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Richard from MoveTheMarkets has created a nice indicator that may benefit a lot of people trying to incorporate MTF into a minimalist screen/chart view.
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The following 18 users say Thank You to Big Mike for this post:
I'm having a little problem, tho. For some reason the 30 min blocks don't start until 9:30, but as you can see from the screenie, I have it set at 8:30.
Hard to tell from your screenshot, but it doesn't look like you have much data on your chart, right? All indicators need a few bars to start up and get oriented. See attached with one of my charts scrolled all the way to the left, for example. To start at 8:30, it would have to "see" bars before 8:30, and then notice that 8:30 had passed.
Also note that 8:30 isn't a starting point as much as it is a synchronization point... in other words, say for some reason you want bars every 37 minutes. That's fine, but you also want a fresh bar at the NYC open every day, so you cut off the bars and start fresh every time 8:30 central rolls around. It also helps when gappy data gets the algorithm confused... at least at the next session the bars will right themselves again.
The following user says Thank You to Richard for this post:
Richard, can you make the open of the first virtual bar synchronized with the close of the last bar of the previous session. A no gap chart is what I am after.
Thanks for the suggestion. Ok here's a version with a gapless setting you can set to true if you like. If true, it will set the open of a new session's first bar equal to the previous closing bar (screenshot attached).
This version also has a few bug-fixes on the timing as well for people that only watch day sessions (and hopefully I didn't introduce any bugs in the process!), so in general if you like this indicator it's probably best to upgrade.
ooohhh... I see what you mean now. Well, you could track an offset that you'd apply to all the subsequent bars, and modify the offset each session... and then adjust the plot mechanism so that it scales the visible range to plot on-screen at all times... but at that point the virtual bars and the real ones could be at very different prices (especially if your chart has several days of data on it, with several gaps to adjust away). I'd be willing to help anyone that wanted to undertake that change if they get stuck, but it's beyond the scope of what I'm trying to accomplish.
He has one of the few blogs I read.
sometimes, but I think it turned out well.
