Disliked...................As such I've been developing a 4 hour trading method of the MTF FIB Breakout system, which I call MTF FIBOx4..............................Ignored
Spud's Predictive MTF Stochastics 1,695 replies
LFB System - London Fib Breakout 45 replies
Fib 4Hour MTF Moving Average 287 replies
Journal related to: Spud's MTF Stochastics 178 replies
Spud's PVX Method 25 replies
DislikedThe first one worked for higher timeframes, JoshDance's worked for lower timeframes, so I figured the next logical step would be one that works for all timeframes. To top it off, I included linear interpolation for higher timeframes, so they don't look as rugged anymore!
Let's hope it works live, as the market is closed right now.Ignored
DislikedThanks for your work on the indicator but I don't think the adjustments you made in post 184 are working properly. I watched the 4HR time frame stay bellow the 80 line then jumping across when 4HR candle closed. Then when I put my curser arrow to the stoch line just past the break of the 80 line, it shows that the 80 line was crossed several hours earlier (which I know wasn't true since I was watching it). Any ideas?Ignored
DislikedI think this lies in the nature of stochastics: they will jump on the formation of a new candle. Things to remember are: the interpolated values are for display only. This are not the values, the stochastic had at these times, because at higher timeframes these times do not exist (on the chart). The values from candle close times should be correct, of course. I also made the active candle from a higher timeframe extend to the current time (of the lower chart), because this way the current values will get displayed.
Hope this helps. Any suggestions are welcome, of course.Ignored
DislikedI think what we would ideally want is the MTF stochs to display the same number of bars for each of the timeframes selected on that chart, e.g. you have a 30 min chart displaying 40 bars, and you want the last 40 bars of the hourly chart and the last 40 bars of the 4hr chart. These would of course relate to a longer time period.
I don't think that this is possible with MT4, but I'm not a coder so I am probobly not best placed to judge.
I actually think that the more blocky MTF stochastic may be more beneficial, where the longer term stochs are displayed for the number of lower timeframe bars that value relates to: i.e. on a 30 min chart the same value is displayed for the last 2 bard for hourly and last 8 bars for 4 hour.
G-ManIgnored
DislikedYou're correct. Ideally that's what we want, but we just can't get it that way. The absolutely best setup is different chart windows, although what you mention in the last paragraph is valid also (30 min chart, 1 hour stochs, for example). The only way to have the best view is to line multiple windows up and zoom accordingly.
The fact is that while it's more convenient to have more than 1 TF on a chart, anything more than 1 level of difference (say, a 15-min stoch on a 1-hr chart, 2 levels difference) basically defeats the purpose, as you can't get a picture of what the lower TF stochs are doing at the moment. Even a 30M stoch on a 1HR chart loses much of its effectiveness.Ignored
DislikedIgnored
DislikedSkyline is it possible to add the following to the indicator you have already programmed:Ignored
DislikedSpud
In #174 you talked about MA's what is your setting for those. Thanks for all your help. I have been trading for almost a year and this month I traded your mtf system and finally had a profitable month. Thanks again for all the time you give teaching.
COGIgnored