Seeking MTF MA Indicator for MT4 build 625 | Forex Factory

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Seeking MTF MA Indicator for MT4 build 625

  • #1
  • First Post: May 2, 2014 9:56am May 2, 2014 9:56am
Hi folks! I am looking for a Muti Time Frame MA indicator. For example on the 4HR TF I would like to be able to see a daily and Weekly MA on it. To avoid switching screens etc. I see there are some out there, but they dont seeem to work with this build

Thanks much!

SirWolf
Believe and Achieve!
  • #2
  • May 2, 2014 10:54am May 2, 2014 10:54am
Quoting sirwolf
Hi folks! I am looking for a Muti Time Frame MA indicator. For example on the 4HR TF I would like to be able to see a daily and Weekly MA on it. To avoid switching screens etc. I see there are some out there, but they dont seeem to work with this build Thanks much! SirWolf
I use this one on build 625.
From top tabs click File, than
Click Open Data Folder, than
Double click MQL4 folder, than
Double click Indicators than put 2 files there, than
Close MT4 platform and open
Attached File(s)
File Type: ex4 MTF_MovingAverage.ex4   8 KB | 1,989 downloads
File Type: mq4 MTF_MovingAverage.mq4   3 KB | 2,849 downloads
  • #3
  • May 2, 2014 12:58pm May 2, 2014 12:58pm
Quoting Rockerzeus
{quote} I use this one on build 625. From top tabs click File, than Click Open Data Folder, than Double click MQL4 folder, than Double click Indicators than put 2 files there, than Close MT4 platform and open {file} {file}
Thanks so much Rockerzeus! Works like a charm. I really appreciate the help! Have a great weekend!
Believe and Achieve!
  • #4
  • May 2, 2014 10:31pm May 2, 2014 10:31pm
Quoting sirwolf
{quote} Thanks so much Rockerzeus! Works like a charm. I really appreciate the help! Have a great weekend!

You are welcome, have a nice weekend too.
  • #5
  • May 3, 2014 7:07am May 3, 2014 7:07am
Quoting sirwolf
but they dont seeem to work with this build Thanks much! SirWolf
for the future: try using the old build 509 compiler, thread: http://www.forexfactory.com/showthread.php?t=470340
PM me with coding requests and I'll probably put you on my ignore list
  • #6
  • May 3, 2014 9:35am May 3, 2014 9:35am
Instead of using an indicator, you might also just try multiplying the moving average times the number of periods to reach the time frame.

For instance, if you want to see the 10 SMA of the daily chart while looking at the 4hr chart, multiply 10 times 6. (4hr times 6 = 24hr) The 60 SMA on a 4hr chart is the daily 10 SMA.

Don't know why anyone would need data on the weekly chart, lol, so you can do your own calculations for it.
You cannot be extraordinary by being normal
  • #7
  • May 4, 2014 10:12am May 4, 2014 10:12am
Quoting dkrock
Instead of using an indicator, you might also just try multiplying the moving average times the number of periods to reach the time frame. For instance, if you want to see the 10 SMA of the daily chart while looking at the 4hr chart, multiply 10 times 6. (4hr times 6 = 24hr) The 60 SMA on a 4hr chart is the daily 10 SMA. Don't know why anyone would need data on the weekly chart, lol, so you can do your own calculations for it.
That method will not generate accurate values as there are more variables in the calculations.

Just saying....
  • #8
  • May 4, 2014 10:24am May 4, 2014 10:24am
Quoting symona
{quote} That method will not generate accurate values as there are more variables in the calculations. Just saying....
Is this applicable to the indy in post 2 (MTF MA)?? Because I just assume this indy calculates the way dkrock says in post 6.

Do you understand what I say?

My understand is:
As long as you stay on a 1h chart, the 4h MA generated by the MTF indy is the same as the MA of 240 hrs (60hrs x4) AND is NOT the same as the 4H MA on a 4h chart.
  • #9
  • May 4, 2014 10:40am May 4, 2014 10:40am
Quoting Forexgogo
{quote} Is this applicable to the indy in post 2 (MTF MA)?? Because I just assume this indy calculates the way dkrock says in post 6. Do you understand what I say? My understand is: As long as you stay on a 1h chart, the 4h MA generated by the MTF indy is the same as the MA of 240 hrs (60hrs x4) AND is NOT the same as the 4H MA on a 4h chart.
I am not sure about the post #2 indicator as I am not familiar with it. I use an interpolated version MTF indi which returns exact results as regular built in MT4 MA on its respective timeframe.
  • #10
  • May 4, 2014 12:13pm May 4, 2014 12:13pm
Quoting symona
{quote} That method will not generate accurate values as there are more variables in the calculations. Just saying....

Cool. Did you put the moving average on your indicator before commenting? Got a screenshot? I am always interesting in learning new technology. When I applied manual moving averages to mtf indicators, the lines were the same. Probably has something to do with the Associative Law of Addition. Could be wrong. I welcome an opportunity to see your example.

Of course, if you are using weighted moving averages, like EMA or LWMA, the data should change according the string length of the moving average. On SMA though, there shouldn't be much difference. The same price point on a 1M chart is also on a daily chart, well at my broker anyway. So if I average 100 data points on a 1M chart and 100 data points on a daily chart, it should be the exact same data points. I am not sure what you are implying, but I welcome further explanation.
You cannot be extraordinary by being normal
  • #11
  • May 4, 2014 12:46pm May 4, 2014 12:46pm
Quoting dkrock
{quote} Cool. Did you put the moving average on your indicator before commenting? Got a screenshot? I am always interesting in learning new technology. When I applied manual moving averages to mtf indicators, the lines were the same. Probably has something to do with the Associative Law of Addition. Could be wrong. I welcome an opportunity to see your example. Of course, if you are using weighted moving averages, like EMA or LWMA, the data should change according the string length of the moving average. On SMA though, there shouldn't be much difference....
Wow! I am very impressed. I have no specific mathematical skills or knowledge like you, in fact you confused me with your articulate comment. I simply applied the moving averages and noticed a significant difference. I have no clue as to how they work other than the common basic knowledge most have regarding moving averages.

When applied the aforementioned method the values were different. Whereas my MTF indi values are spot on. Now one though...It's entirely possible that the broker server time zone has an implication not sure....I am with a US broker GMT -4.
  • #12
  • May 4, 2014 12:48pm May 4, 2014 12:48pm
Almost forgot: I am not able to share a screenshot as I have now left my terminal.

Rest assured that I applied the indicators and observed the difference.
  • #13
  • May 4, 2014 12:55pm May 4, 2014 12:55pm
To clarify I used SMA not weighted etc. indeed.

Also I applied the built in MA indicator not the MTF from post #2.

Basicall applied the 60 SMA on a 4HR chart and the value was differs rent from 10 SMA on a Daily chart.
  • #14
  • May 4, 2014 1:10pm May 4, 2014 1:10pm
Thanks. When you have the opportunity, please provide screenshots and the indicator, if you can. I build indicator settings on lower time frames to see higher time frames, so it would be useful if your method is actually more accurate. In my experience mtf indicators are not only the same as manually calculated ones, but often their drawings appear choppy.

I have a question though while I am waiting. If the lines are drawn different, how do you know your indicator is right, and the manually calculated moving average is wrong? I am really interested in seeing this for myself. Thanks again.
You cannot be extraordinary by being normal
  • #15
  • May 4, 2014 1:24pm May 4, 2014 1:24pm
I know because my MTF indicator's values are identical to the MT4 MA.

As well, the lines are not choppy like all MTF. They are rather straight. You can slightly see where the TF changes but slope is still there.

Again you suggested applying the MT4 SMA 60 into H4

Take the value reading. Then apply same indi to Daily chart with 10 SMA. Notice that values are different.
  • #16
  • May 4, 2014 3:20pm May 4, 2014 3:20pm
Quoting dkrock
Instead of using an indicator, you might also just try multiplying the moving average times the number of periods to reach the time frame. For instance, if you want to see the 10 SMA of the daily chart while looking at the 4hr chart, multiply 10 times 6. (4hr times 6 = 24hr) The 60 SMA on a 4hr chart is the daily 10 SMA. Don't know why anyone would need data on the weekly chart, lol, so you can do your own calculations for it.
Your method results in an approximation, not the true value.
Just look at the 6 H4 candles that span a complete day, the 60 SMA will be different for each of those 6 candles whereas if reflecting the 10 SMA from the Daily tf, all 6 candles will have the same value.
Please Do Not PM Me With Coding Enquiries
  • #17
  • May 4, 2014 3:36pm May 4, 2014 3:36pm
Quoting Gumrai
{quote} Your method results in an approximation, not the true value. Just look at the 6 H4 candles that span a complete day, the 60 SMA will be different for each of those 6 candles whereas if reflecting the 10 SMA from the Daily tf, all 6 candles will have the same value.
Right on.
Well said...

Cheers.
  • #18
  • May 5, 2014 2:05am May 5, 2014 2:05am
Quoting symona
{quote} Right on. Well said... Cheers.
Not sure what the candle design has to do with the moving average. It is just a stop in the measurement. If you are only measuring one period, maybe it would matter. But, if you span 60 periods on a 4hr chart, you are measuring 240 hours, right? Since there are 24 hours in a day, then on a daily chart, that would be 10 periods. I still don't know what math you are using, but it isn't adding up to me. The moving average is measuring average price. A candle is determined by the high and low. Two entirely different numbers.
You cannot be extraordinary by being normal
  • #19
  • Jun 11, 2014 11:32pm Jun 11, 2014 11:32pm
I, too, thank yo so much! Have a great week ahead!

Quoting Rockerzeus
{quote} I use this one on build 625. From top tabs click File, than Click Open Data Folder, than Double click MQL4 folder, than Double click Indicators than put 2 files there, than Close MT4 platform and open {file} {file}
  • #20
  • Sep 24, 2014 4:07am Sep 24, 2014 4:07am
Quoting Rockerzeus
{quote} I use this one on build 625. From top tabs click File, than Click Open Data Folder, than Double click MQL4 folder, than Double click Indicators than put 2 files there, than Close MT4 platform and open {file} {file}
Hi Rockerzeus, this indicator doesn't seem to work where the chart is in higher time frame than the intended MA. For example, my chart is now in D1 time frame. Say, I wish to see SMA 50 line of H1 (60 minutes) in that D1 Chart, this is what I've seen in my chart:


It doesn't seem right. Please advise on the above. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture1.png Size: 63 KB
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