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Creating MTF version of an indicator

  • #1
  • First Post: Mar 23, 2021 12:59pm Mar 23, 2021 12:59pm
Hi Coders .........anyone interested in converting an indicator into MTF version ............ please contact...............
  • #2
  • Mar 23, 2021 1:46pm Mar 23, 2021 1:46pm
You should try platform tech. That is where all the true coders live.
If you are good at something, never do it for free--Joker
  • #3
  • Mar 23, 2021 3:07pm Mar 23, 2021 3:07pm
Quoting jmn5611
You should try platform tech. That is where all the true coders live.
ok thanks for guidance.......
  • #4
  • Mar 23, 2021 5:56pm Mar 23, 2021 5:56pm
by MTF, do you mean MULTI TIME FRAME?

OK.

if i were going to do something multi time frame, i would probably want to push things over the edge a bit..

i would not want to use the nonsense time series crap that they have built into metatrader..

instead, i would probably consider gathering my own high resolution real time data and i would probably want to gather that data from maybe five or six different major brokers..

setup half of a dozen metatrader terminals and have them all saving high resolution data to a central pricing file.

now you can write custom functions to read thru that MULTI BROKER MULTI TIME FRAME data and you can view it as H1 or H4 or D1 or D7 or whatever timeframe that you want, you will not be restricted to the limited options that the metatrader terminal language makes available to you.

keep in mind that if you need six months of data that it only takes six months to gather that data in a high resolution manner and in that six months you can be polishing your code.

best wishes.
  • #5
  • Mar 24, 2021 4:58am Mar 24, 2021 4:58am
Quoting jmoreno
by MTF, do you mean MULTI TIME FRAME? OK. if i were going to do something multi time frame, i would probably want to push things over the edge a bit.. i would not want to use the nonsense time series crap that they have built into metatrader.. instead, i would probably consider gathering my own high resolution real time data and i would probably want to gather that data from maybe five or six different major brokers.. setup half of a dozen metatrader terminals and have them all saving high resolution data to a central pricing file. now you can write...
......thanks for yr input.......... we are looking for a coder who could actually do it.............
  • #6
  • Mar 24, 2021 8:31am Mar 24, 2021 8:31am
Quoting klm1011
{quote} ......thanks for yr input.......... we are looking for a coder who could actually do it.............
i have enjoyed chatting with you.
  • #7
  • Last Post: Mar 24, 2021 2:05pm Mar 24, 2021 2:05pm
Quoting jmoreno
...if i were going to do something multi time frame,...nonsense time series crap that they have built into metatrader...gathering my own high resolution real time data ...five or six different major brokers...
That is very much beyond the scope of a regular mtf indicator that a retail level trader would make use of.

I doubt there's much benefit in gathering mtf data from so many different sources. I can understand trying to ascertain the truest tick values of an instrument closest to averaging raw liquidity feeds, but if it comes time to place a trade, then a single broker still has to be chosen and each has their own proprietary method of aggregating and smoothing their raw feeds. On the other end of the scale, collecting such data for averaging out h1-mn1 tfs I doubt has much value as well. How much of a deviation are you expecting on that scale to smooth out from separate brokers? If it's for arbitrage and mean reversion, well thats best on a tick level, all the inefficiencies of pricing would have already be ironed out above 5m.

Quote
you will not be restricted to the limited options that the metatrader terminal language makes available to you
I very much suspect that if someone isn't profitable on mt4's 9 tfs and mt5's 20ish tfs, I doubt they'd be any better off on another tf.
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