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Attachments: Project Ultra - True "Other Time Frame" Indicators
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Project Ultra - True "Other Time Frame" Indicators

  • #1
  • First Post: Edited Aug 13, 2011 8:48am Jun 19, 2011 12:40pm | Edited Aug 13, 2011 8:48am
Project Ultra

I have been working on providing true "other time frame" indicators (sometimes referred to as MTF indicators).

Traditionally these indicators simply get the final value of the corresponding bar in the other time frame and show this value, this leads to "step" effect, and in addition does not show you at detailed level how the value came to be. (an example is shown below)

The working name I gave to this project was "Project Ultra".

All indicators will be prefixed with the name !Ultra, the indicators will be added (in no particular order) as I complete them.

NOTE: The only additional functionality that will be added to each indicator is the "true" other time frame functionality.

NO Alerts etc. will be added, so please do not ask for such modifications.

NO MQL4 versions will be uploaded.

This first post will be continually updated with the correct links to the latest version of the indicator.

Each indicator will have several additional parameters for the "Ultra" functionality.

These are

xi_Other.TF - The other Timeframe to use (this must be greater than the timeframe that the indicator is added to)
xb_TF.Seperator - If you wish seperation lines to be added
xi_Seperator.Style - The style of the seperator lines (ie, solid, dashed etc.)
xc_Color - Color of the seperation lines
xi_OTF.Max.Bars - Maximum bars in the other time frame you wish to calculate
xs_Unique.Pfx - A unique prefix for the indicator for objects created


LATEST INDICATORS / MODIFICATION HISTORY

Ultra Stochastic - http://www.forexfactory.com/showthre...41#post4709241
Ultra RSI - http://www.forexfactory.com/showthre...=1#post4709281
Ultra Stochastic (colored lines) - http://www.forexfactory.com/showthre...39#post4711139
Ultra ADX - http://www.forexfactory.com/showthre...40#post4720040
Ultra TMA - http://www.forexfactory.com/showthre...31#post4866431
Ultra Bollinger Bands - http://www.forexfactory.com/showthre...58#post4867458
Attached Image (click to enlarge)
Click to Enlarge Name: project ultra.gif Size: 20 KB
  • #2
  • Edited 6:32pm Jun 19, 2011 12:51pm | Edited 6:32pm
Ultra Stochastic Oscillator

Standard Stochastic Oscillator as provided by MT4 with true OTF/MTF capability.

EDIT: Removed due to bug on gap opens and internal "indicatorcounted()" calculation
  • #3
  • Jun 19, 2011 3:33pm Jun 19, 2011 3:33pm
Will you be doing one of these ultra MTF indicators for RSI?
  • #4
  • Jun 19, 2011 3:47pm Jun 19, 2011 3:47pm
in short yes.

most of the work up to now has been trying to code a stable base to start each indicator from.

indicators such as ADX and stochastic etc (basically any indicator that does not have the ixxxOnArray function) requires a bit more work as you have to rebuild the internal workings of the indicator from scratch again.

but the hard work (the base) has now been done, it's just a case of finding time to do the others.

check back every so often for updates / new indi's.

regards, John

Quoting BlackStack
Will you be doing one of these ultra MTF indicators for RSI?
  • #5
  • Jun 20, 2011 4:02pm Jun 20, 2011 4:02pm
Standard MT4 Stochastic with OTF/MTF functionality
Attached File(s)
File Type: ex4 !Ultra Stochastic.ex4   11 KB | 3,443 downloads
  • #6
  • Jun 20, 2011 4:21pm Jun 20, 2011 4:21pm
Quoting jmw1970
Traditionally these indicators simply get the final value of the corresponding bar in the other time frame and show this value, this leads to "step" effect, and in addition does not show you at detailed level how the value came to be. (an example is shown below)
John,

The "step" effect has always made sense to me, since there can be (for example) only one H1 close for every twelve M5 closes.

Are you able to explain how you calculate the interpolated values, or is this a secret?

Thanks,
David
  • #7
  • Jun 20, 2011 4:28pm Jun 20, 2011 4:28pm
Standard MT4 RSI Indicator with OTF/MTF functionality
Attached File(s)
File Type: ex4 !Ultra RSI.ex4   10 KB | 2,975 downloads
  • #8
  • Jun 20, 2011 4:36pm Jun 20, 2011 4:36pm
Hi Hanover

quite simple, I rebuild the higher timeframe internally

for example

5m timeframe , 1hour multi

so 12 * 5m is 1hr

as each tick comes on the 5m, I update the appropriate internal hourly candle,

so the open is moved only at beginning of a new hour
the low is moved if lower than the low currently for the bar
the high is moved if higher than the high currently for the bar
the close is always moved

I then do as the standard indicator does and recalculate based on the current bar, even if it is not finished yet, it still has a close (if the indicator is based on close) even if the bar is still open

You can test this out, by adding the ultra indi to a smaller timeframe, and adding the normal one on the timeframe to compare they will match

NOTE: if you are looking at historical, dont forget in the smaller timeframe it is the bar just before that contains the last close info

ie. 20:00 Hourly bar that is closed - so time for example 21:01
bar on the lower 5m timeframe that would contain the same value is 20:55

Hope this makes sense
Regards, John

Quoting hanover
John,

The "step" effect has always made sense to me, since there can be (for example) only one H1 close for every twelve M5 closes.

Are you able to explain how you calculate the interpolated values, or is this a secret?

Thanks,
David
  • #9
  • Jun 20, 2011 5:08pm Jun 20, 2011 5:08pm
Quoting jmw1970
Hi Hanover

quite simple, I rebuild the higher timeframe internally.........
John,

Thanks for the explanation, and for all of your hard work.

Best wishes,
David
  • #10
  • Jun 21, 2011 6:17am Jun 21, 2011 6:17am
Standard stochastic indicator with colored lines (up/down) with true OTF/MTF functionality.

NOTE: The lines are colored up/down based not on the previous bar of the chart timeframe, but based on the previous bar of the "other" time frame

so although the stochastic line is rising it could still be colored for falling because it is still below the previous other timeframes final value
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-21_1316.png Size: 38 KB
Attached File(s)
File Type: ex4 !Ultra Stochastic Color Line.ex4   12 KB | 5,195 downloads
  • #11
  • Jun 21, 2011 7:02am Jun 21, 2011 7:02am
Great work, will you load mlq versions also

thanks
  • #12
  • Jun 21, 2011 7:20am Jun 21, 2011 7:20am
no mql versions of these indies will be loaded,

a lot of hard work and time went into the base logic which makes the indicator work

people could always decompile if they want the mql


Quoting censura
Great work, will you load mlq versions also

thanks
  • #13
  • Jun 21, 2011 8:45am Jun 21, 2011 8:45am
I understand, if i wish to get the values for this and use the

iCustom(NULL, 0, "!Ultra Stochastic Color Line",1,0);

which buffer should i use and in relation to kev system and as as a replacement for the stepped stoch what should i use to confirm trend

Would you suggest using the cross of the signal line as a useful confirmation tool if so which buffer is this held in.

thank you for your help


Quoting jmw1970
no mql versions of these indies will be loaded,

a lot of hard work and time went into the base logic which makes the indicator work

people could always decompile if they want the mql
  • #14
  • Jun 21, 2011 8:53am Jun 21, 2011 8:53am
this information can always be got from any indicator by opening the data window in mt4

find the indicator in the window, the values will then allways be starting at the top with 0 going down

so for the indicator color line

buffer 0 is up
buffer 1 is down
buffer 2 is signal


don't forget in the call to iCustom you also need to pass all the parameters in addition to the parameters for mode & shift


Quoting censura
I understand, if i wish to get the values for this and use the

iCustom(NULL, 0, "!Ultra Stochastic Color Line",1,0);

which buffer should i use and in relation to kev system and as as a replacement for the stepped stoch what should i use to confirm trend

Would you suggest using the cross of the signal line as a useful confirmation tool if so which buffer is this held in.

thank you for your help
  • #15
  • Jun 21, 2011 9:09am Jun 21, 2011 9:09am
so will -

int trend;
if( iCustom(NULL, 0, "!Ultra Stochastic Color Line",0,0) = 1) trend = 1
else trend = -1;

not work

cheers
Quoting jmw1970
this information can always be got from any indicator by opening the data window in mt4

find the indicator in the window, the values will then allways be starting at the top with 0 going down

so for the indicator color line

buffer 0 is up
buffer 1 is down
buffer 2 is signal


don't forget in the call to iCustom you also need to pass all the parameters in addition to the parameters for mode & shift
  • #16
  • Jun 21, 2011 9:35am Jun 21, 2011 9:35am
no,

first of all

to call a custom indicator you have to

specify the symbol & period (you've done)
specify the name (you've done)
specify each parameter the indicator requires (you've NOT done)
specify the mode(buffer) (you've done)
specify the shift (you've done)

then in your program you have to react to the values coming back, the values are not 1 and 0 (they are something like 82.32123 for example)

Quoting censura
so will -

int trend;
if( iCustom(NULL, 0, "!Ultra Stochastic Color Line",0,0) = 1) trend = 1
else trend = -1;

not work

cheers
  • #17
  • Jun 21, 2011 1:01pm Jun 21, 2011 1:01pm
ok will this work

inputs
int otherTF=240,K=10, D=3,S=3, method 3,price 1;


double trend = iCustom(NULL, 0, ""!Ultra Stochastic Color Line", otherTF,K,D,S,method,price, 0, 0);

if(trend>0) globalvariableset(symboll()+"MTFS",1);// Uptrend
else
globalvariableset(symboll()+MTFS,-1);//downtrend



thank you


Quoting jmw1970
no,

first of all

to call a custom indicator you have to

specify the symbol & period (you've done)
specify the name (you've done)
specify each parameter the indicator requires (you've NOT done)
specify the mode(buffer) (you've done)
specify the shift (you've done)

then in your program you have to react to the values coming back, the values are not 1 and 0 (they are something like 82.32123 for example)
  • #18
  • Jun 21, 2011 1:45pm Jun 21, 2011 1:45pm
not quite

a) you are still missing parameters
IMPORTANT: even things that appear to be just text help in the indicator still need to be passed as empty strings, in addition you need all the extra stuff that is the last lot of the parameters for displaying seperators etc.

simply put, the number of lines in the prompt box that appear when you open the indicator that is how many you need to pass

b) as stated previously the values returned are not 0 and 1, it is generally a number greater than 1

Maybe if you explain what you are exactly trying to do

if you are looking simply to see if the stoch is up or down then iStochastic is fine, it is only when you want to look at different time segments individually of the larger timeframe do you need ultrastoch


Quoting censura
ok will this work

inputs
int otherTF=240,K=10, D=3,S=3, method 3,price 1;


double trend = iCustom(NULL, 0, ""!Ultra Stochastic Color Line", otherTF,K,D,S,method,price, 0, 0);

if(trend>0) globalvariableset(symboll()+"MTFS",1);// Uptrend
else
globalvariableset(symboll()+MTFS,-1);//downtrend



thank you
  • #19
  • Jun 21, 2011 3:25pm Jun 21, 2011 3:25pm
The order of the parameters is it the same as the input window when you load the indicator can you tell me what they are

Thank you
  • #20
  • Jun 21, 2011 4:16pm Jun 21, 2011 4:16pm
exactly

best is to have the inputs window open on session and type in your code on the other

example would be

iCustom(NULL,0,"!Ultra Stochastic Color Line",
" ",TF," ",KPeriod,DPeriod,Slowing," ",Method," ",PField,
" ",false," ",2,LightGray,1000," ",
buffer,shift)


Quoting censura
The order of the parameters is it the same as the input window when you load the indicator can you tell me what they are

Thank you
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