and the lows. You shoul...

sagittario75 Good morning, You might have a change to this code so that you change the time settings dir...

sandfred can this indicator be both converted into .mq4. i couldnt use it as .itf

Nicolas For any customized code, you can ask the programming services: https://www.prorealcode.com/t...

eisi If i switch between different Markets, the Backgroundcolour will appear where it should not...

datageek How can I get alerts on colour change?

NAMBO40 Hello, I would like to add a 25 period SMA moving average. It's possible?

Gian65 Hi I downloaded your indicator, and checked the pattern engulfing, but I think you should ch...

swapping ce n'est pas le bon endroit mais je n'ai pas eue de difficulté pour ajouter une image extern...

Bruno Carnazzi Moyenne mobile intéressante, dommage qu'elle soit si gourmande en puissance de calcul. Les v...

Nicolas ok.

PeP2016 Hi, simple and nice idea. One question though: I read it removes small price fluctuations ...

thomas2004ch Hi Nicolas, >>This indicator code is not the one of the MACD divergence indicator a...

thomas2004ch I think I've found it. My questions: 1. Do you have the source code? 2. The following ...

Nicolas Hi, I'm not the author of this indicator. The MACD divergence source code of the one embedd...

s00071609 Hi, could you please suggest, what this codes gives, lowest[b](rsi[a]) -- just trying to us...

Nicolas lowest[b](rsi[a]) returns the lowest values of the RSI of "a" periods, over the last "b" per...

s00071609 Hi, what would be the code to get the price for last bullish DTOSC cross over. I am looking ...

xel @DerPat - I don't see any question regarding the indicator. Anyway, I think I give enough l...

diegofe_2000 Xel, tu eres el creador de este indicador? Bueno te cuento que es muy bueno para hacer est...

xel Buen día @diegofe_2000 - Claro, mandalo y por aquí lo probamos en otros instrumentos y si g...

Doctrading I forgot to write at the beginning : a = 50 b = 50 These are intermediate levels Sorry

DerPat Thank you. This one could be an aid in my current research on stochastics.

Pelayo it is possible that in line 12 we should put seuilinf=-b, thaks for all

Nicolas Thank you Pere!

M.Nicolas 81 Hola Nicolas. ¿Existe la posibilidad de que este indicador se muestre también en el históri...

Nicolas That would be possible to be coded using MTF indicator in PRT v11.

stevzor Hi - bit of an old post but hopefully you see my comment lol. I'm trying to add this Wil...

Nicolas Add it on the price by using the wrench on the left upper side of the price chart.

withoutwings Hi All, I've made some fixes & upgrades so that this single script can either used as...

Nicolas Why are you asking this question there? (and in other places in the forums that don't have a...

Brisvegas Nice code Nicholas and well done on writing it but in my opinion and mine only pivot points ...

Nicolas Thanks for the input and your opinion, but IMO, the pivot points are ones of the best suppor...

rufus.round How easy is it to remove the overnight intraday bars from the calculation?

Carburo Good morning, Nicolas. Your indicator provides information that becomes very useful when you...

Nicolas Please create a forum topic specific for that demand. Thank you.

supertiti Hola Angel Las funciones backgroundcolor etc etc no funcionan con la version 10.2. Para sa...

AngelPujalt ok

Lotech123 It may be a little late in the day, but having only just discovered this utility, I have mes...

Nicolas Exit and relaunch PRT should fix this behavior.

verdi55 Thank you. After a restart, it is somewhat faster; however, it still takes about 3 minutes t...

Nicolas Good! thanks for sharing your own code! Please do so with other ones if you think you can im...

Toto8 Hello, When I use the code above with no change at all, I get an error message stating that...

fabien philipp Hi, I have the same message error by importing the itf file, or by copying and pasting the ...

Manu L. Idem

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