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REQ: True MACD MTF No-Repaint Indicator Please

  • Post #1
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  • First Post: May 1, 2015 10:12am May 1, 2015 10:12am
I have a few macd mtf indicataors but they of course repaint if it's on a higher time frame. Is there perhaps a a histogram version that doesn't repaint any of the past? thanks
Real MTF by definition repaints ... That's normal and logical.
MT4/MT5 EAs/Indicators/Alerts coder
Quoting FerruFx
Real MTF by definition repaints ... That's normal and logical.
doesn't simply increasing the period of indicators act as a higher time frame? If you use the lower time frame data you can achieve a pseudo mtf indicator without repainting.

On a 1 min chart a 70 Period SMA = 14 Period SMA on 5 minutes if I am not mistaken.
Quoting Kilian19
{quote} doesn't simply increasing the period of indicators act as a higher time frame? If you use the lower time frame data you can achieve a pseudo mtf indicator without repainting. On a 1 min chart a 70 Period SMA = 14 Period SMA on 5 minutes if I am not mistaken.
Yes ... but that's not a real MTF. That's approximative.

Your solution draw an up/down line within the 5 M1 candles ... while the real value (M5) is the same (horizontal line) ... forming steps each 5 M1 candles.
MT4/MT5 EAs/Indicators/Alerts coder
Quoting FerruFx
Real MTF by definition repaints ... That's normal and logical.
Does switching the calculations from based on close to instead changed to open help mtf indys to not repaint perhaps as much?
Quoting FerruFx
{quote} Yes ... but that's not a real MTF. That's approximative. Your solution draw an up/down line within the 5 M1 candles ... while the real value (M5) is the same (horizontal line) ... forming steps each 5 M1 candles.
Approximated to be sure...but is still actually a true value in the timeframe.

The M1 Moving averages on an M5 chart are quite literally 5x the value.

The only real issue with a Pseudo Moving Average, is if you are looking for a true trigger from a larger timeframe applied to a smaller. Inside of 5 minute period, the value of an M1 candle can trigger and negate.

But, really, isn't that the issue with all MTF's?

Not to mention, there is no such thing as a non-repainting indicator. The values of candles will change when data fills on broker resets...looking at historical shit and running backtests is a testament to how flawed the "Actual", data is, when applied to what is happening now.


Just saying is all...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting justin7
{quote} Does switching the calculations from based on close to instead changed to open help mtf indys to not repaint perhaps as much?
If you wait the higher TF candle to close, your signal will be delayed by X candles. Example H1 on M1 ... you will wait 60 candles to have the definitive signal.
MT4/MT5 EAs/Indicators/Alerts coder
Quoting Magix
{quote} Approximated to be sure...but is still actually a true value in the timeframe. The M1 Moving averages on an M5 chart are quite literally 5x the value. The only real issue with a Pseudo Moving Average, is if you are looking for a true trigger from a larger timeframe applied to a smaller. Inside of 5 minute period, the value of an M1 candle can trigger and negate. But, really, isn't that the issue with all MTF's? Not to mention, there is no such thing as a non-repainting indicator. The values of candles will change when data fills on broker...
Agreed!
MT4/MT5 EAs/Indicators/Alerts coder
Quoting FerruFx
{quote} Agreed!

The real question lies inside of the application and range.

If you want an early entry for a grand range, M1 to H1...what is your expectation of profit and what is your threshold for loss...

MTF's are kewl and have their place, but without a proper application...it's still just throwing darts at a board.

Coulda, Shoulda, Woulda...the thoughts of the historical trading newbie...there is a specific reason I have this guy on ignore.

I know you've already guessed why.

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
Quoting FerruFx
{quote} If you wait the higher TF candle to close, your signal will be delayed by X candles. Example H1 on M1 ... you will wait 60 candles to have the definitive signal.
it's delayed by x candles but it also probably removes some false weak signals wouldn't you say?
Quoting FerruFx
{quote} If you wait the higher TF candle to close, your signal will be delayed by X candles. Example H1 on M1 ... you will wait 60 candles to have the definitive signal.
sofar I see some difference between having it set to be based on close or on open
  • Post #12
  • Quote
  • Last Post: May 1, 2015 8:04pm May 1, 2015 8:04pm
Quoting FerruFx
{quote} If you wait the higher TF candle to close, your signal will be delayed by X candles. Example H1 on M1 ... you will wait 60 candles to have the definitive signal.
I think I can deal with lag better than dealing with repainting
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