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added futures of v1.1 (mode, levels); Sidebars - bar level(position)adjustable; drug-and-drop at any ind. window
all ind. hooked 2 and works with one ini ind - same old "AbsoluteStrength_v1.1" (below)
The Great fxbs, Chip82, and other forex experts, i am confuse to choose an MTF indicator which is suitable for my trading technique...
i like scalping very much...than the long term trades...
i like to trade in 1 and 5 minutes TF.
So, i want to use MTF indicator which shows high accuration when to enter and when to exit fast..
right now i use MTF HAS Bar from Steinitz, MTF FXSniper's CCI from Chip82, Bolinger Squeeze which give me signal when not to trade, and William % R. But i feel sometimes they show late signals...
So, which one of MTF indicators is according to you guys has a high accuration..
Would you help me guys ........?
if a group of market participant has a discipline on a signal pattern
and other group of market participant has another discipline on another signal pattern
when the both of the pattern give the same signal
i call it "pattern interference"
what do you thinK ?
please could you tell me more about this
Quote:
Originally Posted by keris2112
Hi all,
I've been wanting to have the ability to plot indicators from different timeframes on my chart, but MT doesn't have this capability built in. (Does anyone know of any charting programs that do this natively?) As an example, if you're following the IWCR system, it'd be nice to be able to plot the Daily RSI on your 5 Min. chart.
When I put together the Daily Volitily Breakout indicator, that sorta did what I wanted in that it allowed you to add it to any timeframe (Daily or less) and see where the daily breakout point would be. The problem was that it was limited to only showing the Daily value.
About 2 weeks ago I came across Igorad's Price Channel Stop indicator and it seemed to do what I wanted (with regard to mulitiple timeframes). I started trying to use the Price Channel indicator as a template, adding code from other indicators and tweaking it to work within the new structure, but they never seemed to work. (I'm still not a very good coder.) Then last night I had a "breakthrough": If I can't figure out how to properly add the code from the other indicators, why not just Reference them, with their iName or iCustom? So, that's what I did. And, it works great.
Here are a few things to keep in mind when using these:
1) TimeFrame is the input you use to specify what timeframe to pull the data from.
2) You must set TimeFrame in minutes (1,5,15,30,60,240,1440,10080,43200)
3) By default, TimeFrame is set to 0, which means that it will use whatever the current timeframe is, i.e it will act as the original indicator.
4) If you set TimeFrame to anything other than 0, it must be >= current timeframe. (In other words, don't use a M15 PSar on an H1 chart. The values won't be correct. An H1 PSar on an M15 chart works properly.)
I've setup 5 Multi-TimeFrame (MTF) indicators to use as examples. You can open them up and use the code as a template so that you can make any existing indicator MTF. Please don't post asking for other indicators to be made, as the thread will soon turn into one big 'please do this for every MT4 indicator'. It's really, really simple to do, and if you don't know how to code, spend a week reading Coder Guru's MT4 programming guide and you'll be able to do it.
If I have time, I'll add more. Hopefully others will add their MTF conversions to the thread.
Multi-TimeFrame set 1 contains:
#MTF_MovingAverage.mq4
#MTF_PSar.mq4
#MTF_RSI.mq4
#MTF_MACD.mq4
#MTF_CCI.mq4
The attached chart is the following:
M5 Chart with LimeGreen PSar
M15 PSar
M60 SMA(13)
H4 CCI
M30 MACD
H1 RSI
Well, I hope these come in handy for some of you. Thanks Igor, for your fantastic coding skills. I've learned a lot just by studying your code.
Keris
EDIT:
Added #MTF Set 2.zip on 3/4/06 ---- (Bollinger Bands, Juice, Linear Price Bar, Price, Stochastic)
The Great fxbs, Chip82, and other forex experts, i am confuse to choose an MTF indicator which is suitable for my trading technique...
i like scalping very much...than the long term trades...
i like to trade in 1 and 5 minutes TF.
So, i want to use MTF indicator which shows high accuration when to enter and when to exit fast..
right now i use MTF HAS Bar from Steinitz, MTF FXSniper's CCI from Chip82, Bolinger Squeeze which give me signal when not to trade, and William % R. But i feel sometimes they show late signals...
So, which one of MTF indicators is according to you guys has a high accuration..
Would you help me guys ........?
Regards,
IIN
Hi iinzall.
I am not a Senior member but I hope that a few of my comments can help you.
The main idea of use MTF indicators is to trade with a more big parameter than 5 or 1 minutes. The recommendation is trade on the way that indicates the MTF, because there are more probability that we will have more impulsive movements on that way.
I am not a Senior member but I hope that a few of my comments can help you.
The main idea of use MTF indicators is to trade with a more big parameter than 5 or 1 minutes. The recommendation is trade on the way that indicates the MTF, because there are more probability that we will have more impulsive movements on that way.
Hi Cattus, i really appreciate your reply to me.
Big thanks for your help. And i will study the link you give, to make my own technique better in trading.
Big thanks again...