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I have an initial opinion now about an MTF version of this indicator...
iMax doesn't use indicators within it that carry array data that can be directly manipulated, so arrays have to be created to store high and low bar data on all the chart timeframes, and Ehler's formula applied to that data, and the results stored. Then, the question is what kind of display is most useful for that information... a Guppy like display of lines on the charts, or "Forex Freedom Bar" kind of display... and I tend to think the latter would be best.
However, I have been coding EA's, and indicator's is something I have little experience with... though I think I could do this. I think this is a very worthwhile undertaking, but I know there are people here with the kind of experience that would make translating this indicator in it's present form into an MTF type indicator an efficient task. For me, it would possibly be a great learning experience, but not necessarily efficient for me at this time... so I will wait and see if anyone here with more experience with MTF indicator coding will take this up as a project to contribute... and if not... then maybe I might...
I made a comment earlier that I think could be discussed... I said "but I just can't imagine how rewritten histories can help with entry signals..."
And it is true, I haven't tried to imagine how this could be useful, but it might be... here is an interesting observation... If you overlay the HP indicator signal which has been rewritten by the indicator, over a MOEF baseline signal, single phase, they show a dynamite entry point... but it isn't true, because HP rewrote it's history...
However, is it possible to take an MOEF signal as a reference, and say "this is what I am basing my decisions for trading on, and then compare that to what HP has modified in it's history, and then ask yourself "but this what I should have done" and then create an error correction signal in what you are actually doing now...
I looked at the HP indicator, and at first was impressed by it's amazing ability to detect trend changes... except you are absolutely right... it repaints the past, and when I have iMax and HP together, on bar 0 they cross at the same time... iMax simply doesn't rewrite history to make itself look better later, or after the fact... anyway, thanks for the contributions, and maybe there is some combination of indications that do work well... but I just can't imagine how rewritten histories can help with entry signals... maybe you or someone else can explain it better for me.
For me, I am interested in automated trading, and signals have to be real, precise, and don't change themselves after the fact to be useful.
Entry signals from repainting indicators locking good but for trading you need to correct the problem with your brain and trade manual.
Think i have a partial solution for your problem to make EA's that really work in all market conditions.
If it takes an EA that really work successful in all market conditions we are all Billionares!
But, believe me, there's no way for on this world.
Lock at the picture and use the template with the indicators i postet before.
Entry signals from repainting indicators locking good but for trading you need to correct the problem with your brain and trade manual.
Think i have a partial solution for your problem to make EA's that really work in all market conditions.
If it takes an EA that really work successful in all market conditions we are all Billionares!
But, believe me, there's no way for on this world.
Lock at the picture and use the template with the indicators i postet before.
avi1 I would love to do a MTF version of this indicator, I know it's potential. I have already discussed what it will take, and the resource I lack now is time... It will take me longer than someone with more experience with MTF coding to do it... but if no one else here does step up to this task, until I can get around to it... I will... so if you really want a MTF version then just hang around until I can get to it... or someone else can step in now.
I think a MTF version will highlight just how benificial John Ehlers' technique is, when it is captured by some means... like a phase shifted crossing. To me there is a lot of potential behind a "minimal (fast) trend" detector... which is exactly what iMAX extracts.
To me, when you try to go faster than Ehlers smothing allows, then there are instablity problems in determining trend reversals, and if you don't go as fast as John's technique allows, then you really are not in the game... so I think it is something of a performance bechmark... and this is extremely useful. And, extracting this minimal fast trend information from the sequence of timeframes I would think would be also be extremely useful... so an MTF version will no doubt now be done because the means is available to begin to do that, and if no one else kicks in here, I will do it... don't worry. I am just not sure how committed others are to truly contributing to the "public" side of this "community." I will admit that I even have reservations about what I want to contrubute to the public per se. I think people should try to help themselves and earn their way to success, and just giving out unearned means to wealth is probably not a socially responsible thing to do. So I can understand if others might not want to step in an help with anything that might really have some potential behind it... but, I don't think a single indicator, is going to make anyone wealthy here, so I will do this given time... if no one else will help you out.
