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Originally Posted by cja
Here try this MACD it might be what you are after, I made this indicator because I got fed up having to jump from chart to chart to check what MACD was up to.
This indicator has adjustable MACD Factors for each time frame, if the MACD lines are too squashed up together pick the MACD timeframe that shows the largest movement and alter the MACD Factor on that timeframe in this example the M5 was altered from 2 to 4 this decreases the affect that this timeframe has on the others and effectively zooms in and balances the view.
Be aware that the Different MACD's are only accurate history wise if you are actually on the appropiate timeframe( ie M5 MACD on the M5 Chart ) however they do show real time right at the current price. If you are on the M15 time frame and M5 MACD shows it is about to cross up then that is exactly what is happening on the M5 Timeframe.This indiactor shows each of the MACD"s as they would look if you were on each of the individual charts.
cja
Attachment 14723 Attachment 14724
Attachment 14722
The first screen shot shows the default settings for the MACD Factors
The second screenshot shows the same view except the M5 MACD Factor has been altered from 2 to 4 |
Hey CJA, I dont know if your still watching this post or not, but I think it would be soooo great if this indicator only showed the time frame (M1, M5, M15, M 60) and then in each column its correlating value, like so .....M1: -.2, M5:0, M15:.3, M60: .9 Since the historical isnt so accurate anyway, it wouldnt hurt performance AND it would be really easy on the eyes. Then, if you want...you could run the origional below it to see the correlation of the lines versus 0. I'll look at coding it that way this weekend, but to be honest, I dont know if Ill be able to do it.
Just a thought.