zyx » Fri Feb 06, 2015 5:50 pm wrote:Haha, yea. The numbers refer to time periods.
0 = current
I haven't been using them though because I have to manually set every chart to show on foreground. And whenever I want to change something the ribbons jump back on top. I was spending too much time just fixing charts
The setting is called "LEVEL UP"
This is a very unique indicator.
DO NOT USE TIME FRAMES. WE DO NOT USE THIS INDICATOR AS A MTF Indicator. This is not used as a multi-time period indicator. The math will be all wrong.
This indicator does the unique number 9 math that makes the ribbons work.
Time Frame should always be set to zero .... 0
Padnoter read my mind and programmed this indicator to do the unique number 9 math. It is done by the Level Up setting. This is a unique setting and that is why I called it Level Up and Padnoter called it Level Up.
So here is a picture.
Below is a Template with all indicators to do all the ribbons on all the time periods. Just start from the largest and delete what you do not want starting with the indicator set at Level Up 5 and work down. If you Delete the level up 5 indicator than you now have 6 indicators starting with 4. If you Delete 5 and 4 than you have just 5 indicators starting with Level UP 3 . { 3, 2 ,1 ,0, -1}
So subtract level up 5 4 3 2 and this is what you would end up with. Just Three indicators. Now on the
Level Up 1
Level up 0
Level up -1
So on the 5 minute time period with just level up settings of 1,0 and -1 you would have a 1 minute shadow ribbon, a Five minute ribbon and and 15 minute ribbon. On the 15 minute it automatically becomes a 5 minute shadow and a 15 minute primary ribbon and a 30 minute larger ribbon. You go up a time period and now you have a 15 minute shadow and a 30 minute primary and a 60 minute larger ribbon. I hope you sort of get the idea now. Normally you are using 7 indicators... level up setting of 5 4 3 2 1 0 -1 Seven indicators.
If you want just the first 4 time periods you use 4 indicators. Than you have 3 2 1 -1
-1 will always be the shadow ribbon.
Indicators are Always applied from larger to smaller so the smaller fast ribbons do not get covered up. So the fastest shadow ribbon never gets covered and neither does the primary seeing that the shadow is clear and often the next two higher up will be clear of being covered up in a trend.
This only applies to time periods 5m - 1 month
The one minute is using the old indicator in the base setup below. It only has 4 ribbons. I would leave it alone. I guess I did not put this in the manual. I will have to add it.
Edit ... To make this more clear. Each ribbon requires its own indicator. So to do Three would require 3 indicators. ONE indicator can only do one ribbon.
Cheers,
Doug