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Attachments: Anyone have a MTF stoch. that does this?
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Anyone have a MTF stoch. that does this?

  • Post #1
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  • First Post: Jul 10, 2008 3:46am Jul 10, 2008 3:46am
  •  nuc
  • | Joined Aug 2004 | Status: Member | 19 Posts
The MTF stochs works like this if I understand it right. This is on a 15m chart.. the 15M stoch will always be correct, the 30M stoch calculate on every XX:00 and XX:30 and 1H stoch calculates on each hour bar..etc..

How do you think our MTF Stochs would perform if they were based on bars and not time? Again.. 15M chart, 30M stoch would calculate on the last two bars, not just 12:00 ->12:30, 12:30 -> 13:00 but on bars so that it will be 12:00->12:30 and on next 15M bar it would be 12:15->12:45. The same for the 1H stoch that would need the last 4 bars for calculation, 12:00->13:00 and on next 15M bar it would be 12:15->13:15. This way larger timeframe Stochbars would not repaint and we would always have a "fresh" stoch on all our timeframes.

I hope you all understand what I'm getting at.. anyone that could program a MTF stoch like this?
  • Post #2
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  • Jul 10, 2008 8:16am Jul 10, 2008 8:16am
  •  DaveL
  • | Joined Aug 2006 | Status: Member | 142 Posts
Not sure if it's what you want, but here's an MTF Stoch ...
Attached File
File Type: mq4 #MTF_Stochastic.mq4   4 KB | 342 downloads
Dave
  • Post #3
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  • Jul 10, 2008 7:07pm Jul 10, 2008 7:07pm
  •  nuc
  • | Joined Aug 2004 | Status: Member | 19 Posts
Thanks Dave, but that's a regular MTF stochastic that repaints. If for example your looking at a 15 min. chart the higher TF stochs. will repaint even when the 15 min. stoch is finished on a particular bar.

I am hoping someone has made or could make an MTF stoch that won't repaint for reasons that I said in the first post.

Thanks tho.
  • Post #4
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  • Jul 10, 2008 7:55pm Jul 10, 2008 7:55pm
  •  achandrasek
  • | Joined Feb 2006 | Status: Member | 476 Posts
You don't need any new indicator for that. Just multiply the parameters by the number of bars needed for the higher timeframe. For example, if you want hourly Stoch(14,3,3) on a 15M chart, just use Stoch(56,12,12) that will work exactly the way you have asked.

chandra
  • Post #5
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  • Jul 11, 2008 11:40pm Jul 11, 2008 11:40pm
  •  nuc
  • | Joined Aug 2004 | Status: Member | 19 Posts
Thanks for the info. I will give it a shot
  • Post #6
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  • Last Post: Feb 16, 2012 6:46am Feb 16, 2012 6:46am
  •  zigflip
  • | Joined Feb 2011 | Status: Member | 19 Posts
can anyone fix the indi so it only repaints on the higher time frame change as when it is first loaded on chart, i.e. flat lines for each interval, rather than wonky painting to the smaller tf value

please give the line of code if u can too! for other mtfs
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