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MTF Stochastics

  • #801
  • Jun 11, 2007 12:39pm Jun 11, 2007 12:39pm
Quoting wwp726
which broker are you use???????
http://forexfactory.com/showpost.php...&postcount=118
  • #802
  • Jun 11, 2007 1:32pm Jun 11, 2007 1:32pm
Quoting PiPr Pro
I am attaching 2 images of the idea Senbanda & Brainjt had. This is from the #MTF Stochastic indicator and I do not see the problems the previous MTF indicators had being placed on one chart. I believe this will work great. I have only included the 14,3,3 lines. I confirmed each of the data points for the respective time frames and they were identical. Notice how much easier it is to see when all 4 time frames have consolidated and break through the 23.6, 76.4 or crossing the 50. Spud - please advise if you agree.

The first image is the normal method with 3 charts stacked.
Make sure you utilize the smallest time frame for the MTF Stochastics to plot correctly. In this case use the M15 chart. This way the higher time frames have multiple points to calculate correctly. If you went to the H1 chart the M15 and M30 would have correct values at the point you are looking but the angle / slope to arrive at the point would be incorrect because they are being calculated off the previous H1 data point
  • #803
  • Jun 11, 2007 5:47pm Jun 11, 2007 5:47pm
Quoting PiPr Pro
Make sure you utilize the smallest time frame for the MTF Stochastics to plot correctly. In this case use the M15 chart. This way the higher time frames have multiple points to calculate correctly. If you went to the H1 chart the M15 and M30 would have correct values at the point you are looking but the angle / slope to arrive at the point would be incorrect because they are being calculated off the previous H1 data point
which version of MTF Stochastic indicator that u used in the picture above?
  • #804
  • Jun 11, 2007 7:25pm Jun 11, 2007 7:25pm
Quoting sepak.orang
which version of MTF Stochastic indicator that u used in the picture above?
#MTF Stochastic.mq4 2007, Christof Risch (iya)
  • #805
  • Jun 11, 2007 8:10pm Jun 11, 2007 8:10pm
Thank you Pipr Pro for posting the images
Senbanda
  • #806
  • Edited 12:15pm Jun 12, 2007 7:04am | Edited 12:15pm
Quoting PiPr Pro
I am attaching 2 images of the idea Senbanda & Brainjt had. This is from the #MTF Stochastic indicator and I do not see the problems the previous MTF indicators had being placed on one chart. I believe this will work great. I have only included the 14,3,3 lines. I confirmed each of the data points for the respective time frames and they were identical. Notice how much easier it is to see when all 4 time frames have consolidated and break through the 23.6, 76.4 or crossing the 50. Spud - please advise if you agree.

The first image is the normal method with 3 charts stacked.
I tested it out and it seems to look ok. Will keep playing with it....but this is great!

Just an update: I've been trying all day to find a significant flaw in this indicator and have yet to come across one. Good work Iya, Pipr Pro, Senbanda and Brainjt This saves so many hours of work! Only request would be someway to identify 4H candle closes on the 15M chart that is not too obtrusive
Attached File(s)
File Type: mq4 #MTF Stochastic.mq4   3 KB | 1,237 downloads
  • #807
  • Edited Jun 13, 2007 4:26am Jun 12, 2007 12:24pm | Edited Jun 13, 2007 4:26am
I'm waiting for the 4H stochastic on GJ to drop below 76.4 to look for a short trade entry. I will check again at 5 pm est. Looks like it is starting to break down on the shorter time frames but will probably be a late entry tonight or early tomorrow unless it breaks quickly.

8:23 pm est Buying long GBPJPY when 30M stochastic crosses 23.6 up.

9:00 Nix the buy, waiting for the 15/30/1H to get in position for a sell since 4H crossed 76.4

7:23 am next day Should have gone with that buy instinct...would have made 100 pips....anyways I am now in short at 240.92 with 1H having crossed 76.4 down ride it to the stochastic 20 unless it turns on me.
  • #808
  • Jun 12, 2007 12:47pm Jun 12, 2007 12:47pm
Hello,

Thank you..thank you... thank you...! This one chart approach is great! One question...do you have to keep your candle chart on the 15 min timeframe? Based on Spud's above post, I think that you do but I just want to be sure.
Unus pro omnibus, omnes pro uno
  • #809
  • Jun 13, 2007 4:30am Jun 13, 2007 4:30am
When using the MTF Stochastic on a single time frame you must be very aware of the 4H stochastics and 1H stochastic time frames (candle closes). These are where the accurate position is of the stochastic line at candle close....as the stochastic will adjust themselves while they are still open.

If in doubt refer to the real time frame and stochastic for a clearer view.
  • #810
  • Jun 13, 2007 5:05am Jun 13, 2007 5:05am
Spud and/or anyone else

I am sorry but I am not sure I follow your previous post. I looked at the one chart approach and then at the 4hr and the stoch numbers are the same. Please explain the importance of the close. Maybe I am having a brain freeze!

Thank you
Unus pro omnibus, omnes pro uno
  • #811
  • Jun 13, 2007 7:22am Jun 13, 2007 7:22am
Hi Spudfyre,

Got to say excellent stuff, have tested this out, though am not sure what settings to use of stochs?

5 3 3 or 14 3 3?

14 seem to be better, by the looks of things, so is it best to go with 14?

Also whats the best to get quick pips, as I am hearing different stuff, I am looking to get 10 pips a day and thats it?

Thanks in advance.
Guess
  • #812
  • Jun 13, 2007 7:56am Jun 13, 2007 7:56am
hi everyone,

i'd like to share one indicator here. regarding 4h and 1h candle close. this indicator which i found on forex-tsd forum draws BIG candles of any timeframe we chose in the background of our current timeframe candles. it's easy on the eyes to see whether the 1h or 4h is closed or not.

here's the example... lets have a look.

Attached File(s)
File Type: mq4 CustomCandle.mq4   8 KB | 1,087 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: gjcust.jpg Size: 72 KB
  • #813
  • Jun 13, 2007 8:05am Jun 13, 2007 8:05am
Spud,

Thank you again. The proof of your contribution is in the "pudding"
Attached File(s)
File Type: doc trade Summar1.doc   51 KB | 2,665 downloads
Unus pro omnibus, omnes pro uno
  • #814
  • Jun 13, 2007 8:10am Jun 13, 2007 8:10am
Sepak,

I found the same indicator but I could not get it to work. I download all the time so I am not sure what is going on. Any suggestions?


Thank You
Unus pro omnibus, omnes pro uno
  • #815
  • Jun 13, 2007 8:14am Jun 13, 2007 8:14am
Quoting moneda
Sepak,

I found the same indicator but I could not get it to work. I download all the time so I am not sure what is going on. Any suggestions?


Thank You
have u set its timeframe in the INPUT tab of the indicator?

if it's still not working, maybe u shld remove it. and put the one i uploaded above in the indicator folder and recompile.
  • #816
  • Jun 13, 2007 8:20am Jun 13, 2007 8:20am
Quoting moneda
Spud,

Thank you again. The proof of your contribution is in the "pudding"

Good stuff Moneda. Were those a combo of methods or specific( break out, etc)?
  • #817
  • Jun 13, 2007 8:34am Jun 13, 2007 8:34am
Sepak,


Never mind... I got it working! Thank You


Pip Hunter,

Those trades since Monday were all Spud's method.. Method I & II under Stochastics Trading Basics post.
Unus pro omnibus, omnes pro uno
  • #818
  • Jun 13, 2007 8:53am Jun 13, 2007 8:53am
excellent.
  • #819
  • Jun 13, 2007 8:56am Jun 13, 2007 8:56am
  •  itguy
  • | Joined Sep 2006 | Status: 110..220....Whatever it takes | 39 Posts
Quoting Spudfyre
When using the MTF Stochastic on a single time frame you must be very aware of the 4H stochastics and 1H stochastic time frames (candle closes). These are where the accurate position is of the stochastic line at candle close....as the stochastic will adjust themselves while they are still open.

If in doubt refer to the real time frame and stochastic for a clearer view.
You don't necessarily need a special indicator to know when the bars close as every close on every time frame is the same, just at different intervals. In metatrader on a 15 minute chart you can go to Insert->Period lines and then drag the line from the 00:00 bar to the 04:00 bar and then you know when the 15min bar closes on the line, the 4 hour bar closed too. Same with 1 hour....or you could just switch chart timeframes
  • #820
  • Jun 13, 2007 10:52am Jun 13, 2007 10:52am
Quoting moneda
Spud and/or anyone else

I am sorry but I am not sure I follow your previous post. I looked at the one chart approach and then at the 4hr and the stoch numbers are the same. Please explain the importance of the close. Maybe I am having a brain freeze!

Thank you

Regards to 15M price chart with 15/30/1H/4H MTF Stochastic indicators - The attached chart may explain it better. The problem with the 4H stochastic line on the 15M chart is that the line pivots from the last 4H close. This can greatly change the position of the 4H line if we are not watching ourselves and being aware of the 1H and 4H candle closes. This is easier to see live, but if back testing we have to realize that during a live trade we only know the 4H stochastic line's true position every 4 hours. Just wanted to point this out so no one get's caught.
Attached Image
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