NeoTraders NB Indicator Lab

[makefortune]

Here we go...

NT TMATrue SlopeHisto MTF
Current Version: v.1.0.0 released on 05.07.2012 New Version

NT TMATrue SlopeHisto MTF as slope and overlayed histogram.png

NT TMATrue SlopeHisto MTF 3TF, 8TF.png

Description:
TMA and TMATrue based MultiTimeFrame slope(s) and Histo (TMATrue SlopeHisto MTF)

Credits go to:
ZZNBRM - TMA & TMA True calculations

Features:

• calculate and show up to 8 TMA Timeframes for the current Chart or any other Pair
• symbol free selectable (view any symbols TMA on your current Chart)
• font selectable
• fontsize selectable
• all timeframes selectable
• limit the number of bars to process (better performance)
• TMA TFs can be shown as slope/value or histogram/value combination
• freely overlay all TFs as Histogram (change order in timeFrames to change overlay order)
• TMA mode selectable betwen original Mode and true Mode that prevents any so-called 'repainting'
• tmaPeriod can be changed
• atrPeriod can be changed
• unique window id so you can put up to 10 Indicators on 1 chart
• Info Table shows only values of selected TFs
• Info Table can be disabled
• other TFs are in relation to the current Chart Period
• Up to three Levels that you can set for the Slope View (All Levels are set automatically as + and - Levels)
• One Level for single TF Histo Mode (like CSSDiff slope) (Level is set automatically as + and - Level)

external Parameters:

• General Settings
• maxBars - limits the history to this number of candles, set to 0 to disable
• symbolToShow - select another Symbol then Chart symbol
  
  Timeframe Settings
• timeFrames - set TFs (up to 8) to one of the values (M1,M5,M15,M30,H1,H4,D1,W1,MN1)
  
  TMA Settings
• tmaTrueMode - uses the TMAtrue calculation, prevents any so-called 'repainting'
• tmaPeriod - change the tmaPeriod
• atrPeriod - change the atrPeriod
  
  Info Table Settings
• showInfo - switch InfoTable on/off
• infoCorner - select Corner in which the InfoTable is shown
• fontName - select font to use
• fontSize - select fontsize to use
  
  Histo Settings
• showHisto - enable/disable Histo Mode
• histoLevel - set Histo Level (only if timeFrames have one single TF to show)
  
  Slope Settings
• slopeWidthTFn - select width of slope/histo
• slopeLeveln - set Level for Slope View
  
  Color Settings
  Slope Mode
• colorTFn - select color for Slope/Histo/Table and the TFs
  HistoMode
• lineColorRange - select color for the ranging area of the Histogram
• lineColorOverLevel - select color for over defined level of the Histogram
• lineColorUnderLevel - select color for below defined level of the Histogram

Examples:

NT TMATrue SlopeHisto MTF Different Symbols on one chart.png

NT TMATrue SlopeHisto MTF as slope and single TF histogram.png

Usecases:

nt tmatrue slopehisto mtf as slope dashboard.gif

nt tmatrue slopehisto mtf as histo dashboard.gif

nt tmatrue slopehisto mtf as single tf histo dashboard.gif

I release this as ex4 only for now.
If you want to use some setups more often save them as templates.

If you have any further Feature Requests or find any Bugs please inform me here on the thread.


NeoTrader


-

I put this idicator in H1 chart and M15 charts, the data shown is H1,H4,D1. How do I set it to show M15 TF in the M15 chart? Thanks

[rewand]

Hi NT,

I love your MTF TMA slope indi, great approach. Only one question regarding usability issues. Slope values get out of tune if we shift to higher TF charts compared to the TF we want to get the value from. Example: 1H slope value shows the right value as long as the TF on the chart is equal or less than 1H. If we look at 1H value on a 4H+ TF then we start getting different numbers. Is there any particular reason for this? It disturbs the mind because it wants and does read the values from higher TF charts as well.

Thanks,
Andras

[NeoTrader]

hi makefortune,

I put this idicator in H1 chart and M15 charts, the data shown is H1,H4,D1. How do I set it to show M15 TF in the M15 chart? Thanks

come on....really?

Have you read the Description and the parameter settings?
It is not to much to ask...

Use the Parameter timeFrames to change/set the desired TFs you want to see.


happy trading,

NeoTrader

-[/quote]

[NeoTrader]

hi rewand,

I love your MTF TMA slope indi, great approach. Only one question regarding usability issues. Slope values get out of tune if we shift to higher TF charts compared to the TF we want to get the value from. Example: 1H slope value shows the right value as long as the TF on the chart is equal or less than 1H. If we look at 1H value on a 4H+ TF then we start getting different numbers. Is there any particular reason for this? It disturbs the mind because it wants and does read the values from higher TF charts as well.

There can only two points that this happens

Since the current TF and the TFs on the slope are correlated...this means the higher you go on the TFs of your chart the fewer bars are to be calculated and that the Information in this bars is much older than the current bar which is not closed now.
Thats why I trade most of the time from H1 because the values there are accurate for the longer term trades and higher TFs
If I want to get a closer look to the lower timeframes I look at M15 since there also the values for M5 & M30 are almost accurate...

The second issue/bug I have found is when you have 2 MTF Indicators on your chart and change TFs the Window repaint is to fast and the unique IDs get mest up...just make a right click on the lines in the indicator and call the properties and click ok...than the correct values should be at place.

hope this helps.

happy trading,

NeoTrader

-

[rewand]

Hi NT,

I am not a programmer myself but I thought that showing the H1 values (eg.) on a higher TF is a displaying issue and not stg that is related to the higher TF chart and its bars. Is it possible to just take off the signal line and the values from the higher charts, so that when chart TF is higher than H1 => do not show H1 slope value (if technically really can not show the right values). I think that would save our brains from getting confused. H1 traders are at advantage ; )

The other issue I have not noticed but naturally copied the indicator, so I assume they behave independently from each other.

Thanks,
Andras

[makefortune]

You are right. the settings are there. Too used to setting with numbers in parameters. Most of them time seems to be comments in gold.

The alert on NT TMA MTF was great. got a quick move on GBPUSD a while ago. Thanks

[makefortune]

hi makefortune,

I put this idicator in H1 chart and M15 charts, the data shown is H1,H4,D1. How do I set it to show M15 TF in the M15 chart? Thanks

come on....really?

Have you read the Description and the parameter settings?
It is not to much to ask...

Use the Parameter timeFrames to change/set the desired TFs you want to see.


happy trading,

NeoTrader

-

[/quote]

Is it possible to have the zero line in the TMA True slope MTF with a distinct color instead of the dotted grey. Thanks

[NeoTrader]

hi andras,

I am not a programmer myself but I thought that showing the H1 values (eg.) on a higher TF is a displaying issue and not stg that is related to the higher TF chart and its bars.

The calculations are based on the close of a bar....and since the current bar in the higher TF is not closed the value you get is older than what you see in the H1. also you have only one bar to calculate in H4 as for the same time you have 4 bars in H1 8 bars in M30 and so on...you cant display everything accurate over all TFs... see also some discussion on Page 13 of this thread where I tried to describe it a little more.

Is it possible to just take off the signal line and the values from the higher charts, so that when chart TF is higher than H1 => do not show H1 slope value (if technically really can not show the right values). I think that would save our brains from getting confused. H1 traders are at advantage ; )

You can switch them off in the Parameters as you wish and make a template from it...
I will not implement such behavior because not everyone sees it like you and their is a easy workaround to accomplish this.

happy trading,

NeoTrader

-

[NeoTrader]

hi makefortune,

Is it possible to have the zero line in the TMA True slope MTF with a distinct color instead of the dotted grey. Thanks

You can change only the color for all levels...this is Empty4 limitation I can't change that. Ok ...maybe I could try to overlay a horizontal line...but this is something you can also do by hand...

happy trading,

NeoTrader

-

[makefortune]

hi makefortune,

Is it possible to have the zero line in the TMA True slope MTF with a distinct color instead of the dotted grey. Thanks

You can change only the color for all levels...this is Empty4 limitation I can't change that. Ok ...maybe I could try to overlay a horizontal line...but this is something you can also do by hand...

happy trading,

NeoTrader

-

Yes, I draw a horizontal line over it. Thanks.