How to use the'step-like line' method? - Technical Indicators

fxbs 2009.03.16 20:06 #2731

thank you, Cja

fxbs 2009.03.16 20:24 #2732

cameofx:
Hi fxbs,

I got this Stochastic_LSDs_MTF.mq4 which i think is very great.

It has option to show regular 'stepping' MTF and/or smooth line MTF on the

same plot

why haven't we've seen more MTF's in 'this form/style'?

I've look around but can't find this form of MTF on Hull. Maybe you have

or anyone has got smooth Hull MTF already could please point me to the thread..

Thanks a ton in advance!

hi, why? - 'cause traditional step method is good, simple and proven, like a tank, and still there is a plenty of misunderstanding and confusion, i can imagine what will happen with 'deceiving non-step-like line' ("smooth line" - also pretty deceiving term : ))))

don't know about Hull mtf - i'm piled- up with other things to do - but there are many guys around here

Explain the mechanism. If Backtest too slow Ichimoku

fxbs 2009.03.16 20:26 #2733

zz_MZZ4_4tf.mq4 Nen's mtf 4 tf zz

Files:

zz_mzz4_4tf.mq4 24 kb

FXBabe 2009.03.16 22:21 #2734

matfx:
Hi, Maybe this is what you are looking for. I use the standard Money Flow Index turned it to MTF.

thanks mate.

cameo 2009.03.16 23:30 #2735

hi, why? - 'cause traditional step method is good, simple and proven, like a tank, and still there is a plenty of misunderstanding and confusion, i can imagine what will happen with 'deceiving non-step-like line' ("smooth line" - also pretty deceiving term : )))) don't know about Hull mtf - i'm piled- up with other things to do - but there are many guys around here

'smooth line'.... lol . you're right i just picked that up out of thin air!

But i think it would not differ so much with the original 'step' mtf as it is evident with Stoch LSDs mtf (i studied the code lil' bit, if i'm not mistaken it's just adding draw_section between values...). The programmer who coded it must've anticipated it as he/she is making it an optional one.

I guess the main advantage would be less clutter when multiple period mtf's is stacked.. and I'm imagining the in-between values is not too significant after all... . Anyway thx for the reply fxbs...!

MTF Stochastic w/ Smoothing CCI Filter **Steinitz** Method Revealed Here

[Deleted] 2009.03.17 16:25 #2736

cja:
This is an indicator i modified quite sometime ago it is a MTF Fibo indicator and has preset color and linestyles so all the user has to do is change timeframes and the lines and colors update to the presets. Of course the preset colors etc can all be altered by the user.

extern string ____________________="Change TimeFrames for MTF Display";

extern int TimeFrame =1440;

extern string _____________________=" Preset colors & LineStyle";

extern string ______________________="Monthly";

extern color MN1_Upper_color = Sienna;

extern color MN1_Intra_color = DarkOrange;

extern color MN1_Lower_color = Sienna;

extern int MN1_Hi_LineStyle = 0;

extern int MN1_Mid_LineStyle = 0;

extern int MN1_Lo_LineStyle = 0;

extern string _______________________="Weekly";

extern color W1_Upper_color = Maroon;

extern color W1_Intra_color = Red;

extern color W1_Lower_color = Maroon;

extern int W1_Hi_LineStyle = 0;

extern int W1_Mid_LineStyle = 0;

extern int W1_Lo_LineStyle = 0;

extern string ________________________="Daily";

extern color D1_Upper_color = SteelBlue;

extern color D1_Intra_color = Aqua;

extern color D1_Lower_color = SteelBlue;

extern int D1_Hi_LineStyle = 0;

extern int D1_Mid_LineStyle = 0;

extern int D1_Lo_LineStyle = 0;

extern string _________________________="4 Hourly";

extern color H4_Upper_color = ForestGreen;

extern color H4_Intra_color = YellowGreen;

extern color H4_Lower_color = ForestGreen;

extern int H4_Hi_LineStyle = 0;

extern int H4_Mid_LineStyle = 0;

extern int H4_Lo_LineStyle = 0;

extern string __________________________="1 Hourly";

extern color H1_Upper_color = Gray;

extern color H1_Intra_color = Silver;

extern color H1_Lower_color = Gray;

extern int H1_Hi_LineStyle = 0;

extern int H1_Mid_LineStyle = 0;

extern int H1_Lo_LineStyle = 0;

fibo_mtf.ex4

Thank you very much.

cameo 2009.03.17 17:27 #2737

cja

Fibo_MTF

This is an indicator i modified quite sometime ago it is a MTF Fibo indicator and has preset color and linestyles so all the user has to do is change timeframes and the lines and colors update to the presets. Of course the preset colors etc can all be altered by the user...

Thx Cja!