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A new concept for the multi timeframe indicators

  • #1
  • First Post: Jul 14, 2012 6:47am Jul 14, 2012 6:47am
Hi guys,

I made two indicators, and I'm curious to the opinions...
This MTF indicators draws the line without steps and without the refresh problem or backtest incompatibility.


Stepless MTF RSI (H4 in M5, period 14):

Attached Image (click to enlarge)
Click to Enlarge Name: sMTF RSI.jpg Size: 96 KB




Stepless MTF CCI (H4 in M5, period 14):

Attached Image (click to enlarge)
Click to Enlarge Name: sMTF CCI.jpg Size: 94 KB
Attached File(s)
File Type: ex4 Stepless MTF RSI.ex4   3 KB | 804 downloads
File Type: ex4 Stepless MTF CCI.ex4   3 KB | 624 downloads
  • #2
  • Jul 14, 2012 8:47am Jul 14, 2012 8:47am
Quoting styan
Hi guys,

I made two indicators, and I'm curious to the opinions...
This MTF indicators draws the line without steps and without the refresh problem or backtest incompatibility.


Stepless MTF RSI (H4 in M5, period 14):

Attachment



Stepless MTF CCI (H4 in M5, period 14):

Attachment
It is not a new concept, but I'm glad to see someone else prefers the stepless MTF indicators as I do. They are not as pretty as the step versions, but they give "true" past data and, as you stated, make visual backtests more accurate.

It certainly seems to make sense to code MTF indicators this way. But I think this opinion is in the minority.
  • #3
  • Jul 15, 2012 12:29am Jul 15, 2012 12:29am
Quoting zznbrm
It is not a new concept, but I'm glad to see someone else prefers the stepless MTF indicators as I do. They are not as pretty as the step versions, but they give "true" past data and, as you stated, make visual backtests more accurate.

It certainly seems to make sense to code MTF indicators this way. But I think this opinion is in the minority.
I checked your MTF Stochastic (and other great works). My first plan was similar with yours, but it's not good (i think), because not draws similary than the standard MTF (in vain would be logical that shifting the indicators source). My indicators are "only" interpolate the step point, and the last bars too. So in M5 (with H4 RSI) not draws salient line, if the first M5 bar is a big candle. As well as resolved the usual refresh problem in last bars, and when first attach.

Or there is another source?
  • #4
  • Jul 16, 2012 7:25am Jul 16, 2012 7:25am
I understand your concept absolutely, however I wanted the indicator which shows similar movements in every lower timeframe than the base timeframe (than the candles on the chart).

Can you upload the picture again? It's not showed.
  • #5
  • Jul 16, 2012 7:32am Jul 16, 2012 7:32am
Quoting styan
Can you upload the picture again? It's not showed.
Here you go:
Attached Image (click to enlarge)
Click to Enlarge Name: eu-mtf.gif Size: 23 KB
  • #6
  • Jul 18, 2012 2:09am Jul 18, 2012 2:09am
Thanks, cool, and I understand your thinking. But as i said i wanted a linear interpolated line, which exatly similar than the standard MTF.

(Gray line: Standard MTF, Yellow line: Stepless MTF):

Attached Image (click to enlarge)
Click to Enlarge Name: Snap_Sty_EURUSD_M5_9-4-16.jpg Size: 81 KB
  • #7
  • Jul 18, 2012 5:02am Jul 18, 2012 5:02am
I think you reinvented the wheel.This was already explored by a very good coder with interpolation.So I don't mean to underestimate your work.
  • #8
  • Jul 18, 2012 5:24am Jul 18, 2012 5:24am
Quoting olsen-yersen
I think you reinvented the wheel.This was already explored by a very good coder with interpolation.So I don't mean to underestimate your work.
Please show me, I could not find similar.
  • #9
  • Dec 1, 2012 7:24am Dec 1, 2012 7:24am
Here is the new version:

http://www.truetl.com/uploads/9/4/9/...0_orig.jpg?439
Attached File(s)
File Type: ex4 scMTF RSI.ex4   8 KB | 546 downloads
File Type: ex4 scMTF CCI.ex4   8 KB | 553 downloads
  • #10
  • Last Post: Dec 30, 2013 8:47am Dec 30, 2013 8:47am
Quoting zznbrm
{quote} Here you go: {image}
Question for zznbrm:

Is there something like CCI-MTF-True.ex4 or mq4?

Thanx in advance,
Vuk
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