MTF Stochastics | Page 44 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Art of Trading with MTF Stochastics 1,017 replies

MTF Stochastics into MTF Stoch Histogram 8 replies

Trading MTF STochastics Manual 13 replies

MTF Stochastics EA's 55 replies

MTF Stochastics Trade Journal 12 replies

Attachments: MTF Stochastics
Exit Attachments

MTF Stochastics

  • #861
  • Jun 16, 2007 9:39am Jun 16, 2007 9:39am
this thread just keeps on movin...i wasnt able to read it for a week and now i gotta do some catching up...

a little help guys, i'm fairly new with metatrader and im still exploring the interface...

a) I noticed in Spud's chart example (post #831) of the 4 basic trades ("to" and "away") that the 14,3,3 for the 4 different periods are all in the M15 chart...how do you do that!?...dragging from the navigator window only works if your changing the setting (say, a 5,3,3 overlayed on the 14,3,3) or maybe im missing something?

b) Second question would be the candles that form as a background on the m15 chart, again how do you do that?

sorry to bother you with details like these , but help would be greatly appreciated
"it doesn't come any sharper than this!"
  • #862
  • Jun 16, 2007 4:28pm Jun 16, 2007 4:28pm
Dr. Ich,

If you allow me to be your assistant surgeon for a brief moment.... here is the scapel.... slice this thread and extract pg. 54 & 55.... there you will find your answer!
Unus pro omnibus, omnes pro uno
  • #863
  • Jun 16, 2007 8:41pm Jun 16, 2007 8:41pm
Moneda,

!?! :surprised...I didnt notice that it was already posted...anyways thanks for pointing me in the right direction...

a sharp scalpel isn't much use if you don't know where to slice . So its really great to have people like you assisting clueless surgeons Thanks again!
"it doesn't come any sharper than this!"
  • #864
  • Jun 17, 2007 4:28pm Jun 17, 2007 4:28pm

I cannot see any differences in precision with the last MTF stochastics indicator posted here.
for example I put a 240 (H4) MTF stochastics in a M15 timeframe.. and the line is identical to the line created by a standard stochastics indicator in the H4 timeframe.

  • #865
  • Jun 17, 2007 6:28pm Jun 17, 2007 6:28pm
Spud
I opened a demo at strategybuilderfx and downloaded metatrader 4. What else do I need to get so that #MTF Stochastic.MQ4 will open properly? When I tried to open that file from post #806 it only gives me the programer lingo and no chart. HELP please, I spend ALL day Saturday trying to figure it out and no luck. I think having it on one chart would really help me.
Thanks
COG
  • #866
  • Jun 17, 2007 9:18pm Jun 17, 2007 9:18pm
Cog,

I know you asked Spud but maybe I can help you..... Download the indicator to the MT4 by doing the following:

When you hit save it will open a window where you need to find your MT4 folder and look for the Expert folder within your StrategyBuilder(MT4). Open the Expert folder and look for the Indicator folder...that is where you want to download the indicator. Make sure that you log off your demo and log back in and after that go to Navigator in the demo platform and you should be able to follow the steps in pg. 54 of this thread that will allow you to have all your timeframes in one chart.

Hope this helps
Unus pro omnibus, omnes pro uno
  • #867
  • Jun 18, 2007 12:28am Jun 18, 2007 12:28am
After I do this is it going to show up as a new indicator? If so I am not seeing it. Thanks for your help!
COG
  • #868
  • Jun 18, 2007 9:18am Jun 18, 2007 9:18am
Save the attachment to your folder labeled "templates" and then close the platform and reopen and attach to chart.
Attached File(s)
File Type: tpl spud mtf stochs.tpl   8 KB | 839 downloads
  • #869
  • Jun 18, 2007 9:37am Jun 18, 2007 9:37am
Quoting emda

I cannot see any differences in precision with the last MTF stochastics indicator posted here.

for example I put a 240 (H4) MTF stochastics in a M15 timeframe.. and the line is identical to the line created by a standard stochastics indicator in the H4 timeframe.

I just wanted to echo what Spud said about an MTF indicator in one window (post #860). I think this question of the funny math (trying to put any MTF indicator in one window) has been discussed earlier, but here's another brief response.

I have tried using an MTF indicator in one window and it does not work. If you want reliable input and output then you need to do it the old fashioned way - a window for each TF. It may seem more cumbersome to have all your TFs open at once, but inreality you do not need to see more than the last 20 periods for each TF. You aren't trading the past, but you are trading the present.

There is definitely a difference in the precision between using a one window MTF indicator and just using plain ole MTF.
  • #870
  • Jun 18, 2007 2:18pm Jun 18, 2007 2:18pm
Quoting Spudfyre
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
Kudzu Fx,

I guess we need Spud to clarify this issue because if you look at the quote above he came to the conclusion that there was nothing wrong with the one chart approach based on posts by Sebanda(#798) and PiPrPro(#799). His concern about identifying 4H candle closes was also taken care of as you can see in Post # 823.
Unus pro omnibus, omnes pro uno
  • #871
  • Jun 18, 2007 3:15pm Jun 18, 2007 3:15pm
Quoting KudzuFX
I just wanted to echo what Spud said about an MTF indicator in one window (post #860). I think this question of the funny math (trying to put any MTF indicator in one window) has been discussed earlier, but here's another brief response.

I have tried using an MTF indicator in one window and it does not work. If you want reliable input and output then you need to do it the old fashioned way - a window for each TF. It may seem more cumbersome to have all your TFs open at once, but inreality you do not need to see more than the last 20 periods for each TF. You aren't trading the past, but you are trading the present.

There is definitely a difference in the precision between using a one window MTF indicator and just using plain ole MTF.
The MTF Stochacastic indicator works fine but when using it for multiple indicators on one chart the following is recommended:

1. Use the 15M chart with 15,30,60 240 stochastics
2. Know where the last closes of each time frame are and only use that value as accurate (especially critical with 4H)

I have seen no problems with the accuracy of the numbers in this manner so long as there is clear understanding that drawing one vertical line down a 15M candle is not the same closure for all the time frames and that "live" stochastics are not accurate...only the closed stochastics are accurate. If in doubt refer to a specific time frame chart to double check your trade and exactly where the stochastic is.
  • #872
  • Jun 19, 2007 3:47am Jun 19, 2007 3:47am
I agree with spud. That was exactly the way I'm using it.
and is great.
don't try to see smaller stochastics timeframes than your current timeframe.

the custom candle indicator can help a lot to know where the H4 or H1 close is.
  • #873
  • Jun 19, 2007 4:06pm Jun 19, 2007 4:06pm
Hi Spud,

Can you please explain this a little more if possible?

I have the 1 and 4 hour candle on a 15 min chart + the usual settings, I don't understand by what you mean with the 1 and 4 hour close, could you please upload a chart and/or explain if possible?

Thanks in advance,
Guess

Quoting Spudfyre
The MTF Stochacastic indicator works fine but when using it for multiple indicators on one chart the following is recommended:

1. Use the 15M chart with 15,30,60 240 stochastics
2. Know where the last closes of each time frame are and only use that value as accurate (especially critical with 4H)

I have seen no problems with the accuracy of the numbers in this manner so long as there is clear understanding that drawing one vertical line down a 15M candle is not the same closure for all the time frames and that "live" stochastics are not accurate...only the closed stochastics are accurate. If in doubt refer to a specific time frame chart to double check your trade and exactly where the stochastic is.
  • #874
  • Jun 19, 2007 7:33pm Jun 19, 2007 7:33pm
Guess,

You may want to read post#820 in the meantime.


Hope it helps
Unus pro omnibus, omnes pro uno
  • #875
  • Jun 19, 2007 7:48pm Jun 19, 2007 7:48pm
Quoting guess121
Hi Spud,

Can you please explain this a little more if possible?

I have the 1 and 4 hour candle on a 15 min chart + the usual settings, I don't understand by what you mean with the 1 and 4 hour close, could you please upload a chart and/or explain if possible?

Thanks in advance,
Guess
I don't think I can explain it better than post 820. The best thing I can suggest is to just watch the stochastic lines about 30-60 mins before the 4H candle closes and see what they are doing. You will see how much movement there is and how far back the various stochastic lines move on the 15M chart.
  • #876
  • Jun 20, 2007 8:21am Jun 20, 2007 8:21am
Quoting guess121
Hi Spud,

Can you please explain this a little more if possible?

I have the 1 and 4 hour candle on a 15 min chart + the usual settings, I don't understand by what you mean with the 1 and 4 hour close, could you please upload a chart and/or explain if possible?

Thanks in advance,
Guess
Ok. I'll see if this will help clear up closes. The chart below is a 15M chart. The red shaded areas show the last point for each time frame where the candle and stochastic is closed at the point of the last 4H closure.

Notice that the 4H closure is 16 x 15M candles away from the 15M closure. What this means is the stochastic line after the 4H closure is going to move with price until we get another 4H closure. In other words, where the arrow is pointing at stochastic line on the 4H close is where the thick red stochastic line will pivot from while price goes up and down until the next 4H close.

The length of this period will keep getting longer for the 4H stochastic as each new 15M candle opens....until we have another 15 x 15M candles. It will not be until the 16th, 15M candle close will the 4H close again and shift to the right 16 candles.

So the lag of the 4H stochastic is anywhere from 16-31; 15M candles depending on where the last 4H close was.

The 1H works the same way but only lags 4-7; 15M candles and so on.

At each 4H close the lag is the smallest between all time frames on the 15M chart.

I'd suggest if this isn't clearly understood that one does not use the MTF Stochastic indicator for live trading but instead flip through the various time frames with single indicators for each.
Attached Image
  • #877
  • Jun 20, 2007 8:21am Jun 20, 2007 8:21am
Spud,

If I want to learn your system here...should I start from the first thread? Or is there a later post to start at?

Thanks for all of your sharing!!

BearPaw
  • #878
  • Jun 20, 2007 2:36pm Jun 20, 2007 2:36pm
Spud,

You are a legend!!!

Thanks, it's a lot clearer now... ok another question... has anyone tried using ADX 13 for confirmation?

Or are there any other indicators that we could use to confirm trend?

Thanks in advance,
Guess

Quoting Spudfyre
Ok. I'll see if this will help clear up closes. The chart below is a 15M chart. The red shaded areas show the last point for each time frame where the candle and stochastic is closed at the point of the last 4H closure.

Notice that the 4H closure is 16 x 15M candles away from the 15M closure. What this means is the stochastic line after the 4H closure is going to move with price until we get another 4H closure. In other words, where the arrow is pointing at stochastic line on the 4H close is where the thick red stochastic line will pivot from while price goes up and down until the next 4H close.

The length of this period will keep getting longer for the 4H stochastic as each new 15M candle opens....until we have another 15 x 15M candles. It will not be until the 16th, 15M candle close will the 4H close again and shift to the right 16 candles.

So the lag of the 4H stochastic is anywhere from 16-31; 15M candles depending on where the last 4H close was.

The 1H works the same way but only lags 4-7; 15M candles and so on.

At each 4H close the lag is the smallest between all time frames on the 15M chart.

I'd suggest if this isn't clearly understood that one does not use the MTF Stochastic indicator for live trading but instead flip through the various time frames with single indicators for each.
  • #879
  • Jun 20, 2007 5:17pm Jun 20, 2007 5:17pm
My trading platform has a 3 hr TF ,but no 4hr TF. Is it imperative that I change platforms to get that 4 hr slot or will 3 hr work ... thanks Joel
  • #880
  • Jun 20, 2007 6:21pm Jun 20, 2007 6:21pm
Quoting BearPaw
Spud,

If I want to learn your system here...should I start from the first thread? Or is there a later post to start at?

Thanks for all of your sharing!!

BearPaw

I'd recommend from the beginning.
0 traders viewing now