MTF Indicators for the 'Trading Made Simple' system

Updated MTF versions of the 'Trading Made Simple' thread indicators.

TMS-Basic.mq4

1. Basic/Standard TMS indicator. Required for the MTF indicators to work.

TMS-MTF.mq4

1. MTF Version of the Basic/Standard TMS indicator.

TMS-Tape MTF.mq4

1. Tape chart of the TMS indicator.

TMS-Matrix 3TF.mq4

1. Three time-frame matrix chart of the TMS indicator.

TMS-Matrix 4TF.mq4

1. Four time-frame matrix chart of the TMS indicator.

Notes:

1. These indicators use TMS-Basic.mq4 to perform calculations and therefore require that it is installed in-order to work.

1. To enable checking by the indicator that the required indicators are installed, enable dlls when the indicator is run. This is optional. The indicator should function correctly without this setting (provided that TMS-Basic works).

1. Check the 'expert' and 'journal' tabs in the terminal window for errors if problems are encountered when running the indicator.

1. These MTF indicators will update/redraw all bars on the lower time-frame that represent the open higher time-frame bar until the higher time-frame bar closes. This is normal and expected behavior for an MTF indicator. If you do not understand this, you should not be using these indicators.If you want a 'non-repainting' version of the TMS indicator, zznbrm has kindly posted one he has written in the next post.

For more information on the indicator parameters, open the respective file in Metaeditor or notepad and scroll down to the parameter definitions. Here is a sample that should cover the most common parameters among the indicators:

TimeFrame.Settings:
TimeFrame1.Period=0; // Timeframe: 0,1,5,15,30,60,240,1440 etc. Current Timeframe=0.
TimeFrame2.Period=0; // Timeframe: 0,1,5,15,30,60,240,1440 etc. Current Timeframe=0.
TimeFrame.Auto=True; // Automatically select higher TF for second line.

TMS.Settings:
TMS.RSIPeriod=13; // RSI Period. Default=13.
TMS.RSISignal=2; // RSI Signal Line Period. Default=2.
TMS.TradeSignal=7; // Trade Signal Line Period. Default=13.

Alert.Settings:
Alert.OnBarClose=True; // Alert only when an open bar closes.
Alert.MatrixLine=1; // Select which time-frame/matrix-line to use for the Alert.OnBarClose setting. Valid values are 1 to 4.
Alert.Popup=False; // Enable popup window & sound on alert.
Alert.Sound=""; // Play sound on alert. Wav files only.
Alert.Email=False; // Enable send email on alert.
Alert.Subject=""; // Email Subject. Null string ("") will result in a preconfigured subject.

Label.Settings
Label.Color=White; // Color of Histogram Id labels.

Divider.Settings:
Divider.MaxLines=30; // Draw period divider line for higher time-frame bars. Nr of bars back. Set to 0 to disable.
Divider.MatrixLine=4; // Select which time-frame/matrix-line to use to draw the divider lines.
Divider.Color=DarkGray; // Color of period divider lines.

Change log:

1. 2014-07-24. Added zipfile with build 600+ versions of most of the indicators.
2. 2014-01-09. TDI-MTF-zz-Matrix 3TF v1.01. Fixed alerts.
   Added TF-Slicer
3. 2013-12-16. TDI-MTF-zz-Matrix 3TF v1.00
4. 2013-03-22. v1.01. Fixed crash on highest timeframes.
5. 2013-01-03. v1.00. First Release of the new/updated versions.

For Build 600+:
The required indicators are embedded into the executable files.


Work on both Build 600+ and 509-:

The above indicator requires the this is indicator installed and working: TDI-MTF-zz.mq4



For Build 509-:
You will have to remove or replace the '.' in the parameter variables if you want to compile the indicators with build 600+. There is a utility program to do that on my website.

Xaphod,

Nicely done!

Try this one - it gets rid of the "step" of the MTF - showing the true values of the indicator at the close of the lower timeframe bar. It's good for those visual backtesters to really see when one line crossed the other (like in the M1 chart below, using the H1 values).

What multi-currency strength indicators do you guys recommend? Or EA's even? I'm thinking here about the indis that show the 14 pairings all at once, and which give Buy/Sell signals based on relative strength.

Any recommendations on which do the best job?

thanks to Xaphod and zznbrm for the good work u guys did. Really appreciated. my intention is just to take trades that will be in the direction of the higher TF. with no stress. i just hope it gonna work.

Thanks. I'm sure some will find this help full.

What can I say... THANKS Xaphod!

Hi Xaphod, any ideas why the mtf indi's do not look right? (flat line)

edit: charts are 1 hr, it's the weekend now though MT connected to broker (oanda) and the mft indi loaded with default settings. thx

Thanks for reporting that. I have found a bug but I'm not sure it is the same as you screenshots show. I have done a bit of a rewrite of the indicators so hopefully that will resolve the problem. I'll update them shortly.

awesome, I will test when I see the new version uploaded. love your work!

Thanks Xaphod !

Uploaded v1.01 of TMS-Osc MTF and TMS-Osc Histo MTF

 

1. - Removed dependency on external indicator TMS-Osc.ex4
   - Fixed repaint of current HTF bar

Added TMS-Osc Histo 3TF.mq4 v0.90:
Three time-frame TMS-Osc Histo indicator which is a tape chart of the RSI Signal and the Trade Signal.

Since it is the weekend and markets are closed I have only been able to test them in strategy tester. We'll have to wait until Monday to verify that they work live. Alerts in 'TMS-Osc Histo 3TF' are untested. Testing left to whoever want to use them.

Download from first post.

http://www.forexfactory.com/images/buttons/quote.gif

Working perfectly. Cannot fault. Thankyou!

I have placed both the osc and mtf osc into the same indi window to save some real-estate. However, the only way I can get this work properly is to fix the indicator window values for min (e.g. 25) and max (e.g. 75). This is a little cumersome though as the dynamic resizing is best.

I know I am asking a lot, but would it be possible to combine both into a single indicator?

Thanks.
Dazz

What are your settings on the MTF version to get daily and weekly plots? Also, how do you fix the indicator window values. Thanks for your help.

Also, how do you fix the indicator window values. Thanks for your help.[/quote]
PERIOD_M1, 1, 1 minute.
PERIOD_M5, 5, 5 minutes.
PERIOD_M15, 15, 15 minutes.
PERIOD_M30, 30, 30 minutes.
PERIOD_H1, 60, 1 hour.
PERIOD_H4, 240, 4 hour.
PERIOD_D1, 1440, Daily.
PERIOD_W1, 10080, Weekly.
PERIOD_MN1, 43200, Monthly.
Ctrl-I -> Select Indicator -> Edit -> Select 'Common' Tab -> Check and set 'fixed minimum' & 'fixed maximum'

Here you go. It's added to the first post:
TMS-Osc 2TF

Xaphod, I congratulate you on your work with the TDI. The 3 TF version works like magic. Really, really nice.

The only way I could think to improve it would be to have it work like a basket trader. If we could select our favorite pairs within the inputs, and if the indi could correlate for us which way the pairs are running across the 3 TF's we have selected -- wow, that would be an incredible tool to work with!

Xaphod, attached is a pic of a possible basket correlation indi. It would be based on your TDI algorithm. The time frames and the pairs would be completely selectable. The idea is that the upper 5 pairs correlate, and the lower single pair anti-correlates as compared to the upper 5, providing further confirmation on the relative strength of the chosen pairs.

With this indicator there would be no need for the other TDI histograms or line indis. Your best coding would be build into this one final indicator.

Additional features might be selectable corner location; universal color choices; font names and font sizes. It should also work with less than 5 upper pairs.

I hope you like the idea. I can see it being a favorite tool for my toolbox.

File Type: mq4 TMS-Osc 2TF.mq4
not working. The link is invalid. have you removed the ....TF. Thanks for your time and effort. If i have my way i would have vouched for you

It is working now. I was updating the files so you must have tried to download at the moment I deleted it as it was being replaced.

Looks like a major project. Don't have time right now. Maybe in the future.